FTC Solar Inc
NASDAQ:FTCI
FTC Solar Inc
NASDAQ:FTCI
Price:
7.88
USD
4.1%
Market Closed
Market Cap:
$117.7m
Income Statement
Earnings Waterfall
FTC Solar Inc
FTC Solar Inc
Income Statement
FTC Solar Inc
FTC Solar Inc
Currency: USD
| Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||
| Interest Expense |
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
2
|
4
|
|
| Revenue |
187
N/A
|
221
+18%
|
220
0%
|
213
-3%
|
271
+27%
|
254
-6%
|
235
-8%
|
199
-15%
|
123
-38%
|
114
-7%
|
116
+1%
|
130
+12%
|
127
-2%
|
99
-22%
|
78
-21%
|
57
-26%
|
47
-17%
|
56
+17%
|
64
+15%
|
80
+25%
|
|
| Gross Profit | |||||||||||||||||||||
| Cost of Revenue |
(184)
|
(224)
|
(238)
|
(242)
|
(303)
|
(296)
|
(267)
|
(232)
|
(150)
|
(130)
|
(123)
|
(124)
|
(119)
|
(95)
|
(78)
|
(65)
|
(60)
|
(70)
|
(80)
|
(90)
|
|
| Gross Profit |
4
N/A
|
(3)
N/A
|
(18)
-459%
|
(29)
-61%
|
(33)
-13%
|
(42)
-29%
|
(32)
+23%
|
(34)
-5%
|
(27)
+20%
|
(16)
+42%
|
(7)
+55%
|
6
N/A
|
8
+46%
|
4
-50%
|
(0)
N/A
|
(8)
-2 147%
|
(13)
-56%
|
(14)
-11%
|
(16)
-11%
|
(10)
+38%
|
|
| Operating Income | |||||||||||||||||||||
| Operating Expenses |
(21)
|
(25)
|
(77)
|
(86)
|
(94)
|
(105)
|
(67)
|
(70)
|
(72)
|
(68)
|
(62)
|
(65)
|
(59)
|
(55)
|
(52)
|
(43)
|
(40)
|
(37)
|
(35)
|
(34)
|
|
| Selling, General & Administrative |
(15)
|
(19)
|
(66)
|
(75)
|
(83)
|
(92)
|
(58)
|
(60)
|
(62)
|
(59)
|
(54)
|
(56)
|
(52)
|
(48)
|
(46)
|
(37)
|
(34)
|
(32)
|
(30)
|
(29)
|
|
| Research & Development |
(5)
|
(6)
|
(10)
|
(11)
|
(12)
|
(12)
|
(9)
|
(9)
|
(10)
|
(9)
|
(8)
|
(8)
|
(7)
|
(7)
|
(6)
|
(6)
|
(6)
|
(5)
|
(5)
|
(5)
|
|
| Operating Income |
(17)
N/A
|
(28)
-66%
|
(95)
-238%
|
(115)
-21%
|
(127)
-11%
|
(147)
-16%
|
(99)
+32%
|
(103)
-4%
|
(100)
+3%
|
(84)
+15%
|
(69)
+18%
|
(59)
+15%
|
(51)
+14%
|
(51)
0%
|
(52)
-3%
|
(51)
+3%
|
(53)
-3%
|
(51)
+4%
|
(50)
+1%
|
(43)
+14%
|
|
| Pre-Tax Income | |||||||||||||||||||||
| Interest Income Expense |
(0)
|
(0)
|
20
|
20
|
20
|
20
|
(1)
|
1
|
1
|
2
|
2
|
1
|
1
|
4
|
4
|
4
|
7
|
6
|
5
|
5
|
|
| Non-Reccuring Items |
(0)
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
| Gain/Loss on Disposition of Assets |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
1
|
1
|
|
| Total Other Income |
0
|
0
|
0
|
0
|
(0)
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(4)
|
1
|
(2)
|
(18)
|
|
| Pre-Tax Income |
(17)
N/A
|
(27)
-57%
|
(73)
-168%
|
(94)
-28%
|
(106)
-13%
|
(127)
-19%
|
(100)
+21%
|
(103)
-3%
|
(99)
+4%
|
(83)
+16%
|
(68)
+18%
|
(59)
+14%
|
(50)
+15%
|
(47)
+6%
|
(49)
-4%
|
(47)
+3%
|
(48)
-2%
|
(43)
+11%
|
(46)
-7%
|
(55)
-19%
|
|
| Net Income | |||||||||||||||||||||
| Tax Provision |
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
(0)
|
0
|
(0)
|
(0)
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(0)
|
(0)
|
|
| Income from Continuing Operations |
(17)
|
(28)
|
(74)
|
(94)
|
(106)
|
(127)
|
(100)
|
(103)
|
(100)
|
(84)
|
(68)
|
(59)
|
(50)
|
(47)
|
(48)
|
(47)
|
(49)
|
(44)
|
(47)
|
(55)
|
|
| Equity Earnings Affiliates |
1
|
1
|
1
|
1
|
(0)
|
(0)
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Net Income (Common) |
(16)
N/A
|
(27)
-68%
|
(72)
-170%
|
(92)
-28%
|
(107)
-15%
|
(127)
-19%
|
(100)
+21%
|
(103)
-3%
|
(100)
+3%
|
(84)
+16%
|
(68)
+18%
|
(60)
+13%
|
(50)
+16%
|
(47)
+6%
|
(49)
-4%
|
(48)
+3%
|
(49)
-2%
|
(44)
+10%
|
(47)
-7%
|
(55)
-18%
|
|
| EPS (Diluted) |
-2.31
N/A
|
-3.13
-35%
|
-9.11
-191%
|
-9.75
-7%
|
-12.38
-27%
|
-12.79
-3%
|
-9.99
+22%
|
-10.08
-1%
|
-9.82
+3%
|
-7.82
+20%
|
-6.06
+23%
|
-4.97
+18%
|
-4.35
+12%
|
-3.76
+14%
|
-3.89
-3%
|
-3.73
+4%
|
-3.83
-3%
|
-3.38
+12%
|
-3.57
-6%
|
-3.71
-4%
|
|
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