Array Technologies, Inc. (ARRY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: August 07, 2025

Risk Assessment Details

Potential Dilution: 78.11% of current shares
Recent Dilution: 0.76% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
150M
Potential Supply
120M
Additional shares possible
Splits
None
Past 2 years

Summary

ARRY currently has 153M outstanding shares. with significant dilution risk as 119M authorized shares could dilute existing holders by 78.1%. The company has minimally diluted shareholders by 0.76% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Aug 07, 2025

10-Q filing | 152.6M shares outstanding

150M 120M
May 06, 2025

10-Q filing | 152.8M shares outstanding

150M 120M
Mar 03, 2025

10-K filing | 151.8M shares outstanding

150M 120M
Nov 07, 2024

10-Q filing | 151.9M shares outstanding

150M 120M
Aug 08, 2024

10-Q filing | 151.8M shares outstanding

150M 120M
May 09, 2024

10-Q filing | 151.4M shares outstanding

150M 120M
Feb 28, 2024

10-K filing | 150.9M shares outstanding

150M 120M
Nov 07, 2023

10-Q filing | 151.1M shares outstanding

150M 120M
Aug 08, 2023

10-Q filing | 150.9M shares outstanding

150M 120M
May 10, 2023

10-Q filing | 150.6M shares outstanding

150M 120M
Mar 22, 2023

10-K filing | 149.8M shares outstanding

150M 120M
Nov 09, 2022

10-Q filing | 150.3M shares outstanding

150M 120M
Aug 09, 2022

10-Q filing | 150.2M shares outstanding

150M 120M
May 13, 2022

S-1 filing: The filing relates to the potential offering and sale of up to 13,894,800 shares of common stock by selling stockholders.

150M 120M
May 11, 2022

POS AM filing: The selling stockholders may offer and sell up to 9,000,000 shares of common stock.

150M 110M
May 10, 2022

10-Q filing | 148.3M shares outstanding

150M 110M
Apr 06, 2022

10-K filing | 150.2M shares outstanding

150M 110M
Nov 12, 2021

8-K filing: Array Technologies, Inc. agreed to acquire 100% of the share capital of Soluciones Técnicas Integrales Norland, S.L. for €342 million in cash and 13,894,800 shares of the company's common stock.

130M 110M
Nov 12, 2021

10-Q filing | 131.0M shares outstanding

130M 110M
Aug 12, 2021

10-Q filing | 127.0M shares outstanding

130M 110M
Aug 11, 2021

8-K filing: Array Technologies, Inc. issued and sold 7,098,765 shares of common stock and 350,000 shares of Series A Perpetual Preferred Stock to BCP Helios Aggregator L.P. for $346 million. ($346.0M proceeds)

130M 110M
May 11, 2021

10-Q filing | 127.0M shares outstanding

130M 110M
Mar 16, 2021

S-1 filing: Filing relates to the offering of 31,054,971 shares of common stock by a selling stockholder.

130M 110M
Mar 10, 2021

10-K filing | 121.5M shares outstanding

120M 74M
Dec 01, 2020

S-1/A filing: This is an S-1/A filing for common stock with a proposed offering amount of $1,384,312,500.00 and 28,750,000 shares to be registered.

130M 74M
Nov 30, 2020

S-1 filing: A selling stockholder is offering 25,000,000 shares of common stock.

130M 70M
Nov 16, 2020

10-Q filing | 127.0M shares outstanding

130M 45M
Oct 13, 2020

S-1/A filing: This is an S-1/A filing for the initial public offering of common stock of Array Technologies, Inc. offering 7,000,000 shares by the company and 38,000,000 shares by a selling stockholder, with an estimated IPO price between $19.00 and $21.00 per share.

N/A 45M
Oct 09, 2020

S-1/A filing: This is an initial public offering of shares of common stock of Array Technologies, Inc. We are offering 7,000,000 shares of our common stock to be sold in the offering. The selling stockholder is offering 26,750,000 shares of common stock to be sold in the offering.

N/A 34M
Oct 08, 2020

S-1/A filing: This is an initial public offering of shares of common stock of Array Technologies, Inc.

N/A 34M
Oct 07, 2020

S-1/A filing: This is an initial public offering of shares of common stock of Array Technologies, Inc. We are offering 7,000,000 shares of our common stock to be sold in the offering. The selling stockholder is offering 26,750,000 shares of common stock to be sold in the offering.

N/A 34M
Sep 30, 2020

S-1/A filing: This is an S-1/A filing for an initial public offering of Array Technologies, Inc.'s common stock, with shares being offered by both the company and a selling stockholder. The company intends to list its common stock on The Nasdaq Capital Market under the symbol ARRY.

N/A 0
Sep 22, 2020

S-1 filing: This is an initial public offering of shares of common stock of Array Technologies, Inc. The company is offering shares of common stock and a selling stockholder is also offering shares.

N/A 0
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