Event-Driven Stocks

Array Technologies, Inc.

ARRYNasdaq

Technology · Semiconductors & Related Devices · DE · SEC filings ↗ · Compare ⊕

View price & chart on Yahoo Finance ↗
Signs● 4 good● 3 warning● 3 severedetails ↓

Financials

SEC XBRL · annual
 FY25FY24FY23FY22FY21FY20
Revenue$1.28B$915.8M$1.58B$1.64B$853.3M$872.7M
Operating income−$29.0M−$227.0M$214.1M−$18.1M−$24.7M$95.2M
Net income−$52.2M−$240.4M$137.2M$4.4M−$50.4M$59.1M
Total assets$1.45B$1.43B$1.71B$1.71B$1.14B$656.0M
Total liabilities$1.19B$1.14B$1.10B$1.28B$974.7M$736.9M
Equity−$206.3M−$118.1M$259.2M$124.3M−$69.2M−$80.9M
EPS (diluted)$-0.73$-1.95$0.56$-0.29$-0.51$0.49
Shares out.152.0M151.3M150.8M150.2M127.0M120.0M

Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.

Key ratios

from filings · FY2025
Operating margin
−2.3%
Net margin
−4.1%
Return on equity
25.3%
Return on assets
−3.6%
Return on capital (ROCE)
−2.7%
Liabilities / assets
82.1%
Debt / equity
—
Book value / share
$-1.36
Revenue growth (YoY)
40.2%
Net income growth (YoY)
—

Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.

Financial health

forensic scores · FY2025
Altman Z″ (distress)
0.96distress
Accruals / assets
−10.6%clean
Beneish M-Score
-2.46normal
Piotroski F-Score
6/9mixed

Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.

Quality score

EDS Score
56
/ 100
Profitability 20Growth 100Catalyst 33Earnings quality 100Financial strength 25

Our own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.

Signs

● 3 severe● 3 warning● 4 good
  • Negative shareholder equity
  • Altman Z″ in the distress zone
  • Filed a late-filing notice (Form NT) — missed an SEC deadline
  • Operating losses (negative operating margin)
  • Reported a net loss
  • High leverage (liabilities > 70% of assets)
  • Strong return on equity (>15%)
  • Revenue is growing year-over-year
  • Positive operating cash flow
  • Clean earnings (low accruals)

Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.

Risk flags

late SEC filings

A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.

5%+ owners

SEC Schedule 13D / 13G · last 3 yrs

Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.

Short interest

FINRA · bi-monthly
SettlementShares shortDays to coverΔ vs prior
May 15, 202628.4M5.5-1.9%
Apr 30, 202629.0M5.0+15.4%
Apr 15, 202625.1M5.5+3.4%
Mar 31, 202624.3M5.3+0.1%
Mar 13, 202624.3M3.7-8.6%

Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.

Material events

SEC Form 8-K · most recent

Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.

Recent SEC filings

All filings ↗

Event-driven situations (2)

Spot an error in this record? Report it. Every correction is verified against the source filing before we change anything.