Filing Flows › Array Technologies (ARRY) › Q2 2025
Array Technologies (ARRY) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 7, 2025
Array Technologies (ARRY) reported revenue of $362M for the second quarter 2025 (Q2 2025), +42% from a year earlier and +20% from the quarter before. Operating margin was 12.8%, net earnings $43.3M (11.9% of revenue).
Array Technologies, Q2 2025: revenue $362M (+42% year over year), operating margin 12.8%, net earnings $43.3M, operating cash flow $43.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $362M | +20% | +42% |
| Gross profit | $97.1M | +27% | +13% |
| Operating profit | $46.4M | +70% | +17% |
| Net earnings | $43.3M | +158% | +68% |
| Operating cash flow | $43.8M | — | 11× |
| Free cash flow | $37.2M | — | 20× |
What changed
Revenue was $362.2M in Q2 2025, up 42% year over year and up 20% from the previous quarter. Array Legacy Operations was the largest line at 81% of revenue. Array Legacy Operations added $106.7M year over year (up 58%), 100% of the total change.
Gross margin was 26.8%, down 6.8 points from a year earlier. Operating profit was $46.4M, a 12.8% margin (down 2.7 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 15% margin then. Operating expenses grew 9% against revenue growth of 42%. The fastest-growing cost line was Research & development (+39%). Net earnings were $43.3M, up 68% year over year. The effective tax rate was 23.9%.
Operating cash flow was $43.8M (up 1008% year over year), 101% of net earnings. Non-cash charges added back $5.6M of depreciation and amortization and $3.9M of share-based compensation. Working capital and other items used $9.0M. Capital expenditures of $6.6M left free cash flow of $37.2M.
Questions
What was Array Technologies' revenue in the second quarter 2025?
Array Technologies (ARRY) reported revenue of $362M for the second quarter 2025 (Q2 2025), +42% from a year earlier and +20% from the quarter before.
Was Array Technologies profitable in the second quarter 2025?
Operating profit was $46.4M (12.8% of revenue) and net earnings $43.3M.
Source: Array Technologies 10-Q on SEC EDGAR.