FTC Solar, Inc. (FTCI)
NASDAQ: FTCI · Real-Time Price · USD
2.670
+0.040 (1.52%)
Jul 31, 2026, 1:28 PM EDT - Market open
FTC Solar Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
| 96.15 | 99.69 | 47.36 | 127 | 123.07 | 270.53 | |
Revenue Growth | 73.02% | 110.51% | -62.71% | 3.20% | -54.51% | 44.39% |
Cost of Revenue | 94.81 | 100.57 | 59.95 | 118.7 | 150.29 | 303.07 |
Gross Profit | 1.34 | -0.88 | -12.59 | 8.31 | -27.23 | -32.55 |
Selling, General & Admin | 33.68 | 30.16 | 34.32 | 51.92 | 62.4 | 82.72 |
Research & Development | 4.58 | 4.39 | 5.92 | 7.17 | 9.95 | 11.54 |
Total Operating Expenses | 38.26 | 34.54 | 40.24 | 59.08 | 72.34 | 94.26 |
Operating Income | -36.92 | -35.42 | -52.83 | -50.78 | -99.57 | -126.8 |
Interest Income | 1.69 | 1.57 | -0.74 | -0.66 | - | -0.35 |
Interest Expense | -11.39 | -8.21 | -0.67 | -0.25 | -0.98 | -0.81 |
Other Non-Operating Income (Expense) | 3.59 | -37 | 5.86 | 1.06 | 1.37 | 21.55 |
Total Non-Operating Income (Expense) | -6.12 | -43.63 | 4.45 | 0.15 | 0.39 | 20.38 |
Pretax Income | -42.69 | -79.05 | -48.38 | -50.63 | -99.18 | -106.42 |
Provision for Income Taxes | -0.08 | -0.53 | -0.23 | 0.34 | -0.44 | -0.17 |
Net Income | -42.61 | -78.53 | -48.15 | -50.97 | -98.74 | -106.25 |
Net Income to Common | -43.16 | -79.58 | -48.61 | -50.29 | -99.61 | -106.59 |
Net Income Growth | - | - | - | - | - | - |
Shares Outstanding (Basic) | 15 | 14 | 13 | 12 | 10 | 9 |
Shares Outstanding (Diluted) | 16 | 14 | 13 | 12 | 10 | 9 |
Shares Change | 24.28% | 10.54% | 9.70% | 13.94% | 17.86% | 25.04% |
EPS (Basic) | -2.93 | -5.68 | -3.83 | -4.35 | -9.80 | -12.40 |
EPS (Diluted) | -5.74 | -5.68 | -3.83 | -4.35 | -9.80 | -12.40 |
EPS Growth | - | - | - | - | - | - |
Free Cash Flow | -39.06 | -34.57 | -36.34 | -53.47 | -55.5 | -133.88 |
Free Cash Flow Growth | - | - | - | - | - | - |
Free Cash Flow Per Share | -2.38 | -2.47 | -2.87 | -4.63 | -5.47 | -15.56 |
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% |
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% |
EBITDA | -35.58 | -34.15 | -51.16 | -42.48 | -98.67 | -126.57 |
EBITDA Margin | -37.01% | -34.26% | -108.03% | -33.45% | -80.18% | -46.79% |
EBIT | -36.92 | -35.42 | -52.83 | -50.78 | -99.57 | -126.8 |
EBIT Margin | -38.40% | -35.53% | -111.56% | -39.98% | -80.91% | -46.87% |
Effective Tax Rate | 0.19% | 0.66% | 0.48% | -0.67% | 0.44% | 0.16% |