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

Fold the line items

Columns are period end dates

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