FTC Solar, Inc. (FTCI) Revenue History
Annual and quarterly revenue from 2019 to 2025
Compound Annual Growth Rate (CAGR)
Loading revenue history...
FTCI Revenue Growth
Revenue Breakdown (FY 2025)
FTCI's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
By Geography
FTCI Revenue Analysis (2019–2025)
As of May 8, 2026, FTC Solar, Inc. (FTCI) generated trailing twelve-month (TTM) revenue of $96.1 million, reflecting significant decline in growth of -17.0% year-over-year. The most recent quarter (Q1 2026) recorded $17.3 million in revenue, down 47.5% sequentially.
Looking at the longer-term picture, FTCI's 5-year compound annual growth rate (CAGR) stands at -11.9%, indicating revenue contraction over this period. The company achieved its highest annual revenue of $270.5 million in 2021.
Revenue diversification analysis shows FTCI's business is primarily driven by Product (81%), and Service (19%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Energy sector peers including ARRY (+13.2% YoY), SHLS (+37.8% YoY), and NXT (+30.0% YoY), FTCI has underperformed the peer group in terms of revenue growth. Compare FTCI vs ARRY →
FTCI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| FTCICurrent | $96M | -17.0% | -11.9% | -33.5% | |
 ARRY | $1.3B | +13.2% | +8.0% | 6.6% | |
 SHLS | $475M | +37.8% | +22.0% | 11.9% | |
 NXT | $3.0B | +30.0% | +20.4% | 21.6% | |
 FSLR | $5.2B | +27.3% | +14.0% | 32.3% | |
 ENPH | $1.5B | -1.6% | +13.7% | 11.2% |
FTCI Historical Revenue Data (2019–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $99.7M | +110.5% | $1.1M | 1.1% | $-33,415,000 | -33.5% |
| 2024 | $47.4M | -62.7% | $-12,594,000 | -26.6% | $-52,830,000 | -111.6% |
| 2023 | $127.0M | +3.2% | $8.3M | 6.5% | $-50,777,000 | -40.0% |
| 2022 | $123.1M | -54.5% | $-27,228,000 | -22.1% | $-99,572,000 | -80.9% |
| 2021 | $270.5M | +44.4% | $-32,545,000 | -12.0% | $-126,804,000 | -46.9% |
| 2020 | $187.4M | +252.7% | $3.6M | 1.9% | $-16,926,000 | -9.0% |
| 2019 | $53.1M | - | $-1,951,000 | -3.7% | $-12,371,000 | -23.3% |
See FTCI's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs FTCI Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare FTCI vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonFTCI — Frequently Asked Questions
Quick answers to the most common questions about buying FTCI stock.
Is FTCI's revenue growth accelerating or slowing?
FTCI revenue declined -17.0% year-over-year, contrasting with the 5-year CAGR of -11.9%. TTM revenue fell to $96M. This reverses the prior growth trend.
What is FTCI's long-term revenue growth rate?
FTC Solar, Inc.'s 5-year revenue CAGR of -11.9% reflects the variable expansion pattern. Current YoY growth of -17.0% is below this long-term average.
How is FTCI's revenue distributed by segment?
FTCI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2019-2025 are available for download. Segment mix reveals concentration and diversification trends.