Growth Metrics

FTC Solar (FTCI) Cost of Revenue (2020 - 2026)

FTC Solar posted quarterly Cost of Revenue of $1.7 million for Q1 2026, up 50.97% year-on-year from $1.1 million in Q1 2025, and down 93.87% on a QoQ basis from $28.0 million in Q4 2025.

FTC Solar (FTCI) has 7 years of Cost of Revenue data on file, last reported at $1.7 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 50.97% year-over-year to $1.7 million; the trailing twelve-month figure through Mar 2026 stood at $55.4 million (down 21.66% YoY), and the FY2025 full-year result was $100.6 million, up 67.75% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $1.7 million, down from $28.0 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $58.8 million in Q1 2022 and bottomed at $1.1 million in Q1 2025.
  • The 5-year median for Cost of Revenue is $14.4 million (2024), against an average of $19.1 million.
  • Peak annual rise in Cost of Revenue reached 5249.09% in 2022, while the deepest fall reached 95.58% in 2022.
  • A 5-year view of Cost of Revenue shows it stood at $28.1 million in 2022, then plunged by 82.5% to $4.9 million in 2023, then surged by 978.78% to $53.1 million in 2024, then plunged by 47.35% to $28.0 million in 2025, then tumbled by 93.87% to $1.7 million in 2026.
  • The last three Cost of Revenue figures came in at $1.7 million (Q1 2026), $28.0 million (Q4 2025), and $24.4 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 558.11 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 583.14 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 1.09 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 48.09 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 242.22 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 178.53 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 99.55 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 160.41 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 1.63 Bn
10 FTC Solar 73.33 Mn 67.69 Mn -1.23 Mn 1.72 Mn

Historic Data

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DateValue
Mar 31, 2026 1.72 Mn
Mar 31, 2026 1.72 Mn
Dec 31, 2025 27.97 Mn
Dec 31, 2025 27.97 Mn
Sep 30, 2025 24.44 Mn
Sep 30, 2025 24.44 Mn
Jun 30, 2025 1.29 Mn
Jun 30, 2025 1.29 Mn
Mar 31, 2025 1.14 Mn
Mar 31, 2025 1.14 Mn
Dec 31, 2024 53.12 Mn
Dec 31, 2024 53.12 Mn
Sep 30, 2024 14.44 Mn
Sep 30, 2024 14.44 Mn
Jun 30, 2024 2.04 Mn
Jun 30, 2024 2.04 Mn
Mar 31, 2024 2.39 Mn
Mar 31, 2024 2.39 Mn
Dec 31, 2023 4.92 Mn
Dec 31, 2023 4.92 Mn
Sep 30, 2023 6.32 Mn
Sep 30, 2023 6.32 Mn
Jun 30, 2023 30.16 Mn
Jun 30, 2023 30.16 Mn
Mar 31, 2023 38.86 Mn
Mar 31, 2023 38.86 Mn
Dec 31, 2022 28.13 Mn
Dec 31, 2022 28.13 Mn
Sep 30, 2022 26.09 Mn
Sep 30, 2022 26.09 Mn
Jun 30, 2022 2.93 Mn
Jun 30, 2022 2.93 Mn
Mar 31, 2022 58.84 Mn
Mar 31, 2022 58.84 Mn
Dec 31, 2021 110.30 Mn
Dec 31, 2021 110.30 Mn
Sep 30, 2021 2.22 Mn
Sep 30, 2021 2.22 Mn
Jun 30, 2021 66.16 Mn
Jun 30, 2021 66.16 Mn
Mar 31, 2021 1.10 Mn
Mar 31, 2021 1.10 Mn
Dec 31, 2020 49.00 Mn
Dec 31, 2020 49.00 Mn
Sep 30, 2020 56.77 Mn
Sep 30, 2020 56.77 Mn
Jun 30, 2020 52.54 Mn
Jun 30, 2020 52.54 Mn
Mar 31, 2020 25.40 Mn
Mar 31, 2020 25.40 Mn