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

Over the twelve months ended Jun 30, 2026, FTC Solar's Operating Expenses came in at $42.17 million, up 20.7% year-over-year; for FY2025, it was $34.54 million, down 14.1% from FY2024.

• Operating Expenses has declined for four consecutive years, though with a five-year compound annual growth rate of 10.9% (FY2020 to FY2025).
• By year, Operating Expenses came in at $40.24 million in FY2024 (-31.9%), $59.08 million in FY2023 (-18.3%), $72.34 million in FY2022 (-23.2%) and $94.26 million in FY2021 (+358.3%).
• The Q2 2026 figure ranks as the highest quarterly Operating Expenses since Q4 2023.
• Year over year, Operating Expenses has now increased in each of the last three quarters, with an average decline of 2.5% over the last eight quarters.
• The high point for year-over-year Operating Expenses in five years was Q3 2021 (growth of 173.3%); the low point was Q2 2022 (a decline of 66.8%).
• Per Business Quant data, the three quarters before Q2 2026 came in at $10.83 million (Q1 2026), $10.55 million (Q4 2025) and $9.3 million (Q3 2025).