FTCI - Company ID 0001828161
The table below shows FTC Solar, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $99.69M | $47.35M | $127.00M | $123.07M | $270.52M | $187.35M |
| Cost of revenue | $100.57M | $59.95M | $118.69M | $150.29M | $303.07M | $183.71M |
| Gross profit | -$880.00K | -$12.59M | $8.31M | -$27.23M | -$32.55M | $3.64M |
| R&D | $4.39M | $5.92M | $7.17M | $9.95M | $11.54M | $5.22M |
FTC Solar, Inc. reported annual revenue of $99.69M for fiscal year 2025. That is up 110.5% from $47.35M in fiscal 2024. Over the 7 fiscal years shown, annual revenue grew from $53.12M (FY 2019) to $99.69M. Figures come from the company's audited annual reports as filed with the SEC.
Data parsed from SEC EDGAR XBRL filings. See the full market cap rankings.
| SG&A | $23.95M | $25.44M | $37.11M | $53.74M | $75.90M | $11.80M |
| Operating income | -$35.42M | -$52.83M | -$50.78M | -$99.57M | -$126.80M | -$16.93M |
| Income tax | $525.00K | $230.00K | -$338.00K | $435.00K | $169.00K | -$83.00K |
| Net income | -$79.58M | -$48.61M | -$50.29M | -$99.61M | -$106.59M | -$15.92M |
| EPS (diluted) | -$5.68 | -$3.83 | -$4.35 | -$0.98 | -$1.24 | -$0.23 |