Stocktoria
FTC Solar, Inc. FTCI
Nasdaq · XNAS · stock · Semiconductors & Related Devices · website · IPO 2021-04-28
Chart by TradingView
4/9
Piotroski F — financial health
-13.15
Altman Z″ — distress risk · distress
—
Dividend payout · no dividend
Financials & ratios (annual, from 10-K)
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Financials | |||||
| Revenue | $99.7M | $47.4M | $127.0M | $123.1M | $270.5M |
| Gross profit | -$880,000 | -$12.6M | $8.3M | -$27.2M | -$32.5M |
| Operating income | -$35.4M | -$52.8M | -$50.8M | -$99.6M | -$126.8M |
| Net income | -$79.6M | -$48.6M | -$50.3M | -$99.6M | -$106.6M |
| Operating cash flow | -$33.4M | -$34.7M | -$52.7M | -$54.5M | -$132.9M |
| Free cash flow | -$34.6M | -$36.3M | -$53.5M | -$55.5M | -$133.9M |
| Total assets | $111.8M | $89.9M | $123.1M | $134.4M | $243.0M |
| Total liabilities | $154.8M | $70.9M | $60.6M | $67.9M | $100.2M |
| Shareholders' equity | -$43.0M | $19.0M | $62.5M | $66.5M | $142.9M |
| Ratios | |||||
| Gross margin | -0.9% | -26.6% | 6.5% | -22.1% | -12.0% |
| Operating margin | -35.5% | -111.6% | -40.0% | -80.9% | -46.9% |
| Net margin | -79.8% | -102.6% | -39.6% | -80.9% | -39.4% |
| FCF margin | -34.7% | -76.7% | -42.1% | -45.1% | -49.5% |
| Return on assets | -71.2% | -54.0% | -40.9% | -74.1% | -43.9% |
| Return on equity | 185.2% | -255.3% | -80.5% | -149.9% | -74.6% |
| Debt / equity | -0.23× | 0.50× | 0.00× | — | 0.00× |
| Current ratio | 1.43 | 1.55 | 1.98 | 1.97 | 2.53 |
| Revenue growth | 110.5% | -62.7% | 3.2% | -54.5% | 44.4% |
Notable holders (13F)
| Investor | Shares | Value |
|---|---|---|
| RENAISSANCE TECHNOLOGIES LLC | 93,400 | $353,052 |
Why these scores methodology →
Piotroski F-score: 4/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -13.15 (distress)
- Working capital / assets 0.264
- Retained earnings / assets -3.822
- EBIT / assets -0.317
- Equity / liabilities -0.278
Sector peers
VFS · TM · HMC · SONY · AAPL · XOM · all Manufacturing →
Source: SEC EDGAR filings · CIK 0001828161 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.