FTC Solar, Inc. (FTCI) Stock

About FTC Solar, Inc.

FTC Solar, Inc. operates internationally, with a significant presence in the United States and Vietnam, specializing in advanced solar energy solutions. The company provides cutting-edge solar tracker systems, supporting technology, specialized software, and expert engineering services. Among its core offerings is the Voyager single-axis tracker, designed to orient two solar panels in a portrait configuration. Beyond hardware, FTC Solar develops crucial software platforms, including SunPath for optimizing energy production; Atlas, an enterprise-level, web-based database for managing extensive project portfolios; and SunDAT, a sophisticated tool for automated design and optimization of solar panel systems tailored for residential, commercial, and large-scale utility installations. FTC Solar's client base is diverse, comprising solar project developers, owners of solar assets, and engineering, procurement, and construction (EPC) contractors who are responsible for conceptualizing and executing solar energy ventures. The company was founded in 2017 and is based in Austin, Texas.

FTC Solar, Inc. is led by CEO Yann Brandt, employs 202 people, headquartered in US, publicly traded since 2021.

FTC Solar, Inc. (FTCI) stock trades at $1.48 with a market capitalization of $24.45M. The stock is valued at a negative price-to-earnings (P/E) ratio of -0.27, reflecting a net loss over the last twelve months, a negative price-to-book of -0.88, reflecting negative shareholders' equity, price-to-sales of 0.27. Over the past 52 weeks the stock has ranged between $1.42 and $12.75, and currently trades 88.4% below its 52-week high.

On profitability, FTC Solar, Inc. generates a return on equity (ROE) of 230.63% (not meaningful, as shareholders' equity is negative), return on capital employed of -543.79%, an operating margin of -33.00%, a net profit margin of -51.02%.

Official website: ftcsolar.com

FTC Solar, Inc. by the numbers, 2019–2025

Between 2019 and 2025 FTC Solar, Inc. reported revenue of $53.0M rising to $100.0M, a change of +88.7% across 7 years. Compounded, revenue has grown -11.8% a year over five years, -6.7% over three, 112.8% over the last twelve months. Net profit fell to $-77.0M.

Operating margin went from -23.3% in 2019 to -33.5% in 2025, a fall of 10.2 percentage points. The most recent net margin is -51.02%. On a trailing twelve-month basis to Jun '26, revenue is $102.0M and net profit $-52.0M.

Borrowings rose from $8.0M to $34.0M, cash on hand is $10.0M, cash from operations was $-33.0M in the latest year, positive in 1 of the last 7.

Return on equity has averaged -74.5% over five years, and was 192.5% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

FTC Solar, Inc. (FTCI) — frequently asked questions