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FTC Solar

FTCI

FTC Solar is a global provider of advanced solar tracker systems, proprietary software, and engineering services designed to optimize energy production for utility-scale and distributed generation projects.

Market cap
$85.95M+26.8%
Revenue$96.1M+73.0%
Net income-$43.2M+1.1%
Free cash flow-$39.1M-19.7%
EPS (diluted)-$6.02-62.3%
Trailing twelve months · change vs. prior year

Earnings

Next report

Aug 4, 2026 (In 3 weeks)
Revenue estimate$24.4M
EPS estimate-$0.49

Financials

Q1 2026

Income statement

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Revenue$17.3M-17.0%
Gross profit-$1.2M+64.4%
Operating income-$12.1M-14.2%
Net income$32.6M+954%
EPS (diluted)-$0.72-24.1%

Balance sheet

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Cash & equivalents$5.6M-4.6%
Total debt$23.4M+110%
Total equity-$6.1M-140%
Total assets$97.8M+16.4%

Cash flow

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Operating cash flow-$12.8M-50.6%
CapEx$276.0K+233%
Free cash flow-$13.0M-52.3%

Valuation & ratios

Valuation

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Market cap$85.95M+26.8%
Enterprise value$103.73M+40.2%
P/S0.9×-0.1×

Profitability

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Operating margin-38.4%-14.1pp
Net margin-44.9%-13.5pp
FCF margin-40.6%-9.6pp

Returns & leverage

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Current ratio1.3×-0.1×

Segments

By product

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Service$5.5M+112%

Competitors

Profile

FTC Solar is a global provider of advanced solar tracker systems, proprietary software, and engineering services designed to optimize energy production for utility-scale and distributed generation projects. The company's core value proposition centers on reducing solar installation costs and improving energy yields through innovative hardware designs and real-time operations management software.

Competitive position

A specialized provider in the solar tracker market, competing on product performance, total cost of ownership, and technological innovation in terrain-adaptive tracking.

GeographiesUnited States, Australia, India, China, Spain, South Africa, Middle East, North Africa
Customer segmentsUtility-scale solar, Distributed generation
Business modelManufacturing, Subscription SaaS, Professional Services
SuppliersSteel producers, Contract manufacturing partners, Raw material suppliers, Logistics and freight providers
CustomersUtility-scale solar developers, EPC contractors, Independent power producers
Listed2021
Employees213.0
CEOYann Brandt
SectorEnergy
IndustrySolar
FilingsSEC EDGAR

Questions, answered.

What is FTC Solar's market cap?
FTC Solar (FTCI) has a market capitalization of $85.9M and trades on NASDAQ.
What is FTC Solar's revenue and profitability?
FTC Solar generated $96.1M in trailing twelve-month revenue with a net loss of $43.2M, representing a net margin of -44.9%. Gross margin stands at -12.0%, with free cash flow of -$39.1M. These figures are based on the Q1 2026 filing.
Who are FTC Solar's competitors?
FTC Solar's key competitors include Nextracker Inc., Array Technologies, Inc., SolarEdge Technologies, Inc., and others. These companies compete in similar markets and product categories.
Who does FTC Solar partner with?
FTC Solar's notable partners include Acquiom Agency Services LLC, Taihua New Energy (Thailand) Co. LTD..
What subsidiaries does FTC Solar have?
FTC Solar's subsidiaries include Alpha Steel LLC.
Where is FTC Solar headquartered?
FTC Solar is headquartered in United States of America and employs approximately 213 people. It has been publicly traded since 2021.