FTC Solar (FTCI) Net Income (2020 - 2026)
FTC Solar (FTCI) posted Net Income of $32.6 million for Q1 2026, up 269.2% on a QoQ basis from -$19.3 million in Q4 2025, and up 954.36% year-over-year from $3.1 million in Q1 2025.
FTC Solar (FTCI) Net Income (2020 - 2026) Analysis & Trends
FTC Solar's Net Income history runs 7 years deep, the most recent figure standing at $32.6 million for 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 was $32.6 million for Q1 2026 at FTC Solar, up from -$19.3 million in the prior quarter.
- Across five years, Net Income topped out at $32.6 million in Q1 2026 and bottomed at -$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 tumbled 273.46% — and 2026, when it jumped 954.36%.
- FTC Solar's Net Income stood at -$20.5 million in 2022, then soared by 45.47% to -$11.2 million in 2023, then decreased by 9.47% to -$12.2 million in 2024, then tumbled by 57.45% to -$19.3 million in 2025, then jumped by 269.2% to $32.6 million in 2026.
- Business Quant data shows FTCI's Net Income at $32.6 million in Q1 2026, -$19.3 million in Q4 2025, and -$23.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 346.62 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 150.60 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -7.40 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -228.75 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -57.37 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -297.33 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -297,000.00 |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -130.80 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 2.00 Mn |
| 10 | FTC Solar | 48.88 Mn | 43.25 Mn | -1.23 Mn | 32.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -52.36 Mn |