# FTC Solar, Inc.: overview

FTCI · Nasdaq · CIK 1828161 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/ftci.md) · [Financials](/companies/ftci/financials.md) · [Filings](/companies/ftci/filings.md) · [Insiders](/companies/ftci/insiders.md)

Latest reported revenue: [$26.2m](/filings/0001193125-26-334042.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 5, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-334042).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [10.1](/filings/0001193125-25-276228.md) | [13.2 d](/filings/0001193125-26-120372.md) | [20.8](/filings/0001193125-26-205290.md) | [20.0](/filings/0001193125-26-334042.md) | [26.0](/filings/0001193125-25-276228.md) | [32.9 d](/filings/0001193125-26-120372.md) | [17.3](/filings/0001193125-26-205290.md) | [26.2](/filings/0001193125-26-334042.md) |
| Gross margin | % | [(42.5%)](/filings/0001193125-25-276228.md) | [(29.1%) d](/filings/0001193125-26-120372.md) | [(16.6%)](/filings/0001193125-26-205290.md) | [(19.6%)](/filings/0001193125-26-334042.md) | [6.1%](/filings/0001193125-25-276228.md) | [14.9% d](/filings/0001193125-26-120372.md) | [(7.1%)](/filings/0001193125-26-205290.md) | [(8.5%)](/filings/0001193125-26-334042.md) |
| Operating margin | % | [(147.8%)](/filings/0001193125-25-276228.md) | [(101.7%) d](/filings/0001193125-26-120372.md) | [(50.8%)](/filings/0001193125-26-205290.md) | [(57.5%)](/filings/0001193125-26-334042.md) | [(29.6%)](/filings/0001193125-25-276228.md) | [(17.2%) d](/filings/0001193125-26-120372.md) | [(69.8%)](/filings/0001193125-26-205290.md) | [(52.5%)](/filings/0001193125-26-334042.md) |
| Net margin | % | [(151.5%)](/filings/0001193125-25-276228.md) | [(92.7%) d](/filings/0001193125-26-120372.md) | [(18.4%)](/filings/0001193125-26-334042.md) | [(77.2%)](/filings/0001193125-26-334042.md) | [(92.0%)](/filings/0001193125-25-276228.md) | [(110.7%) d](/filings/0001193125-26-120372.md) | [188.8%](/filings/0001193125-26-334042.md) | [(103.7%)](/filings/0001193125-26-334042.md) |
| Diluted EPS | $ per share | [(1.21)](/filings/0001193125-25-276228.md) | not reported | [(0.58)](/filings/0001193125-26-205290.md) | [(1.18)](/filings/0001193125-26-334042.md) | [(1.61)](/filings/0001193125-25-276228.md) | not reported | [(0.72)](/filings/0001193125-26-205290.md) | [(1.69)](/filings/0001193125-26-334042.md) |
| Free cash flow | $m | [(2.6) d](/filings/0001193125-25-276228.md) | [(17.0) d](/filings/0001193125-26-120372.md) | [(8.6)](/filings/0001193125-26-205290.md) | [(2.5) d](/filings/0001193125-26-334042.md) | [(15.1) d](/filings/0001193125-25-276228.md) | [(8.4) d](/filings/0001193125-26-120372.md) | [(13.0)](/filings/0001193125-26-205290.md) | [8.0 d](/filings/0001193125-26-334042.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [271](/filings/0000950170-24-032250.md) | [123](/filings/0000950170-24-032250.md) | [127](/filings/0000950170-25-047224.md) | [47.4](/filings/0001193125-26-120372.md) | [99.7](/filings/0001193125-26-120372.md) |
| Gross margin | % | [(12.0%)](/filings/0000950170-24-032250.md) | [(22.1%)](/filings/0000950170-24-032250.md) | [6.5%](/filings/0000950170-25-047224.md) | [(26.6%)](/filings/0001193125-26-120372.md) | [(0.9%)](/filings/0001193125-26-120372.md) |
| Operating margin | % | [(46.9%)](/filings/0000950170-24-032250.md) | [(80.9%)](/filings/0000950170-24-032250.md) | [(40.0%)](/filings/0000950170-25-047224.md) | [(111.6%)](/filings/0001193125-26-120372.md) | [(35.5%)](/filings/0001193125-26-120372.md) |
| Net margin | % | [(39.4%)](/filings/0000950170-24-032250.md) | [(80.9%)](/filings/0000950170-24-032250.md) | [(39.6%)](/filings/0000950170-25-047224.md) | [(102.6%)](/filings/0001193125-26-120372.md) | [(79.8%)](/filings/0001193125-26-120372.md) |
| Diluted EPS | $ per share | [(1.24)](/filings/0000950170-24-032250.md) | [(0.98)](/filings/0000950170-24-032250.md) | [(4.35)](/filings/0000950170-25-047224.md) | [(3.83)](/filings/0001193125-26-120372.md) | [(5.68)](/filings/0001193125-26-120372.md) |
| Free cash flow | $m | [(134)](/filings/0000950170-24-032250.md) | [(55.5)](/filings/0000950170-24-032250.md) | [(53.5)](/filings/0000950170-25-047224.md) | [(36.3)](/filings/0001193125-26-120372.md) | [(34.6)](/filings/0001193125-26-120372.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/ftci/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $2.3m | 449,372 |  | Added +4,293 |
| [GILDER GAGNON HOWE & CO LLC](/funds/902464.md) | 2026-06-30 | $1.3m | 250,785 |  | New +250,785 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $616.3k | 121,238 |  | Reduced −1,861 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $580.9k | 114,347 |  | Added +12,299 |
| [VANGUARD FIDUCIARY TRUST CO](/funds/933478.md) | 2026-06-30 | $362.7k | 71,394 |  | Added +11,991 |
| [Cerity Partners LLC](/funds/1566475.md) | 2026-06-30 | $249.1k | 49,031 |  | Unchanged |
| [MARSHALL WACE, LLP](/funds/1318757.md) | 2026-06-30 | $245.3k | 48,281 |  | Reduced −55,327 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $231.0k | 45,471 |  | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $210.6k | 41,460 |  | Added +25,675 |
| [BRIDGEWAY CAPITAL MANAGEMENT, LLC](/funds/1107261.md) | 2026-06-30 | $147.5k | 29,034 |  | Reduced −10,000 |

## Recent filings

[All 545 filings](/companies/ftci/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-19 | 20:11 ET | [DEF 14A](/filings/0001193125-26-425240.md) | Proxy statement, period 2026-10-19 | 0001193125-26-425240 |
| 2026-10-09 | 20:13 ET | [8-K](/filings/0001193125-26-419110.md) | 5.08 Item not in the standard list; 8.01 Other events | 0001193125-26-419110 |
| 2026-10-05 | 12:05 ET | [8-K](/filings/0001213900-26-106656.md) | 1.01 Entry into a material agreement; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001213900-26-106656 |
| 2026-08-11 | 23:08 ET | [S-1](/filings/0001213900-26-087398.md) | Registration statement | 0001213900-26-087398 |
| 2026-08-05 | 13:14 ET | [10-Q](/filings/0001193125-26-334042.md) | Quarterly report, period 2026-06-30 | 0001193125-26-334042 |
| 2026-08-05 | 10:39 ET | [8-K](/filings/0001193125-26-333770.md) | 1.01 Entry into a material agreement; 2.02 Results of operations; 2.04 Item not in the standard list; 3.02 Unregistered sale of equity; 9.01 Financial statements and exhibits | 0001193125-26-333770 |
| 2026-06-15 | 20:30 ET | [10-K/A](/filings/0001213900-26-068820.md) | Annual report, amended, period 2025-12-31 | 0001213900-26-068820 |
| 2026-05-05 | 13:15 ET | [10-Q](/filings/0001193125-26-205290.md) | Quarterly report, period 2026-03-31 | 0001193125-26-205290 |
| 2026-05-05 | 10:39 ET | [8-K](/filings/0001193125-26-204973.md) | 2.02 Results of operations; 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001193125-26-204973 |
| 2026-04-28 | 20:46 ET | [10-K/A](/filings/0001213900-26-048610.md) | Annual report, amended, period 2025-12-31 | 0001213900-26-048610 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-120372.md), filed Mar 24, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/f09bb12b-500d-4513-82c3-80877dd2d152)

## About the filer

- CIK: 1828161
- Tickers: FTCI
- Exchange: Nasdaq
- SIC code: 3674 Semiconductors & Related Devices
- State of incorporation: DE
- Filer category: <br>Emerging growth company

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.
