FTCI · XBRL financial data

FTC Solar financial statements, every fiscal year

The same tables from 5 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (FTCI's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	270,525	123,066	127,002	47,355	99,687
Cost of goods and services sold	303,070	150,294	118,695	59,949	100,567
Gross profit	(32,545)	(27,228)	8,307	(12,594)	(880)
Research and development	11,540	9,949	7,166	5,915	4,387
General and administrative	75,896	53,736	37,107	25,440	23,955
Total operating expenses	94,259	72,344	59,084	40,236	34,543
Operating income (loss)	(126,804)	(99,572)	(50,777)	(52,830)	(35,423)
Interest expense	—	—	(1,285)	(665)	8,205
Other income (expense)	—	—	(257)	468	140
Income tax expense (benefit)	169	435	(338)	230	525
Net income (loss)	(106,589)	(99,613)	(50,290)	(48,606)	(79,577)
Earnings per share, basic USD per share	(1.24)	(0.98)	(0.44)	(3.83)	(5.68)
Earnings per share, diluted USD per share	(1.24)	(0.98)	(0.44)	(3.83)	(5.68)
Weighted average shares, basic thousands of shares	86,043	101,408	115,546	12,676	14,012
Weighted average shares, diluted thousands of shares	86,043	101,408	115,546	12,676	14,012

† Share count changed about 1/10 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (FTCI's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	102,185	44,385	25,235	11,247	21,105
Accounts receivable	107,548	49,052	65,279	39,709	55,743
Inventory	8,860	14,949	3,905	10,144	9,627
Prepaid and other current assets	17,186	10,304	14,089	15,028	11,294
Total current assets	235,779	118,690	108,508	76,128	97,769
Property and equipment, net	1,582	1,702	1,823	2,217	3,793
Right-of-use asset	1,733	1,154	1,819	1,149	983
Goodwill	0	7,538	7,353	7,139	7,444
Total assets	243,020	134,398	123,070	89,928	111,812
Accounts payable	39,264	15,801	7,979	12,995	13,247
Accrued liabilities	47,860	23,896	34,848	20,134	23,770
Total current liabilities	93,248	60,340	54,665	49,073	68,225
Long-term debt	0	—	—	—	—
Lease liability, non-current	1,340	786	1,124	411	553
Total liabilities	100,154	67,948	60,599	70,892	154,770
Accumulated deficit	(149,232)	(248,845)	(299,135)	(347,741)	(427,318)
Total stockholders' equity	142,866	66,450	62,471	19,036	(42,958)
Total liabilities and equity	243,020	134,398	123,070	89,928	111,812
Common shares outstanding (cover page) thousands of shares	99,144	106,195	125,614	12,868	15,585

† Share count changed about 1/10 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

Fiscal years (FTCI's year ends in late December)

In thousands of dollars	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024†Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(106,589)	(99,613)	(50,290)	(48,606)	(79,577)
Stock-based compensation	61,765	20,303	8,295	5,412	4,960
Net cash from operating activities	(132,854)	(54,510)	(52,656)	(34,699)	(33,444)
Purchases of property and equipment	1,025	985	816	1,645	1,129
Net cash from investing activities	21,307	(4,247)	(397)	6,262	2,801
Proceeds from issuing common stock	241,155	0	34,007	0	4,710
Share repurchases	54,155	0	0	—	—
Proceeds from long-term debt	0	0	—	—	—
Repayments of long-term debt	1,000	0	0	—	—
Net cash from financing activities	180,369	903	33,950	14,498	40,399
Net change in cash	68,812	(57,800)	(19,150)	(13,988)	9,858

† Share count changed about 1/10 in the period ending 2024-12-31, likely a stock split with no split ratio in the XBRL data; figures before that column are not adjusted.

SIC 3674 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 3674 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-K, the year less the first three quarters; for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.
A cell reading “year only” links to a 10-K that gives only the full year: without all three earlier quarters there is no fourth quarter to work out, and the year total is never shown as a quarter.

Company	Cash ($K)	Revenue, quarter ($K)	Operating cash flow, quarter ($K)	Shares outstanding	Runway	Quarter
FTC Solar	5,076	32,813	5,555*	18.3M	—	Q3 FY26 10-QSep 30, 2026
Ideal Power	41,294	not reported	(2,438)*	16.4M	16.9 quarters	Q2 FY26 10-QJun 30, 2026
Ambiq Micro	366,774	33,901	(9,505)*	24.2M	38.6 quarters	Q2 FY26 10-QJun 30, 2026
R F Industries	4,454	23,960	1,611*	10.8M	—	Q3 FY26 10-QJul 31, 2026
Tigo Energy	16,753	24,039	1,992*	77.6M	—	Q3 FY26 10-QSep 30, 2026
Mobix Labs	2,142	789	(5,702)*	not reported	0.4 quarters	Q3 FY26 10-QJun 30, 2026
Solitron Devices	7,357	5,657	1,430*	2.2M	—	Q2 FY27 10-QAug 31, 2026
Key Tronic	584	year only	(5,547)*	11.1M	0.1 quarters	Q4 FY26 10-KJun 27, 2026
LGL Group	45,115	1,153	(393)*	12.6M	114.9 quarters	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.