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Side-by-side financial comparison of First Foundation Inc. (FFWM) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
First Foundation Inc. is the larger business by last-quarter revenue ($48.4M vs $32.9M, roughly 1.5× FTC Solar, Inc.). First Foundation Inc. runs the higher net margin — -97.9% vs -110.7%, a 12.9% gap on every dollar of revenue. On growth, First Foundation Inc. posted the faster year-over-year revenue change (421.7% vs 148.9%). FTC Solar, Inc. produced more free cash flow last quarter ($-8.4M vs $-35.2M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs -2.7%).
John B. Lacson Colleges Foundation (Bacolod), Inc. is a private maritime college in Bacolod, Negros Occidental, Philippines.
FTC Solar, Inc. is a leading global provider of advanced solar tracker systems, associated components, and supporting software for solar projects. It serves utility-scale, commercial, and industrial solar segments across key global markets, helping customers boost energy generation efficiency and lower overall project costs.
FFWM vs FTCI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $48.4M | $32.9M |
| Net Profit | $-8.0M | $-36.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | -97.5% | -17.2% |
| Net Margin | -97.9% | -110.7% |
| Revenue YoY | 421.7% | 148.9% |
| Net Profit YoY | 43.0% | -197.4% |
| EPS (diluted) | $-0.09 | $-2.31 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $48.4M | $32.9M | ||
| Q3 25 | $63.6M | $26.0M | ||
| Q2 25 | $51.4M | $20.0M | ||
| Q1 25 | $71.4M | $20.8M | ||
| Q4 24 | $9.3M | $13.2M | ||
| Q3 24 | $9.2M | $10.1M | ||
| Q2 24 | $57.5M | $11.4M | ||
| Q1 24 | $51.1M | $12.6M |
| Q4 25 | $-8.0M | $-36.4M | ||
| Q3 25 | $-146.3M | $-23.9M | ||
| Q2 25 | $-7.7M | $-15.4M | ||
| Q1 25 | $6.9M | $-3.8M | ||
| Q4 24 | $-14.1M | $-12.2M | ||
| Q3 24 | $-82.2M | $-15.4M | ||
| Q2 24 | $3.1M | $-12.2M | ||
| Q1 24 | $793.0K | $-8.8M |
| Q4 25 | — | 14.9% | ||
| Q3 25 | — | 6.1% | ||
| Q2 25 | — | -19.6% | ||
| Q1 25 | — | -16.6% | ||
| Q4 24 | — | -29.1% | ||
| Q3 24 | — | -42.5% | ||
| Q2 24 | — | -20.5% | ||
| Q1 24 | — | -16.7% |
| Q4 25 | -97.5% | -17.2% | ||
| Q3 25 | -92.7% | -29.6% | ||
| Q2 25 | -21.1% | -57.5% | ||
| Q1 25 | 8.8% | -50.8% | ||
| Q4 24 | -247.7% | -101.7% | ||
| Q3 24 | -1276.7% | -147.8% | ||
| Q2 24 | 4.6% | -104.3% | ||
| Q1 24 | -0.2% | -99.3% |
| Q4 25 | -97.9% | -110.7% | ||
| Q3 25 | -230.1% | -92.0% | ||
| Q2 25 | -15.0% | -77.2% | ||
| Q1 25 | 9.7% | -18.4% | ||
| Q4 24 | -152.2% | -92.7% | ||
| Q3 24 | -896.9% | -151.5% | ||
| Q2 24 | 5.4% | -107.1% | ||
| Q1 24 | 1.6% | -69.7% |
| Q4 25 | $-0.09 | $-2.31 | ||
| Q3 25 | $-1.78 | $-1.61 | ||
| Q2 25 | $-0.09 | $-1.18 | ||
| Q1 25 | $0.08 | $-0.58 | ||
| Q4 24 | $-0.24 | $-0.95 | ||
| Q3 24 | $-1.23 | $-1.21 | ||
| Q2 24 | $0.05 | $-0.97 | ||
| Q1 24 | $0.01 | $-0.70 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.6B | $21.1M |
| Total DebtLower is stronger | — | $9.9M |
| Stockholders' EquityBook value | $912.6M | $-43.0M |
| Total Assets | $11.9B | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $21.1M | ||
| Q3 25 | $1.7B | $24.4M | ||
| Q2 25 | $1.1B | $3.5M | ||
| Q1 25 | $1.0B | $5.9M | ||
| Q4 24 | $1.0B | $11.2M | ||
| Q3 24 | $1.1B | $8.3M | ||
| Q2 24 | $1.4B | $10.8M | ||
| Q1 24 | $1.6B | $14.0M |
| Q4 25 | — | $9.9M | ||
| Q3 25 | — | $16.6M | ||
| Q2 25 | — | $10.9M | ||
| Q1 25 | — | $10.2M | ||
| Q4 24 | — | $9.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $912.6M | $-43.0M | ||
| Q3 25 | $917.9M | $-13.7M | ||
| Q2 25 | $1.1B | $9.0M | ||
| Q1 25 | $1.1B | $15.5M | ||
| Q4 24 | $1.1B | $19.0M | ||
| Q3 24 | $1.1B | $30.4M | ||
| Q2 24 | $933.2M | $44.2M | ||
| Q1 24 | $928.7M | $55.2M |
| Q4 25 | $11.9B | $111.8M | ||
| Q3 25 | $11.9B | $111.5M | ||
| Q2 25 | $11.6B | $83.0M | ||
| Q1 25 | $12.6B | $84.1M | ||
| Q4 24 | $12.6B | $89.9M | ||
| Q3 24 | $13.4B | $91.7M | ||
| Q2 24 | $13.7B | $100.3M | ||
| Q1 24 | $13.6B | $115.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-31.9M | $-8.0M |
| Free Cash FlowOCF − Capex | $-35.2M | $-8.4M |
| FCF MarginFCF / Revenue | -72.8% | -25.7% |
| Capex IntensityCapex / Revenue | 6.9% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-45.9M | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-31.9M | $-8.0M | ||
| Q3 25 | $9.2M | $-14.6M | ||
| Q2 25 | $-16.3M | $-2.3M | ||
| Q1 25 | $-552.0K | $-8.5M | ||
| Q4 24 | $-8.7M | $-16.7M | ||
| Q3 24 | $14.2M | $-2.4M | ||
| Q2 24 | $-9.1M | $-3.8M | ||
| Q1 24 | $7.2M | $-11.9M |
| Q4 25 | $-35.2M | $-8.4M | ||
| Q3 25 | $8.6M | $-15.1M | ||
| Q2 25 | $-16.7M | $-2.5M | ||
| Q1 25 | $-2.5M | $-8.6M | ||
| Q4 24 | $-11.4M | $-17.0M | ||
| Q3 24 | $13.4M | $-2.6M | ||
| Q2 24 | $-9.4M | $-4.5M | ||
| Q1 24 | $5.9M | $-12.3M |
| Q4 25 | -72.8% | -25.7% | ||
| Q3 25 | 13.5% | -57.9% | ||
| Q2 25 | -32.4% | -12.4% | ||
| Q1 25 | -3.5% | -41.2% | ||
| Q4 24 | -123.5% | -128.6% | ||
| Q3 24 | 146.2% | -25.6% | ||
| Q2 24 | -16.3% | -39.2% | ||
| Q1 24 | 11.6% | -97.6% |
| Q4 25 | 6.9% | 1.3% | ||
| Q3 25 | 1.0% | 1.7% | ||
| Q2 25 | 0.8% | 0.9% | ||
| Q1 25 | 2.8% | 0.4% | ||
| Q4 24 | 29.4% | 2.2% | ||
| Q3 24 | 9.0% | 2.2% | ||
| Q2 24 | 0.4% | 6.1% | ||
| Q1 24 | 2.5% | 3.4% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -0.08× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.96× | — | ||
| Q1 24 | 9.09× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FFWM
Segment breakdown not available.
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
