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Side-by-side financial comparison of FTC Solar, Inc. (FTCI) and ORASURE TECHNOLOGIES INC (OSUR). Click either name above to swap in a different company.
FTC Solar, Inc. is the larger business by last-quarter revenue ($32.9M vs $26.8M, roughly 1.2× ORASURE TECHNOLOGIES INC). ORASURE TECHNOLOGIES INC runs the higher net margin — -72.1% vs -110.7%, a 38.7% gap on every dollar of revenue. On growth, FTC Solar, Inc. posted the faster year-over-year revenue change (148.9% vs -28.5%). FTC Solar, Inc. produced more free cash flow last quarter ($-8.4M vs $-9.9M). Over the past eight quarters, FTC Solar, Inc.'s revenue compounded faster (61.6% CAGR vs -29.7%).
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.
OraSure Technologies, Inc. is a Bethlehem, Pennsylvania–based company in the medical device industry. Their products include diagnostic testing kits. The company had recently developed OraQuick testing kit, the first over-the-counter home HIV test.
FTCI vs OSUR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $32.9M | $26.8M |
| Net Profit | $-36.4M | $-19.3M |
| Gross Margin | 14.9% | 41.0% |
| Operating Margin | -17.2% | -75.1% |
| Net Margin | -110.7% | -72.1% |
| Revenue YoY | 148.9% | -28.5% |
| Net Profit YoY | -197.4% | -78.7% |
| EPS (diluted) | $-2.31 | $-0.28 |
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 | $32.9M | $26.8M | ||
| Q3 25 | $26.0M | $27.1M | ||
| Q2 25 | $20.0M | $31.2M | ||
| Q1 25 | $20.8M | $29.9M | ||
| Q4 24 | $13.2M | $37.4M | ||
| Q3 24 | $10.1M | $39.9M | ||
| Q2 24 | $11.4M | $54.3M | ||
| Q1 24 | $12.6M | $54.1M |
| Q4 25 | $-36.4M | $-19.3M | ||
| Q3 25 | $-23.9M | $-13.7M | ||
| Q2 25 | $-15.4M | $-19.7M | ||
| Q1 25 | $-3.8M | $-16.0M | ||
| Q4 24 | $-12.2M | $-10.8M | ||
| Q3 24 | $-15.4M | $-4.5M | ||
| Q2 24 | $-12.2M | $-615.0K | ||
| Q1 24 | $-8.8M | $-3.6M |
| Q4 25 | 14.9% | 41.0% | ||
| Q3 25 | 6.1% | 43.5% | ||
| Q2 25 | -19.6% | 42.1% | ||
| Q1 25 | -16.6% | 41.1% | ||
| Q4 24 | -29.1% | 36.2% | ||
| Q3 24 | -42.5% | 42.8% | ||
| Q2 24 | -20.5% | 45.4% | ||
| Q1 24 | -16.7% | 44.5% |
| Q4 25 | -17.2% | -75.1% | ||
| Q3 25 | -29.6% | -59.4% | ||
| Q2 25 | -57.5% | -57.7% | ||
| Q1 25 | -50.8% | -59.3% | ||
| Q4 24 | -101.7% | -33.2% | ||
| Q3 24 | -147.8% | -15.0% | ||
| Q2 24 | -104.3% | -5.0% | ||
| Q1 24 | -99.3% | -13.1% |
| Q4 25 | -110.7% | -72.1% | ||
| Q3 25 | -92.0% | -50.6% | ||
| Q2 25 | -77.2% | -63.0% | ||
| Q1 25 | -18.4% | -53.6% | ||
| Q4 24 | -92.7% | -28.8% | ||
| Q3 24 | -151.5% | -11.3% | ||
| Q2 24 | -107.1% | -1.1% | ||
| Q1 24 | -69.7% | -6.6% |
| Q4 25 | $-2.31 | $-0.28 | ||
| Q3 25 | $-1.61 | $-0.19 | ||
| Q2 25 | $-1.18 | $-0.26 | ||
| Q1 25 | $-0.58 | $-0.21 | ||
| Q4 24 | $-0.95 | $-0.14 | ||
| Q3 24 | $-1.21 | $-0.06 | ||
| Q2 24 | $-0.97 | $-0.01 | ||
| Q1 24 | $-0.70 | $-0.05 |
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 | $199.3M |
| Total DebtLower is stronger | $9.9M | — |
| Stockholders' EquityBook value | $-43.0M | $340.8M |
| Total Assets | $111.8M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $21.1M | $199.3M | ||
| Q3 25 | $24.4M | $216.5M | ||
| Q2 25 | $3.5M | $234.6M | ||
| Q1 25 | $5.9M | $247.6M | ||
| Q4 24 | $11.2M | $267.8M | ||
| Q3 24 | $8.3M | $278.6M | ||
| Q2 24 | $10.8M | $267.4M | ||
| Q1 24 | $14.0M | $263.8M |
| 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 | $-43.0M | $340.8M | ||
| Q3 25 | $-13.7M | $362.0M | ||
| Q2 25 | $9.0M | $380.7M | ||
| Q1 25 | $15.5M | $396.3M | ||
| Q4 24 | $19.0M | $410.3M | ||
| Q3 24 | $30.4M | $425.6M | ||
| Q2 24 | $44.2M | $425.8M | ||
| Q1 24 | $55.2M | $426.3M |
| Q4 25 | $111.8M | $403.2M | ||
| Q3 25 | $111.5M | $423.1M | ||
| Q2 25 | $83.0M | $445.0M | ||
| Q1 25 | $84.1M | $457.6M | ||
| Q4 24 | $89.9M | $479.7M | ||
| Q3 24 | $91.7M | $464.1M | ||
| Q2 24 | $100.3M | $466.3M | ||
| Q1 24 | $115.0M | $467.6M |
| 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 | $-8.0M | $-9.0M |
| Free Cash FlowOCF − Capex | $-8.4M | $-9.9M |
| FCF MarginFCF / Revenue | -25.7% | -37.1% |
| Capex IntensityCapex / Revenue | 1.3% | 3.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-34.6M | $-53.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-8.0M | $-9.0M | ||
| Q3 25 | $-14.6M | $-10.1M | ||
| Q2 25 | $-2.3M | $-10.2M | ||
| Q1 25 | $-8.5M | $-19.7M | ||
| Q4 24 | $-16.7M | $109.0K | ||
| Q3 24 | $-2.4M | $12.7M | ||
| Q2 24 | $-3.8M | $7.8M | ||
| Q1 24 | $-11.9M | $6.7M |
| Q4 25 | $-8.4M | $-9.9M | ||
| Q3 25 | $-15.1M | $-11.0M | ||
| Q2 25 | $-2.5M | $-12.2M | ||
| Q1 25 | $-8.6M | $-20.2M | ||
| Q4 24 | $-17.0M | $-347.0K | ||
| Q3 24 | $-2.6M | $12.5M | ||
| Q2 24 | $-4.5M | $6.2M | ||
| Q1 24 | $-12.3M | $5.2M |
| Q4 25 | -25.7% | -37.1% | ||
| Q3 25 | -57.9% | -40.6% | ||
| Q2 25 | -12.4% | -38.9% | ||
| Q1 25 | -41.2% | -67.3% | ||
| Q4 24 | -128.6% | -0.9% | ||
| Q3 24 | -25.6% | 31.4% | ||
| Q2 24 | -39.2% | 11.5% | ||
| Q1 24 | -97.6% | 9.5% |
| Q4 25 | 1.3% | 3.4% | ||
| Q3 25 | 1.7% | 3.4% | ||
| Q2 25 | 0.9% | 6.2% | ||
| Q1 25 | 0.4% | 1.4% | ||
| Q4 24 | 2.2% | 1.2% | ||
| Q3 24 | 2.2% | 0.4% | ||
| Q2 24 | 6.1% | 3.0% | ||
| Q1 24 | 3.4% | 2.9% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FTCI
| Products | $26.2M | 80% |
| Services | $6.7M | 20% |
OSUR
| Product And Services | $24.9M | 93% |
| Other | $1.9M | 7% |
