What is FTC Solar's revenue?

FTC Solar (FTCI) generated $96.1M in revenue over the trailing twelve months, up 73.0% year over year.

Is FTC Solar profitable?

FTC Solar is not currently profitable: it reported a net loss of $43.2M over the trailing twelve months, a -44.9% net margin.

What are FTC Solar's profit margins?

Gross margin is -12.0% and operating margin is -38.4%, with a -44.9% net margin.

What is FTC Solar's earnings per share?

FTC Solar's diluted EPS over the trailing twelve months is $-6.02.

Where does FTC Solar's income statement data come from?

Every line is extracted from FTC Solar's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

FTC Solar FTCI Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total interest income	$22K-87.1%	$23K-93.4%	$26K—	$58K—	$171K—
Total revenue	$96.15M+73.0%	$99.69M+111%	$80.03M+39.5%	$64.13M-17.5%	$55.57M-43.7%
Total cost of revenue	$94.81M+36.4%	$100.57M+67.8%	$89.64M+37.0%	$79.64M+1.9%	$69.5M-26.5%
Gross profit	——	——	-$9.61M-19.1%	-$15.51M-3,981%	-$13.93M-435%
Research and development	$4.58M-15.2%	$4.39M-25.8%	$4.76M-19.3%	$4.99M-21.3%	$5.4M-19.2%
Selling and marketing	$6.78M-11.1%	$6.2M-30.2%	$6.15M-47.7%	$6.88M-56.1%	$7.63M-50.7%
General and administrative	$26.9M+12.4%	$23.96M-5.8%	$22.68M-10.8%	$23.08M-23.2%	$23.93M-27.2%
Compensation and benefits	——	——	——	——	——
Occupancy and equipment	——	——	——	——	——
Depreciation and amortization	$1.34M-14.7%	$1.28M-23.7%	$1.34M-16.3%	$1.47M-3.6%	$1.57M+8.6%
Provision for credit losses	——	——	——	——	——
Goodwill impairment	——	——	$0—	$0—	$0—
Other operating expenses	$38.26M+3.5%	$34.54M-14.1%	$33.58M-22.0%	$34.95M-32.9%	$36.96M-32.9%
Total operating expenses	$38.26M+3.5%	$34.54M-14.1%	$33.58M-22.0%	$34.95M-32.9%	$36.96M-32.9%
Operating income	-$36.92M+27.4%	-$35.42M+32.9%	-$43.19M+15.5%	-$50.46M+3.8%	-$50.89M0.0%
Operating margin	-38.4%+53.2pp	-35.5%+76.0pp	-54%+35.2pp	-78.7%-11.3pp	-91.6%-40.0pp
Interest expense	$11.39M+976%	$8.21M+1,134%	$3.65M—	$1.67M—	$1.06M—
Other income (expense), net	$137K-68.6%	$140K-70.1%	$456K+274%	$514K+2,548%	$436K+381%
Income from equity method investments	$1.66M+278%	$1.55M+243%	$1.03M+194%	-$1.14M+2.8%	-$933K-0.9%
Income before income taxes	-$42.69M+1.1%	-$79.05M-63.4%	-$55.15M-15.5%	-$46.37M+6.2%	-$43.16M+9.7%
Income tax expense	$466K—	$525K—	——	——	——
Net income	-$43.16M+1.1%	-$79.58M-63.7%	-$55.42M-16.6%	-$46.84M+4.6%	-$43.65M+7.7%
Net margin	-44.9%+33.7pp	-79.8%+22.8pp	-69.3%+13.6pp	-73%-9.9pp	-78.6%-30.6pp
Diluted earnings per share	-$6.02-62.3%	-$5.88-53.5%	-$4.32+37.2%	-$3.92+32.5%	-$3.71+24.7%
Basic earnings per share	-$3.21+6.4%	-$5.60-46.2%	-$4.04+41.3%	-$3.64+37.3%	-$3.43+30.4%
Weighted-average shares, diluted	64.4M+22.4%	56.6M+11.9%	55.3M+11.7%	53.1M-66.1%	52.6M-79.5%
Weighted-average shares, basic	57.6M+13.1%	54.9M+8.5%	53.6M+8.3%	51.4M-67.2%	50.9M-80.2%
Other expenses	——	——	——	——	——
Accounts Receivable Allowance For Credit Loss Expense Reversal	——	——	——	——	——
Share-based compensation expense related to employee stock plans	——	——	——	——	——
Equity issuance costs	——	——	——	——	——
Pre-tax stock-based compensation cost	——	——	——	——	——
Amortization Of Financing Costs	$5.79M+1,660%	$3.8M+1,184%	$1.45M+250%	$487K-17.5%	$329K-53.6%
Stock options excluded as their inclusion would be anti-dilutive (in shares)	——	——	——	——	——
Bargain Purchase Gain	——	——	——	——	——
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	——	——	——	——	——
Cash Paid During The Period For Third Party Interest	——	——	——	——	——
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	-$42.84M+2.0%	-$79.33M-62.4%	-$55.59M-17.6%	-$46.84M+4.6%	-$43.69M+8.4%
Deferred taxes	——	——	——	——	——
Deferred Revenue Revenue Recognized1	——	——	——	$8.1M—	$7.1M—
Depreciation	——	——	——	——	——
Effect of exchange rate changes on cash, cash equivalents and restricted cash	——	——	——	——	——
Income taxes at U.S. statutory rate of 21%	——	——	——	——	——
Compensation and employee benefits	——	——	——	——	——
Equity Method Investment Realized Gain Loss On Disposal	$0-100%	$3.2M-63.6%	$7.93M+75.9%	$7.93M+75.9%	$7.93M+75.9%
Foreign Currency Translation and Other Adjustments	——	——	——	——	——
Goodwill impairment losses	——	——	$0—	$0—	$0—
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions	$1.66M+278%	$1.55M+243%	$1.03M+194%	-$1.14M+2.8%	-$933K-0.9%
Income taxes paid	——	——	——	$67K—	$82K—
Accounts payable	-$7.83M—	-$4.51M—	——	——	——
Increase (Decrease) in Accounts Receivable	$6.4M—	$10.19M—	——	——	——
Deferred revenue	——	——	——	——	——
Increase (Decrease) in Inventories	——	——	——	——	——
Increase (Decrease) in Other Accounts Payable and Accrued Liabilities	——	——	——	——	——
Increase (decrease) in all other liabilities	-$1.61M+37.8%	-$1.63M+39.6%	-$1.89M—	-$2.2M—	-$2.59M—
Increase (Decrease) in Other Operating Assets	-$66K—	-$35K—	——	——	——
Increase (Decrease) in Other Operating Assets and Liabilities, Net	$1.28M+15.7%	$1.36M+32.2%	$1.1M-17.7%	$1.13M-7.7%	$1.1M+7.2%
Increase (Decrease) in Prepaid Expense and Other Assets	-$1.47M—	-$3.5M—	——	——	——
Indirect Personnel Costs Excluding Stock Based Compensation	——	——	——	——	——
Interest Income Operating	$22K-87.1%	$23K-93.4%	$26K—	$58K—	$171K—
Interest Rate In Paid In Kind	——	——	——	——	——
Lease Cost	——	——	——	——	——
Lease Expense	——	——	——	——	——
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	$37.98M+162%	$40.4M+179%	$50.4M+1,679,733%	$14.5M+6.9%	$14.5M-49.4%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	——	——	——	——	——
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	-$37.73M-20.5%	-$33.44M+3.6%	-$42.11M-73.4%	-$29.84M+20.4%	-$31.33M+44.3%
Net Income (Loss) Attributable to Parent, Diluted	——	——	——	——	——
Number of operating segments	——	——	——	——	——
Foreign currency translation gains (losses)	$323K+907%	$252K+201%	-$165K—	$5K—	-$40K—
Other comprehensive income (loss)	——	——	——	——	——
Other income, net (Note 6)	$137K-68.6%	$140K-70.1%	$456K+274%	$514K+2,548%	$436K+381%
Paid-in-kind interest capitalized	——	——	——	——	——
Payments of Financing Costs	——	——	——	——	——
Payments Of Stock Issuance Costs	——	——	——	——	$0-100%
Payments to Acquire Property, Plant, and Equipment	$1.24M-4.4%	$1.05M-36.4%	$1M-41.6%	$782K-55.4%	$1.3M+6.2%
Personnel Costs Expense	——	——	——	——	——
Proceeds from Issuance of Common Stock	——	——	——	——	$0-100%
Sales of and distributions from equity method investments	——	——	——	——	——
Dispositions of property, plant, and equipment	——	——	——	——	$3K—
Cash received from option exercises	——	——	——	——	$11K-93.7%
Warranty expense	——	——	——	——	——
Net additions (releases) charged to costs and expenses	——	——	——	——	——
Provision For Inventory Obsolescence	——	——	——	——	——
Purchase Of Property And Equipment Included In Account Payable	——	——	——	——	——
Repayments of Long-Term Debt	——	——	——	——	——
Revenue From Contract With Customer Excluding Assessed Tax	$96.15M+73.0%	$99.69M+111%	$80.03M+39.5%	$64.13M-17.5%	$55.57M-43.7%
Stock-based compensation	$8.02M+97.8%	$4.96M-8.4%	$3.51M-17.2%	$3.7M-10.0%	$4.05M-30.0%
Short Term Lease Cost	——	——	——	——	——
Standard Product Warranty Accrual, Decrease for Payments	——	——	——	——	——
Accrual adjustments to reflect actual experience	——	——	——	——	——
Current-period accruals	——	——	——	——	——
Issuance of common stock in connection with the Spin-Off and reclassification of net parent investment	——	——	——	——	——
Stock Issued During Period, Value, Stock Options Exercised	——	——	——	——	——
Increase (decrease) in amount of unrecognized tax benefits	——	$0—	——	——	——
Warrants Recoverable From Manufacturer	——	——	——	——	——
Weighted Average Numer Diluted Limited Partnership Units Outstanding Adjustment	——	——	——	——	——
EBIT	-$36.92M+27.4%	-$35.42M+32.9%	-$43.19M+15.5%	-$50.46M+3.8%	-$50.89M0.0%
EBITDA	-$35.58M+27.9%	-$34.15M+33.3%	-$41.85M+15.5%	-$49M+3.8%	-$49.32M+0.2%
EBITDA	-$35.58M+27.9%	-$34.15M+33.3%	-$41.85M+15.5%	-$49M+3.8%	-$49.32M+0.2%
EBITDA margin	-37%+51.7pp	-34.3%+73.8pp	-52.3%+34.1pp	-76.4%-10.9pp	-88.7%-38.7pp
EBIT	-$36.92M+27.4%	-$35.42M+32.9%	-$43.19M+15.5%	-$50.46M+3.8%	-$50.89M0.0%

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Questions, answered.

What is FTC Solar's revenue?: FTC Solar (FTCI) generated $96.1M in revenue over the trailing twelve months, up 73.0% year over year.
Is FTC Solar profitable?: FTC Solar is not currently profitable: it reported a net loss of $43.2M over the trailing twelve months, a -44.9% net margin.
What are FTC Solar's profit margins?: Gross margin is -12.0% and operating margin is -38.4%, with a -44.9% net margin.
What is FTC Solar's earnings per share?: FTC Solar's diluted EPS over the trailing twelve months is $-6.02.
Where does FTC Solar's income statement data come from?: Every line is extracted from FTC Solar's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.