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FTC Solar FTCI Indirect Personnel Costs Excluding Stock Based Compensation

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Other financials

Income statement

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Revenue$26.2M+30.8%
Gross profit-$2.2M+43.0%
Operating income-$13.7M-19.4%
Net income-$27.1M-75.8%
EPS (diluted)-$1.69-43.2%

Balance sheet

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Cash & equivalents$10.1M+186%
Total debt$24.3M+105%
Total equity-$30.3M-436%
Total assets$98.1M+18.2%

Cash flow

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Operating cash flow-$12.8M-50.6%
CapEx$319.0K+72.4%
Free cash flow-$13.0M-52.3%

Valuation

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Market cap$47.22M-39.2%
Enterprise value$61.41M-28.5%
P/S0.5×-0.7×

Profitability

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Gross margin-12%-1.5pp
Operating margin-38.3%-13.0pp
Net margin-53.6%-11.3pp
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 ratio0.9×-0.2×

Where this comes from

Reported directly by FTC Solar in its filing.

Tagged under the XBRL concept ftci:IndirectPersonnelCostsExcludingStockBasedCompensation.

The source filing: FTC Solar’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 9:14 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001193125-26-334042
($ in thousands)Three months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Loss from unconsolidated subsidiary(451)(563)
Provision for income taxes(217)(39)(412)(293)
Net income (loss)$(27,124)$(15,430)$5,475$(19,249)
Supplemental information:
Indirect personnel costs (excluding stock-based compensation) in cost of revenue$2,515$2,455$5,161$4,958
Total depreciation and amortization expense$430$305$795$607
Capital expenditures$319$185$595$268
Total assets at period end$98,059$82,955$98,059$82,955

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is FTC Solar's indirect personnel costs excluding stock based compensation?
FTC Solar (FTCI) reported indirect personnel costs excluding stock based compensation of $2.52M in Q2 2026.
How has FTC Solar's indirect personnel costs excluding stock based compensation changed year-over-year?
FTC Solar's indirect personnel costs excluding stock based compensation increased by 2.4% year-over-year, from $2.46M to $2.52M.
What does indirect personnel costs excluding stock based compensation mean?
Indirect Personnel Costs Excluding Stock Based Compensation as reported by FTC Solar, Inc. Common Stock.

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