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FTC Solar FTCI Service — Revenue

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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+38.1%
Enterprise value$99.09M+47.5%
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 service — revenue?
FTC Solar (FTCI) reported service — revenue of $5.5M in Q1 2026.
How has FTC Solar's service — revenue changed year-over-year?
FTC Solar's service — revenue increased by 111.6% year-over-year, from $2.6M to $5.5M.
What is the long-term trend for FTC Solar's service — revenue?
Over 4 years (2021 to 2025), FTC Solar's service — revenue has grown at a -18.1% compound annual growth rate (CAGR), from $43.13M to $19.38M.
What does service — revenue mean?
This metric represents the total gross revenue generated specifically from the service segment of the business, excluding any pass-through taxes collected from customers. It captures the income derived from value-added engineering, software support, and maintenance services provided to solar installation clients. Monitoring this figure helps investors assess the company's ability to monetize its service-based offerings independently of its core hardware sales.