ARRYArray Technologies, Inc.
Semiconductors & Related Devices
- Revenue
- $1.3B
- 40% YoY
- Operating margin
- -2.3%
- 91% YoY
- EBITDA
- −$3M
- 99% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- —
- $433M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear9% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $853M | $1.6B | $1.6B | $916M | $1.3B | 40% |
| Operating income | −$25M | −$18M | $214M | −$227M | −$29M | 87% |
| Net income | −$50M | $4M | $137M | −$240M | −$52M | 78% |
| Operating cash flow | −$263M | $141M | $232M | $154M | $102M | 34% |
| Capex | $3M | $11M | $17M | $7M | $22M | 201% |
| Stock-based comp | $14M | $15M | $15M | $10M | $16M | 50% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 21 | 16 |
| FY2024 | — | — | 14 | 24 |
| FY2023 | — | — | 39 | 56 |
| FY2022 | — | — | 45 | 121 |
| FY2021 | — | — | 36 | 97 |