FTC SOLAR, INC. financials
Source: EDGAR filings · Built 2026-06-02T03:05:12Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -34.57M | -36.34M | -53.47M | -55.49M | -133.88M | 373.00K |
| EBITDA | -34.15M | -51.16M | -49.40M | -98.67M | -126.57M | -16.88M |
| Working Capital | 29.54M | 27.05M | 53.84M | 58.35M | 142.53M | 5.91M |
| Net Debt | 2.45M | -615.00K | -23.37M | -43.18M | -100.39M | -30.99M |
| Gross Margin | -0.88% | -26.59% | 6.54% | -22.12% | -12.03% | 1.94% |
| Operating Margin | -35.53% | -111.56% | -39.98% | -80.91% | -46.87% | -9.03% |
| Net Margin | -79.83% | -102.64% | -39.60% | -80.94% | -39.40% | -8.50% |
| Return on Equity (ROE) | 185.24% | -255.34% | -80.50% | -149.91% | -74.61% | -213.72% |
| Return on Assets (ROA) | -71.17% | -54.05% | -40.86% | -74.12% | -43.86% | -22.30% |
| Current Ratio | 1.43× | 1.55× | 1.99× | 1.97× | 2.53× | 1.10× |
| Debt-to-Equity | -0.55× | 0.56× | 0.03× | 0.02× | 0.01× | 0.18× |
| Effective Tax Rate | -0.66% | -0.48% | 0.67% | -0.44% | -0.16% | 0.52% |
| Cash Conversion Ratio | 0.42× | 0.71× | 1.05× | 0.55× | 1.25× | -0.04× |
| Accruals Ratio | -0.41× | -0.15× | 0.02× | -0.34× | 0.11× | -0.23× |
| SBC % of Revenue | 4.98% | 11.43% | 6.53% | 16.50% | 22.83% | 0.97% |
| CapEx Coverage | -29.62× | -21.09× | -64.53× | -55.34× | -129.61× | 2.46× |
| Free Cash Flow Per Share | $-2.47 | $-2.87 | $-4.63 | $-0.55 | $-1.56 | $0.01 |
Valuation Metrics
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 99.69M | 47.35M | 127.00M | 123.07M | 270.52M | 187.35M |
| Cost of Goods and Services Sold | 100.57M | 59.95M | 118.69M | 150.29M | 303.07M | 183.71M |
| Gross Profit | -880.00K | -12.59M | 8.31M | -27.23M | -32.55M | 3.64M |
| Research and Development Expense | 4.39M | 5.92M | 7.17M | 9.95M | 11.54M | 5.22M |
| Operating Expenses | 34.54M | 40.24M | 59.08M | 72.34M | 94.26M | 20.57M |
| Operating Income (Loss) | -35.42M | -52.83M | -50.78M | -99.57M | -126.80M | -16.93M |
| Income Tax Expense (Benefit) | 525.00K | 230.00K | -338.00K | 435.00K | 169.00K | -83.00K |
| Net Income (Loss) Attributable to Parent | -79.58M | -48.61M | -50.29M | -99.61M | -106.59M | -15.92M |
| Earnings Per Share, Basic | $-5.68 | $-3.83 | $-4.35 | $-0.98 | $-1.24 | $-0.23 |
| Weighted Average Number of Shares Outstanding, Basic | 14.01M | 12.68M | 11.55M | 101.41M | 86.04M | 68.81M |
| Earnings Per Share, Diluted | $-5.68 | $-3.83 | $-4.35 | $-0.98 | $-1.24 | $-0.23 |
| Weighted Average Number of Shares Outstanding, Diluted | 14.01M | 12.68M | 11.55M | 101.41M | 86.04M | 68.81M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 21.11M | 11.25M | 25.23M | 44.38M | 102.19M | 32.36M |
| Assets, Current | 97.77M | 76.13M | 108.51M | 118.69M | 235.78M | 65.72M |
| Assets | 111.81M | 89.93M | 123.07M | 134.40M | 243.02M | 71.39M |
| Long-term Debt | 9.92M | 9.47M | 0 | — | 0 | 784.00K |
| Liabilities, Current | 68.22M | 49.07M | 54.66M | 60.34M | 93.25M | 59.81M |
| Long-term Debt, Excluding Current Maturities | — | — | — | — | 0 | 784.00K |
| Liabilities | 154.77M | 70.89M | 60.60M | 67.95M | 100.15M | 63.94M |
| Stockholders' Equity Attributable to Parent | -42.96M | 19.04M | 62.47M | 66.45M | 142.87M | 7.45M |
| Common Stock, Shares, Outstanding | 15.54M | 12.85M | 12.54M | 105.03M | 92.62M | 66.16M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2021 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -33.44M | -34.70M | -52.66M | -54.51M | -132.85M | 629.00K |
| Payments to Acquire Property, Plant, and Equipment | 1.13M | 1.65M | 816.00K | 985.00K | 1.02M | 256.00K |
| Net Cash Provided by (Used in) Investing Activities | 2.80M | 6.26M | -397.00K | -4.25M | 21.31M | 1.87M |
| Payments for Repurchase of Common Stock | — | — | 0 | 0 | 54.16M | 0 |
| Net Cash Provided by (Used in) Financing Activities | 40.40M | 14.50M | 33.95M | 903.00K | 180.37M | 22.64M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Free Cash Flow | -13.05M | -8.36M | -25.86M | -10.96M | -8.57M | -16.98M |
| EBITDA | -11.69M | -5.28M | -7.42M | -11.19M | -10.26M | -12.99M |
| Working Capital | 20.38M | 29.54M | 38.46M | 9.66M | 20.20M | 27.05M |
| Net Debt | 17.78M | 2.45M | 30.85M | 13.56M | 10.70M | -615.00K |
| Gross Margin | -7.11% | 14.89% | 6.12% | -19.60% | -16.57% | -29.06% |
| Operating Margin | -69.84% | -17.22% | -29.60% | -57.52% | -50.76% | -101.71% |
| Net Margin | 188.82% | -110.74% | -91.96% | -77.18% | -18.36% | -92.68% |
| Return on Equity (ROE) | -530.15% | 84.71% | 174.32% | -170.65% | -24.59% | -64.27% |
| Return on Assets (ROA) | 33.32% | -32.55% | -21.46% | -18.60% | -4.54% | -13.61% |
| Current Ratio | 1.32× | 1.43× | 1.66× | 1.16× | 1.40× | 1.55× |
| Debt-to-Equity | -3.81× | -0.55× | -4.02× | 1.89× | 1.07× | 0.56× |
| Effective Tax Rate | 0.59% | -0.52% | -0.18% | -0.25% | -7.12% | 0.55% |
| Cash Conversion Ratio | -0.39× | 0.22× | 1.06× | 0.70× | 2.22× | 1.36× |
| Accruals Ratio | 0.46× | -0.25× | 0.01× | -0.06× | 0.06× | 0.05× |
| SBC % of Revenue | 19.33% | 7.96% | 9.00% | 6.08% | 1.35% | 8.85% |
| CapEx Coverage | -46.28× | -23.89× | -57.50× | -58.27× | -102.20× | -57.56× |
| Free Cash Flow Per Share | $-0.58 | $-0.60 | $-1.74 | $-0.84 | $-0.59 | $-1.34 |
Valuation Metrics
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 17.27M | 32.86M | 26.03M | 19.99M | 20.80M | 13.20M |
| Cost of Goods and Services Sold | 18.49M | 27.97M | 24.44M | 23.91M | 24.25M | 17.04M |
| Gross Profit | -1.23M | 4.89M | 1.59M | -3.92M | -3.45M | -3.84M |
| Research and Development Expense | 1.12M | 1.11M | 1.23M | 1.13M | 924.00K | 1.47M |
| Operating Expenses | 10.83M | 10.55M | 9.30M | 7.58M | 7.11M | 9.59M |
| Operating Income (Loss) | -12.06M | -5.66M | -7.71M | -11.50M | -10.56M | -13.43M |
| Income Tax Expense (Benefit) | 195.00K | 188.00K | 44.00K | 39.00K | 254.00K | -68.00K |
| Net Income (Loss) Attributable to Parent | 32.60M | -36.39M | -23.94M | -15.43M | -3.82M | -12.23M |
| Earnings Per Share, Basic | $2.09 | $-2.51 | $-1.61 | $-1.18 | $-0.30 | $-0.95 |
| Weighted Average Number of Shares Outstanding, Basic | 15.57M | 14.01M | 14.90M | 13.10M | 12.89M | 12.68M |
| Earnings Per Share, Diluted | $-0.72 | $-2.51 | $-1.61 | $-1.18 | $-0.58 | $-0.95 |
| Weighted Average Number of Shares Outstanding, Diluted | 22.40M | 14.01M | 14.90M | 13.10M | 14.59M | 12.68M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 5.64M | 21.11M | 24.37M | 3.52M | 5.91M | 11.25M |
| Assets, Current | 83.82M | 97.77M | 96.59M | 70.30M | 71.10M | 76.13M |
| Assets | 97.85M | 111.81M | 111.53M | 82.95M | 84.06M | 89.93M |
| Long-term Debt | 12.89M | 9.92M | 16.65M | 10.89M | 10.17M | 9.47M |
| Liabilities, Current | 63.45M | 68.22M | 58.13M | 60.63M | 50.90M | 49.07M |
| Liabilities | 104.00M | 154.77M | 125.26M | 73.91M | 68.53M | 70.89M |
| Stockholders' Equity Attributable to Parent | -6.15M | -42.96M | -13.73M | 9.04M | 15.53M | 19.04M |
| Common Stock, Shares, Outstanding | 15.82M | 15.54M | 14.94M | 14.87M | 13.07M | 12.85M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | -12.77M | -8.03M | -25.42M | -10.78M | -8.48M | -16.69M |
| Payments to Acquire Property, Plant, and Equipment | 276.00K | 336.00K | 442.00K | 185.00K | 83.00K | 290.00K |
| Net Cash Provided by (Used in) Investing Activities | -276.00K | 244.00K | 2.56M | 2.99M | 3.12M | 5.33M |
| Net Cash Provided by (Used in) Financing Activities | -2.42M | 4.50M | 35.90M | 3.00K | 3.00K | 14.49M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (FTCI CIK 0001828161),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.