Stocktoria
FTC Solar, Inc. FTCI
FTC Solar, Inc. financials (annual)
Bars are annual figures from 2020 to 2025; red bars are negative (a loss or cash outflow).
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $99.7M | $47.4M | $127.0M | $123.1M | $270.5M | $187.4M |
| Gross profit | -$880,000 | -$12.6M | $8.3M | -$27.2M | -$32.5M | $3.6M |
| R&D expense | $4.4M | $5.9M | $7.2M | $9.9M | $11.5M | $5.2M |
| Operating income | -$35.4M | -$52.8M | -$50.8M | -$99.6M | -$126.8M | -$16.9M |
| Interest expense | $8.2M | $665,000 | -$1.3M | — | — | — |
| Income tax | $525,000 | $230,000 | -$338,000 | $435,000 | $169,000 | -$83,000 |
| Net income | -$79.6M | -$48.6M | -$50.3M | -$99.6M | -$106.6M | -$15.9M |
| EPS (diluted) | $-5.68 | $-3.83 | $-4.35 | $-0.98 | $-1.24 | $-0.23 |
| Operating cash flow | -$33.4M | -$34.7M | -$52.7M | -$54.5M | -$132.9M | $629,000 |
| Free cash flow | -$34.6M | -$36.3M | -$53.5M | -$55.5M | -$133.9M | $373,000 |
| Cash & equivalents | $21.1M | $11.2M | $25.2M | $44.4M | $102.2M | $32.4M |
| Inventory | $9.6M | $10.1M | $3.9M | $14.9M | $8.9M | $1.7M |
| Total assets | $111.8M | $89.9M | $123.1M | $134.4M | $243.0M | $71.4M |
| Total liabilities | $154.8M | $70.9M | $60.6M | $67.9M | $100.2M | $63.9M |
| Shareholders' equity | -$43.0M | $19.0M | $62.5M | $66.5M | $142.9M | $7.5M |
Growth · year-over-year · Revenue CAGR -11.9%
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue growth | +110.5% | -62.7% | +3.2% | -54.5% | +44.4% | — |
| Free cash flow growth | — | — | — | — | -35992.5% | — |
Each column is the change versus the prior fiscal year. Growth off a negative or zero base is shown as “—”. CAGR is the compound annual revenue growth across the years shown.
Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.