Saturday 17 October 2026 Export FTCI’s income statement to Excel — free account

FTC Solar, Inc.

FTC Solar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $99.7 million, up 110.5% from fiscal 2024. In the quarter to June 2026, revenue grew 30.8%, EPS fell 43.2%, free cash flow grew 429.0% and total debt rose 107.8%, each against the same quarter a year earlier. Operating cash flow growth for three consecutive years; insiders bought in the last twelve months.

1.61 0.05 −3.01%

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Market cap: $30.3M
P/E: 0.0×
Fwd P/E: 5.1×
Dividend yield: —
F-score: 3/9
Altman Z: −4.59
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23	Dec '24	Dec '25
Piotroski F-Score Full definition →	—	—	2	3	5	1	3
P/E ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score Full definition →	—	—	3.13	(1.20)	(2.41)	(5.87)	(4.59)
P/S ratio Full definition →	4.32	4.32	2.40	2.13	0.63	1.47	1.53
P/FCF ratio Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z″-Score (non-manufacturers) Full definition →	(5.84)	(2.88)	(0.16)	(7.14)	(6.74)	(14.30)	(13.15)
P/Operating CF Full definition →	(36.81)	(36.81)	(16.09)	(48.41)	(12.80)	(4.18)	(19.04)
Beneish M-Score Full definition →	—	(2.56)	—	—	(4.38)	—	—
P/B ratio Full definition →	1,922.66	1,922.66	4.55	3.95	1.29	3.67	0.00
Price to Tangible BV Full definition →	1,922.66	1,922.66	4.55	4.54	1.47	5.87	0.00
EV/Sales Full definition →	4.31	4.31	2.03	1.78	0.45	1.45	1.55
EV/EBITDA Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EV/Operating CF Full definition →	(47.23)	(47.23)	(4.14)	(4.03)	(1.08)	(1.98)	(4.62)
EV/FCF Full definition →	(47.23)	(47.23)	(4.11)	(3.96)	(1.07)	(1.94)	(4.48)
Quick Ratio Full definition →	0.66	0.95	2.25	1.55	1.66	1.04	1.13
Current Ratio Full definition →	0.91	1.10	2.53	1.97	1.99	1.55	1.43
Net Debt/EBITDA Full definition →	0.03	1.87	0.80	0.44	0.52	0.04	(0.05)
Debt/Assets Full definition →	23.19%	2.50%	0.74%	0.90%	0.00%	10.53%	20.21%
Debt/Equity Full definition →	(0.93)	0.24	0.01	0.02	0.00	0.50	(0.53)
Asset Turnover Full definition →	1.01	3.56	1.72	0.65	0.99	0.44	0.99
Operating CF/Net income Full definition →	0.02	(0.04)	1.25	0.55	1.05	0.71	0.42
Capex/Depreciation Full definition →	(0.04)	(5.45)	(1.48)	(0.56)	(0.39)	(0.38)	(0.19)
Interest Coverage Full definition →	(27.25)	(46.50)	(155.78)	(101.81)	(200.70)	(79.44)	(4.32)
ROE Full definition →	2,715.29%	3,204.02%	(141.82%)	(95.18%)	(78.02%)	(119.27%)	665.30%
ROA Full definition →	(25.65%)	(30.27%)	(67.80%)	(52.79%)	(39.07%)	(45.64%)	(78.89%)
ROIC Full definition →	0.00%	0.00%	(186.60%)	(267.46%)	(85.23%)	(191.36%)	0.00%
Return on Tangible Assets Full definition →	443.19%	(256.05%)	(73.96%)	(165.88%)	(90.34%)	(166.05%)	(238.70%)
Average Days of Receivables Full definition →	96.52	46.24	145.11	145.48	187.61	306.07	204.10
Research and Development Expense of Revenue Full definition →	7.45%	2.79%	4.27%	8.08%	5.64%	12.49%	4.40%
Selling, General and Administrative Expense of Revenue Full definition →	12.16%	8.19%	30.58%	50.70%	40.88%	72.48%	30.25%
Intangible Assets out of Total Assets Full definition →	0.00	0.00	0.00	0.06	0.06	0.08	0.07
Share Based Compensation of Revenue Full definition →	1.71%	0.97%	22.83%	16.50%	6.53%	11.43%	4.98%
Graham Net Nets Full definition →	(0.01)	(0.01)	0.21	0.19	0.60	0.08	(0.37)
Graham Number Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	19.16
Earnings Yield Full definition →	(2.75%)	(2.75%)	(17.20%)	(38.22%)	(61.87%)	(70.05%)	(48.76%)
Free Cash Flow Yield Full definition →	(2.11%)	(2.11%)	(20.58%)	(21.10%)	(66.59%)	(50.75%)	(22.52%)
Revenue per Share Full definition →	8.56	27.23	31.44	12.14	10.99	3.74	7.11
Operating CF per Share Full definition →	(0.04)	0.09	(15.44)	(5.38)	(4.56)	(2.74)	(2.39)
Capex per Share Full definition →	0.00	(0.04)	(0.12)	(0.09)	(0.07)	(0.06)	(0.07)
Free Cash Flow per Share Full definition →	(0.04)	0.05	(15.56)	(5.46)	(4.63)	(2.80)	(2.46)
Cash per Share Full definition →	1.33	4.85	11.88	4.38	2.18	0.89	1.51
Shareholders Equity per Share Full definition →	(1.36)	1.08	16.60	6.55	5.41	1.50	(3.07)
Interest Debt per Share Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Book value per Share Full definition →	(1.36)	1.08	16.60	6.55	5.41	1.50	(3.07)
Free Cash Flow Full definition →	(0.27)	0.37	(133.88)	(55.41)	(53.47)	(35.44)	(34.43)
Working Capital Full definition →	(3.09)	5.91	142.53	58.35	53.84	27.06	29.54
Capital Expenditures Full definition →	(0.02)	(0.26)	(1.02)	(0.90)	(0.82)	(0.74)	(0.98)
Net Current Asset Value Full definition →	(11.64)	1.78	135.63	50.74	47.91	5.24	(57.00)
EV/EBIT Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capex to Sales Full definition →	0.00	0.00	0.00	0.01	0.01	0.02	0.01
Price to Operating Income Full definition →	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other line items
Depreciation/Fixed assets Full definition →	9.58	0.15	0.44	0.94	1.14	0.89	1.34
Cash ROIC Full definition →	(3.56%)	0.88%	(54.24%)	(49.46%)	(60.97%)	(89.17%)	(4,596.40%)
Accounts Receivable Turnover Full definition →	2.81	9.92	4.12	1.57	2.22	0.90	2.09
Accounts Payable Turnover Full definition →	4.35	14.51	10.75	5.46	9.98	5.72	7.66
Inventory Turnover Full definition →	9.08	59.35	57.48	12.63	12.59	8.53	10.17
Average Days of Payables Full definition →	54.28	34.03	47.29	38.37	24.54	79.12	48.08
Days of Inventory on Hand Full definition →	29.86	3.35	10.67	36.30	12.01	61.76	34.94
Average Receivables Full definition →	18.89	18.89	65.64	78.30	57.17	52.49	47.73
Average Payables Full definition →	12.66	12.66	28.20	27.53	11.89	10.49	13.12
Average Inventory Full definition →	6.07	3.10	5.27	11.90	9.43	7.02	9.89
Average Assets Full definition →	52.61	52.61	157.21	188.71	128.73	106.50	100.87
Average Common Equity Full definition →	(0.50)	(0.50)	75.16	104.66	64.46	40.75	(11.96)

Fold the line items

Columns are period end dates

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