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FTC Solar(NASDAQ) FTCI

Market Cap$51.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.
Since IPO (2021)-98%
5 Year-97%
1 Year-44%
1 Month-33%
$3.17
+7.09%
+0.21Today
FTC Solar last closing stock price
MetricPriceDate
Last closeUSD 3.202026-07-27
FTC Solar stock price return by period
PeriodPrice returnPrice at period startPeriod start date
1 week-16.88%USD 3.852026-07-20
1 month-33.19%USD 4.792026-06-26
3 month-33.05%USD 4.782026-04-28
Year to date-70.67%USD 10.912025-12-31
1 year-43.96%USD 5.712025-07-25
3 year-91.3%USD 36.802023-07-28
5 year-96.96%USD 105.302021-07-28
Since inception-97.76%USD 142.602021-04-28

FTC Solar Financials at a Glance

Market Cap

$51.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Revenue (TTM)

$96.15M

Net Income (TTM)

-$40.50M

EPS (TTM)

-$5.73

P/E Ratio

-0.56

Dividend

$0.00

Beta (Volatility)

2.02 (High)

Price

$3.17

Volume

5,389

Open

$3.05

Previous Close

$3.17

Daily Range

$2.92 - $3.18

52-Week Range

$2.91 - $12.75

Estimated Earnings Date

Aug 4, 2026

FTCI News

Foolcom-Featured.png

FTC Solar (FTCI) Q2 Revenue Jumps 75%

Motley Fool Markets TeamAug 5, 2025
Solar Farm on a Hill

Why FTC Solar Plunged 35.7% on Tuesday

Travis HoiumMay 10, 2022
A technician works on solar power plant equipment.

Why Shares of FTC Solar Are Crashing Today

Scott LevineJan 14, 2022
Solar Farm at Sunset

Why FTC Solar's Stock Dropped 12.4% on Wednesday

Travis HoiumNov 10, 2021

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About FTC Solar

FTC Solar makes equipment and software that help solar farms produce more electricity. Its tracker systems move solar panels to follow the sun, increasing energy output for project owners. The company’s tools help developers, builders, and asset owners manage and optimize solar projects efficiently.

Products and Services

  • Solar Tracker Systems (80.6% of revenue): Mechanical systems that rotate solar panels to follow the sun, boosting energy production for utility-scale solar farms.
  • Software Solutions (part of 19.4% service revenue): Tools like SunPath and SunDAT help design, monitor, and optimize solar projects for developers and operators.
  • Engineering & Services (part of 19.4% service revenue): Includes site layout, structural design, and ongoing maintenance for solar project owners and builders.
  • Manufacturing: Produces key tracker components in-house and through partners, mainly for U.S. and international solar projects.

Growth and Expansion

  • Acquired Alpha Steel in November 2025 to expand U.S. manufacturing.
  • Launched new tracker products, including Pioneer and Pioneer+ High Wind, in 2025.
  • Sold Atlas software business in December 2024, retaining earnout rights.
  • Entered the Indian market and expanded global presence in 2025.
  • Increased R&D investment to support product innovation and new market entry.

What Makes FTC Solar Stand Out

FTC Solar operates globally, sourcing components from several countries to reduce supply risks. Its products focus on high wind tolerance and compatibility with many solar panel types. The company combines in-house and contract manufacturing for flexibility and cost control.

Five Things You Need to Know

  • Revenue was $99.7 million in 2025, up 110.5% from 2024.
  • Gross margin improved to -0.9% in 2025 from -26.6% in 2024.
  • Net loss was $79.6 million in 2025, compared to $48.6 million in 2024.
  • Four customers made up 78% of 2025 revenue, showing high concentration.
  • Cash was $21.1 million at year-end 2025, with $22.6 million net debt.

Bottom Line

FTC Solar has grown quickly by expanding products and global reach, but faces ongoing losses and customer concentration risks. Its focus on innovation and flexible manufacturing supports adaptability in a competitive solar market.

AI Generated • Apr 16, 2026

Industry

Electrical Equipment

Sector

Industrials

Employees

232

CEO

Yann Brandt

Website

www.ftcsolar.com

Headquarters

Austin, TX 78759, US

FTCI Financials

Key Financial Metrics (TTM)

Gross Margin

3.48%

Operating Margin

-36.31%

Net Income Margin

-42.13%

Return on Equity

316.79%

Return on Capital

N/A

Return on Assets

-41.39%

Earnings Yield

-1.79%

Dividend Yield

0.00%

Payout Ratio

0.00%

Stock Overview

Market Cap

$51.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Shares Outstanding

16.01M

Volume

5.39K

Avg. Volume

163.35K

Financials (TTM)

Gross Profit

$3.35M

Operating Income

-$34.91M

EBITDA

-$27.96M

Operating Cash Flow

-$37.73M

Capital Expenditure

-$1.32M

Free Cash Flow

-$39.06M

Cash & ST Invst.

$5.64M

Total Debt

$23.42M

FTC Solar Performance Analysis

FTC Solar annual revenue and year-over-year revenue growth by fiscal year
Fiscal yearPeriod endRevenueYoY growth
20222022-12-31USD 123,066,000-54.5%
20232023-12-31USD 127,002,0003.2%
20242024-12-31USD 47,355,000-62.7%
20252025-12-31USD 99,687,000110.5%
FTC Solar sequential (quarter-over-quarter) revenue growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-3.9%
Q32025-09-3030.2%
Q42025-12-3126.2%
Q12026-03-31-47.5%
FTC Solar annual diluted earnings per share and year-over-year EPS growth by fiscal year
Fiscal yearPeriod endDiluted EPSYoY growth
20222022-12-31USD -9.82-20.7%
20232023-12-31USD -4.35-55.7%
20242024-12-31USD -3.83-11.9%
20252025-12-31USD -5.6848.1%
FTC Solar sequential (quarter-over-quarter) diluted earnings per share growth by fiscal quarter
Fiscal quarterPeriod endQoQ growth
Q22025-06-30-103.4%
Q32025-09-30-36.4%
Q42025-12-31-38.5%
Q12026-03-3167.7%

Revenue Growth Rate

Annual and quarterly growth comparison

Earnings Per Share Growth Rate

Annual and quarterly EPS growth comparison

Quarterly Performance

Name
Q1 2026YOY CHG

Revenue

$17.27M

-17.0%

Gross Profit

-$1.23M

+64.4%

Gross Margin

-7.11%

N/A

Market Cap

$51.22MMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

N/A

Market Cap/Employee

$220.76K

N/A

Employees

232

N/A

Net Income

$32.60M

+953.6%

EBITDA

$37.06M

+1032.4%

Quarterly Fundamentals

Name
Q1 2026YOY CHG

Total Cash

$5.64M

-4.6%

Total Debt

$23.42M

+110.3%

Accounts Receivable

$56.39M

+27.5%

Inventory

$9.43M

+38.0%

Long Term Debt

$13.32M

+26.7%

Short Term Debt

$10.10M

+1521.2%

Return on Assets

-41.39%

N/A

Return on Invested Capital

-1.01%

N/A

Free Cash Flow

-$13.05M

-52.3%

Operating Cash Flow

-$12.77M

-50.6%

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Questions About FTCI

What is the current price of FTC Solar?

FTC Solar is trading at $3.17 per share.

What is the 52-week range for FTC Solar?

Over the past 52 weeks, FTC Solar has traded between $2.91 and $12.75.

How much debt does FTC Solar have?

As of the most recent reporting period, FTC Solar reported total debt of $23.42M.

How much cash does FTC Solar have on hand?

FTC Solar reported $5.64M in cash and cash equivalents in its most recent financial results.

What is FTC Solar’s dividend yield?

FTC Solar does not currently have a dividend yield.

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