Rankings
▼
Calendar
FTCI (FTC Solar, Inc.) Stock Financials & Earnings | Market Cap Arena
FTCI
FTC Solar, Inc.
Mkt Cap
$75M
Energy
·
Solar
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$100M
Net Income (TTM)
-$77M
EPS (TTM)
-$5.49
Free Cash Flow (TTM)
-$35M
Gross Margin
1.1%
Op. Margin
-33.5%
Net Margin
-77.2%
FCF Margin
-34.7%
P/S Ratio (TTM)
0.7x
P/E Ratio (TTM)
—
YoY Rev Growth
+110.5%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Next: Q1 2026 · Mar 30
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$41M
$2M
-$12M
Q2 23
$32M
$2M
-$10M
Q3 23
$31M
$3M
-$16M
Q4 23
$23M
$692K
-$12M
Q1 24
$13M
-$2M
-$13M
Q2 24
$11M
-$2M
-$12M
Q3 24
$10M
-$4M
-$15M
Q4 24
$13M
-$4M
-$13M
Q1 25
$21M
-$3M
-$11M
Q2 25
$20M
-$4M
-$11M
Q3 25
$26M
$2M
-$8M
Q4 25
$33M
$7M
-$4M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.7x
—
Q2 23
0.6x
—
Q3 23
0.6x
—
Q4 23
0.6x
—
Q1 24
0.8x
—
Q2 24
1.0x
—
Q3 24
1.3x
—
Q4 24
1.6x
—
Q1 25
1.3x
—
Q2 25
1.2x
—
Q3 25
0.9x
—
Q4 25
0.7x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$8M
-$8M
Q2 23
-$22M
-$23M
Q3 23
-$16M
-$16M
Q4 23
-$6M
-$7M
Q1 24
-$12M
-$12M
Q2 24
-$4M
-$4M
Q3 24
-$2M
-$3M
Q4 24
-$17M
-$17M
Q1 25
-$8M
-$9M
Q2 25
-$2M
-$2M
Q3 25
-$15M
-$15M
Q4 25
-$8M
-$8M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$28K
Q2 23
$167K
Q3 23
$265K
Q4 23
$356K
Q1 24
$432K
Q2 24
$699K
Q3 24
$224K
Q4 24
$290K
Q1 25
$83K
Q2 25
$185K
Q3 25
$525K
Q4 25
$336K
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-17.5%
-31.1%
Q2 23
+5.3%
-23.6%
Q3 23
+84.3%
+8.2%
Q4 23
-11.5%
-24.2%
Q1 24
-69.2%
-52.9%
Q2 24
-64.7%
-45.3%
Q3 24
-66.8%
-46.4%
Q4 24
-43.1%
-23.8%
Q1 25
+65.3%
+25.0%
Q2 25
+74.9%
+34.8%
Q3 25
+156.8%
+34.3%
Q4 25
+148.9%
+37.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$5M
12.0%
Q2 23
$3M
9.2%
Q3 23
$1M
3.9%
Q4 23
-$749K
-3.2%
Q1 24
$2M
13.0%
Q2 24
$1M
11.2%
Q3 24
$1M
13.0%
Q4 24
$1M
8.9%
Q1 25
$280K
1.3%
Q2 25
$936K
4.7%
Q3 25
$0
0.0%
Q4 25
$3M
8.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$2M
$11M
$2M
Q2 23
$2M
$9M
$2M
Q3 23
$2M
$11M
$6M
Q4 23
$1M
$6M
$5M
Q1 24
$1M
$7M
$2M
Q2 24
$2M
$6M
$2M
Q3 24
$1M
$7M
$2M
Q4 24
$1M
$6M
$2M
Q1 25
$924K
$5M
$1M
Q2 25
$1M
$5M
$1M
Q3 25
$1M
$6M
$2M
Q4 25
$1M
$7M
$2M
marketcaparena.com
Revenue Segments
Product
Service
Quarter
Product
Service
Q1 23
$33M
$8M
Q2 23
$21M
$11M
Q3 23
$27M
$3M
Q4 23
$21M
$2M
Q1 24
$11M
$2M
Q2 24
$9M
$3M
Q3 24
$7M
$3M
Q1 25
$18M
$3M
Q2 25
$16M
$4M
Q3 25
$20M
$6M
marketcaparena.com
Revenue by Geography
Quarter
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$41M
$0
$41M
Q2 23
$34M
$0
$34M
Q3 23
$32M
$0
$32M
Q4 23
$25M
$0
$25M
Q1 24
$14M
$0
$14M
Q2 24
$11M
$0
$11M
Q3 24
$8M
$0
$8M
Q4 24
$11M
$0
$11M
Q1 25
$6M
$0
$6M
Q2 25
$4M
$0
$4M
Q3 25
$24M
$0
$24M
Q4 25
$21M
$0
$21M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
11M
+2.8%
Q2 23
11M
+5.5%
Q3 23
12M
+6.3%
Q4 23
13M
+4.4%
Q1 24
13M
+0.4%
Q2 24
13M
+0.5%
Q3 24
13M
+1.0%
Q4 24
13M
+0.4%
Q1 25
15M
+14.1%
Q2 25
13M
-10.2%
Q3 25
15M
+13.7%
Q4 25
15M
+1.6%
marketcaparena.com