Growth Metrics

FTC Solar (FTCI) Operating Expenses (2020 - 2026)

FTC Solar posted quarterly Operating Expenses of $10.8 million for Q1 2026, up 52.27% year-on-year from $7.1 million in Q1 2025, and up 2.65% on a QoQ basis from $10.6 million in Q4 2025.

FTC Solar (FTCI) has 7 years of Operating Expenses data on file, last reported at $10.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 52.27% year-over-year to $10.8 million; the trailing twelve-month figure through Mar 2026 stood at $38.3 million (up 3.53% YoY), and the FY2025 full-year result was $34.5 million, down 14.15% from the prior year.
  • Operating Expenses for Q1 2026 stood at $10.8 million, up from $10.6 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $19.7 million in Q3 2023 and bottomed at $7.1 million in Q1 2025.
  • The 5-year median for Operating Expenses is $10.8 million (2026), against an average of $12.8 million.
  • Peak annual rise in Operating Expenses reached 127.22% in 2022, while the deepest fall reached 66.81% in 2022.
  • A 5-year view of Operating Expenses shows it stood at $17.9 million in 2022, then sank by 30.75% to $12.4 million in 2023, then decreased by 22.83% to $9.6 million in 2024, then increased by 10.01% to $10.6 million in 2025, then grew by 2.65% to $10.8 million in 2026.
  • The last three Operating Expenses figures came in at $10.8 million (Q1 2026), $10.6 million (Q4 2025), and $9.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 140.83 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 143.79 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 188.46 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 130.04 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 123.32 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 765.74 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 33.29 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 55.90 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -232.93 Mn
10 FTC Solar 73.33 Mn 67.69 Mn -1.23 Mn 10.83 Mn

Historic Data

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DateValue
Mar 31, 2026 10.83 Mn
Dec 31, 2025 10.55 Mn
Sep 30, 2025 9.30 Mn
Jun 30, 2025 7.58 Mn
Mar 31, 2025 7.11 Mn
Dec 31, 2024 9.59 Mn
Sep 30, 2024 10.67 Mn
Jun 30, 2024 9.58 Mn
Mar 31, 2024 10.39 Mn
Dec 31, 2023 12.43 Mn
Sep 30, 2023 19.66 Mn
Jun 30, 2023 12.57 Mn
Mar 31, 2023 14.43 Mn
Dec 31, 2022 17.95 Mn
Sep 30, 2022 17.18 Mn
Jun 30, 2022 18.73 Mn
Mar 31, 2022 18.49 Mn
Dec 31, 2021 14.97 Mn
Sep 30, 2021 14.73 Mn
Jun 30, 2021 56.42 Mn
Mar 31, 2021 8.14 Mn
Dec 31, 2020 6.51 Mn
Sep 30, 2020 5.39 Mn
Jun 30, 2020 4.58 Mn
Mar 31, 2020 4.08 Mn