FTCI - NASDAQ
FTC Solar, Inc.
$5.39
+3.1%FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporated in 2017 and is headquartered in Austin, Texas.
At a Glance
Live SnapshotFTC Solar, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Thin margins leave little room for error. Cost management and pricing strategy are critical.
Operating Margin
Operating losses indicate the core business is unprofitable. Requires restructuring or revenue growth.
Net Profit Margin
Net losses indicate the company is burning cash. Sustainability depends on path to profitability.
Profitability Insight
High margin compression: Large gap between gross and net margins suggests operational inefficiencies or heavy debt burden. Focus on expense management and deleveraging.
FTC Solar, Inc. Income Statement
FTCI • NASDAQ
| FTC Solar, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|---|---|
REVENUE | |||||||
99.7M | 47.4M | 127M | 123.1M | 270.5M | 187.4M | 53.1M | |
GROSS PROFIT | |||||||
(98.6M) | (59.9M) | (118.7M) | (150.3M) | (303.1M) | (183.7M) | (55.1M) | |
1.1M | -12.6M | 8.3M | -27.2M | -32.5M | 3.6M | -2M | |
OPERATING INCOME | |||||||
(34.5M) | (40.2M) | (59.1M) | (72.3M) | (94.3M) | (20.6M) | (10.4M) | |
(30.2M) | (34.3M) | (51.9M) | (62.4M) | (82.7M) | (15.3M) | (6.5M) | |
(4.4M) | (5.9M) | (7.2M) | (9.9M) | (11.5M) | (5.2M) | (4M) | |
-33.4M | -52.8M | -50.8M | -99.6M | -126.8M | -16.9M | -12.4M | |
PRE-TAX INCOME | |||||||
(7.6M) | (319K) | (253K) | (978K) | (814K) | (364K) | (454K) | |
-7.5M | -319K | -253K | -978K | -814K | -364K | -454K | |
-43M | 4.5M | 149K | 394K | 20.4M | 919K | -1.2M | |
-76.4M | -48.4M | -50.6M | -99.2M | -106.4M | -16M | -13.5M | |
NET INCOME | |||||||
(525K) | (230K) | -338K | (435K) | (169K) | -83K | -39K | |
-76.9M | -48.6M | -50.3M | -99.6M | -106.6M | -15.9M | -13.5M |
SEC Filings
FTCI - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
10-Q 10-Q 2026 Q1 Q1 | May 05, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 05, 2026 | April 29, 2026 | 2026 | |
10-K/A 10-K/A 2025 FY (Amended) FY | April 28, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 24, 2026 | March 23, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 24, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | March 05, 2026 | March 05, 2026 | 2026 | |
8-K 8-K 2025 N/A | December 15, 2025 | December 15, 2025 | 2025 | |
8-K 8-K 2025 N/A | November 12, 2025 | November 12, 2025 | 2025 | |
10-Q 10-Q 2025 Q3 Q3 | November 12, 2025 | September 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | September 04, 2025 | September 04, 2025 | 2025 |
Related Guides
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Research Paths
Snapshot
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Value Model
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Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
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Analyst Expectations
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