FTC Solar financials
$2.15−9.66%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $26.2M | $17.3M | $32.9M | $26.0M | $20.0M | $20.8M | $13.2M | $10.1M | $11.4M | $12.6M | $23.2M | $30.5M |
| Gross profit | -$2.2M | -$1.2M | $4.9M | $1.6M | -$3.9M | -$3.4M | -$3.8M | -$4.3M | -$2.3M | -$2.1M | $692.0K | $3.4M |
| Gross margin | −8.5% | −7.1% | 14.9% | 6.1% | −19.6% | −16.6% | −29.1% | −42.5% | −20.5% | −16.7% | 3.0% | 11.1% |
| Operating income | -$13.7M | -$12.1M | -$5.7M | -$7.7M | -$11.5M | -$10.6M | -$13.4M | -$15.0M | -$11.9M | -$12.5M | -$11.7M | -$16.3M |
| Net income | -$27.1M | $32.6M | -$36.4M | -$23.9M | -$15.4M | -$3.8M | -$12.2M | -$15.4M | -$12.2M | -$8.8M | -$11.2M | -$16.9M |
| Net margin | −103.7% | 188.8% | −110.7% | −92.0% | −77.2% | −18.4% | −92.7% | −151.5% | −107.1% | −69.7% | −48.2% | −55.4% |
| Diluted EPS | $-1.69 | $-0.72 | $-2.70 | $-1.61 | $-1.18 | $-0.58 | $-0.96 | $-1.21 | $-0.97 | $-0.70 | $-0.91 | $-1.40 |
| EBITDA | -$13.3M | -$11.7M | -$5.3M | -$7.4M | -$11.2M | -$10.3M | -$13.0M | -$14.6M | -$11.5M | -$12.1M | -$11.4M | -$15.9M |
| Operating cash flow | $8.3M | -$12.8M | -$8.0M | -$14.6M | -$2.3M | -$8.5M | -$16.7M | -$2.4M | -$3.8M | -$11.9M | -$6.3M | -$15.6M |
| Free cash flow | $8.0M | -$13.0M | -$8.4M | -$15.2M | -$2.5M | -$8.6M | -$17.0M | -$2.6M | -$4.5M | -$12.3M | -$6.6M | -$15.8M |
| Diluted shares | 16.0M | 22.4M | 13.5M | 14.9M | 13.1M | 14.6M | 12.8M | 12.7M | 12.6M | 12.6M | 12.3M | 12.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $10.1M | $5.6M | $21.1M | $24.4M | $3.5M | $5.9M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Total debt | $22.6M | $22.6M | $22.6M | $16.6M | $10.9M | $10.2M |
| Total assets | $98.1M | $97.8M | $111.8M | $111.5M | $83.0M | $84.1M |
| Total liabilities | $128.4M | $104.0M | $154.8M | $125.3M | $73.9M | $68.5M |
| Shareholders' equity | -$30.3M | -$6.1M | -$43.0M | -$13.7M | $9.0M | $15.5M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology