What is FTC Solar's lease expense?

FTC Solar (FTCI) reported lease expense of $256K in Q1 2026.

What does lease expense mean?

This represents the periodic cost associated with leasing assets such as facilities, equipment, or vehicles necessary for business operations. It reflects the company's fixed operating overhead and commitment to leased infrastructure. Analyzing this helps investors understand the company's operational cost structure and reliance on leased versus owned assets.

FTC Solar FTCI Lease Expense

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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 ftci:LeaseExpense.

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 lease expense?: FTC Solar (FTCI) reported lease expense of $256K in Q1 2026.
What does lease expense mean?: This represents the periodic cost associated with leasing assets such as facilities, equipment, or vehicles necessary for business operations. It reflects the company's fixed operating overhead and commitment to leased infrastructure. Analyzing this helps investors understand the company's operational cost structure and reliance on leased versus owned assets.