FTC Solar (FTCI) Operating Expenses (2020 - 2026)
FTC Solar's (FTCI) quarterly Operating Expenses came in at $10.8 million in Q1 2026, up 52.27% YoY 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) Operating Expenses (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Operating Expenses data on file, last reported at $10.8 million in Q1 2026.
- Quarterly Operating Expenses rose 52.27% year-over-year to $10.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $38.3 million (up 3.53% YoY) and the FY2025 annual result came in at $34.5 million, down 14.15% from the prior year.
- Operating Expenses grew to $10.8 million in Q1 2026, from $10.6 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $19.7 million in Q3 2023 to a low of $7.1 million in Q1 2025.
- A 5-year average of $12.8 million and a median of $10.8 million in 2026 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 127.22% in 2022, down 66.81% in 2022.
- Tracing FTCI's Operating Expenses over 5 years: stood at $17.9 million in 2022, then slumped by 30.75% to $12.4 million in 2023, then retreated by 22.83% to $9.6 million in 2024, then grew by 10.01% to $10.6 million in 2025, then climbed 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 835.20 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 111.20 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 188.46 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 64.84 Mn |
| 10 | FTC Solar | 34.34 Mn | 23.27 Mn | -2.23 Mn | 11.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 11.49 Mn |
| 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 |