Income Statement - FTC Solar, Inc. (FTCI)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | |
|---|---|---|---|---|---|---|---|
| Total revenue | 99.69 | 47.36 | 127.00 | 123.07 | 270.53 | 187.35 | 53.12 |
| Cost of revenue | 98.56 | 59.95 | 118.70 | 150.29 | 303.07 | 183.71 | 55.08 |
| Gross profit | 1.13 | -12.59 | 8.31 | -27.23 | -32.55 | 3.64 | -1.95 |
| Total operating expenses | 34.54 | 40.24 | 59.08 | 72.34 | 94.26 | 20.57 | 10.42 |
| Operating income | -33.42 | -52.83 | -50.78 | -99.57 | -126.80 | -16.93 | -12.37 |
| Non-operating income (net) | -42.98 | 4.45 | 0.15 | 0.39 | 20.38 | 0.92 | -1.16 |
| Income before tax | -76.40 | -48.38 | -50.63 | -99.18 | -106.42 | -16.01 | -13.53 |
| Income tax expense | 0.53 | 0.23 | -0.34 | 0.44 | 0.17 | -0.08 | -0.04 |
| Net income | -76.92 | -48.61 | -50.29 | -99.61 | -106.59 | -15.92 | -13.50 |
Show Quarterly Income Statement
Income Statement - FTC Solar, Inc. (FTCI)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 17.27 | 32.86 | 26.03 | 19.99 | 20.80 | 13.20 | 10.14 | 11.43 | 12.59 | 23.20 | 30.55 | 32.36 | 40.89 | 26.22 | 16.57 | 30.72 | 49.55 | 101.72 | 52.99 | 50.11 | 65.71 | 44.18 | 59.64 | 51.16 | 32.38 |
| Cost of revenue | 18.49 | 25.96 | 24.44 | 23.91 | 24.25 | 17.04 | 14.44 | 13.77 | 14.70 | 22.51 | 27.17 | 30.16 | 38.86 | 28.13 | 26.09 | 37.23 | 58.84 | 110.30 | 61.03 | 66.17 | 65.59 | 49.00 | 56.77 | 52.54 | 25.40 |
| Gross profit | -1.23 | 6.90 | 1.59 | -3.92 | -3.45 | -3.84 | -4.31 | -2.34 | -2.11 | 0.69 | 3.38 | 2.20 | 2.04 | -1.91 | -9.52 | -6.51 | -9.29 | -8.58 | -8.04 | -16.06 | 0.12 | -4.83 | 2.87 | -1.38 | 6.98 |
| Total operating expenses | 10.83 | 10.55 | 9.30 | 7.58 | 7.11 | 9.59 | 10.67 | 9.58 | 10.39 | 12.43 | 19.66 | 12.57 | 14.43 | 17.95 | 17.18 | 18.73 | 18.49 | 14.97 | 14.73 | 59.91 | 8.14 | 6.51 | 5.39 | 4.58 | 4.08 |
| Operating income | -12.06 | -3.65 | -7.71 | -11.50 | -10.56 | -13.43 | -14.98 | -11.92 | -12.50 | -11.74 | -16.28 | -10.37 | -12.40 | -19.86 | -26.69 | -25.24 | -27.78 | -23.54 | -22.77 | -75.96 | -8.02 | -11.34 | -2.53 | -5.96 | 2.90 |
| Non-operating income (net) | 44.85 | -29.90 | -16.19 | -3.89 | 7.00 | 1.13 | -0.14 | -0.25 | 3.72 | 0.05 | -0.49 | -0.17 | 0.77 | -0.22 | 0.91 | -0.35 | 0.06 | -0.31 | -0.10 | 20.37 | 0.78 | 1.64 | -0.29 | -0.80 | -0.11 |
| Income before tax | 32.79 | -33.55 | -23.89 | -15.39 | -3.57 | -12.30 | -15.12 | -12.18 | -8.78 | -11.69 | -16.77 | -10.54 | -11.63 | -20.08 | -25.79 | -25.59 | -27.72 | -23.85 | -22.87 | -55.59 | -7.24 | -9.70 | -2.82 | -6.76 | 2.78 |
| Income tax expense | 0.20 | 0.19 | 0.04 | 0.04 | 0.25 | -0.07 | 0.24 | 0.07 | -0.01 | -0.51 | 0.17 | -0.12 | 0.13 | 0.42 | -0.15 | 0.09 | 0.08 | 0.03 | 0.04 | 0.12 | -0.02 | 0.03 | 0.02 | 0.02 | -0.16 |
| Net income | 32.60 | -33.73 | -23.94 | -15.43 | -3.82 | -12.24 | -15.36 | -12.24 | -8.77 | -11.18 | -16.94 | -10.41 | -11.76 | -20.50 | -25.64 | -25.68 | -27.79 | -23.88 | -22.92 | -55.84 | -7.44 | -9.73 | -2.84 | -6.78 | 3.42 |