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