FTC Solar financials
$2.15−9.66%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 |
|---|---|---|---|---|---|
| Revenue | $99.7M | $47.4M | $127.0M | $123.1M | $270.5M |
| Gross profit | -$880.0K | -$12.6M | $8.3M | -$27.2M | -$32.5M |
| Gross margin | −0.9% | −26.6% | 6.5% | −22.1% | −12.0% |
| Operating income | -$35.4M | -$52.8M | -$50.8M | -$99.6M | -$126.8M |
| Net income | -$79.6M | -$48.6M | -$50.3M | -$99.6M | -$106.6M |
| Net margin | −79.8% | −102.6% | −39.6% | −80.9% | −39.4% |
| Diluted EPS | $-5.68 | $-3.83 | $-4.35 | $-9.80 | $-12.40 |
| EBITDA | -$34.1M | -$51.2M | -$49.4M | -$98.7M | -$126.6M |
| Operating cash flow | -$33.4M | -$34.7M | -$52.7M | -$54.5M | -$132.9M |
| Free cash flow | -$34.6M | -$36.3M | -$53.5M | -$55.5M | -$133.9M |
| Diluted shares | 14.0M | 12.7M | 11.6M | 10.1M | 8.6M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|
| Cash & equivalents | $21.1M | $11.2M | $25.2M | $44.4M | $102.2M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — |
| Total debt | $22.6M | $9.5M | $0.00 | $0.00 | $0.00 |
| Total assets | $111.8M | $89.9M | $123.1M | $134.4M | $243.0M |
| Total liabilities | $154.8M | $70.9M | $60.6M | $67.9M | $100.2M |
| Shareholders' equity | -$43.0M | $19.0M | $62.5M | $66.5M | $142.9M |
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