Company Analysis

FTC Solar, Inc. (FTCI)

Nasdaq: FTCI · Semiconductors & Related Devices · Austin, TX · filing with the SEC since 2021
Grade2.4
◀ Past 2.0● Present 1.5▶ Future 4.0
1 est.

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019
Report filedMar 24, 2026Mar 31, 2025Mar 15, 2024Feb 28, 2023Mar 21, 2022··
Revenue99,68747,355127,002123,066270,525187,35253,124
For lenders
Interest and dividend income233461,032····
Net interest income·-319-253-978-814-364-454
Cost of revenue100,56759,949118,695150,294303,070183,71355,075
Gross profit-880-12,5948,307-27,228-32,5453,639-1,951
Research and development4,3875,9157,1669,94911,5405,2223,960
Sales and marketing6,2018,88114,8118,6596,8233,5451,897
General and administrative23,95525,44037,10753,73675,89611,7984,563
Total operating expenses34,54340,23659,08472,34494,25920,56510,420
Operating income-35,423-52,830-50,777-99,572-126,804-16,926-12,371
Interest expense8,205665r-1,285····
Share of profit of equity-method investments··-6600-3541,399-709
Other income (expense), net140468-257····
Income before income taxes-79,052-48,376-50,628-99,178-106,420-16,007-13,534
Income tax expense525230-338435169-83-39
Net income-79,577-48,606-50,290-99,613-106,589-15,924-13,495
Earnings per share, basic-5.68-3.83-4.35r-9.80b-12.40b-2.30b-2.20b
Earnings per share, diluted-5.68-3.83-4.35r-9.80b-12.40b-2.30b-2.20b
Earnings per share, basic and diluted····-12.40b-2.30b-2.20b
Weighted average shares, basic14,012,29812,675,92311,554,615r10,140,826b8,604,305b6,881,053b6,204,338b
Weighted average shares, diluted14,012,29812,675,92311,554,615r10,140,826b8,604,305b6,881,053b6,204,338b
Weighted average shares, basic and diluted····8,604,305b6,881,053b6,204,338b
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.Share counts and per-share figures are on the newest report's basis, after the 1-for-10 reverse split.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Interest and dividend income what its loans and securities earnedus-gaap:InterestIncomeOperating
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpense
Share of profit of equity-method investments its share of companies it partly ownsus-gaap:IncomeLossFromEquityMethodInvestments
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Earnings per share, basic and diluted net income per share, where both counts are the sameus-gaap:EarningsPerShareBasicAndDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton FTCI · research, not advice