FTC Solar (FTCI) Net Income (2020 - 2026)
FTC Solar's (FTCI) quarterly Net Income came in at $32.6 million in Q1 2026, up 954.36% YoY from $3.1 million in Q1 2025, and up 269.2% on a QoQ basis from -$19.3 million in Q4 2025.
FTC Solar (FTCI) Net Income (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Net Income data on file, last reported at $32.6 million in Q1 2026.
- Quarterly Net Income rose 954.36% year-over-year to $32.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$26.0 million (up 40.36% YoY) and the FY2025 annual result came in at -$62.5 million, down 28.48% from the prior year.
- Net Income climbed to $32.6 million in Q1 2026, from -$19.3 million in the prior quarter.
- In the past five years, Net Income ranged from a high of $32.6 million in Q1 2026 to a low of -$27.8 million in Q1 2022.
- A 5-year average of -$13.4 million and a median of -$15.4 million in 2024 frame the typical range for Net Income.
- Annual changes were most pronounced in 2022 — Net Income plunged 273.46% — and 2026, when it jumped 954.36%.
- Tracing FTCI's Net Income over 5 years: stood at -$20.5 million in 2022, then jumped by 45.47% to -$11.2 million in 2023, then fell by 9.47% to -$12.2 million in 2024, then sank by 57.45% to -$19.3 million in 2025, then surged by 269.2% to $32.6 million in 2026.
- The last three Net Income figures came in at $32.6 million (Q1 2026), -$19.3 million (Q4 2025), and -$23.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 422.57 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 165.36 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 36.08 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | -208.17 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | -30.75 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 12.14 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | 130.80 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | -228.75 Mn |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 24.32 Mn |
| 10 | FTC Solar | 34.18 Mn | 23.11 Mn | -2.23 Mn | -27.13 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -27.13 Mn |
| Mar 31, 2026 | 32.59 Mn |
| Dec 31, 2025 | -19.26 Mn |
| Sep 30, 2025 | -23.94 Mn |
| Jun 30, 2025 | -15.43 Mn |
| Mar 31, 2025 | -3.82 Mn |
| Dec 31, 2024 | -12.24 Mn |
| Sep 30, 2024 | -15.36 Mn |
| Jun 30, 2024 | -12.25 Mn |
| Mar 31, 2024 | -8.77 Mn |
| Dec 31, 2023 | -11.18 Mn |
| Sep 30, 2023 | -16.94 Mn |
| Jun 30, 2023 | -10.41 Mn |
| Mar 31, 2023 | -11.76 Mn |
| Dec 31, 2022 | -20.50 Mn |
| Sep 30, 2022 | -25.64 Mn |
| Jun 30, 2022 | -25.68 Mn |
| Mar 31, 2022 | -27.79 Mn |
| Dec 31, 2021 | -23.88 Mn |
| Sep 30, 2021 | -22.92 Mn |