What is FTC Solar's operating income?

FTC Solar (FTCI) reported operating income of -$12.06M in Q1 2026.

How has FTC Solar's operating income changed year-over-year?

FTC Solar's operating income decreased by 14.2% year-over-year, from -$10.56M to -$12.06M.

What is the long-term trend for FTC Solar's operating income?

Over 4 years (2021 to 2025), FTC Solar's operating income has grown at a -27.3% compound annual growth rate (CAGR), from -$126.8M to -$35.42M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

FTC Solar FTCI Operating Income

Operating Income at other companies

Array Technologies, Inc.ARRY

$7.11M-73.9%

Nextpower Inc. NXT

$153.59M-21.4%

Shoals Technologies Group, Inc.SHLS

$7.72M+79.0%

SolarEdge TechnologiesSEDG

-$55.04M+46.4%

SunrunRUN

-$43.51M+62.1%

StemSTEM

-$14.21M+32.8%

Other financials

Income statement

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Revenue$17.3M-17.0%

Gross profit-$1.2M+64.4%

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

Reported directly by FTC Solar in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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 operating income?: FTC Solar (FTCI) reported operating income of -$12.06M in Q1 2026.
How has FTC Solar's operating income changed year-over-year?: FTC Solar's operating income decreased by 14.2% year-over-year, from -$10.56M to -$12.06M.
What is the long-term trend for FTC Solar's operating income?: Over 4 years (2021 to 2025), FTC Solar's operating income has grown at a -27.3% compound annual growth rate (CAGR), from -$126.8M to -$35.42M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.