For the year ending 2025-12-31, FTCI made $99,687K in revenue. -$79,325K in net income. Net profit margin of -79.57%.
| Income Statement | 2025-12-31 | 2024-12-31 | ||
|---|---|---|---|---|
| Total revenue | 99,687 | 47,355 | ||
| Product | 76,400 | - | ||
| Service | 24,167 | - | ||
| Total cost of revenue | 100,567 | 59,949 | ||
| Gross loss | -880 | -12,594 | ||
| Research and development | 4,387 | 5,915 | ||
| Selling and marketing | 6,201 | 8,881 | ||
| General and administrative | 23,955 | 25,440 | ||
| Total operating expenses | 34,543 | 40,236 | ||
| Loss from operations | -35,423 | -52,830 | ||
| Interest expense | 8,205 | - | ||
| Interest income | 23 | - | ||
| Gain from disposal of investment in unconsolidated subsidiary | 3,204 | 8,807 | ||
| Gain on sale of atlas | 140 | 906 | ||
| Loss from change in fair value of warrant liability | 40,686 | 4,322 | ||
| Loss on extinguishment of debt | -173 | - | ||
| Bargain purchase gain | 377 | - | ||
| Other income, net | 140 | 468 | ||
| Interest expense, net | - | -319 | ||
| Income (loss) from unconsolidated subsidiary | 1,551 | -1,086 | ||
| Loss before income taxes | -79,052 | -48,376 | ||
| Provision for income taxes | 525 | 230 | ||
| Net loss | -79,577 | -48,606 | ||
| Foreign currency translation adjustments | 252 | -249 | ||
| Comprehensive loss | -79,325 | -48,855 | ||
| Basic EPS | -5.68 | -3.83 | ||
| Diluted EPS | -5.68 | -3.83 | ||
| Basic Average Shares | 14,012,298 | 12,675,923 | ||
| Diluted Average Shares | 14,012,298 | 12,675,923 | ||
FTC Solar, Inc. (FTCI)
FTC Solar, Inc. (FTCI)