FTCI
FTC Solar Inc
NASDAQ: FTCI · TECHNOLOGY · SOLAR
$4.98
+7.33% today
Updated 2026-04-30
Market cap
$78.55M
P/E ratio
—
P/S ratio
0.79x
EPS (TTM)
$-5.68
Dividend yield
—
52W range
$3 – $13
Volume
0.2M
FTC Solar Inc (FTCI) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $53.12M | $187.35M | $270.52M | $123.07M | $127.00M | $47.35M | $99.69M |
| Revenue growth (YoY) | — | +252.7% | +44.4% | -54.5% | +3.2% | -62.7% | +110.5% |
| Cost of revenue | $55.08M | $183.71M | $303.07M | $150.29M | $118.69M | $59.95M | $98.56M |
| Gross profit | $-1.95M | $3.64M | $-32.55M | $-27.23M | $8.31M | $-12.59M | $1.13M |
| Gross margin | -3.7% | 1.9% | -12.0% | -22.1% | 6.5% | -26.6% | 1.1% |
| R&D | $3.96M | $5.22M | $11.54M | $9.95M | $7.17M | $5.92M | $4.39M |
| SG&A | $4.56M | $11.80M | $75.90M | $53.74M | $37.11M | $25.44M | $23.95M |
| Operating income | $-12.37M | $-16.93M | $-126.80M | $-99.57M | $-50.78M | $-52.83M | $-33.41M |
| Operating margin | -23.3% | -9.0% | -46.9% | -80.9% | -40.0% | -111.6% | -33.5% |
| EBITDA | $-11.96M | $-15.60M | $-105.37M | $-97.30M | $-49.00M | $-46.39M | $-32.14M |
| EBITDA margin | -22.5% | -8.3% | -39.0% | -79.1% | -38.6% | -98.0% | -32.2% |
| EBIT | $-12.37M | $-15.64M | $-105.61M | $-98.20M | $-50.38M | $-48.06M | $-33.43M |
| Interest expense | $454000.00 | $364000.00 | $814000.00 | $978000.00 | $253000.00 | $319000.00 | $7.56M |
| Income tax | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-13.49M | $-15.92M | $-106.59M | $-99.61M | $-50.29M | $-48.61M | $-76.92M |
| Net income growth (YoY) | — | -18.0% | -569.4% | +6.5% | +49.5% | +3.3% | -58.3% |
| Profit margin | -25.4% | -8.5% | -39.4% | -80.9% | -39.6% | -102.6% | -77.2% |