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Companies / Information Technology / FTC Solar, Inc.
FTCI

FTC Solar, Inc.

Ticker FTCIAUSTIN, TXFiscal year ends DecemberBook value per share $-0.76Diluted shares 22.9M

FTC Solar, Inc. (Nasdaq: FTCI) is a global provider of solar tracker systems, software and engineering services for utility-scale solar and distributed-generation projects. Its trackers move solar panels to follow the sun, and its customers are primarily engineering, procurement and construction companies, as well as… From the company’s description.

Over the twelve months to Sep 30, 2026, FTC Solar, Inc. reported revenue of $109.10M, up 36.3% from a year earlier, and a net loss of $24.21M. Its operating margin was −36.7%, and operations used $6.95M in cash. In fiscal 2025, it reported revenue of $99.69M, up 110.5% from fiscal 2024, and a net loss of $79.58M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$99.69MFY2025
+110.5% year over year
Last 12 mo $109.10M
-35.53%FY2025
+76 percentage points
Last 12 mo -36.65%
$-79.58MFY2025
−63.7% year over year
Last 12 mo $-24.21M
185.24%FY2025
+440.6 percentage points
Last 12 mo 139.04%
Cash & financing
$-33.44MFY2025
+3.6% year over year
Last 12 mo $-6.95M
$-34.57MFY2025
+4.9% year over year
Last 12 mo $-8.17M
-0.53FY2025
Was 0.50× a year earlier
Last 12 mo -1.44
14.0MFY2025
+10.5% year over year
Last 12 mo 22.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What FTC Solar, Inc. does

In the company’s own words

FTC Solar, Inc. (Nasdaq: FTCI) is a global provider of solar tracker systems, software and engineering services for utility-scale solar and distributed-generation projects. Its trackers move solar panels to follow the sun, and its customers are primarily engineering, procurement and construction companies, as well as project developers and owners. Products include the one-module-in-portrait Pioneer and two-module-in-portrait Voyager tracker systems, plus mounting solutions for U.S.-manufactured thin-film modules. Its SUNPATH software adjusts tracker angles to manage shading and optimize energy production, while SUNOPS helps customers monitor operations and identify tracker underperformance. Engineering services include site layout, structural design and pile testing. FTC Solar operates as one business segment focused on manufacturing and servicing solar tracker systems; revenue includes tracker and component sales, software licenses, engineering, shipping, maintenance and support. The company acquired Alpha Steel in November 2025, adding domestic production of torque tubes, rails, couplers and other products, while continuing to use contract manufacturers. It had 232 employees as of December 31, 2025. Its website is https://www.ftcsolar.com.

Company details
Sector
Information Technology
Industry (SIC)
Semiconductors
Headquarters
AUSTIN, TX
Fiscal year end
December
CIK
1828161
SIC
3674

Financial performance, year by year

Fiscal 2020–2025 · USD
$-144.30M$-31.17M$81.97M$195.10M$308.24M202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns FTC Solar, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

14
funds hold it
0 of 35
superinvestors hold it
$3.19M
held by funds, at market
3.4%
of shares held by funds

Largest fund holders · FTC Solar, Inc.’s weight in each

VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.00%of fund net assets
Fidelity Extended Market Index Fund
FSMAX · Fidelity Concord Street Trust
—of fund net assets
iShares Micro-Cap ETF
IWC · iShares Trust
0.01%of fund net assets
Ultra-Small Company Fund
BRUSX · Bridgeway Funds, Inc.
0.15%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do FTC Solar, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of FTC Solar, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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