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Side-by-side financial comparison of Finwise Bancorp (FINW) and FTC Solar, Inc. (FTCI). Click either name above to swap in a different company.
Finwise Bancorp is the larger business by last-quarter revenue ($42.7M vs $32.9M, roughly 1.3× FTC Solar, Inc.). Finwise Bancorp runs the higher net margin — 6.4% vs -110.7%, a 117.1% gap on every dollar of revenue. Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs 47.0%).
Finwise Bancorp is a U.S.-based financial holding company that operates primarily through its community banking subsidiary. It offers a full suite of retail and commercial financial services, including deposit accounts, personal loans, mortgage products, small business financing, and wealth management solutions, serving local retail consumers and small to medium-sized business clients across its regional operating markets.
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.
FINW vs FTCI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $42.7M | $32.9M |
| Net Profit | $2.7M | $-36.4M |
| Gross Margin | — | 14.9% |
| Operating Margin | — | -17.2% |
| Net Margin | 6.4% | -110.7% |
| Revenue YoY | — | 148.9% |
| Net Profit YoY | — | -197.4% |
| EPS (diluted) | $0.20 | $-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.
| Q1 26 | $42.7M | — | ||
| Q4 25 | $46.9M | $32.9M | ||
| Q3 25 | $36.7M | $26.0M | ||
| Q2 25 | $25.1M | $20.0M | ||
| Q1 25 | $22.1M | $20.8M | ||
| Q4 24 | $21.1M | $13.2M | ||
| Q3 24 | $20.8M | $10.1M | ||
| Q2 24 | $19.8M | $11.4M |
| Q1 26 | $2.7M | — | ||
| Q4 25 | $3.9M | $-36.4M | ||
| Q3 25 | $4.9M | $-23.9M | ||
| Q2 25 | $4.1M | $-15.4M | ||
| Q1 25 | $3.2M | $-3.8M | ||
| Q4 24 | $2.8M | $-12.2M | ||
| Q3 24 | $3.5M | $-15.4M | ||
| Q2 24 | $3.2M | $-12.2M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | 11.7% | -17.2% | ||
| Q3 25 | 17.5% | -29.6% | ||
| Q2 25 | 21.7% | -57.5% | ||
| Q1 25 | 20.1% | -50.8% | ||
| Q4 24 | 17.5% | -101.7% | ||
| Q3 24 | 22.2% | -147.8% | ||
| Q2 24 | 21.1% | -104.3% |
| Q1 26 | 6.4% | — | ||
| Q4 25 | 8.4% | -110.7% | ||
| Q3 25 | 13.3% | -92.0% | ||
| Q2 25 | 16.3% | -77.2% | ||
| Q1 25 | 14.4% | -18.4% | ||
| Q4 24 | 13.2% | -92.7% | ||
| Q3 24 | 16.6% | -151.5% | ||
| Q2 24 | 16.1% | -107.1% |
| Q1 26 | $0.20 | — | ||
| Q4 25 | $0.27 | $-2.31 | ||
| Q3 25 | $0.34 | $-1.61 | ||
| Q2 25 | $0.29 | $-1.18 | ||
| Q1 25 | $0.23 | $-0.58 | ||
| Q4 24 | $0.19 | $-0.95 | ||
| Q3 24 | $0.25 | $-1.21 | ||
| Q2 24 | $0.24 | $-0.97 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $21.1M |
| Total DebtLower is stronger | — | $9.9M |
| Stockholders' EquityBook value | $196.6M | $-43.0M |
| Total Assets | $899.4M | $111.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $163.4M | $21.1M | ||
| Q3 25 | $105.6M | $24.4M | ||
| Q2 25 | $90.1M | $3.5M | ||
| Q1 25 | $120.3M | $5.9M | ||
| Q4 24 | $109.2M | $11.2M | ||
| Q3 24 | $85.8M | $8.3M | ||
| Q2 24 | $89.0M | $10.8M |
| Q1 26 | — | — | ||
| 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 26 | $196.6M | — | ||
| Q4 25 | $193.2M | $-43.0M | ||
| Q3 25 | $187.8M | $-13.7M | ||
| Q2 25 | $182.0M | $9.0M | ||
| Q1 25 | $177.4M | $15.5M | ||
| Q4 24 | $173.7M | $19.0M | ||
| Q3 24 | $170.4M | $30.4M | ||
| Q2 24 | $165.8M | $44.2M |
| Q1 26 | $899.4M | — | ||
| Q4 25 | $977.1M | $111.8M | ||
| Q3 25 | $899.9M | $111.5M | ||
| Q2 25 | $842.5M | $83.0M | ||
| Q1 25 | $804.1M | $84.1M | ||
| Q4 24 | $746.0M | $89.9M | ||
| Q3 24 | $683.0M | $91.7M | ||
| Q2 24 | $617.8M | $100.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | 0.65× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $-8.0M |
| Free Cash FlowOCF − Capex | — | $-8.4M |
| FCF MarginFCF / Revenue | — | -25.7% |
| Capex IntensityCapex / Revenue | — | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-34.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-28.4M | $-8.0M | ||
| Q3 25 | $3.5M | $-14.6M | ||
| Q2 25 | $-18.3M | $-2.3M | ||
| Q1 25 | $-21.6M | $-8.5M | ||
| Q4 24 | $-15.0M | $-16.7M | ||
| Q3 24 | $-9.8M | $-2.4M | ||
| Q2 24 | $-7.6M | $-3.8M |
| Q1 26 | — | — | ||
| Q4 25 | $-28.6M | $-8.4M | ||
| Q3 25 | $3.4M | $-15.1M | ||
| Q2 25 | $-19.8M | $-2.5M | ||
| Q1 25 | $-23.3M | $-8.6M | ||
| Q4 24 | $-16.1M | $-17.0M | ||
| Q3 24 | $-13.4M | $-2.6M | ||
| Q2 24 | $-7.7M | $-4.5M |
| Q1 26 | — | — | ||
| Q4 25 | -61.1% | -25.7% | ||
| Q3 25 | 9.4% | -57.9% | ||
| Q2 25 | -79.0% | -12.4% | ||
| Q1 25 | -105.3% | -41.2% | ||
| Q4 24 | -76.0% | -128.6% | ||
| Q3 24 | -64.3% | -25.6% | ||
| Q2 24 | -38.7% | -39.2% |
| Q1 26 | — | — | ||
| Q4 25 | 0.5% | 1.3% | ||
| Q3 25 | 0.1% | 1.7% | ||
| Q2 25 | 5.8% | 0.9% | ||
| Q1 25 | 7.4% | 0.4% | ||
| Q4 24 | 5.1% | 2.2% | ||
| Q3 24 | 17.2% | 2.2% | ||
| Q2 24 | 0.3% | 6.1% |
| Q1 26 | — | — | ||
| Q4 25 | -7.26× | — | ||
| Q3 25 | 0.71× | — | ||
| Q2 25 | -4.48× | — | ||
| Q1 25 | -6.78× | — | ||
| Q4 24 | -5.37× | — | ||
| Q3 24 | -2.84× | — | ||
| Q2 24 | -2.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FINW
| Net Interest Income | $28.1M | 66% |
| Noninterest Income | $14.6M | 34% |
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
