Company research
FTC Solar, Inc.
CIK 1828161Updated Sep 29, 2026
SecurityFTCI · NASDAQ · equity
Name history
FTC Solar, Inc. · through Sep 1, 2026
FTCI price & chart
Loading TradingView…
NASDAQ:FTCI on TradingView ↗About the company
We are a global provider of solar tracker systems, supported by proprietary software and value-added engineering services. 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. Our one module-in-portrait (“1P”) solar tracker system is marketed under the Pioneer brand name (“Pioneer”), and our original two modules-in-portrait (“2P”) solar tracker system is marketed under the Voyager brand name (“Voyager”). We also have a mounting solution to support the installation and use of U.S.-manufactured thin-film modules. Our primary software offerings include SUNPATH, which helps customers optimize solar tracking for increased energy production, and our SUNOPS real-time operations management platform. In addition, we have a team of renewable energy professionals available to assist our U.S. and worldwide clients in site layout, structural design, pile testing and other needs across the solar project development and construction cycle. Our products and services provide tracker solutions for large utility-scale solar and distributed generation projects a…
In the news
FTC Solar to Participate in Upcoming Investor Events ↗
Recent filings
Show 5 more recent filings
Financials
FY 2025 · USDSource
Source
Source
Source
Source
Source
balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 111,812,000Source | 89,928,000Source | 123,070,000Source | 134,398,000Source |
| Property, Plant and Equipment, NetUSD | 3,793,000Source | 2,217,000Source | 1,823,000Source | 1,702,000Source |
| GoodwillUSD | 7,444,000Source | 7,139,000Source | 7,353,000Source | 7,538,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | 0Source | 542,000Source | 1,113,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 21,105,000Source | 11,247,000Source | 25,235,000Source | 44,385,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 55,743,000Source | 39,709,000Source | 65,279,000Source | 49,052,000Source |
| Inventory, NetUSD | 9,627,000Source | 10,144,000Source | 3,905,000Source | 14,949,000Source |
| Assets, CurrentUSD | 97,769,000Source | 76,128,000Source | 108,508,000Source | 118,690,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 11,294,000Source | 15,028,000Source | 14,089,000Source | 10,304,000Source |
| Operating Lease, Right-of-Use AssetUSD | 983,000Source | 1,149,000Source | 1,819,000Source | 1,154,000Source |
| Other Assets, NoncurrentUSD | 1,823,000Source | 2,341,000Source | 2,785,000Source | 4,201,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 154,770,000Source | 70,892,000Source | 60,599,000Source | 67,948,000Source |
| Stockholders’ equity: | ||||
| Preferred Stock, Value, IssuedUSD | 0Source | 0Source | 0Source | 0Source |
| Common Stock, Value, IssuedUSD | 2,000Source | 1,000Source | 13,000Source | 11,000Source |
| Additional Paid in CapitalUSD | 384,648,000Source | 367,318,000Source | 361,886,000Source | 315,345,000Source |
| Retained Earnings (Accumulated Deficit)USD | -427,318,000Source | -347,741,000Source | -299,135,000Source | -248,845,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -290,000Source | -542,000Source | -293,000Source | -61,000Source |
| Stockholders' Equity Attributable to ParentUSD | -42,958,000Source | 19,036,000Source | 62,471,000Source | 66,450,000Source |
| Liabilities and EquityUSD | 111,812,000Source | 89,928,000Source | 123,070,000Source | 134,398,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 68,225,000Source | 49,073,000Source | 54,665,000Source | 60,340,000Source |
| Operating Lease, Liability, CurrentUSD | 404,000Source | 755,000Source | 740,000Source | 417,000Source |
| Accounts Payable, CurrentUSD | 13,247,000Source | 12,995,000Source | 7,979,000Source | 15,801,000Source |
| Operating Lease, Liability, NoncurrentUSD | 553,000Source | 411,000Source | 1,124,000Source | 786,000Source |
| Other Liabilities, NoncurrentUSD | 1,556,000Source | 2,422,000Source | 4,810,000Source | 6,822,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 23,770,000Source | 20,134,000Source | 34,848,000Source | 23,896,000Source |
| Deferred Tax Liabilities, NetUSD | 170,000Source | 313,000Source | 505,000Source | 624,000Source |
| Long-term DebtUSD | 9,921,000Source | 9,466,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Depreciation and amortization | — | — | — | — |
| Share-based Payment Arrangement, Noncash ExpenseUSD | 4,960,000Source | 5,412,000Source | 8,295,000Source | 20,303,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 10,191,000Source | -23,498,000Source | 23,600,000Source | -57,337,000Source |
| Increase (Decrease) in InventoriesUSD | -1,429,000Source | 6,416,000Source | -10,338,000Source | 7,902,000Source |
| Increase (Decrease) in Accounts PayableUSD | -4,507,000Source | 4,963,000Source | -7,960,000Source | -22,940,000Source |
| Deferred Income Tax Expense (Benefit)USD | 221,000Source | 83,000Source | 138,000Source | -135,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -33,444,000Source | -34,699,000Source | -52,656,000Source | -54,510,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | — | — | 0Source | 5,093,000Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 2,801,000Source | 6,262,000Source | -397,000Source | -4,247,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 1,129,000Source | 1,645,000Source | 816,000Source | 985,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | — | 0Source | 0Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 40,399,000Source | 14,498,000Source | 33,950,000Source | 903,000Source |
| Repayments of Long-term DebtUSD | — | — | 0Source | 0Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | 9,858,000Source | -13,988,000Source | -19,150,000Source | -57,800,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | 11,247,000Source | 25,235,000Source | 44,385,000Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 102,000Source | -49,000Source | -47,000Source | 54,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 4,960,000Source | 5,412,000Source | 8,295,000Source | 20,303,000Source |
| Amortization of Debt Issuance CostsUSD | 3,802,000Source | 296,000Source | 709,000Source | 703,000Source |
| Amortization of Intangible AssetsUSD | — | 500,000Source | 500,000Source | 300,000Source |
| DepreciationUSD | 1,281,000Source | 1,136,000Source | 833,000Source | 631,000Source |
| Equity Method Investment, Realized Gain (Loss) on DisposalUSD | 3,204,000Source | 8,807,000Source | 1,319,000Source | 1,745,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | 0Source | 2,000Source | -183,000Source |
| Gain (Loss) on Extinguishment of DebtUSD | -173,000Source | — | 0Source | 0Source |
| General and Administrative ExpenseUSD | 23,955,000Source | 25,440,000Source | 37,107,000Source | 53,736,000Source |
| GoodwillUSD | 7,444,000Source | 7,139,000Source | 7,353,000Source | 7,538,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -660,000Source | 0Source |
| Income (Loss) from Equity Method Investments, Net of Dividends or DistributionsUSD | 1,551,000Source | -1,086,000Source | -660,000Source | 0Source |
| Income Tax Expense (Benefit)USD | 525,000Source | 230,000Source | -338,000Source | 435,000Source |
| Net Income (Loss) Attributable to ParentUSD | -79,577,000Source | -48,606,000Source | -50,290,000Source | -99,613,000Source |
| Operating ExpensesUSD | 34,543,000Source | 40,236,000Source | 59,084,000Source | 72,344,000Source |
| Other Nonoperating Income (Expense)USD | 140,000Source | 468,000Source | — | — |
| Payments of Financing CostsUSD | 159,000Source | 60,000Source | — | — |
| Proceeds from Issuance of Common StockUSD | 4,710,000Source | 0Source | 34,007,000Source | 0Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 0Source |
| Proceeds from Stock Options ExercisedUSD | 15,000Source | 8,000Source | 226,000Source | 903,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 99,687,000Source | 47,355,000Source | 127,002,000Source | 123,066,000Source |
| Cost of RevenueUSD | 100,567,000Source | 59,949,000Source | 118,695,000Source | 150,294,000Source |
| Operating Income (Loss)USD | -35,423,000Source | -52,830,000Source | -50,777,000Source | -99,572,000Source |
| Other Nonoperating Income (Expense)USD | 140,000Source | 468,000Source | — | — |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -79,052,000Source | -48,376,000Source | -50,628,000Source | -99,178,000Source |
| Income Tax Expense (Benefit)USD | 525,000Source | 230,000Source | -338,000Source | 435,000Source |
| Net Income (Loss) Attributable to ParentUSD | -79,577,000Source | -48,606,000Source | -50,290,000Source | -99,613,000Source |
| Earnings Per Share, BasicUSD per share | -5.68Source | -3.83Source | -0.44Source | -0.98Source |
| Earnings Per Share, DilutedUSD per share | -5.68Source | -3.83Source | -0.44Source | -0.98Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 14,012,298Source | 12,675,923Source | 115,546,150Source | 101,408,263Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 14,012,298Source | 12,675,923Source | 115,546,150Source | 101,408,263Source |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | — | 500,000Source | 500,000Source | 300,000Source |
| Current Income Tax Expense (Benefit)USD | 304,000Source | 355,000Source | -255,000Source | 435,000Source |
| Depreciation, Depletion and Amortization, NonproductionUSD | 1,275,000Source | 1,671,000Source | 1,375,000Source | 900,000Source |
| General and Administrative ExpenseUSD | 23,955,000Source | 25,440,000Source | 37,107,000Source | 53,736,000Source |
| Goodwill, Impairment LossUSD | 0Source | 0Source | 0Source | 0Source |
| Gross ProfitUSD | -880,000Source | -12,594,000Source | 8,307,000Source | -27,228,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | -660,000Source | 0Source |
| Interest ExpenseUSD | 8,205,000Source | -665,000Source | — | — |
| Interest Expense, DebtUSD | — | 700,000Source | — | — |
| Interest Income (Expense), NetUSD | — | -319,000Source | -253,000Source | -978,000Source |
| Interest Income, OperatingUSD | 23,000Source | 346,000Source | — | — |
| Operating ExpensesUSD | 34,543,000Source | 40,236,000Source | 59,084,000Source | 72,344,000Source |
| Other ExpensesUSD | 14,065,000Source | 15,991,000Source | — | — |
| Research and Development ExpenseUSD | 4,387,000Source | 5,915,000Source | 7,166,000Source | 9,949,000Source |
| Selling and Marketing ExpenseUSD | 6,201,000Source | 8,881,000Source | 14,811,000Source | 8,659,000Source |
Offerings
Registration 333-298205
Filing attachments
ftci-ex99_1.htm · 8-K · 2026-08-05
EX-99.1 5 ftci-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 FTC Solar Announces Second Quarter 2026 Financial Results Second Quarter Highlights and Recent Developments • Second quarter revenue up 52% q/q, 31% y/y, ahead of target • Awarded 400MW project with top EPC and top developer • Awarded 80+MW project in Australia for 2H delivery • Scheduled to begin deliveries on 330+MW Australia project • Announced entry into India market with multiple initial project wins • Reaffirm outlook for …
Read attachment ↗ftci-ex99_1.htm · 8-K · 2026-05-05
EX-99.1 3 ftci-ex99_1.htm EX-99.1 EX-99.1 Exhibit 99.1 FTC Solar Announces First Quarter 2026 Financial Results and Leadership Transition First Quarter Highlights and Recent Developments • Awarded 1GW agreement for 1P trackers from new customer with a leading global company offtaker • First quarter revenue of $17.3 million • Profitability metrics (ex-warrant gain) within target ranges • Leadership transition announced with Board Member Anthony Carroll appointed CEO AUSTIN, Texas - …
Read attachment ↗