FTC Solar, Inc.
About FTC Solar, Inc.
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
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Financial summary
- Revenue FY2025
- $99.7M
- Net income
- -$79.6M
- Total assets
- $111.8M
- Market cap
- $76.0M
- Gross margin
- -0.9%
- Operating margin
- -35.5%
- Net margin
- -79.8%
Source: SEC EDGAR · updated Jun 7, 2026
Revenue & profit trend
Financial statements
Income statement
- Revenue
- $99.7M
- Cost of revenue
- $100.6M
- Gross profit
- -$880.0K
- Operating expenses
- $34.5M
- Operating income
- -$35.4M
- Income tax
- $525.0K
- Net income
- -$79.6M
- EPS (basic)
- $-5.68
- EPS (diluted)
- $-5.68
Balance sheet
- Total assets
- $111.8M
- Current assets
- $97.8M
- Total liabilities
- $154.8M
- Current liabilities
- $68.2M
- Shareholders’ equity
- -$43.0M
Cash flow
- Operating cash flow
- -$33.4M
- Investing cash flow
- $2.8M
- Financing cash flow
- $40.4M
- Net cash flow
- $9.9M
Statements via Polygon.io (SEC filings)
15-minute delayed · data by Polygon.io
Past year
52-week range
- Market cap
- $76.0M
- EPS (diluted)
- $-5.68
- Shares outstanding
- 16.3M
- Open
- —
- Day range
- –
- Prev close
- —
- Volume
- —
- IPO date
- Apr 28, 2021
Market data by Polygon.io · prices are 15-minute delayed
At a glance
- Reported a net loss of $79.6M in FY2025.
- Revenue declined 63% from FY2021 to FY2025.
- Gross margin of -0.9%, net margin -79.8%.
- Trading 63% below its 52-week high.
Automatically generated from public filings and market data. Informational only — not investment advice or a recommendation to buy or sell any security.
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