FTC Solar, Inc. (FTCI)
NASDAQ: FTCI · Real-Time Price · USD
2.600
-0.030 (-1.15%)
Jul 31, 2026, 12:19 PM EDT - Market open

FTC Solar Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
96.1599.6947.36127123.07270.53
Revenue Growth
73.02%110.51%-62.71%3.20%-54.51%44.39%
Gross Profit
1.34-0.88-12.598.31-27.23-32.55
Operating Income
-36.92-35.42-52.83-50.78-99.57-126.8
Net Income
-43.16-79.58-48.61-50.29-99.61-106.59
Earnings Per Share
-5.74-5.68-3.83-4.35-9.80-12.40
EPS Growth
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Revenue by Geography

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States
98.2442.25119.9897.99270.11
Australia
1.454.37724.850.42
ALL Other
-0.730.020.23-
Total
99.6947.36127123.07270.53

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
5.6421.1111.2525.2444.39102.19
Total Debt
23.0323.169.881.120.791.34
Net Cash (Debt)
-17.4-2.051.3724.1143.6100.85
Net Cash Growth
---94.32%-44.70%-56.77%233.70%
Net Cash Per Share
-1.06-0.150.112.094.3011.72

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-37.73-33.44-34.7-52.66-54.51-132.85
Capital Expenditures
-1.32-1.13-1.65-0.82-0.99-1.03
Free Cash Flow
-39.06-34.57-36.34-53.47-55.5-133.88
Free Cash Flow Growth
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Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
1.39%-0.88%-26.59%6.54%-22.12%-12.03%
Operating Margin
-38.40%-35.53%-111.56%-39.98%-80.91%-46.87%
Pretax Margin
-44.40%-79.30%-102.16%-39.86%-80.59%-39.34%
Profit Margin
-44.32%-78.77%-101.67%-40.13%-80.24%-39.28%
FCF Margin
-40.62%-34.68%-76.75%-42.10%-45.09%-49.49%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJul '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Forward PE
-124.83124.83124.83124.83124.83
PS Ratio
0.441.701.500.632.292.59