Financials in USD. Standardized financial statements.
A compact view of how FTC Solar, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|
| Revenue? | $99.69M | $47.35M | $127.00M | $123.07M | $270.52M | $187.35M | $53.12M |
| Revenue Growth? | +110.5% | -62.7% | +3.2% | -54.5% | +44.4% | +252.7% | 0.0% |
| Cost of Revenue? | $98.56M | $59.95M | $118.69M | $150.29M | $303.07M | $183.71M | $55.08M |
| Gross Profit? | $1.13M | -$12.59M | $8.31M | -$27.23M | -$32.55M | $3.64M | -$1.95M |
| Gross Margin? | +1.1% | -26.6% | +6.5% | -22.1% | -12.0% | +1.9% | -3.7% |
| Operating Expenses? | $34.54M | $40.24M | $59.08M | $72.34M | $94.26M | $20.57M | $10.42M |
| Operating Income? | -$33.41M | -$52.83M | -$50.78M | -$99.57M | -$126.80M | -$16.93M | -$12.37M |
| EBITDA? | -$32.14M | -$46.39M | -$49.00M | -$97.30M | -$105.37M | -$15.60M | -$11.96M |
| Income Before Tax | -$76.40M | -$48.38M | -$50.63M | -$99.18M | -$106.42M | -$16.01M | -$13.53M |
| Income Tax Expense | $525,000 | $230,000 | -$338,000 | $435,000 | $169,000 | -$83,000 | -$39,000 |
| Net Income? | -$76.92M | -$48.61M | -$50.29M | -$99.61M | -$106.59M | -$15.92M | -$13.49M |
| EPS? | $-5.49 | $-3.83 | $-4.35 | $-9.82 | $-12.39 | $-0.20 | $-0.16 |
| Diluted EPS? | $-5.49 | $-3.83 | $-4.35 | $-9.82 | $-12.39 | $-0.20 | $-0.16 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality