Company Overview
FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It also offers trackers and software solutions for the utility-scale solar energy markets, as well as for the project developers, solar asset owners, and engineering, procurement, and construction contractors that design and build solar energy projects. It also produces steel. The company was incorporated in 2017 and is headquartered in Austin, Texas.
Why Investors Should Care
Revenue has grown at a 11.1% CAGR over the past five years.
Recent Developments
- Dec 2025 Revenue of $99.69M (+110.5% YoY); net profit $-79.58M.
- Trailing 12 Months Year-on-year growth — revenue +30.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 11.1%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 11.06% |
| 1 Year: | 30.80% |
Stock Price Performance
| 1 Year: | -49.90% |
| 6 Months: | -46.56% |
| 3 Months: | -48.28% |
| 1 Month: | -11.40% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)43.63 · Neutral
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 11.1% over 5 years.
CONS
- Trading 80.7% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | FTCI FTC Solar, Inc. TECH | 2.41 | -0.42 | $39.82M | 0.00% | -81.27% | - | 11.06% | - |
| 2 | NVDA NVIDIA Corporation NDXSPXR3KAITECH | 225.73 | 28.50 | $5.45T | 0.46% | 74.66% | 117.21% | 24.64% | 32.12% |
| 3 | AAPL Apple Inc. NDXSPXR3KTECH | 316.22 | 36.22 | $4.61T | 0.34% | 68.72% | 148.75% | 1.81% | 3.92% |
| 4 | MSFT Microsoft Corporation NDXSPXR3KAITECH | 493.95 | 27.49 | $3.67T | 0.79% | 26.33% | 34.04% | 9.93% | 11.90% |
| 5 | TSM Taiwan Semiconductor Manufacturing Company Limited AITECH | 439.00 | 32.71 | $2.28T | 0.95% | 30.20% | 39.97% | 18.94% | 19.57% |
| 6 | AVGO Broadcom Inc. NDXSPXR3KAITECH | 368.56 | 46.95 | $1.75T | 0.71% | 16.70% | 44.25% | 17.04% | 54.08% |
| 7 | MU Micron Technology, Inc. NDXSPXR3KAITECH | 1,000.26 | 22.59 | $1.13T | 0.05% | 13.69% | 66.64% | 13.68% | 26.02% |
| 8 | AMD Advanced Micro Devices, Inc. NDXSPXR3KAITECH | 505.74 | 128.36 | $825.61B | 0.00% | 5.47% | 10.20% | 11.81% | 66.28% |
| 9 | ASML ASML Holding N.V. NDXAITECH | 1,764.85 | 59.89 | $677.88B | 0.51% | 42.97% | 53.94% | 15.55% | 19.55% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 32.38M | 51.16M | 59.64M | 65.71M | 50.11M | 52.99M | 49.55M | 30.72M | 16.57M | 40.89M | 32.36M | 30.55M | 12.59M | 11.43M | 10.14M | 20.80M | 19.99M | 26.03M | 17.27M | 26.16M |
| Gross Profit | 6.98M | -1.38M | 2.87M | 119.00K | 16.05M | -8.04M | -9.29M | -6.51M | -9.52M | 2.04M | 2.20M | 3.38M | -2.11M | -2.34M | -4.31M | -3.45M | -3.92M | 1.59M | -1.23M | -2.23M |
| Operating Income | 2.90M | -5.96M | -2.52M | -8.02M | -72.47M | -22.77M | -27.78M | -25.24M | -26.69M | -12.40M | -10.37M | -16.28M | -12.50M | -11.92M | -14.98M | -10.56M | -11.50M | -7.71M | -12.06M | -13.73M |
| Net Income | 3.42M | -6.78M | -2.84M | -7.44M | -52.35M | -22.91M | -27.79M | -25.68M | -25.64M | -11.76M | -10.41M | -16.94M | -8.77M | -12.24M | -15.36M | -3.82M | -15.43M | -23.94M | 32.60M | -27.12M |
| Diluted EPS | 0.04 | -0.09 | -0.04 | -0.11 | -0.61 | -0.24 | -0.28 | -0.26 | -0.25 | -0.11 | -0.09 | -0.14 | -0.70 | -0.97 | -1.21 | -0.58 | -1.18 | -1.61 | -0.72 | -1.69 |
| R&D Expense | 1.09M | 1.51M | 1.44M | 1.95M | 5.58M | 2.12M | 2.70M | 2.71M | 2.13M | 1.92M | 1.87M | 1.92M | 1.44M | 1.53M | 1.47M | 924.00K | 1.13M | 1.23M | 1.12M | 1.21M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Revenue | 53.12M | 187.35M | 270.52M | 123.07M | 127.00M | 47.35M | 99.69M |
| Gross Profit | -1.95M | 3.64M | -32.55M | -27.23M | 8.31M | -12.59M | -880.00K |
| Operating Income | -12.37M | -16.93M | -126.80M | -99.57M | -50.78M | -52.83M | -35.42M |
| Net Income | -13.49M | -15.92M | -106.59M | -99.61M | -50.29M | -48.61M | -79.58M |
| Diluted EPS | -0.22 | -0.23 | -1.24 | -0.98 | -4.35 | -3.83 | -5.68 |
| R&D Expense | 3.96M | 5.22M | 11.54M | 9.95M | 7.17M | 5.92M | 4.39M |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 71.39M | 243.02M | 134.40M | 123.07M | 89.93M | 111.81M |
| Total Equity | -1.86M | -8.45M | 7.45M | 142.87M | 66.45M | 62.47M | 19.04M | -42.96M |
| Cash & Equivalents | - | 7.22M | 32.36M | 102.19M | 44.38M | 25.23M | 11.25M | 21.11M |
| Long Term Debt | - | - | 784.00K | 0 | - | 0 | 9.47M | 9.92M |
| Total Liabilities | - | - | 63.94M | 100.15M | 67.95M | 60.60M | 70.89M | 154.77M |
| Current Liabilities | - | - | 59.81M | 93.25M | 60.34M | 54.66M | 49.07M | 68.22M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -254.00K | 629.00K | -132.85M | -54.51M | -52.66M | -34.70M | -33.44M |
| Investing Cash Flow | -18.00K | 1.87M | 21.31M | -4.25M | -397.00K | 6.26M | 2.80M |
| Financing Cash Flow | 7.00M | 22.64M | 180.37M | 903.00K | 33.95M | 14.50M | 40.40M |
| Capital Expenditure | -18.00K | -256.00K | -1.02M | -985.00K | -816.00K | -1.65M | -1.13M |
| Free Cash Flow | -272.00K | 373.00K | -133.88M | -55.49M | -53.47M | -36.34M | -34.57M |
| Share Buybacks | 0 | 0 | 54.16M | 0 | 0 | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|
| Gross Margin % | -3.7% | 1.9% | -12.0% | -22.1% | 6.5% | -26.6% | -0.9% |
| Operating Margin % | -23.3% | -9.0% | -46.9% | -80.9% | -40.0% | -111.6% | -35.5% |
| Net Margin % | -25.4% | -8.5% | -39.4% | -80.9% | -39.6% | -102.6% | -79.8% |
| ROE % | 159.8% | -213.7% | -74.6% | -149.9% | -80.5% | -255.3% | 185.2% |
| ROCE % | - | -146.1% | -84.7% | -134.5% | -74.2% | -129.3% | -81.3% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Vanguard Capital Management LLC | 2.72% | 449.37K | $1.04M |
| 2 | Gilder Gagnon Howe & Co LLC | 1.52% | 250.78K | $579.31K |
| 3 | Geode Capital Management, LLC | 0.73% | 121.24K | $280.06K |
| 4 | Blackrock Inc. | 0.69% | 114.35K | $264.14K |
| 5 | Vanguard Fiduciary Trust Co | 0.43% | 71.39K | $164.92K |
| 6 | Cerity Partners LLC | 0.30% | 49.03K | $113.26K |
| 7 | Marshall Wace LLP | 0.29% | 48.28K | $111.53K |
| 8 | GSA Capital Partners LLP | 0.28% | 46.37K | $107.10K |
| 9 | State Street Corporation | 0.28% | 45.47K | $105.04K |
| 10 | Morgan Stanley | 0.25% | 41.46K | $95.77K |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for FTCI
FTC Solar sets investor meetings in New York and Austin - Stock Titan
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FTCI Looks 56.1% Undervalued on GF Value™ Amid Challenging Funda - gurufocus.com
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Shipments begin for a 330-megawatt solar project in Australia, with battery storage too - Stock Titan
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FTCI — Frequently Asked Questions
What is the current share price of FTC Solar, Inc. (FTCI)?
As of 2026-09-19 21:16 PDT, FTC Solar, Inc. (FTCI) trades at $2.41 on NasdaqCM. Its 52-week range is $1.99 to $12.50.
What is the market capitalisation of FTCI?
FTC Solar, Inc. (FTCI) has a market capitalisation of $39.82M on NasdaqCM.
What is the P/E ratio of FTCI?
FTCI trades at a trailing price-to-earnings (P/E) ratio of -0.42. The industry average P/E is 29.22. Its price-to-book (P/B) ratio is -1.25.
Is FTCI a good stock to buy?
This page provides a data-driven analysis of FTC Solar, Inc. (FTCI), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.