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FTC Solar FTCI Income Tax

Income Tax at other companies

Array Technologies, Inc. logo
Array Technologies, Inc.ARRY
$2.13M-67.4%
Nextpower Inc.
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Nextpower Inc. NXT
$9.03M-77.9%
Shoals Technologies Group, Inc. logo
Shoals Technologies Group, Inc.SHLS
-$89K-104%
SolarEdge Technologies logo
SolarEdge TechnologiesSEDG
$1.29M-77.5%
Stem logo
StemSTEM
$112K+93.1%
First Solar logo
First SolarFSLR
$7.72M+2.5%

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:IncomeTaxExpenseBenefit.

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 income tax?
FTC Solar (FTCI) reported income tax of $195K in Q1 2026.
How has FTC Solar's income tax changed year-over-year?
FTC Solar's income tax decreased by 23.2% year-over-year, from $254K to $195K.
What is the long-term trend for FTC Solar's income tax?
Over 3 years (2021 to 2025), FTC Solar's income tax has grown at a 45.9% compound annual growth rate (CAGR), from $169K to $525K.
What does income tax mean?
Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.