FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services. The company is headquartered in Austin, Texas and currently employs 202 full-time employees. The company went IPO on 2021-04-28. Its original two modules-in-portrait (2P) solar tracker system is marketed under the Voyager brand name (Voyager) and its one module-in-portrait (1P) solar tracker system is marketed under the Pioneer brand name (Pioneer). The company also has a mounting solution to support the installation and use of U.S.-manufactured thin-film modules. Its primary software offerings include SUNPATH, which helps customers optimize solar tracking for increased energy production, and SUNOPS real-time operations management platform. The company assists its U.S. and worldwide clients in site layout, structural design, pile testing and other needs across the solar project development and construction cycle. Its products and services provide tracker solutions for large utility-scale solar and distributed generation projects around the world. The company has operations in Australia, China, India, South Africa and Spain.
Financials in millions USD. Fiscal year is February - January.
Breakdown
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
Revenue
99
99
47
127
123
270
Revenue Growth (YoY)
111%
111%
-63%
3%
-54%
44%
Cost of Revenue
98
98
59
118
150
303
Gross Profit
1
1
-12
8
-27
-32
Selling, General & Admin
30
30
34
51
62
82
Research & Development
4
4
5
7
9
11
Operating Expenses
34
34
40
59
72
94
Other Non Operating Income (Expenses)
-40
-40
-3
0
0
0
Pretax Income
-76
-76
-48
-49
-99
-106
Income Tax Expense
0
0
0
0
0
0
Net Income
-76
-76
-48
-50
-99
-106
Net Income Growth
57.99%
57.99%
-4%
-49%
-7%
607%
Shares Outstanding (Diluted)
15.14
14.01
12.67
11.55
10.14
8.6
Shares Change (YoY)
18%
11%
10%
14%
18%
25%
EPS (Diluted)
-5.08
-5.48
-3.83
-4.35
-9.82
-12.38
EPS Growth
34%
43%
-12%
-56%
-21%
436%
Free Cash Flow
-34
-34
-36
-53
-55
-133
Free Cash Flow Per Share
--
--
--
--
--
--
Gross Margin
1.01%
1.01%
-25.53%
6.29%
-21.95%
-11.85%
Operating Margin
-33.33%
-33.33%
-110.63%
-39.37%
-80.48%
-46.66%
Profit Margin
-76.76%
-76.76%
-102.12%
-39.37%
-80.48%
-39.25%
Free Cash Flow Margin
-34.34%
-34.34%
-76.59%
-41.73%
-44.71%
-49.25%
EBITDA
-32
-32
-51
-49
-99
-126
EBITDA Margin
-32.32%
-32.32%
-108.51%
-38.58%
-80.48%
-46.66%
D&A For EBITDA
1
1
1
1
0
0
EBIT
-33
-33
-52
-50
-99
-126
EBIT Margin
-33.33%
-33.33%
-110.63%
-39.37%
-80.48%
-46.66%
Effective Tax Rate
0%
0%
0%
0%
0%
0%
Follow-Up Questions
What are FTC Solar Inc's key financial statements?
According to the latest financial statement (Form-10K), FTC Solar Inc has a total asset of $111, Net loss of $-76
What are the key financial ratios for FTCI?
FTC Solar Inc's Current ratio is 0.73, has a Net margin is -76.76, sales per share of $7.06.
How is FTC Solar Inc's revenue broken down by segment or geography?
FTC Solar Inc largest revenue segment is Solar Tracker Systems, at a revenue of 37,520,000 in the most earnings release.For geography, United States is the primary market for FTC Solar Inc, at a revenue of 42,253,000.
Is FTC Solar Inc profitable?
no, according to the latest financial statements, FTC Solar Inc has a net loss of $-76
Does FTC Solar Inc have any liabilities?
yes, FTC Solar Inc has liability of 152
How many outstanding shares for FTC Solar Inc?
FTC Solar Inc has a total outstanding shares of 15.53