FTC Solar (FTCI) Operating Expenses (2020 - 2026)
FTC Solar (FTCI) posted Operating Expenses of $10.8 million for Q1 2026, up 2.65% on a QoQ basis from $10.6 million in Q4 2025, and up 52.27% year-over-year from $7.1 million in Q1 2025.
FTC Solar (FTCI) Operating Expenses (2020 - 2026) Analysis & Trends
FTC Solar's Operating Expenses history runs 7 years deep, the most recent figure standing at $10.8 million for 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 was $10.8 million for Q1 2026 at FTC Solar, 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.
- A 5-year average of $12.8 million and a median of $10.8 million in 2026 frame the typical range for Operating Expenses.
- Peak annual rise in Operating Expenses reached 127.22% in 2022, while the deepest fall reached 66.81% in 2022.
- FTC Solar's Operating Expenses stood at $17.9 million in 2022, then plunged by 30.75% to $12.4 million in 2023, then slipped by 22.83% to $9.6 million in 2024, then rose by 10.01% to $10.6 million in 2025, then increased by 2.65% to $10.8 million in 2026.
- Business Quant data shows FTCI's Operating Expenses at $10.8 million in Q1 2026, $10.6 million in Q4 2025, and $9.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 130.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -232.93 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 188.46 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 55.90 Mn |
| 10 | FTC Solar | 48.88 Mn | 43.25 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 |