FTC Solar, Inc. (FTCI) — Financial statements
Income statement, balance sheet, and cash flow for FTC Solar, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 100↑110.5% | 47↓62.7% | 127↑3.2% | 123↓54.5% | 271 | |
| Cost of Revenue | 99↑64.4% | 60↓49.5% | 119↓21.0% | 150↓50.4% | 303 | |
| Gross Profit | 1↑109.0% | -13↓251.6% | 8↑130.5% | -27↑16.3% | -33 | |
| Operating Expenses | ||||||
| R&D Expenses | 4↓25.8% | 6↓17.5% | 7↓28.0% | 10↓13.8% | 12 | |
| General & Administrative Expenses | 24↓5.8% | 25↓31.4% | 37↓30.9% | 54↓29.2% | 76 | |
| Selling & Marketing Expenses | 6↓30.2% | 9↓40.0% | 15↑71.0% | 9↑26.9% | 7 | |
| SG&A Expenses | 30↓12.1% | 34↓33.9% | 52↓16.8% | 62↓24.6% | 83 | |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Operating Expenses | 35↓14.1% | 40↓31.9% | 59↓18.3% | 72↓23.2% | 94 | |
| Total Costs & Expenses | 133↑32.9% | 100↓43.6% | 178↓20.1% | 223↓44.0% | 397 | |
| Operating Results | ||||||
| Operating Income | -33↑36.7% | -53↓4.0% | -51↑49.0% | -100↑21.5% | -127 | |
| Depreciation & Amortization | 1↓23.0% | 2↑21.5% | 1↑52.8% | 0.90↑287.9% | 0.23 | |
| EBITDA | -32↑30.7% | -46↑5.3% | -49↑49.6% | -97↑7.7% | -105 | |
| EBIT | -33↑30.4% | -48↑4.6% | -50↑48.7% | -98↑7.0% | -106 | |
| Interest & Other Income | ||||||
| Net Interest Income | -8↓2261.8% | -0.32↓26.1% | -0.25↑74.1% | -0.98↓20.1% | -0.81 | |
| Interest Income | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 8↑2269.0% | 0.32↑26.1% | 0.25↓74.1% | 0.98↑20.1% | 0.81 | |
| Non-Operating Income | 0.00↑100.0% | -5↓1087.3% | -0.40↑70.7% | -1↑93.5% | -21 | |
| Other Income / Expenses | -43↓1065.0% | 4↑2889.3% | 0.15↓62.2% | 0.39↓98.1% | 20 | |
| Income Before Tax | -76↓57.9% | -48↑4.4% | -51↑49.0% | -99↑6.8% | -106 | |
| Income Tax Expense | 0.53↑128.3% | 0.23↑168.0% | -0.34↓177.7% | 0.44↑157.4% | 0.17 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -77↓58.3% | -49↑3.3% | -50↑49.5% | -100↑6.5% | -107 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -77↓58.3% | -49↑3.3% | -50↑49.5% | -100↑6.5% | -107 | |
| Bottom-Line Net Income | -77↓58.3% | -49↑3.3% | -50↑49.5% | -100↑6.5% | -107 | |
| EPS (Basic) | -5.49↓43.3% | -3.83↑12.0% | -4.35↑55.7% | -9.82↑20.7% | -12.39 | |
| EPS (Diluted) | -5.49↓43.3% | -3.83↑12.0% | -4.35↑55.7% | -9.82↑20.7% | -12.39 | |
| Weighted Average Shares | 14↑10.5% | 13↑9.7% | 12↑13.9% | 10↑17.9% | 9 | |
| Weighted Average Diluted Shares | 14↑10.5% | 13↑9.7% | 12↑13.9% | 10↑17.9% | 9 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.