FTC Solar, Inc.FTCIEarnings & Financial Report
Nasdaq
NextMar 31, 2026
FTCI Q3 2025 Key Financial Metrics
Revenue
$26.0M
Gross Profit
$1.6M
Operating Profit
$-7.7M
Net Profit
$-23.9M
Gross Margin
6.1%
Operating Margin
-29.6%
Net Margin
-92.0%
YoY Growth
156.8%
EPS
$-1.61
Financial Flow
FTC Solar, Inc. Q3 2025 Financial Summary
FTC Solar, Inc. reported revenue of $26.0M for Q3 2025, with a net profit of $-23.9M (-92.0% margin). Cost of goods sold was $24.4M, operating expenses totaled $9.3M.
Key Financial Metrics
| Total Revenue | $26.0M |
|---|---|
| Net Profit | $-23.9M |
| Gross Margin | 6.1% |
| Operating Margin | -29.6% |
| Report Period | Q3 2025 |
FTC Solar, Inc. Annual Revenue by Year
FTC Solar, Inc. annual revenue history includes year-by-year totals (for example, 2024 revenue was $47.4M).
| Year | Annual Revenue |
|---|---|
| 2024 | $47.4M |
| 2023 | $127.0M |
| 2022 | $123.1M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $23.2M | $12.6M | $11.4M | $10.1M | $13.2M | $20.8M | $20.0M | $26.0M |
| YoY Growth | -11.5% | -69.2% | -64.7% | -66.8% | -43.1% | 65.3% | 74.9% | 156.8% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $123.1M | $115.0M | $100.3M | $91.7M | $89.9M | $84.1M | $83.0M | $111.5M |
| Liabilities | $60.6M | $59.9M | $56.1M | $61.3M | $70.9M | $68.5M | $73.9M | $125.3M |
| Equity | $62.5M | $55.2M | $44.2M | $30.4M | $19.0M | $15.5M | $9.0M | $-13.7M |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $-6.3M | $-11.9M | $-3.8M | $-2.4M | $-16.7M | $-8.5M | $-2.3M | $-14.6M |