FTC Solar (FTCI) Operating Income (2020 - 2026)
FTC Solar's (FTCI) quarterly Operating Income came in at -$13.7 million in Q2 2026, down 19.38% on a YoY basis from -$17.0 million in Q2 2025, and down 13.84% quarter-over-quarter from -$12.1 million in Q1 2026.
Analysis
FTC Solar (FTCI) Operating Income (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Operating Income for 7 consecutive years, with -$13.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Income fell 19.38% year-over-year to -$13.7 million; the trailing twelve-month figure through Jun 2026 stood at -$39.1 million (up 22.42% YoY), and the FY2025 full-year result was -$35.4 million, up 32.95% from the prior year.
- Operating Income retreated to -$13.7 million in Q2 2026 per FTCI's latest filing, from -$12.1 million in the prior quarter.
- Across five years, Operating Income topped out at -$5.7 million in Q4 2025 and bottomed at -$27.8 million in Q1 2022.
- Historically, Operating Income has averaged -$14.7 million across 5 years, with a median of -$12.4 million in 2023.
- The widest YoY moves for Operating Income: up 65.17% in 2022, down 246.4% in 2022.
- Over 5 years, Operating Income stood at -$19.9 million in 2022, then soared by 40.91% to -$11.7 million in 2023, then dropped by 14.42% to -$13.4 million in 2024, then jumped by 57.86% to -$5.7 million in 2025, then slumped by 142.57% to -$13.7 million in 2026.
- According to Business Quant data, Operating Income over the past three periods registered -$13.7 million, -$12.1 million, and -$5.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 450.39 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 190.91 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 51.52 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | -16.05 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | -22.78 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 18.72 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -71.06 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 34.77 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | -211.70 Mn |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | -13.73 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.73 Mn |
| Mar 31, 2026 | -12.06 Mn |
| Dec 31, 2025 | -5.66 Mn |
| Sep 30, 2025 | -7.71 Mn |
| Jun 30, 2025 | -11.50 Mn |
| Mar 31, 2025 | -10.56 Mn |
| Dec 31, 2024 | -13.43 Mn |
| Sep 30, 2024 | -14.98 Mn |
| Jun 30, 2024 | -11.92 Mn |
| Mar 31, 2024 | -12.50 Mn |
| Dec 31, 2023 | -11.74 Mn |
| Sep 30, 2023 | -16.28 Mn |
| Jun 30, 2023 | -10.37 Mn |
| Mar 31, 2023 | -12.40 Mn |
| Dec 31, 2022 | -19.86 Mn |
| Sep 30, 2022 | -26.69 Mn |
| Jun 30, 2022 | -25.24 Mn |
| Mar 31, 2022 | -27.78 Mn |
| Dec 31, 2021 | -23.54 Mn |
| Sep 30, 2021 | -22.77 Mn |