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FTC Solar FTCI Product — Cost of Goods Sold

Other product segments

Service
$4.68M+13.2%

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Other financials

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

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Market cap$81.31M+35.9%
Enterprise value$99.09M+45.6%
P/S0.9×-0.1×

Profitability

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Gross margin-12%-1.5pp
Operating margin-38.4%-14.1pp
Net margin-44.9%-13.5pp
FCF margin-40.6%-9.6pp

Returns & leverage

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Return on equity-175.8%-1,003pp
Debt / equity1.3×+1.3×
Current ratio1.3×-0.1×

Where this comes from

Reported directly by FTC Solar in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: FTC Solar’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTC Solar's product — cost of goods sold?
FTC Solar (FTCI) reported product — cost of goods sold of $13.81M in Q1 2026.
How has FTC Solar's product — cost of goods sold changed year-over-year?
FTC Solar's product — cost of goods sold decreased by 31.3% year-over-year, from $20.11M to $13.81M.
What is the long-term trend for FTC Solar's product — cost of goods sold?
Over 4 years (2021 to 2025), FTC Solar's product — cost of goods sold has grown at a -24.8% compound annual growth rate (CAGR), from $239.16M to $76.4M.
What does product — cost of goods sold mean?
This metric captures the direct costs associated with the manufacturing, procurement, and delivery of solar tracker hardware and integrated mounting solutions. It includes expenses such as raw materials, direct labor, and manufacturing overhead directly attributable to the product segment. Monitoring this figure is essential for evaluating the company's production efficiency and the direct profitability of its hardware offerings.