Skip to content
NASDAQ · SEMICONDUCTORS & RELATED DEVICES

FTC Solar, Inc. FTCI

7 fiscal years on record · USD · FY2025 reported · SEC filings only
$99.7M
▲ 110.5% YoY
$-79.6M
$-34.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

FTC Solar, Inc. is a global provider of solar tracker systems, supported by proprietary software and engineering services. Its customers are primarily engineering, procurement and construction companies, and it also contracts with developers and owners. The company operates in one business segment, the manufacturing and servicing of solar tracker systems. During the year ended December 31, 2025, its research and development costs totaled $4.4 million, including employee salaries and benefit costs. The company is headquartered in Austin, Texas, and has international subsidiaries in Australia, China, India, South Africa and Spain. FTC Solar, Inc. was founded in 2017 and is incorporated in the State of Delaware.

Written from the business description in FTC Solar, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 March 2026. Every sentence was checked against that document before publication.

Growth

USD 99.7M
Revenue, FY2025 · full 7-year series below
Revenue $M Net income $M
FY2025 · Revenue 99.7 · Net income -79.6
100M200M-50M-100M
201920222025
Compound annual growth
−6.8%
−11.9%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at −11.9% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−80 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -35.5% · Net -79.8%
-50%-100%
201920222025
ROE
FY2024 · ROE -119.3%
-50%-100%
201920222025
Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -84%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -34.6
-50M-100M
201920222025
Net buybacks $M Dividends $M
FY2023 · Dividends · · Net buybacks -34.0
20M40M-15M-30M
20192020202120222023

Total assetsUSD 111.8M
EquityUSD -43.0M
CashUSD 21.1M
Gross debtUSD 22.6M
Net debtUSD 1.5M
Current ratio1.43×

Equity was zero or negative — liabilities equaled or exceeded assets. No ratio is shown.

The 7-year record

7 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
FTCI, 7-year financial record
Metric 2025202420232022202120202019
Revenue $B0.10.00.10.10.30.20.1
Operating income $B−0.0−0.1−0.1−0.1−0.1−0.0−0.0
EBITDA $B−0.0−0.1−0.0−0.1−0.1−0.0−0.0
Income tax $B0.00.0−0.00.00.0−0.0−0.0
Net income $B−0.1−0.0−0.1−0.1−0.1−0.0−0.0
Free cash flow $B−0.0−0.0−0.1−0.1−0.10.0−0.0
EPS, diluted $−5.68−3.83−4.35−0.98−1.24−0.23−0.22
Dividend / sh $◌◌◌◌◌◌◌
Payout % — not applicable: no dividend———————
ROE %—−119.3−78.0−95.2−141.8——
Shares out B0.020.010.130.110.090.07◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 33 reconciliationsAUDITED

Reconciled in 7 of the 7 fiscal years we could check. 26 checks were skipped: the balance sheet is not tagged before 2020. 12 checks were skipped: EPS is not tagged before 2019. 12 checks were skipped: revenue is not tagged before 2019.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivitySemiconductors & Related Devices
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2019

Share this section

Download image