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Research & education only — not financial advice. EDGAR is not a registered investment adviser; calls are impersonal, generated from SEC filings and a delayed/third-party price feed, and may be wrong or out of date. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates — see Disclosures. Do your own research.

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Home›Stocks›FTCI

FTCI

FTC Solar, Inc.

Next earnings Aug 3, 2026 (before open) · consensus $-0.37 EPS, $25.6M rev

Last earnings -33.2% on 2026-05-05

Avoid
$4.79
▲ +5.04%
$4.79▲ +13.78%
over 1Y
L $3.45EODHDH $12.50
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+5.0%
1W-8.6%
1M-11.3%
3M+18.6%
YTD-60.8%
1Y+13.8%
OverviewFinancialsValuationQualityTimelineFilings
Rating
Avoid
Quality
D
Valuation
Fair value
Filings
Flagged
Avoid
Conviction
Horizon
Medium (3–12mo)
Street · 10 analysts
Buy

Revenue grew 110.5% YoY; but unprofitable (net margin -79.8%).

Revenue (FY2025) $99.7M · FY2025

FTC Solar, Inc. shows $99.7M in FY2025 revenue (+110.5% YoY), a -79.8% net margin, and 185.2% ROE.

Financials · annual, by fiscal year

Line itemFY21FY22FY23FY24FY25
Revenue$271M$123M$127M$47.4M$99.7M
Gross profit-$32.5M-$27.2M$8.31M-$12.6M-$880K
Operating income-$127M-$99.6M-$50.8M-$52.8M-$35.4M
Net income-$107M-$99.6M-$50.3M-$48.6M-$79.6M
Diluted EPS-$1.24-$0.98-$4.35-$3.83-$5.68
Net margin-39.4%-80.9%-39.6%-102.6%-79.8%

Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.

Key statistics

Valuation

Enterprise value$76.2M
EV / EBITDA—
EV / Sales0.8
EV / FCF—
P / FCF—
PEG (trailing)—
Earnings yield-106.6%
FCF yield-46.3%

Quality & risk

ROIC (est.)—
Free cash flow-$34.6M
Total debt$22.6M
Net cash-$1.50M
Altman Z-Score-4.90 distress
Piotroski F-Score4/9

Capital returns

Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY+21.1%

Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.

Disclosure timeline

SEC · 8-Ks + reports
Red flag in recent filings — restated periodic report (2026-06-15). Worth a closer look.
  1. 10-K/A Restated periodic report2026-06-15
  2. 8-K Officer / director change2026-05-05
  3. 10-Q Quarterly report2026-05-05
  4. 10-K/A Restated periodic report2026-04-28
  5. 8-K Obligation accelerated2026-03-24
  6. 10-K Annual report2026-03-24
  7. 8-K Earnings results2026-03-05
  8. 8-K Officer / director change2025-12-15
  9. 8-K Earnings results2025-11-12

Recent filings

all on EDGAR ↗
144Filing2026-06-24open ↗10-K/APeriod ending 2025-12-312026-06-15open ↗SDFiling2026-05-29open ↗4Period ending 2026-05-072026-05-12open ↗4Period ending 2026-05-062026-05-07open ↗4Period ending 2026-05-062026-05-07open ↗4Period ending 2026-05-062026-05-07open ↗4Period ending 2026-05-042026-05-06open ↗10-QPeriod ending 2026-03-312026-05-05open ↗8-KPeriod ending 2026-04-292026-05-05open ↗10-K/APeriod ending 2025-12-312026-04-28open ↗8-KPeriod ending 2026-03-232026-03-24open ↗

Quality score

D
ValueGrowthProfitHealthMom.
ValueA+
GrowthC
ProfitabilityF
Financial healthF
Momentum—
  • ✓Revenue growing year-over-year
  • ✗Profitable (positive net income)
  • ✗Net margin above 10%
  • ✓Liabilities below 2× equity
Revenue
$99.7M
+110.5% YoY
Net margin
-79.8%
ROE
—
P/E
—

SEC fundamentals · FY 2025

'21'22'23'24'25

■ revenue · ■ net income, by fiscal year

Revenue$99.7M+110.5%
Net income-$79.6M-63.7%
Gross profit-$880K+93.0%
Operating income-$35.4M+32.9%
Diluted EPS-$5.68-48.3%
Cash & equivalents$21.1M+87.7%
Total assets$112M+24.3%
Total liabilities$155M+118.3%
Stockholders' equity-$43.0M-325.7%
Gross: -0.9%Op.: -35.5%L/E: -3.60x

Frequently asked

Is FTC Solar, Inc. (FTCI) a buy?
FTCI currently carries a Avoid rating with 3/5 conviction, derived from its latest SEC filings. Revenue grew 110.5% YoY; but unprofitable (net margin -79.8%).
What is FTC Solar, Inc.'s quality score?
FTCI scores 44.94117647058823/100 (grade D) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.

Sources: SEC EDGAR (CIK 0001828161, latest 10-Q filed 2026-05-05) · EODHD · as of 6/24/2026, 2:34:49 PM.

Research and education only — not financial advice. EDGAR is not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities EDGAR rates; see Disclosures. Past performance does not guarantee future results. Do your own research.

Insider activity

Form 4 · SEC

Last 90 days: 4 open-market buys · 0 sales

2026-05-07
ALVAREZ ANTONIO R
Director
Buy2.50K @ $4.23$10.6K
2026-05-06
ALVAREZ ANTONIO R
Director
Buy2.50K @ $3.98$9.95K
2026-05-06
Carroll Anthony
Chief Executive Officer
Buy7.25K @ $3.43$24.9K
2026-05-06
SADASIVAM SHAKER
Director
Buy27.0K @ $3.70$100.0K
2026-05-04
Carroll Anthony
Chief Executive Officer
Award400K
2026-05-04
Carroll Anthony
Chief Executive Officer
Award200K
2025-12-30
Behnen Cathy
CHIEF FINANCIAL OFFICER
Sell1.65K @ $10.93$18.0K
2025-12-30
Aminpour Sasan
Chief Operating Officer
Sell3.24K @ $10.93$35.4K

Earnings history

beat/miss · move
2026-05-05Miss -93.2% est▼ -33.20%8-K ↗
2026-03-05Beat +23.1% est▼ -27.11%8-K ↗
2025-11-12Beat +36.9% est▲ +49.19%8-K ↗
2025-08-05Miss -17.6% est▼ -18.46%8-K ↗
2025-05-01—▲ +4.08%8-K ↗
2025-03-31—▲ +14.80%8-K ↗

Dates from 8-K (Item 2.02); beat/miss = reported EPS vs consensus (Finnhub, recent quarters); move = prior close → close on/after.

Recent news

market news →
FTC Solar (FTCI) Gets A Target Cut But Analysts Aren’t Fully Backing AwayBullish
finance.yahoo.com· 2026-05-17
FTC Solar outlines ~40% 2026 revenue growth amid CEO transition and $22M-$26M Q2 revenue targetBullish
seekingalpha.com· 2026-05-05
FTC Solar Announces First Quarter 2026 Financial Results and Leadership TransitionBullish
finance.yahoo.com· 2026-05-05
Despite Weak Guidance, Analysts Project Healthy Upside for FTC Solar (FTCI) StockBullish
finance.yahoo.com· 2026-03-24
Why FTC Solar’s Expanded Strata Deal Adds Long-Term Supply VisibilityBullish
finance.yahoo.com· 2026-03-14
FTC Solar rises after signing 1,000 MW tracker supply deal with Strata Clean EnergyBullish
seekingalpha.com· 2026-03-10

Vs tracked universe

compare →

1043 tracked peers · median

EDGAR Score45 vs 67
Revenue growth110.5% vs 7.1%
Net margin-79.8% vs 10.5%
Return on equity— vs 12.3%
P/E— vs 25.5

News sentiment

EODHD · 2d
Bullish
+0.17
vs typical · 3 articles
↑ improving

Recent news tone vs the market's typical (which skews positive). A soft signal, not a recommendation.