What is FTC Solar's gross profit?

FTC Solar (FTCI) reported gross profit of -$1.23M in Q1 2026.

How has FTC Solar's gross profit changed year-over-year?

FTC Solar's gross profit increased by 64.4% year-over-year, from -$3.45M to -$1.23M.

What is the long-term trend for FTC Solar's gross profit?

Over 3 years (2021 to 2024), FTC Solar's gross profit has grown at a -27.1% compound annual growth rate (CAGR), from -$32.55M to -$12.59M.

What does gross profit mean?

Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

FTC Solar FTCI Gross Profit

Gross Profit at other companies

Array Technologies, Inc.ARRY

$63M-17.6%

Nextpower Inc. NXT

$297.38M-2.7%

Shoals Technologies Group, Inc.SHLS

$41.01M+45.7%

SolarEdge TechnologiesSEDG

$68.28M+289%

StemSTEM

$10.86M+3.0%

First SolarFSLR

$486.13M+41.2%

Other financials

Income statement

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Revenue$17.3M-17.0%

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

See full

Return on equity-175.8%-1,003pp

Debt / equity1.3×+1.3×

Current ratio1.3×-0.1×

Where this comes from

Calculated from FTC Solar’s reported figures.

$17.3Mtotal revenue−$18.5Mtotal cost of revenue=-$1.23M

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 gross profit?: FTC Solar (FTCI) reported gross profit of -$1.23M in Q1 2026.
How has FTC Solar's gross profit changed year-over-year?: FTC Solar's gross profit increased by 64.4% year-over-year, from -$3.45M to -$1.23M.
What is the long-term trend for FTC Solar's gross profit?: Over 3 years (2021 to 2024), FTC Solar's gross profit has grown at a -27.1% compound annual growth rate (CAGR), from -$32.55M to -$12.59M.
What does gross profit mean?: Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.