SequelSEC

FTC Solar, Inc. FTCI

Semiconductors & Related Devices · CIK 0001828161 · Fiscal year ends 1231

Revenue
$102.31M
Fiscal year ended 2026-06-30
Operating income
-$39.15M
Fiscal year ended 2026-06-30
Free cash flow
-$28.52M
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$38.13MMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$2.45Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / revenue0.4×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

How this compares in its industry

Percentile among the Semiconductors & Related Devices filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
Gross margin-0.9%5th
Revenue YoY growth110.5%92th
CapEx / revenue1.1%11th
R&D / revenue4.4%11th
Net margin-79.8%14th
Current ratio1.43x15th
FCF margin-34.7%19th
Operating margin-35.5%21th
SBC / revenue5.0%49th

FTC Solar, Inc. (FTCI) reported revenue of $102.31M and net income of -$54.85M for the fiscal year ended 2026-06-30. This page shows 1 annual period of income statement, balance sheet and cash flow figures normalized from FTC Solar, Inc.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Semiconductors & Related Devices.

Income

FTC Solar, Inc. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Revenue$102.31M
Cost of revenue$99.29M
Gross profit$3.02M
Operating income-$39.15M
Net income-$54.85M
Research & development$4.66M
Weighted-average diluted sharesUnavailable
Pretax income-$54.21M
Income tax expense$644.00K
Diluted EPSUnavailable
Selling, general & administrative$37.51M
General & administrative$29.96M
Selling & marketing$7.55M

Balance

FTC Solar, Inc. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Cash & equivalents$10.08M
Total assets$98.06M
Current assets$83.32M
Total liabilities$128.40M
Current liabilities$91.23M
Total equity incl. NCI-$30.35M
Temporary (mezzanine) equityUnavailable
Inventory$9.99M
Accounts receivable$48.67M
Goodwill$7.66M
Long-term debt$0
Accounts payable$11.44M

Cash flow

FTC Solar, Inc. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Operating cash flow-$27.14M
Capital expenditures$1.37M
Investing cash flow-$757.00K
Financing cash flow$35.40M
Net change in cash$7.56M
Stock-based compensation$9.25M
Common dividends paidUnavailable
Common share repurchasesUnavailable
Depreciation & amortization$1.46M

Derived

FTC Solar, Inc. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-30
Free cash flow-$28.52M
Gross margin3.0%
Operating margin-38.3%
FCF margin-27.9%
SBC / revenue9.0%
Current ratio0.91x
Revenue YoY growth59.5%
Net margin-53.6%
R&D / revenue4.6%
CapEx / revenue1.3%
Long-term debt / equityUnavailable
Effective tax rateUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FTCI in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-03-24View SEC filing
10-Q · Filed 2025-11-12View SEC filing
10-Q · Filed 2025-08-05View SEC filing
10-Q · Filed 2025-05-01View SEC filing

Companies in the same industry

Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.