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
Download Data| Date | Value |
|---|---|
| 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 |