FTC Solar, Inc.

FTCI

$2.53

+0.40%

2026-09-04 12:09:39 EDT+$0.01

Energy

Solar

NASDAQ

Active Trading

FTC Solar, Inc. operates internationally, with a significant presence in the United States and Vietnam, specializing in advanced solar energy solutions. The ...

Price Action of FTCI

$2.53

+0.40%+$0.01

High—

Low—

52W High-80.2%

Rel. vol—

Interval

Range6.5h

Volume—SMA5SMA10

—

FTC Solar, Inc. (NASDAQ: FTCI) is a global provider of solar tracker systems, technology, software, and engineering services, founded in 2017 by renewable energy industry veterans and headquartered in Austin, Texas. The company operates internationally with a significant presence in the United States and Vietnam. Its core product is the ...FTC Solar, Inc. (NASDAQ: FTCI) is a global provider of solar tracker systems, technology, software, and engineering services, founded in 2017 by renewable energy industry veterans and headquartered in Austin, Texas. The company operates internationally with a significant presence in the United States and Vietnam. Its core product is the Voyager single-axis tracker, which orients two solar panels in a portrait configuration to maximize energy capture. Beyond hardware, FTC Solar develops sophisticated software platforms: SunPath for optimizing energy production, Atlas for managing large project portfolios, and SunDAT for automated design and optimization of solar systems for residential, commercial, and utility-scale installations. The company serves a diverse clientele including solar project developers, asset owners, and EPC contractors. Financially, FTC Solar has faced challenges, with negative profitability metrics (e.g., net profit margin of -51% TTM) and a market cap of approximately $42.9 million as of the latest data. The company has an enterprise value of $57.1 million and revenue per share of $6.38, but negative cash flow and equity. Key leadership includes CEO Anthony Carroll, appointed in April 2026, and co-founder Ahmad Chatila on the board. FTC Solar continues to innovate, recently launching the Pioneer 1P tracking system that requires fewer foundations and enables greater energy yield. The company's employee count is around 205, with a focus on engineering and software development. Despite financial losses, FTC Solar remains committed to advancing solar energy solutions globally.ExpandCollapse

Founded

2017

Employees

232

CEO

Anthony Carroll

Full Name

FTC Solar, Inc.

Sector

Energy

Industry

Solar

ROE

230.63%

Market Cap

$0.04B

Current Ratio

0.91

WACC

17.71%

ROIC

-392.80%

Contact Information

https://ftcsolar.com

737 787 7906

10900 Stonelake Boulevard, Austin, TX 78759

Key Metrics of FTCI

Snapshot

Latest / TTM · 6 periods

Market Cap

$41.80M

ROCE

-543.8%

EV / EBITDA

-3.02x

-451.8% YoY

FCF Yield

-70.9%

-48.3% YoY

Cash Conversion Cycle

168.2d

Current Ratio

0.91

Quick take

TTM —

Current ratio below 1.0

Negative working capital

Financial Highlights of FTCI

Profitability trend

Latest / TTM · 6 periods

Gross Margin

4.9%

Net Margin

-51.0%

P/E Ratio

-0.40x

n/a

Debt / Equity

-0.80

n/a

Current Ratio

0.91

Dividend Yield

0.0%

Understanding

TTM —

Current ratio below 1.0

Interest coverage is weak

Calendar of FTCI

Upcoming

Sep 30, 2026In 26 days
Q3 FY2026 · Estimated results
Est. EPS $-0.57 · Revenue $33.19M · 2 analysts
Dec 30, 2026
Q4 FY2026 · Estimated results
Est. EPS $-0.41 · Revenue $57.91M · 2 analysts
Dec 31, 2026
FY2026 · Estimated annual results
Est. EPS $-0.80 · Revenue $134.54M · 3 analysts
Mar 30, 2027
Q1 FY2027 · Estimated results
Est. EPS $-0.32 · Revenue $32.26M · 1 analysts

Recent history

Aug 5, 2026
Q2 FY2026 · Results reported
EPS $-1.69 · Revenue $26.16M
View filing
May 5, 2026
Q1 FY2026 · Results reported
EPS $-0.72 · Revenue $17.27M
View filing
Mar 24, 2026
FY2025 · Annual results
EPS $-5.49 · Revenue $99.69M
View filing
Nov 12, 2025
Q3 FY2025 · Results reported
EPS $-1.61 · Revenue $26.03M
View filing
Aug 5, 2025
Q2 FY2025 · Results reported
EPS $-1.18 · Revenue $19.99M
View filing
May 1, 2025
Q1 FY2025 · Results reported
EPS $-0.58 · Revenue $20.80M
View filing

Financial Statements of FTCI

5Y Trend (Revenue, Earnings, FCF)

Metric	Latest	YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.	QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).	$99.7M	+110.5%	+51.5%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.	$-76.9M	-58.3%	-183.2%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.	+1.1%	+104.3%	-20.2%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).	-33.5%	+70.0%	+24.9%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.	-77.2%	+24.8%	-154.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.	$-34.6M	+4.9%	+161.1%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.	-34.7%	+54.8%	+140.3%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.	-84.1%	-250.5%	+79.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.	1.30x	-16.5%	-30.9%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.	$111.8M	+24.3%	+0.2%

Actual vs Estimate

A Dec 31Q Sep 30

Metric	Annual (A vs E)	Annual Surprise	Quarter (A vs E)	Quarter Surprise
EPS Surprise	-5.49 vs -3.40	-61.4%	-1.69 vs -0.57	-197.7%
Revenue Surprise	$99.7M vs $99.4M	+0.3%	$26.2M vs $33.2M	-21.2%

Insider Transactions of FTCI

Acquisitions (A)

Since May 4, 2026

Disposals (D)

Since May 4, 2026

Monthly shares of acquisitions/disposals with close price trend (shared daily price source)

Insider Trading Snapshot

Date	Executive	Title	Security	Side	Shares	Price
Aug 28, 2026	SADASIVAM SHAKER	director	Common Stock	A	101,083	$2.69
Aug 27, 2026	SADASIVAM SHAKER	director	Common Stock	A	39,583	$2.35
Aug 26, 2026	SADASIVAM SHAKER	director	Common Stock	A	33,290	$2.19
Aug 25, 2026	Carroll Anthony	director, officer: Chief Executive Officer	Common Stock	A	24,745	$2.08
May 7, 2026	ALVAREZ ANTONIO R	director	Common Stock	A	2,500	$4.23

Earnings Call Transcript of FTCI

1 transcript segments

Q2 2026

Unknown Speaker

Operator: Good day, and thank you for standing by. Welcome to the FTC Solar Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference call over to Bill Michalek. Please go ahead. Bill Michalek: Thank you, and welcome, everyone, to FTC Solar's Second Quarter 2026 Earnings Conference Call. Before today's call, you may have reviewed our earnings release and supplemental financial information, which were posted earlier today. If you haven't reviewed these documents, they're available in the Investor Relations section of our website at ftcsolar.com. I'm joined today by Anthony Carroll, the company's President and CEO; Cathy Behnen, the company's Chief Financial Officer; and Patrick Cook, the company's Head of Capital Markets and BD. Before we begin, I remind everyone that today's discussion includes forward-looking statements based on our assumptions and beliefs in the current environment and speaks only as of the current date. As such, these forward-looking statements include risks and uncertainties, and actual results and events could differ materially from our current expectations. Please refer to our press release and other SEC filings for more information on the specific risk factors. We assume no obligation to update such information except as required by law. As you'd expect, we'll discuss both GAAP and non-GAAP financial measures today. Please note that the earnings release issued this morning includes a full reconciliation of each non-GAAP financial measure to the nearest applicable GAAP measure. With that, I'll turn the call over to Anthony. Anthony Carroll: Thanks, Bill, and good morning, everyone. I'm pleased to speak with you all today following my first full quarter as CEO. Today, I'll share some thoughts on the state and positioning of the business and some recent highlights, then turn it over to Cathy to tell you about our second quarter revenue, which was at the high end of our range, as well as our continued outlook for a strong second half of the year. If you've been following FTC Solar's progress over the last couple of years, you know that it's about taking the company with a great technology in a 2P niche and opening up the vast majority of the market with a 1P platform. This included developing a really compelling 1P tracker platform, getting qualified on all the modules, expanding the platform for customer needs across wind, snow, and terrain, and then systematically going through the customer qualification and AVL process to gain access to bid on projects. It's been an incredible amount of work by the team, and great work at that, to really put the company in a great position to grow and scale. During that timeline, I was brought in to lead the customer advisory board. Then, late last year, I joined the Board of Directors. At the time of my first conversation with you on the last quarter's earnings call, I was only …

Leadership Team of FTCI

8 executives

Name	Title	Compensation	Gender	Year Born	Status
Cathy Behnen	Chief Financial Officer, Chief Accounting Officer & Secretary	USD 400,392	Female	1964	Active
Sasan Aminpour	Chief Operating Officer	USD 378,792	Male	1964	Active
Patrick Cook	Senior Vice President of Capital Markets & Business Development	USD 375,104	Male	1984	Active
Tamara Mullings	Senior Vice President of North American Sales	USD 100,000	Female	1984	Active
Anthony Carroll	President, Chief Executive Officer & Director	USD 2,083	Male	1984	Active
Bill Michalek	Vice President of Investor Relations & Corporate Communications	—	Male	—	Active
James S. Kent	Chief Commercial Officer	—	Male	1938	Active
Alberto Echeverria	Senior Vice President of International Sales	—	Male	—	Active

Recent News of FTCI

Seeking Alpha8/5/2026Neutral

FTC Solar, Inc. (FTCI) Q2 2026 Earnings Call Transcript

MarketBeat8/5/2026Neutral

FTC Solar Q2 Earnings Call Highlights

FTC Solar NASDAQ: FTCI reported second-quarter revenue at the high end of its guidance range and reaffirmed its expectation for at least 40% revenue growth in 2026, as the solar-tracker company seeks to convert expanded customer approvals into larger project wins.

Zacks Investment Research8/5/2026Neutral

FTC Solar (FTCI) Reports Q2 Loss, Tops Revenue Estimates

FTC Solar (FTCI) came out with a quarterly loss of $0.76 per share versus the Zacks Consensus Estimate of a loss of $0.49. This compares to a loss of $0.86 per share a year ago.

GlobeNewsWire8/5/2026Neutral

FTC Solar Announces Second Quarter 2026 Financial Results

Second Quarter Highlights and Recent Developments Second quarter revenue up 52% q/q, 31% y/y, ahead of target Awarded 400MW project with top EPC and top developer Awarded 80+MW project in Australia for 2H delivery Scheduled to begin deliveries on 330+MW Australia project Announced entry into India market with multiple initial project wins Reaffirm outlook for 40% y/y revenue growth in 2026 Announced agreement for up to $20 million equity line of credit with institutional investor AUSTIN, Texas, Aug. 05, 2026 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced financial results for the second quarter ended June 30, 2026. “We're pleased to report that second quarter results were in line with or better than our targeted ranges,” said Anthony Carroll, President and CEO of FTC Solar, “and that we remain on track to outpace the market with 40% annual revenue growth in 2026.

GlobeNewsWire7/27/2026Neutral

FTC Solar to Announce Second Quarter 2026 Financial Results Wednesday, August 5, 2026

AUSTIN, Texas, July 27, 2026 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its second quarter 2026 financial results before market open on Wednesday, August 5, 2026.

Historical Employee Count of FTCI

Current

Minimum

Maximum

Recent Filings

Report Date	Form Type	Filing Date	SEC Filing
Dec 31, 2025	10-K	Mar 24, 2026	View
Dec 31, 2024	10-K	Mar 31, 2025	View
Dec 31, 2023	10-K	Mar 15, 2024	View
Dec 31, 2022	10-K	Feb 28, 2023	View
Dec 31, 2021	10-K	Mar 21, 2022	View

Related stocksSolar

Browse all US stocks →

About UsPrivacy PolicyTerms of ServiceDisclaimerStock DirectoryETFsIndices13F HoldingsAnalyst TargetsFree ToolsTechnology MapJoin our Slack

Plutux is not an investment adviser. Market data and AI-generated analysis are for information and education only, not investment advice. Disclaimer

FTC Solar, Inc.