Saturday 17 October 2026
Export FTCI’s income statement to Excel — free account
FTC Solar, Inc.
FTCI Technology Solar
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | |
|---|---|---|---|---|---|---|---|
Piotroski F-Score |
3 | 1 | 5 | 3 | 2 | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
(4.59) | (5.87) | (2.41) | (1.20) | 3.13 | — | — |
P/S ratio |
1.53 | 1.47 | 0.63 | 2.13 | 2.40 | 4.32 | 4.32 |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
(13.15) | (14.30) | (6.74) | (7.14) | (0.16) | (2.88) | (5.84) |
P/Operating CF |
(19.04) | (4.18) | (12.80) | (48.41) | (16.09) | (36.81) | (36.81) |
Beneish M-Score |
— | — | (4.38) | — | — | (2.56) | — |
P/B ratio |
0.00 | 3.67 | 1.29 | 3.95 | 4.55 | 1,922.66 | 1,922.66 |
Price to Tangible BV |
0.00 | 5.87 | 1.47 | 4.54 | 4.55 | 1,922.66 | 1,922.66 |
EV/Sales |
1.55 | 1.45 | 0.45 | 1.78 | 2.03 | 4.31 | 4.31 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Operating CF |
(4.62) | (1.98) | (1.08) | (4.03) | (4.14) | (47.23) | (47.23) |
EV/FCF |
(4.48) | (1.94) | (1.07) | (3.96) | (4.11) | (47.23) | (47.23) |
Quick Ratio |
1.13 | 1.04 | 1.66 | 1.55 | 2.25 | 0.95 | 0.66 |
Current Ratio |
1.43 | 1.55 | 1.99 | 1.97 | 2.53 | 1.10 | 0.91 |
Net Debt/EBITDA |
(0.05) | 0.04 | 0.52 | 0.44 | 0.80 | 1.87 | 0.03 |
Debt/Assets |
20.21% | 10.53% | 0.00% | 0.90% | 0.74% | 2.50% | 23.19% |
Debt/Equity |
(0.53) | 0.50 | 0.00 | 0.02 | 0.01 | 0.24 | (0.93) |
Asset Turnover |
0.99 | 0.44 | 0.99 | 0.65 | 1.72 | 3.56 | 1.01 |
Operating CF/Net income |
0.42 | 0.71 | 1.05 | 0.55 | 1.25 | (0.04) | 0.02 |
Capex/Depreciation |
(0.19) | (0.38) | (0.39) | (0.56) | (1.48) | (5.45) | (0.04) |
Interest Coverage |
(4.32) | (79.44) | (200.70) | (101.81) | (155.78) | (46.50) | (27.25) |
| 665.30% | (119.27%) | (78.02%) | (95.18%) | (141.82%) | 3,204.02% | 2,715.29% | |
| (78.89%) | (45.64%) | (39.07%) | (52.79%) | (67.80%) | (30.27%) | (25.65%) | |
ROIC |
0.00% | (191.36%) | (85.23%) | (267.46%) | (186.60%) | 0.00% | 0.00% |
Return on Tangible Assets |
(238.70%) | (166.05%) | (90.34%) | (165.88%) | (73.96%) | (256.05%) | 443.19% |
Average Days of Receivables |
204.10 | 306.07 | 187.61 | 145.48 | 145.11 | 46.24 | 96.52 |
Research and Development Expense of Revenue |
4.40% | 12.49% | 5.64% | 8.08% | 4.27% | 2.79% | 7.45% |
Selling, General and Administrative Expense of Revenue |
30.25% | 72.48% | 40.88% | 50.70% | 30.58% | 8.19% | 12.16% |
Intangible Assets out of Total Assets |
0.07 | 0.08 | 0.06 | 0.06 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
4.98% | 11.43% | 6.53% | 16.50% | 22.83% | 0.97% | 1.71% |
Graham Net Nets |
(0.37) | 0.08 | 0.60 | 0.19 | 0.21 | (0.01) | (0.01) |
Graham Number |
19.16 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(48.76%) | (70.05%) | (61.87%) | (38.22%) | (17.20%) | (2.75%) | (2.75%) |
Free Cash Flow Yield |
(22.52%) | (50.75%) | (66.59%) | (21.10%) | (20.58%) | (2.11%) | (2.11%) |
Revenue per Share |
7.11 | 3.74 | 10.99 | 12.14 | 31.44 | 27.23 | 8.56 |
Operating CF per Share |
(2.39) | (2.74) | (4.56) | (5.38) | (15.44) | 0.09 | (0.04) |
Capex per Share |
(0.07) | (0.06) | (0.07) | (0.09) | (0.12) | (0.04) | 0.00 |
Free Cash Flow per Share |
(2.46) | (2.80) | (4.63) | (5.46) | (15.56) | 0.05 | (0.04) |
Cash per Share |
1.51 | 0.89 | 2.18 | 4.38 | 11.88 | 4.85 | 1.33 |
Shareholders Equity per Share |
(3.07) | 1.50 | 5.41 | 6.55 | 16.60 | 1.08 | (1.36) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(3.07) | 1.50 | 5.41 | 6.55 | 16.60 | 1.08 | (1.36) |
Free Cash Flow |
(34.43) | (35.44) | (53.47) | (55.41) | (133.88) | 0.37 | (0.27) |
Working Capital |
29.54 | 27.06 | 53.84 | 58.35 | 142.53 | 5.91 | (3.09) |
Capital Expenditures |
(0.98) | (0.74) | (0.82) | (0.90) | (1.02) | (0.26) | (0.02) |
Net Current Asset Value |
(57.00) | 5.24 | 47.91 | 50.74 | 135.63 | 1.78 | (11.64) |
EV/EBIT |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.01 | 0.02 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other line items | |||||||
Depreciation/Fixed assets |
1.34 | 0.89 | 1.14 | 0.94 | 0.44 | 0.15 | 9.58 |
Cash ROIC |
(4,596.40%) | (89.17%) | (60.97%) | (49.46%) | (54.24%) | 0.88% | (3.56%) |
Accounts Receivable Turnover |
2.09 | 0.90 | 2.22 | 1.57 | 4.12 | 9.92 | 2.81 |
Accounts Payable Turnover |
7.66 | 5.72 | 9.98 | 5.46 | 10.75 | 14.51 | 4.35 |
Inventory Turnover |
10.17 | 8.53 | 12.59 | 12.63 | 57.48 | 59.35 | 9.08 |
Average Days of Payables |
48.08 | 79.12 | 24.54 | 38.37 | 47.29 | 34.03 | 54.28 |
Days of Inventory on Hand |
34.94 | 61.76 | 12.01 | 36.30 | 10.67 | 3.35 | 29.86 |
Average Receivables |
47.73 | 52.49 | 57.17 | 78.30 | 65.64 | 18.89 | 18.89 |
Average Payables |
13.12 | 10.49 | 11.89 | 27.53 | 28.20 | 12.66 | 12.66 |
Average Inventory |
9.89 | 7.02 | 9.43 | 11.90 | 5.27 | 3.10 | 6.07 |
Average Assets |
100.87 | 106.50 | 128.73 | 188.71 | 157.21 | 52.61 | 52.61 |
Average Common Equity |
(11.96) | 40.75 | 64.46 | 104.66 | 75.16 | (0.50) | (0.50) |
Columns are period end dates