FTC Solar, Inc. Income Statement
FTCI|5 years of annual SEC 10-K data (FY2021-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 5 fiscal years. All figures from audited SEC 10-K filings.
FTC Solar, Inc. reported $47M in revenue and $49M in net loss for FY2025. Revenue has declined at a 2.8% compound annual rate over the past 4 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score -0.77 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $47.4M | $127.0M | $270.5M | $187.4M | $53.1M |
| Cost of Revenue | $59.9M | $118.7M | $303.1M | $183.7M | $55.1M |
| Gross Profit | -$12.6M | $8.3M | -$32.5M | $3.6M | -$2.0M |
| SG&A Expense | $25.4M | $37.1M | $75.9M | $11.8M | $4.6M |
| R&D Expense | $5.9M | $7.2M | $11.5M | $5.2M | $4.0M |
| Operating Income | -$52.8M | -$50.8M | -$126.8M | -$16.9M | -$12.4M |
| Interest Expense | $665.0K | -$1.3M | -$814.0K | -$364.0K | -$454.0K |
| Income Tax | $230.0K | -$338.0K | $169.0K | -$83.0K | -$39.0K |
| Net Income | -$48.6M | -$50.3M | -$106.6M | -$15.9M | -$13.5M |
| EPS (Basic) | -$3.83 | -$4.35 | -$1.24 | -$0.23 | -$0.22 |
| EPS (Diluted) | -$3.83 | -$4.35 | -$1.24 | -$0.23 | -$0.22 |
| Shares Outstanding | 12.9M | 12.5M | 105.0M | 92.6M | 66.2M |
| Gross Margin | -26.6% | 6.5% | -12.0% | 1.9% | -3.7% |
| Operating Margin | -111.6% | -40.0% | -46.9% | -9.0% | -23.3% |
| Profit Margin | -102.6% | -39.6% | -39.4% | -8.5% | -25.4% |