FTC Solar reported revenue of $26.16M and net income of -$27.12M for the quarter ended Jun 2026, up 30.8% year over year. This income statement covers 26 quarters of results from Mar 2020 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||||
| Revenue | 52.99M | 101.72M | 49.55M | 30.72M | 16.57M | 26.22M | 40.89M | 32.36M | 30.55M | 23.20M | 12.59M | 11.43M | 10.14M | 13.20M | 20.80M | 19.99M | 26.03M | 30.00M | 17.27M | 26.16M | ||||||
| Cost of RevenueCost of Rev | 61.03M | 110.30M | 58.84M | 37.23M | 26.09M | 28.13M | 38.86M | 30.16M | 27.17M | 22.51M | 14.70M | 13.77M | 14.44M | 17.04M | 24.25M | 23.91M | 24.44M | 27.97M | 18.49M | 28.39M | ||||||
| Gross Profit | -8.04M | -8.57M | -9.29M | -6.51M | -9.52M | -1.91M | 2.04M | 2.20M | 3.38M | 0.69M | -2.11M | -2.34M | -4.31M | -3.84M | -3.45M | -3.92M | 1.59M | 4.89M | -1.23M | -2.23M | ||||||
| Operating items | ||||||||||||||||||||||||||
| Research & DevelopmentR&D | 2.22M | 1.89M | 2.70M | 2.93M | 2.13M | 2.41M | 1.92M | 1.87M | 6.32M | 4.92M | 2.39M | 2.04M | 2.41M | 2.05M | 1.14M | 1.29M | 1.67M | 2.10M | 1.72M | 2.06M | ||||||
| Selling, General & AdministrativeSG&A | 10.39M | 12.68M | 13.82M | 13.09M | 13.06M | 13.77M | 10.80M | 8.84M | 11.41M | 6.05M | 6.57M | 6.01M | 6.80M | 6.07M | 5.05M | 5.16M | 6.40M | 7.34M | 8.00M | 8.22M | ||||||
| Other Operating ExpensesOther Opex | 2.12M | 0.40M | 1.97M | 2.71M | 1.99M | 1.77M | 1.71M | 1.85M | 1.92M | 1.45M | 1.44M | 1.53M | 1.47M | 1.47M | 0.92M | 1.13M | 1.23M | 1.11M | 1.12M | 1.21M | ||||||
| Operating ExpensesOpex | 14.73M | 14.97M | 18.49M | 18.73M | 17.18M | 17.95M | 14.43M | 12.57M | 19.66M | 12.43M | 10.39M | 9.58M | 10.67M | 9.59M | 7.11M | 7.58M | 9.30M | 10.55M | 10.83M | 11.49M | ||||||
| Operating IncomeOp. Inc | -22.77M | -23.54M | -27.78M | -25.24M | -26.69M | -19.86M | -12.40M | -10.37M | -16.28M | -11.74M | -12.50M | -11.92M | -14.98M | -13.43M | -10.56M | -11.50M | -7.71M | -5.66M | -12.06M | -13.73M | ||||||
| EBIT | -22.77M | -23.54M | -27.78M | -25.24M | -26.69M | -19.86M | -12.40M | -10.37M | -16.28M | -11.74M | -12.50M | -11.92M | -14.98M | -13.43M | -10.56M | -11.50M | -7.71M | -5.66M | -12.06M | -13.73M | ||||||
| Non-operating items | ||||||||||||||||||||||||||
| Non Operating Interest Expenses | 0.01M | 0.01M | 0.32M | 0.12M | 0.01M | 0.25M | 0.71M | 0.73M | 1.99M | 4.78M | 3.90M | 4.33M | ||||||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.01M | 0.02M | 0.07M | -0.34M | 0.25M | -0.07M | -0.14M | -0.05M | 0.01M | 0.04M | -0.01M | 0.09M | 0.35M | 0.00M | 0.07M | -0.20M | -0.03M | 0.00M | 0.01M | |||||||
| Net income details | ||||||||||||||||||||||||||
| EBT | -22.87M | -23.85M | -27.72M | -25.59M | -25.79M | -20.08M | -11.63M | -10.54M | -16.77M | -11.69M | -8.78M | -12.18M | -15.12M | -12.30M | -3.56M | -15.39M | -23.89M | -36.20M | 32.79M | -26.91M | ||||||
| Tax ProvisionsTaxes | 0.04M | -22.49M | 0.08M | 0.09M | -0.15M | -20.85M | 0.13M | -0.12M | 0.17M | -10.81M | -0.01M | 0.07M | 0.24M | -10.46M | 0.25M | 0.04M | 0.04M | -16.94M | 0.20M | 0.22M | ||||||
| Profit After TaxPAT | -22.91M | -23.88M | -27.79M | -25.68M | -26.11M | -20.21M | -11.76M | -10.41M | -16.98M | -10.96M | -8.77M | -12.24M | -15.36M | -12.48M | -3.82M | -15.43M | -23.94M | -36.39M | 32.60M | -27.12M | ||||||
| Equity Income | -0.05M | -0.34M | -0.32M | 0.30M | 0.20M | 0.30M | -1.90M | 0.10M | 0.50M | 1.90M | ||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | -22.91M | -1.36M | -27.80M | -25.68M | -25.64M | 0.77M | -11.76M | -10.41M | -16.94M | -0.88M | -8.77M | -12.25M | -15.36M | -1.84M | -3.82M | -15.43M | -23.94M | -19.26M | 32.59M | -27.13M | ||||||
| Consolidated Net IncomeConsol Net Inc. | -22.91M | -1.36M | -27.80M | -25.68M | -25.64M | 0.77M | -11.76M | -10.41M | -16.94M | -0.88M | -8.77M | -12.25M | -15.36M | -1.84M | -3.82M | -15.43M | -23.94M | -19.26M | 32.59M | -27.13M | ||||||
| Income towards Parent CompanyParent Net Inc | -22.91M | -1.36M | -27.80M | -25.68M | -25.64M | 0.77M | -11.76M | -10.41M | -16.94M | -0.88M | -8.77M | -12.24M | -15.36M | -1.84M | -8.42M | -15.43M | -23.94M | -19.26M | -16.14M | -27.12M | ||||||
| Net Income towards Common StockholdersNet Income | -22.91M | -1.36M | -27.80M | -25.68M | -25.64M | 0.77M | -11.76M | -10.41M | -16.94M | -0.88M | -8.77M | -12.24M | -15.36M | -1.84M | -8.42M | -15.43M | -23.94M | -19.26M | -16.14M | -27.12M | ||||||
| Additional items | ||||||||||||||||||||||||||
| EPS (Basic) | -2.42 | -0.16 | -2.80 | -2.56 | -2.51 | 0.08 | -1.10 | -0.92 | -1.41 | -0.08 | -0.70 | -0.97 | -1.21 | -0.15 | -0.65 | -1.18 | -1.61 | -1.37 | -1.04 | -1.69 | ||||||
| EPS (Diluted) | -2.42 | -0.16 | -2.80 | -2.56 | -2.51 | 0.08 | -1.10 | -0.92 | -1.41 | -0.08 | -0.70 | -0.97 | -1.21 | -0.15 | -0.58 | -1.18 | -1.61 | -1.37 | -0.72 | -1.69 | ||||||
| Shares Outstanding | 9.46M | 8.60M | 9.92M | 10.03M | 10.22M | 10.14M | 10.68M | 11.27M | 11.98M | 11.55M | 12.56M | 12.62M | 12.74M | 12.68M | 12.89M | 13.10M | 14.90M | 14.01M | 15.57M | 16.05M | ||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 9.46M | 8.60M | 9.92M | 10.03M | 10.22M | 10.14M | 10.68M | 11.27M | 11.98M | 11.55M | 12.56M | 12.62M | 12.74M | 12.68M | 14.59M | 13.10M | 14.90M | 14.01M | 22.40M | 16.05M | ||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 8.49M | 9.26M | 9.97M | 10.17M | 10.30M | 10.50M | 11.03M | 11.81M | 12.50M | 12.54M | 12.60M | 12.70M | 12.77M | 12.85M | 13.07M | 14.87M | 14.94M | 15.54M | 15.82M | 16.46M | ||||||
| EBITDA | -22.77M | -23.54M | -27.78M | -25.24M | -26.69M | -19.86M | -12.40M | -10.37M | -16.28M | -11.74M | -12.50M | -11.92M | -14.98M | -13.43M | -10.56M | -11.50M | -7.71M | -5.66M | -12.06M | -13.73M | ||||||
| Interest ExpensesInt Expense | 0.01M | 0.01M | 0.32M | 0.12M | 0.01M | 0.25M | 0.71M | 0.73M | 1.99M | 4.78M | 3.90M | 4.33M | ||||||||||||||
| Tax Rate | -0.18% | 94.29% | -0.29% | -0.35% | 0.59% | 103.81% | -1.13% | 1.16% | -1.01% | 92.49% | 0.13% | -0.57% | -1.61% | 85.01% | -7.12% | -0.26% | -0.18% | 46.80% | 0.61% | -0.82% |