FTC Solar, Inc. (FTCI)
NASDAQ: FTCI · Real-Time Price · USD
1.540
-0.050 (-3.14%)
At close: Nov 10, 2026, 4:00 PM EST
1.490
-0.050 (-3.25%)
After-hours: Nov 10, 2026, 5:28 PM EST
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 | Sep '26 Sep 30, 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 |
| 109.1 | 99.69 | 47.36 | 127 | 123.07 | 270.53 | |
Revenue Growth | 36.32% | 110.51% | -62.71% | 3.20% | -54.51% | 44.39% |
Cost of Revenue | 105.73 | 100.53 | 59.88 | 118.44 | 150.15 | 303.07 |
Gross Profit | 3.37 | -0.85 | -12.52 | 8.56 | -27.08 | -32.55 |
Selling, General & Admin | 37.89 | 30.09 | 33.88 | 47.94 | 62.26 | 82.76 |
Research & Development | 4.25 | 4.31 | 5.79 | 6.97 | 9.79 | 11.5 |
Operating Expenses | 42.14 | 34.4 | 39.67 | 54.91 | 72.05 | 94.26 |
Operating Income | -38.77 | -35.25 | -52.19 | -46.36 | -99.13 | -126.8 |
Interest Expense | -17.3 | -8.21 | -0.67 | -1.25 | -1.38 | -0.81 |
Interest & Investment Income | 0.12 | 0.02 | 0.35 | 1 | 0.4 | - |
Other Non Operating Income (Expenses) | 33.15 | -40.55 | -3.85 | -0.26 | -0.37 | -0.07 |
EBT Excluding Unusual Items | -24.15 | -83.98 | -56.37 | -46.87 | -100.48 | -127.69 |
Merger & Restructuring Charges | -0.18 | -0.18 | -0.64 | -4.42 | -0.44 | - |
Gain (Loss) on Sale of Investments | - | 3.2 | 8.81 | 1.32 | 1.75 | 20.83 |
Gain (Loss) on Sale of Assets | 0.03 | 0.14 | 0.91 | - | - | - |
Other Unusual Items | -0.66 | 0.2 | - | - | - | 0.79 |
Pretax Income | -24.95 | -80.6 | -47.29 | -49.97 | -99.18 | -106.07 |
Income Tax Expense | 0.81 | 0.53 | 0.23 | -0.34 | 0.44 | 0.17 |
Earnings From Continuing Operations | -25.76 | -81.13 | -47.52 | -49.63 | -99.61 | -106.24 |
Minority Interest in Earnings | 1.55 | 1.55 | -1.09 | -0.66 | - | -0.35 |
Net Income | -24.21 | -79.58 | -48.61 | -50.29 | -99.61 | -106.59 |
Net Income to Common | -24.21 | -79.58 | -48.61 | -50.29 | -99.61 | -106.59 |
Net Income Growth | - | - | - | - | - | - |
Shares Outstanding (Basic) | 16 | 14 | 13 | 12 | 10 | 9 |
Shares Outstanding (Diluted) | 16 | 14 | 13 | 12 | 10 | 9 |
Shares Change | 18.94% | 10.54% | 9.70% | 13.94% | 17.86% | 25.04% |
EPS (Basic) | -1.52 | -5.68 | -3.83 | -4.35 | -9.82 | -12.39 |
EPS (Diluted) | -5.23 | -5.68 | -3.83 | -4.35 | -9.82 | -12.40 |
EPS Growth | - | - | - | - | - | - |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Free Cash Flow | -8.17 | -34.57 | -36.34 | -53.47 | -55.5 | -133.88 |
Free Cash Flow Per Share | -0.51 | -2.47 | -2.87 | -4.63 | -5.47 | -15.56 |
Gross Margin | 3.08% | -0.85% | -26.45% | 6.74% | -22.01% | -12.03% |
Operating Margin | -35.54% | -35.36% | -110.21% | -36.50% | -80.55% | -46.87% |
Profit Margin | -22.19% | -79.83% | -102.64% | -39.60% | -80.94% | -39.40% |
Free Cash Flow Margin | -7.49% | -34.68% | -76.75% | -42.10% | -45.09% | -49.49% |
EBITDA | -37.38 | -34.21 | -50.77 | -45.65 | -98.62 | -126.63 |
EBITDA Margin | -34.27% | -34.32% | -107.21% | -35.94% | -80.13% | -46.81% |
D&A For EBITDA | 1.39 | 1.04 | 1.42 | 0.71 | 0.52 | 0.17 |
EBIT | -38.77 | -35.25 | -52.19 | -46.36 | -99.13 | -126.8 |
EBIT Margin | -35.54% | -35.36% | -110.21% | -36.50% | -80.55% | -46.87% |
Revenue as Reported | 109.1 | 99.69 | 47.36 | 127 | 123.07 | 270.53 |