FTC Solar, Inc. (NASDAQ:FTCI)
FTC Solar, Inc. has a live Insider Score.
Scored on 4 qualifying trades from 2 insiders in the last 90 days.
Loses money on what it sells.
- Revenue
- $102.3M
- Net income
- -$52.2M
- Net margin
- -51.0%
Not enough balance-sheet detail to judge the debt load.
- Total debt
- $24.3M
- Cash
- $10.1M
Owes more within a year than it holds to pay it.
- Current assets
- $83.3M
- Current liabilities
- $91.2M
- Current ratio
- 0.91
Consumes cash and must keep raising it.
- Operating cash flow
- -$27.1M
- Free cash flow
- -$28.6M
- FCF margin
- -28.0%
Burning cash with under a year of runway — expect a raise.
- Shares outstanding
- 16.0M
- Share growth (1y)
- 22.5%
- Cash runway
- 4 months
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
FTCI Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 26.16 M | 17.27 M | 32.86 M | 26.03 M | 19.99 M | 20.80 M |
| Revenue Growth (YoY) | 30.83 % | -17.01 % | 148.91 % | 156.81 % | 74.92 % | 65.27 % |
| Cost of Revenue | 28.39 M | 18.49 M | 25.96 M | 24.44 M | 23.91 M | 24.25 M |
| Gross Profit | -2.23 M | -1.23 M | 6.90 M | 1.59 M | -3.92 M | -3.45 M |
| SG&A Expense | 10.28 M | 9.71 M | 9.45 M | 8.07 M | 6.45 M | 6.19 M |
| R&D Expense | 1.21 M | 1.12 M | 1.11 M | 1.23 M | 1.13 M | 924.00 K |
| Operating Expenses | 11.49 M | 10.83 M | 10.55 M | 9.30 M | 7.58 M | 7.11 M |
| Operating Income | -13.73 M | -12.06 M | -3.65 M | -7.71 M | -11.50 M | -10.56 M |
| Pretax Income | -26.91 M | 32.79 M | -33.55 M | -23.89 M | -15.39 M | -3.56 M |
| Tax Provision | 217.00 K | 195.00 K | 188.00 K | 44.00 K | 39.00 K | 254.00 K |
| Net Income | -27.12 M | 32.60 M | -33.73 M | -23.94 M | -15.43 M | -3.82 M |
| EPS (Basic) | -1.69 | -0.72 | -2.23 | -1.61 | -1.18 | -0.30 |
| EPS (Diluted) | -1.69 | -0.72 | -2.23 | -1.61 | -1.18 | -0.58 |
| Shares Outstanding | 16.05 M | 15.14 M | 15.14 M | 14.90 M | 13.10 M | 12.89 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.