FTC Solar, Inc.
FTCI Nasdaq· Semiconductors & Related Devices
Last close · Oct 23, 2026
$1.48
KIRA · Stoqly’s AI analyst, in plain words
- FTC Solar, Inc. had $99.7M of revenue in fiscal 2025, up 110.5% on the year before. Over five years, revenue changed −11.9% a year on average.
- Its operating margin was −35.5%, up 76.0 pts: of every 100 in sales, about −36 is left after running the business.
- FTC Solar, Inc. lost $79.6M in fiscal 2025.
- Free cash flow was −$34.6M in fiscal 2025, −34.7% of revenue.
- FTC Solar, Inc. owes $1.5M more than it holds in cash.
Market cap
$23.8M
P/E
—
Revenue
$99.7M
Net income
−$79.6M
Free cash flow
−$34.6M
Operating margin
−35.5%
FTC Solar, Inc. in 30 seconds · fiscal 2025
Are sales growing?
+110.5%
Yes. Sales grew 110.5% last year.
Does it make a profit?
−79.8%
No. It lost money last year.
Does profit turn into cash?
−34.7%
No. It spent more cash than it brought in.
How healthy are the accounts?
3 / 9
Weak. It passes 3 of 9 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What FTC Solar, Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 24, 2026
- Legal name
- FTC Solar, Inc.
- CIK
- 0001828161
FTC Solar, Inc. · FTCI
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $271M | $123M | $127M | $47.4M | $99.7M |
| Revenue growth | 44.4% | −54.5% | 3.2% | −62.7% | 110.5% |
| Net interest income | −$0.8M | −$1.0M | −$0.3M | −$0.3M | — |
| Gross margin | −12.0% | −22.1% | 6.5% | −26.6% | −0.9% |
| Operating margin | −46.9% | −80.9% | −40.0% | −111.6% | −35.5% |
| Net income | −$107M | −$99.6M | −$50.3M | −$48.6M | −$79.6M |
| Net margin | −39.4% | −80.9% | −39.6% | −102.6% | −79.8% |
| Diluted EPS | −$1.24 | −$0.98 | −$4.35 | −$3.83 | −$5.68 |
| Cash | |||||
| Cash from operations | −$133M | −$54.5M | −$52.7M | −$34.7M | −$33.4M |
| Capital expenditure | $1.0M | $1.0M | $0.8M | $1.6M | $1.1M |
| Free cash flow | −$134M | −$55.5M | −$53.5M | −$36.3M | −$34.6M |
| FCF margin | −49.5% | −45.1% | −42.1% | −76.7% | −34.7% |
| Share buybacks | $54.2M | $0.0M | $0.0M | — | — |
| Share count change | 25.0% | 17.9% | −88.6% | 9.7% | 10.5% |
| Debt and strength | |||||
| Cash and short-term investments | $102M | $44.4M | $25.2M | $11.2M | $21.1M |
| Debt incl. finance leases | $0.0M | $0.0M | $0.0M | $9.5M | $22.6M |
| Shareholders' equity | $143M | $66.5M | $62.5M | $19.0M | −$43.0M |
| Current ratio | 2.5x | 2.0x | 2.0x | 1.6x | 1.4x |
| Interest coverage | — | — | — | −79.4x | −4.3x |
| Returns and quality | |||||
| Return on capital | −246.2% | −356.5% | −107.7% | −241.9% | — |
| Return on equity | −141.8% | −95.2% | −78.0% | −119.3% | — |
| Return on tangible equity | −74.6% | −172.3% | −92.1% | −408.6% | — |
| Piotroski F-score | 2 | 1 | 5 | 1 | 3 |
| Altman Z'' | −0.2 | −7.1 | −6.7 | −14.3 | −13.1 |
Insiders bought, 12 months
$0.7M
3 insiders
Insiders sold, 12 months
$1.4M
4 insiders
Of sales under plans
66%
$0.9M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FTC Solar, Inc. · FTCI
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.48 a share, the company is worth $23.8M.
Source: SEC EDGAR XBRL filings (CIK 0001828161). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.