FTCI · FTC Solar, Inc.
$2.95
-0.13 (-4.22%)
At close · Aug 5
Going-concern doubt
— flagged Aug 5, 2026
Substantial doubt about the company's ability to continue as a going concern.
“we have concluded that substantial doubt exists as to our ability to continue as a going concern within the next year.”View the 10-Q filed Aug 5, 2026
Market Cap
$48.56M
Shares
16.46M
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$99.69M
+110.5%
FY2025
Net Income
-$79.58M
-63.7%
FY2025
Gross Margin
-0.88%
+25.7pp
FY2025
Operating Margin
-35.53%
+76pp
FY2025
Diluted EPS
-$5.68
-48.3%
FY2025
Operating Cash Flow
-$33.44M
+3.6%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| $102.31M | $99.69M | $47.36M | $127M | $123.07M | $270.53M | $187.35M | $53.12M | |
| — | — | -$319K | -$253K | -$978K | -$814K | -$364K | -$454K | |
| $99.29M | $100.57M | $59.95M | $118.7M | $150.29M | $303.07M | $183.71M | $55.08M | |
| $3.03M | -$880K | -$12.59M | $8.31M | -$27.23M | -$32.55M | $3.64M | -$1.95M | |
| — | -0.88% | -26.59% | 6.54% | -22.12% | -12.03% | 1.94% | -3.67% | |
| $4.66M | $4.39M | $5.92M | $7.17M | $9.95M | $11.54M | $5.22M | $3.96M | |
| $7.55M | $6.2M | $8.88M | $14.81M | $8.66M | $6.82M | $3.55M | $1.9M | |
| $29.96M | $23.96M | $25.44M | $37.11M | $53.74M | $75.9M | $11.8M | $4.56M | |
| — | — | $500K | $500K | $300K | $0 | — | — | |
| $1.46M | $1.28M | $1.67M | $1.38M | $900K | $232K | $47K | $412K | |
| $42.17M | $34.54M | $40.24M | $59.08M | $72.34M | $94.26M | $20.57M | $10.42M | |
| -$39.15M | -$35.42M | -$52.83M | -$50.78M | -$99.57M | -$126.8M | -$16.93M | -$12.37M | |
| — | -35.53% | -111.56% | -39.98% | -80.91% | -46.87% | -9.03% | -23.29% | |
| -$37.69M | -$34.15M | -$51.16M | -$49.4M | -$98.67M | -$126.57M | -$16.88M | -$11.96M | |
| $14.99M | $8.21M | $665K | -$1.29M | — | — | — | — | |
| $75K | $140K | $468K | -$257K | — | — | — | — | |
| — | — | — | -$660K | $0 | -$354K | $1.4M | -$709K | |
| -$54.21M | -$79.05M | -$48.38M | -$50.63M | -$99.18M | -$106.42M | -$16.01M | -$13.53M | |
| $644K | $525K | $230K | -$338K | $435K | $169K | -$83K | -$39K | |
| -$54.85M | -$79.58M | -$48.61M | -$50.29M | -$99.61M | -$106.59M | -$15.92M | -$13.5M | |
| — | -79.83% | -102.64% | -39.6% | -80.94% | -39.4% | -8.5% | -25.4% | |
| -$54.49M | -$79.33M | -$48.86M | -$50.52M | -$99.68M | -$106.58M | -$15.93M | -$13.5M | |
| USD/shares | — | -$5.68 | -$3.83 | -$4.35 | -$9.80 | -$12.40 | -$2.30 | -$2.20 |
| USD/shares | — | -$5.68 | -$3.83 | -$4.35 | -$9.80 | -$12.40 | -$2.30 | -$2.20 |
| shares | — | 14.01M | 12.68M | 11.55M | 10.14M | 8.6M | 6.88M | 6.2M |
| shares | — | 14.01M | 12.68M | 11.55M | 10.14M | 8.6M | 6.88M | 6.2M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2019–FY2023: $54.16M in buybacks.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
EV/Revenue
—
Solar median 3.92×
EV/EBIT
—
Solar median 27.96×
P/E (TTM)
—
Solar median 14.60×
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Geography (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| United States | $98,238,000 | $42,253,000 | $119,982,000 | $97,992,000 | $270,107,000 | $187,168,000 |
| Australia | $1,449,000 | $4,369,000 | $7,000,000 | $24,847,000 | $418,000 | $184,000 |
| All Other | $0 | $733,000 | $20,000 | $227,000 | $0 | $0 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Product | $80,311,000 | $37,520,000 | $101,872,000 | $63,760,000 | $227,397,000 | $158,925,000 | $43,085,000 |
| Service | $19,376,000 | $9,835,000 | $25,130,000 | $59,306,000 | $43,128,000 | $28,427,000 | $10,039,000 |