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FTC Solar (FTCI) is a Information Technology company. Latest news and coverage below.
IPO: April 28, 2021 · $13.00 offering · NASDAQ · View IPO details →
FTC Solar revenue & net income history (FY2019–FY2025)
RevenueNet income
| FY2019Dec 2019 | FY2020Dec 2020 | FY2021Dec 2021 | FY2022Dec 2022 | FY2023Dec 2023 | FY2024Dec 2024 | FY2025Dec 2025 | |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | $53.1M | $187.4M | $270.5M | $123.1M | $127.0M | $47.4M | $99.7M |
| Growth (year over year) | — | +252.7% | +44.4% | −54.5% | +3.2% | −62.7% | +110.5% |
| Gross profit | −$1.95M | $3.64M | −$32.5M | −$27.2M | $8.31M | −$12.6M | −$880.0K |
| Gross margin | −3.7% | 1.9% | −12.0% | −22.1% | 6.5% | −26.6% | −0.9% |
| Operating income | −$12.4M | −$16.9M | −$126.8M | −$99.6M | −$50.8M | −$52.8M | −$35.4M |
| Operating margin | −23.3% | −9.0% | −46.9% | −80.9% | −40.0% | −111.6% | −35.5% |
| Net income | −$13.5M | −$15.9M | −$106.6M | −$99.6M | −$50.3M | −$48.6M | −$79.6M |
| Net margin | −25.4% | −8.5% | −39.4% | −80.9% | −39.6% | −102.6% | −79.8% |
| EPS (diluted) | −$2.20 | −$2.30 | −$12.40 | −$9.80 | −$4.35 | −$3.83 | −$5.68 |
| Balance sheet | |||||||
| Cash and equivalents | $7.22M | $32.4M | $102.2M | $44.4M | $25.2M | $11.2M | $21.1M |
| Total assets | — | $71.4M | $243.0M | $134.4M | $123.1M | $89.9M | $111.8M |
| Total liabilities | — | $63.9M | $100.2M | $67.9M | $60.6M | $70.9M | $154.8M |
| Long-term debt | — | $784.0K | $0 | — | $0 | $9.47M | $9.92M |
| Shareholders' equity | −$8.45M | $7.45M | $142.9M | $66.5M | $62.5M | $19.0M | −$43.0M |
| Cash flow | |||||||
| Operating cash flow | −$254.0K | $629.0K | −$132.9M | −$54.5M | −$52.7M | −$34.7M | −$33.4M |
| Capital expenditure | $18.0K | $256.0K | $1.02M | $985.0K | $816.0K | $1.65M | $1.13M |
| Free cash flow | −$272.0K | $373.0K | −$133.9M | −$55.5M | −$53.5M | −$36.3M | −$34.6M |
| Share buybacks | $0 | $0 | $54.2M | $0 | $0 | — | — |
RevenueNet income
| Q3 FY24Sep 2024 | Q4 FY24†Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25†Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 | |
|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||
| Revenue | $10.1M | $13.2M | $20.8M | $20.0M | $26.0M | $32.9M | $17.3M | $26.2M |
| Growth (year over year) | −66.8% | −43.1% | +65.3% | +74.9% | +156.8% | +148.9% | −17.0% | +30.8% |
| Gross profit | −$4.31M | −$3.84M | −$3.45M | −$3.92M | $1.59M | $4.89M | −$1.23M | −$2.23M |
| Gross margin | −42.5% | −29.1% | −16.6% | −19.6% | 6.1% | 14.9% | −7.1% | −8.5% |
| Operating income | −$15.0M | −$13.4M | −$10.6M | −$11.5M | −$7.71M | −$5.66M | −$12.1M | −$13.7M |
| Operating margin | −147.8% | −101.7% | −50.8% | −57.5% | −29.6% | −17.2% | −69.8% | −52.5% |
| Net income | −$15.4M | −$12.2M | −$3.82M | −$15.4M | −$23.9M | −$36.4M | $32.6M | −$27.1M |
| Net margin | −151.5% | −92.7% | −18.4% | −77.2% | −92.0% | −110.7% | 188.8% | −103.7% |
| EPS (diluted) | −$1.21 | −$0.95 | −$0.58 | −$1.18 | −$1.61 | −$2.31 | −$0.72 | −$1.69 |
| Balance sheet | ||||||||
| Cash and equivalents | $8.26M | $11.2M | $5.91M | $3.52M | $24.4M | $21.1M | $5.64M | $10.1M |
| Total assets | $91.7M | $89.9M | $84.1M | $83.0M | $111.5M | $111.8M | $97.8M | $98.1M |
| Total liabilities | $61.3M | $70.9M | $68.5M | $73.9M | $125.3M | $154.8M | $104.0M | $128.4M |
| Long-term debt | — | $9.47M | $10.2M | $10.9M | $16.6M | $9.92M | $12.9M | $0 |
| Shareholders' equity | $30.4M | $19.0M | $15.5M | $9.04M | −$13.7M | −$43.0M | −$6.15M | −$30.3M |
| Cash flow | ||||||||
| Operating cash flow | −$2.37M | −$16.7M | −$8.48M | −$2.30M | −$14.6M | −$8.03M | −$12.8M | $8.29M |
| Capital expenditure | $224.0K | $290.0K | $83.0K | $185.0K | $442.0K | $419.0K | $276.0K | $319.0K |
| Free cash flow | −$2.60M | −$17.0M | −$8.57M | −$2.48M | −$15.1M | −$8.45M | −$13.0M | $7.97M |
From FTC Solar's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →
About FTC Solar
- Headquarters
- Austin, Texas From SEC filings, Oct 2026
Recent News (2)
-
FTC Solar amends credit agreement, defers $5M payment
FTC Solar amends credit agreement, defers $5M payment
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FTC Solar Announces Waiver and Amendment to Credit Agreement AUSTIN, Texas, Oct. 05, 2026 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, announced today that it has entered …
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