8-K Announcements
6May 5, 2026·SEC
Mar 24, 2026·SEC
Mar 5, 2026·SEC
FTC Solar, Inc. (FTCI) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant strengths identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
FTC Solar, Inc. (FTCI) stock price & volume — 10-year historical chart
FTC Solar, Inc. (FTCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
FTC Solar, Inc. (FTCI) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.72vs $0.41-75.6% | $17Mvs $24M-28.8% |
| Q2 2026 | Mar 5, 2026 | $2.23vs $0.26-755.8% | $33Mvs $33M+0.2% |
| Q4 2025 | Nov 12, 2025 | $0.36vs $0.50+28.0% | $26Mvs $33M-20.2% |
| Q3 2025 | Aug 5, 2025 | $0.86vs $0.64-34.4% | $20Mvs $21M-5.3% |
FTC Solar, Inc. (FTCI) competitors in Solar racking, trackers and BOS components — business model, growth, and fundamentals comparison
FTC Solar, Inc. (FTCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FTC Solar, Inc. (FTCI) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 53.12M | 187.35M | 270.52M | 123.07M | 127M | 47.35M | 99.69M | 96.15M |
| Revenue Growth % | - | 252.67% | 44.39% | -54.51% | 3.2% | -62.71% | 110.51% | 73.02% |
| Cost of Goods Sold | 55.08M | 183.71M | 303.07M | 150.29M | 118.69M | 59.95M | 98.56M | 92.8M |
| COGS % of Revenue | 103.67% | 98.06% | 112.03% | 122.12% | 93.46% | 126.59% | 98.87% | - |
| Gross Profit | -1.95M▲ 0% | 3.64M▲ 286.5% | -32.55M▼ 994.3% | -27.23M▲ 16.3% | 8.31M▲ 130.5% | -12.59M▼ 251.6% | 1.13M▲ 109.0% | 3.35M▲ 0% |
| Gross Margin % | -3.67% | 1.94% | -12.03% | -22.12% | 6.54% | -26.59% | 1.13% | 3.48% |
| Gross Profit Growth % | - | 286.52% | -994.34% | 16.34% | 130.51% | -251.61% | 108.96% | - |
| Operating Expenses | 10.42M | 20.57M | 94.26M | 72.34M | 59.08M | 40.24M | 34.54M | 38.26M |
| OpEx % of Revenue | 19.61% | 10.98% | 34.84% | 58.78% | 46.52% | 84.97% | 34.65% | - |
| Selling, General & Admin | 6.46M | 15.34M | 82.72M | 62.4M | 51.92M | 34.32M | 30.16M | 33.68M |
| SG&A % of Revenue | 12.16% | 8.19% | 30.58% | 50.7% | 40.88% | 72.48% | 30.25% | - |
| Research & Development | 3.96M | 5.22M | 11.54M | 9.95M | 7.17M | 5.92M | 4.39M | 4.58M |
| R&D % of Revenue | 7.45% | 2.79% | 4.27% | 8.08% | 5.64% | 12.49% | 4.4% | - |
| Other Operating Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Operating Income | -12.37M▲ 0% | -16.93M▼ 36.8% | -126.8M▼ 649.2% | -99.57M▲ 21.5% | -50.78M▲ 49.0% | -52.83M▼ 4.0% | -33.41M▲ 36.7% | -34.91M▲ 0% |
| Operating Margin % | -23.29% | -9.03% | -46.87% | -80.91% | -39.98% | -111.56% | -33.52% | -36.31% |
| Operating Income Growth % | - | -36.82% | -649.17% | 21.48% | 49% | -4.04% | 36.75% | - |
| EBITDA | -11.96M | -16.88M | -126.57M | -98.67M | -49.4M | -51.16M | -32.13M | -33.94M |
| EBITDA Margin % | -22.51% | -9.01% | -46.79% | -80.18% | -38.9% | -108.03% | -32.23% | -35.3% |
| EBITDA Growth % | - | -41.14% | -649.88% | 22.04% | 49.93% | -3.56% | 37.2% | 39.29% |
| D&A (Non-Cash Add-back) | 412K | 47K | 232K | 900K | 1.38M | 1.67M | 1.29M | 973K |
| EBIT | -12.37M | -15.64M | -105.61M | -98.2M | -50.38M | -48.06M | -33.43M | -40.22M |
| Net Interest Income | -454K | -364K | -814K | -978K | -253K | -319K | -7.53M | -6.83M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 23K | 22K |
| Interest Expense | 454K | 364K | 814K | 978K | 253K | 319K | 7.56M | 2.95M |
| Other Income/Expense | -1.16M | 919K | 20.38M | 394K | 149K | 4.45M | -42.98M | -5.12M |
| Pretax Income | -13.53M▲ 0% | -16.01M▼ 18.3% | -106.42M▼ 564.8% | -99.18M▲ 6.8% | -50.63M▲ 49.0% | -48.38M▲ 4.4% | -76.4M▼ 57.9% | -40.04M▲ 0% |
| Pretax Margin % | -25.48% | -8.54% | -39.34% | -80.59% | -39.86% | -102.16% | -76.64% | -41.64% |
| Income Tax | -39K | -83K | 169K | 435K | -338K | 230K | 525K | 76K |
| Effective Tax Rate % | 0.29% | 0.52% | -0.16% | -0.44% | 0.67% | -0.48% | -0.69% | -0.19% |
| Net Income | -13.49M▲ 0% | -15.92M▼ 18.0% | -106.59M▼ 569.4% | -99.61M▲ 6.5% | -50.29M▲ 49.5% | -48.61M▲ 3.3% | -76.92M▼ 58.3% | -40.5M▲ 0% |
| Net Margin % | -25.4% | -8.5% | -39.4% | -80.94% | -39.6% | -102.64% | -77.16% | -42.13% |
| Net Income Growth % | - | -18% | -569.36% | 6.54% | 49.51% | 3.35% | -58.25% | 7.22% |
| Net Income (Continuing) | -13.49M | -15.92M | -106.59M | -99.61M | -50.29M | -48.61M | -76.92M | -40.5M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.16▲ 0% | -0.20▼ 25.0% | -12.39▼ 6095.0% | -9.82▲ 20.7% | -4.35▲ 55.7% | -3.83▲ 12.0% | -5.49▼ 43.3% | -1.81▲ 0% |
| EPS Growth % | - | -25% | -6095% | 20.74% | 55.7% | 11.95% | -43.34% | -54.72% |
| EPS (Basic) | -0.16 | -0.20 | -12.39 | -9.82 | -4.35 | -3.83 | -5.49 | - |
| Diluted Shares Outstanding | 8.22M | 8.51M | 8.6M | 10.14M | 11.55M | 12.68M | 14.01M | 22.4M |
| Basic Shares Outstanding | 8.22M | 8.51M | 8.6M | 10.14M | 11.55M | 12.68M | 14.01M | 15.57M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - |
FTC Solar, Inc. (FTCI) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 30.64M | 64.72M | 235.78M | 118.69M | 108.51M | 76.13M | 97.77M | 83.82M |
| Cash & Short-Term Investments | 7.22M | 33.37M | 102.19M | 44.38M | 25.23M | 11.25M | 21.11M | 5.64M |
| Cash Only | 7.22M | 33.37M | 102.19M | 44.38M | 25.23M | 11.25M | 21.11M | 5.64M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 14.05M | 23.73M | 107.55M | 49.05M | 65.28M | 39.71M | 55.74M | 56.39M |
| Days Sales Outstanding | 96.52 | 46.24 | 145.11 | 145.48 | 187.61 | 306.07 | 204.1 | 196.43 |
| Inventory | 4.5M | 5.89M | 8.86M | 14.95M | 3.9M | 10.14M | 9.63M | 9.43M |
| Days Inventory Outstanding | 29.86 | 11.7 | 10.67 | 36.3 | 12.01 | 61.76 | 35.65 | 33.45 |
| Other Current Assets | 2.92M | 684K | 1.52M | 1.51M | 6.2M | 4.4M | 11.29M | 12.37M |
| Total Non-Current Assets | 3.19M | 6.67M | 7.24M | 15.71M | 14.56M | 13.8M | 14.04M | 14.03M |
| Property, Plant & Equipment | 43K | 571K | 3.31M | 2.86M | 3.64M | 3.37M | 4.78M | 4.59M |
| Fixed Asset Turnover | 1235.44x | 328.11x | 81.61x | 43.09x | 34.87x | 14.07x | 20.87x | 24.84x |
| Goodwill | 0 | 0 | 0 | 7.54M | 7.35M | 7.14M | 7.44M | 7.53M |
| Intangible Assets | 33K | 0 | 0 | 1.11M | 542K | 0 | 0 | 0 |
| Long-Term Investments | 2.58M | 1.86M | 0 | 0 | 240K | 954K | 0 | 391K |
| Other Non-Current Assets | 579K | 4.24M | 3.93M | 4.2M | 2.79M | 2.34M | 1.82M | 10.24M |
| Total Assets | 33.83M▲ 0% | 71.39M▲ 111.0% | 243.02M▲ 240.4% | 134.4M▼ 44.7% | 123.07M▼ 8.4% | 89.93M▼ 26.9% | 111.81M▲ 24.3% | 97.85M▲ 0% |
| Asset Turnover | 1.57x | 2.62x | 1.11x | 0.92x | 1.03x | 0.53x | 0.89x | 0.95x |
| Asset Growth % | - | 111.03% | 240.4% | -44.7% | -8.43% | -26.93% | 24.34% | 45.03% |
| Total Current Liabilities | 33.72M | 59.81M | 93.25M | 60.34M | 54.66M | 49.07M | 75.49M | 63.45M |
| Accounts Payable | 8.19M | 17.13M | 39.26M | 15.8M | 7.98M | 12.99M | 13.25M | 11.62M |
| Days Payables Outstanding | 54.28 | 34.03 | 47.29 | 38.37 | 24.54 | 79.12 | 49.06 | 58.06 |
| Short-Term Debt | 11K | 1.24M | 0 | 0 | 0 | 0 | 33.33M | 9.71M |
| Deferred Revenue (Current) | 19.87M | 22.98M | 1.42M | 11.32M | 3.61M | 5.31M | 7.17M | 17.91M |
| Other Current Liabilities | 5.47M | 15.59M | 5.01M | 12.69M | 38.39M | 30.02M | 21.11M | 48.9M |
| Current Ratio | 0.91x | 1.08x | 2.53x | 1.97x | 1.98x | 1.55x | 1.30x | 1.30x |
| Quick Ratio | 0.77x | 0.98x | 2.43x | 1.72x | 1.91x | 1.34x | 1.17x | 1.17x |
| Cash Conversion Cycle | 72.09 | 23.92 | 108.49 | 143.41 | 175.08 | 288.71 | 190.69 | 171.83 |
| Total Non-Current Liabilities | 8.55M | 4.13M | 6.91M | 7.61M | 5.93M | 21.82M | 76.62M | 40.55M |
| Long-Term Debt | 7.83M | 784K | 0 | 0 | 0 | 9.47M | 0 | 13.32M |
| Capital Lease Obligations | 27K | 355K | 1.34M | 786K | 1.12M | 411K | 553K | 436K |
| Deferred Tax Liabilities | 3K | 0 | 0 | 0 | 0 | 0 | 0 | 178K |
| Other Non-Current Liabilities | 688K | 2.99M | 5.57M | 6.82M | 4.81M | 11.94M | 76.07M | 154.96M |
| Total Liabilities | 42.27M | 63.94M | 100.15M | 67.95M | 60.6M | 70.89M | 152.11M | 104M |
| Total Debt | 7.83M | 2.38M | 1.79M | 1.2M | 1.86M | 10.63M | 33.88M | 23.03M |
| Net Debt | 612K | -30.99M | -100.39M | -43.18M | -23.37M | -615K | 12.78M | 17.39M |
| Debt / Equity | - | 0.32x | 0.01x | 0.02x | 0.03x | 0.56x | - | -3.75x |
| Debt / EBITDA | - | - | - | - | - | - | - | -0.68x |
| Net Debt / EBITDA | - | - | - | - | - | - | - | -0.51x |
| Interest Coverage | -27.25x | -42.98x | -129.74x | -100.41x | -199.11x | -150.65x | -4.42x | -13.63x |
| Total Equity | -8.45M▲ 0% | 7.45M▲ 188.2% | 142.87M▲ 1817.4% | 66.45M▼ 53.5% | 62.47M▼ 6.0% | 19.04M▼ 69.5% | -40.3M▼ 311.7% | -6.15M▲ 0% |
| Equity Growth % | - | 188.23% | 1817.41% | -53.49% | -5.99% | -69.53% | -311.71% | -676.04% |
| Book Value per Share | -1.03 | 0.88 | 16.60 | 6.55 | 5.41 | 1.50 | -2.88 | -0.27 |
| Total Shareholders' Equity | -8.45M | 7.45M | 142.87M | 66.45M | 62.47M | 19.04M | -40.3M | -6.15M |
| Common Stock | 1K | 1K | 9K | 11K | 13K | 1K | 2K | 2K |
| Retained Earnings | -26.72M | -42.64M | -149.23M | -248.84M | -299.13M | -347.74M | -424.66M | -394.72M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | -3K | 7K | -61K | -293K | -542K | -290K | -191K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
FTC Solar, Inc. (FTCI) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -254K | 629K | -132.85M | -54.51M | -52.66M | -34.7M | -33.44M | -33.44M |
| Operating CF Margin % | -0.48% | 0.34% | -49.11% | -44.29% | -41.46% | -73.27% | -33.55% | - |
| Operating CF Growth % | - | 347.64% | -21221.46% | 58.97% | 3.4% | 34.1% | 3.62% | -476.23% |
| Net Income | -13.49M | -15.92M | -106.59M | -99.61M | -50.29M | -48.61M | -76.92M | -40.5M |
| Depreciation & Amortization | 412K | 47K | 232K | 900K | 1.38M | 1.67M | 1.27M | 1.34M |
| Stock-Based Compensation | 906K | 1.82M | 61.77M | 20.3M | 8.29M | 0 | 4.96M | 6.89M |
| Deferred Taxes | -3K | -3K | -12.68M | -135K | 138K | 83K | 221K | -27K |
| Other Non-Cash Items | 3.01M | 5.34M | -402K | 14.74M | 12.55M | 12.68M | 47.98M | 5.16M |
| Working Capital Changes | 8.91M | 9.35M | -75.18M | 9.29M | -24.73M | -530K | -10.96M | -10.59M |
| Change in Receivables | -13.84M | -9.71M | -83.72M | 57.34M | -23.6M | 23.5M | -10.19M | -6.4M |
| Change in Inventory | -4.5M | 2.82M | -7.26M | -7.9M | 10.34M | -6.42M | 1.43M | -1.88M |
| Change in Payables | 7.78M | 10.08M | 21.66M | -22.94M | -7.96M | 4.96M | -4.51M | -7.83M |
| Cash from Investing | -18K | 1.87M | 21.31M | -4.25M | -397K | 6.26M | 2.8M | -599K |
| Capital Expenditures | -18K | -256K | -1.02M | -985K | -816K | -1.65M | -1.13M | -1.32M |
| CapEx % of Revenue | 0.03% | 0.14% | 0.38% | 0.8% | 0.64% | 3.47% | 1.13% | - |
| Acquisitions | 0 | 2.12M | 22.33M | -3.35M | 419K | 0 | 580K | 583K |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 0 | 22.33M | 86K | 0 | 900K | 3.35M | 140K |
| Cash from Financing | 7M | 22.64M | 180.37M | 903K | 33.95M | 14.5M | 40.4M | 37.98M |
| Debt Issued (Net) | 1M | -6.22M | -1M | 0 | 0 | 14.49M | 35.8M | 35.74M |
| Equity Issued (Net) | 6M | 30M | 187M | 0 | 34.01M | 8K | 4.6M | 4.6M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | -54.16M | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | -1.14M | -5.63M | 903K | -57K | 0 | 0 | -2.36M |
| Net Change in Cash | 6.73M▲ 0% | 25.14M▲ 273.6% | 68.81M▲ 173.7% | -57.8M▼ 184.0% | -19.15M▲ 66.9% | -13.99M▲ 27.0% | 9.86M▲ 170.5% | -270K▲ 0% |
| Free Cash Flow | -272K▲ 0% | 373K▲ 237.1% | -133.88M▼ 35992.5% | -55.49M▲ 58.5% | -53.47M▲ 3.6% | -36.34M▲ 32.0% | -34.57M▲ 4.9% | -39.05M▲ 0% |
| FCF Margin % | -0.51% | 0.2% | -49.49% | -45.09% | -42.1% | -76.75% | -34.68% | -40.62% |
| FCF Growth % | - | 237.13% | -35992.49% | 58.55% | 3.65% | 32.03% | 4.87% | -19.72% |
| FCF per Share | -0.03 | 0.04 | -15.56 | -5.47 | -4.63 | -2.87 | -2.47 | -2.47 |
| FCF Conversion (FCF/Net Income) | 0.02x | -0.04x | 1.25x | 0.55x | 1.05x | 0.71x | 0.43x | 0.96x |
| Interest Paid | 0 | 350K | 461K | 784K | 576K | 0 | 0 | 6K |
| Taxes Paid | 0 | 0 | 76K | 123K | 177K | 0 | 0 | 5K |
FTC Solar, Inc. (FTCI) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -213.72% | -141.82% | -95.18% | -78.02% | -119.27% | - | 316.79% |
| Return on Invested Capital (ROIC) | - | -1004.68% | -227.19% | -122.12% | -137.77% | - | 343.08% |
| Gross Margin | 1.94% | -12.03% | -22.12% | 6.54% | -26.59% | 1.13% | 3.48% |
| Net Margin | -8.5% | -39.4% | -80.94% | -39.6% | -102.64% | -77.16% | -42.13% |
| Debt / Equity | 0.32x | 0.01x | 0.02x | 0.03x | 0.56x | - | -3.75x |
| Interest Coverage | -42.98x | -129.74x | -100.41x | -199.11x | -150.65x | -4.42x | -13.63x |
| FCF Conversion | -0.04x | 1.25x | 0.55x | 1.05x | 0.71x | 0.43x | 0.96x |
| Revenue Growth | 252.67% | 44.39% | -54.51% | 3.2% | -62.71% | 110.51% | 73.02% |
FTC Solar, Inc. (FTCI) SEC filings — annual & quarterly reports (10-K, 10-Q)
May 5, 2026·SEC
Mar 24, 2026·SEC
Mar 5, 2026·SEC
FTC Solar, Inc. (FTCI) stock FAQ — growth, dividends, profitability & financials explained
FTC Solar, Inc. (FTCI) reported $96.1M in revenue for fiscal year 2025. This represents a 81% increase from $53.1M in 2019.
FTC Solar, Inc. (FTCI) grew revenue by 110.5% over the past year. This is strong growth.
FTC Solar, Inc. (FTCI) reported a net loss of $40.5M for fiscal year 2025.
FTC Solar, Inc. (FTCI) had negative free cash flow of $39.1M in fiscal year 2025, likely due to heavy capital investments.
FTC Solar, Inc. (FTCI) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates