FTC Solar, Inc. income statement

In fiscal 2025, FTC Solar, Inc. reported revenue of $99.7m, up 110.5% on the year before, operating income of −$35.4m (a -35.5% margin) and net income of −$79.6m, or −$5.68 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

FTC Solar, Inc.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	53	187	271	123	127	47	100	102
Cost of revenue	55	184	303	150	119	60	101	99
Gross profit	−2	4	−33	−27	8	−13	−1	3
Research and development	4	5	12	10	7	6	4	5
Selling and marketing	2	4	7	9	15	9	6	8
General and administrative	5	12	76	54	37	25	24	30
Operating income	−12	−17	−127	−100	−51	−53	−35	−39
Interest expense	—	—	—	—	−1	1	8	15
Net interest income	−0	−0	−1	−1	−0	−0	—	—
Income before tax	−14	−16	−106	−99	−51	−48	−79	−54
Income tax	−0	−0	0	0	−0	0	1	1
Net income	−13	−16	−107	−100	−50	−49	−80	−55
Diluted EPS	−$2.20	−$2.30	−$12.40	−$9.80	−$4.35	−$3.83	−$5.68	−$3.28
Diluted shares (average)	6m	7m	9m	10m	12m	13m	14m	17m
EBITDA	−12	−17	−127	−99	−49	−51	−34	−38

US$ millions unless shown otherwise. Fiscal quarters.

FTC Solar, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	10	13	21	20	26	33	17	26
Cost of revenue	14	17	24	24	24	28	18	28
Gross profit	−4	−4	−3	−4	2	5	−1	−2
Research and development	1	1	1	1	1	1	1	1
Selling and marketing	2	2	1	1	2	2	2	2
General and administrative	7	6	5	5	6	7	8	8
Operating income	−15	−13	−11	−11	−8	−6	−12	−14
Interest expense	0	0	1	1	2	5	4	4
Net interest income	0	−0	—	—	—	—	—	—
Income before tax	−15	−12	−4	−15	−24	−36	33	−27
Income tax	0	−0	0	0	0	0	0	0
Net income	−15	−12	−4	−15	−24	−36	33	−27
Diluted EPS	−$1.21	−$0.95	−$0.58	−$1.18	−$1.61	−$2.51	−$0.72	−$1.69
EBITDA	−15	−13	−10	−11	−7	−5	−12	−13

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from FTC Solar, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to FTC Solar, Inc.