FTCI
FTC Solar, Inc.
NASDAQ · Energy · Solar · US
$2.53
+0.40%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 102.3M | 99.7M | 47.4M | 127.0M | 123.1M |
| Cost of Revenue | 97.3M | 98.6M | 59.9M | 118.7M | 150.3M |
| Gross Profit | 5.0M | 1.1M | (12.6M) | 8.3M | (27.2M) |
| Operating Expenses | |||||
| R&D Expense | 4.7M | 4.4M | 5.9M | 7.2M | 9.9M |
| SG&A Expense | 37.5M | 30.2M | 34.3M | 51.9M | 62.4M |
| General & Admin Expense | 30.0M | 24.0M | 25.4M | 37.1M | 53.7M |
| Selling & Marketing Expense | 7.6M | 6.2M | 8.9M | 14.8M | 8.7M |
| Other Expenses | — | — | — | — | — |
| Total Operating Expenses | 42.2M | 34.5M | 40.2M | 59.1M | 72.3M |
| Cost and Expenses | 139.5M | 133.1M | 100.2M | 177.8M | 222.6M |
| Operating Income (EBIT) | (37.1M) | (33.4M) | (52.8M) | (50.8M) | (99.6M) |
| Non-Operating | |||||
| Interest Income | 22.0K | 23.0K | — | — | — |
| Interest Expense | 14.3M | 7.6M | 319.0K | 253.0K | 978.0K |
| Net Interest Income | (14.3M) | (7.5M) | (319.0K) | (253.0K) | (978.0K) |
| Other Non-Op Income/Expense | (14.4M) | (43.0M) | 4.5M | 149.0K | 394.0K |
| Non-Operating Income (excl Interest) | (17.6M) | 35.4M | (4.8M) | (402.0K) | (1.4M) |
| EBT (Pre-Tax Income) | (51.6M) | (76.4M) | (48.4M) | (50.6M) | (99.2M) |
| Income Tax Expense | 644.0K | 525.0K | 230.0K | (338.0K) | 435.0K |
| Bottom Line | |||||
| Net Income | (52.2M) | (76.9M) | (48.6M) | (50.3M) | (99.6M) |
| Earnings from Cont. Ops | (52.2M) | (76.9M) | (48.6M) | (50.3M) | (99.6M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | (100.9M) | (76.9M) | (48.6M) | (50.3M) | (99.6M) |
| Per Share | |||||
| Basic EPS | ($6.25) | ($5.49) | ($3.83) | ($4.35) | ($9.82) |
| Diluted EPS | ($6.25) | ($5.49) | ($3.83) | ($4.35) | ($9.82) |
| Revenue Per Share | $6.38 | $7.11 | $3.74 | $10.99 | $12.14 |
| Shares | |||||
| Basic Shares Outstanding | 16.0M | 14.0M | 12.7M | 11.6M | 10.1M |
| Diluted Shares Outstanding | 16.0M | 14.0M | 12.7M | 11.6M | 10.1M |
| Profitability Metrics | |||||
| EBITDA | (18.0M) | (67.6M) | (46.4M) | (49.0M) | (97.3M) |
| D&A | 1.5M | 1.3M | 1.7M | 1.4M | 900.0K |
| EBIT | (19.5M) | (68.8M) | (48.1M) | (50.4M) | (98.2M) |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026