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FTC Solar, Inc.(FTCI)Earnings, Financials & Key Ratios
FTCI•NASDAQ
$5.04
Price updated Jul 6, 2026
AboutFTC 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.Show more
- Revenue$100M+110.5%
- EBITDA-$32M+37.2%
- Net Income-$77M-58.3%
- EPS (Diluted)-5.49-43.3%
- Gross Margin1.13%+104.3%
- EBITDA Margin-32.23%+70.2%
- Operating Margin-33.52%+70.0%
- Net Margin-77.16%+24.8%
FTCI Price & Volume
FTC Solar, Inc. (FTCI) stock price & volume — 10-year historical chart
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Persistent Operating Losses Threaten Corporate Solvency Viability
Investment Thesis • Updated 2026Q1
VerdictNegative: The company's liquidity position is critically thin with only $5.6M in cash remaining against a trailing twelve-month net loss exceeding $70M
Growth:Mixed
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Liquidity and solvency constraints
Key Thesis Takeaways
- FTC Solar faces a precarious outlook characterized by structural operating losses and a rapidly eroding equity base that turned negative at -$6.1M in 2026Q1.
- The company's reliance on lumpy, project-based revenue has resulted in extreme volatility, with a 17% year-over-year revenue decline in the most recent quarter.
- Investors should remain cautious as the combination of dwindling cash reserves of $5.6M and rising debt levels suggests a high probability of future dilutive financing requirements.
Verdict Logic
indicating a high risk of insolvency.
FTCI Growth Metrics
FTC Solar, Inc. (FTCI) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-11.86%
3 Years-6.78%
TTM73.02%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM7.22%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-54.72%
Return on Capital
10 Years-1780.15%
5 Years-100.15%
3 Years-84.86%
Last Year-86.59%
FTCI Recent Earnings
FTC Solar, Inc. (FTCI) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 4/12 qtrs (33%)
Q2 2026Latest
May 5, 2026Metric
Actual
Est
EPS
$0.67-63.4%
$0.41
Rev
$17M-28.8%
$24M
Q2 2026
Mar 5, 2026Metric
Actual
Est
EPS
$2.23-755.8%
$0.26
Rev
$33M+0.2%
$33M
Q4 2025
Nov 12, 2025Metric
Actual
Est
EPS
$0.36+28.0%
$0.50
Rev
$26M-20.2%
$33M
Q3 2025
Aug 5, 2025Metric
Actual
Est
EPS
$0.86-34.4%
$0.64
Rev
$20M-5.3%
$21M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.67vs $0.41-63.4% | $17Mvs $24M-28.8% |
| Q2 2026 | Mar 5, 2026 | $2.23vs $0.26-755.8% | $33Mvs $33M+0.2% |
| Q4 2025 | Nov 12, 2025 | $0.36vs $0.50+28.0% | $26Mvs $33M-20.2% |
| Q3 2025 | Aug 5, 2025 | $0.86vs $0.64-34.4% | $20Mvs $21M-5.3% |
Based on last 12 quarters of dataView full earnings history →
Peers Comparison
Key metrics vs top competitors for FTC Solar, Inc. (FTCI)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $5.04 | $80.67M | -0.92 | 110.51% | -77.16% | — | — | |
| $7.02 | $1.08B | -9.62 | 40.22% | -5.56% | -20.64% | — | |
| $10.58 | $1.78B | 52.90 | 19.07% | 6.27% | 5.67% | — | |
| $115.03 | $17.29B | 29.96 | 20.28% | 16.46% | 28.31% | — | |
| $233.06 | $25.04B | 16.40 | 24.09% | 30.73% | 18.01% | — | |
| $44.55 | $5.87B | 34.53 | 10.72% | 9.64% | 13.28% | — |
Compare FTCI vs Peers
FTC Solar, Inc. (FTCI) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
FTCI SEC Filings & Documents
FTC Solar, Inc. (FTCI) SEC filings — annual & quarterly reports (10-K, 10-Q)
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FTCI Frequently Asked Questions
FTC Solar, Inc. (FTCI) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is FTC Solar, Inc.'s revenue?
FTC Solar, Inc. (FTCI) reported $96.1M in revenue for fiscal year 2025. This represents a 81% increase from $53.1M in 2019.
How fast is FTC Solar, Inc. growing?
FTC Solar, Inc. (FTCI) grew revenue by 110.5% over the past year. This is strong growth.
Is FTCI profitable?
FTC Solar, Inc. (FTCI) reported a net loss of $40.5M for fiscal year 2025.
Dividend & Returns
What is FTC Solar, Inc.'s free cash flow?
FTC Solar, Inc. (FTCI) had negative free cash flow of $39.1M in fiscal year 2025, likely due to heavy capital investments.