For the quarter ending 2025-09-30, FTCI made $26,030,000 in revenue. -$23,901,000 in net income. Net profit margin of -91.82%.
| Income Statement | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Total revenue | 26,030,000 | 19,993,000 | 20,803,000 | 12,406,333.333 |
| Product | 18,550,000 | - | - | - |
| Service | 5,886,000 | - | - | - |
| Total cost of revenue | 24,436,000 | 23,912,000 | 24,250,000 | 15,169,000 |
| Gross profit (loss) | 1,594,000 | -3,919,000 | -3,447,000 | -2,762,666.667 |
| Research and development | 1,228,000 | 1,129,000 | 924,000 | 1,482,666.667 |
| Selling and marketing | 1,672,000 | 1,291,000 | 1,136,000 | 2,158,333.333 |
| General and administrative | 6,399,000 | 5,160,000 | 5,053,000 | 6,214,333.333 |
| Total operating expenses | 9,299,000 | 7,580,000 | 7,113,000 | 9,855,333.333 |
| Loss from operations | -7,705,000 | -11,499,000 | -10,560,000 | -12,618,000 |
| Interest expense | 1,988,000 | 731,000 | 711,000 | - |
| Interest income | 6,000 | 5,000 | 6,000 | - |
| Gain from disposal of investment in unconsolidated subsidiary | 0 | 0 | 3,204,000 | 2,201,750 |
| Gain on sale of atlas | 90,000 | 50,000 | - | 226,500 |
| Loss from change in fair value of warrant liability | 16,066,000 | 2,836,000 | -4,604,000 | 1,080,500 |
| Loss on extinguishment of debt | -173,000 | - | - | - |
| Other income, net | 35,000 | 71,000 | 4,000 | 125,000 |
| Interest expense, net | - | - | - | -114,333.333 |
| Income (loss) from unconsolidated subsidiary | 1,907,000 | -451,000 | -112,000 | -276,666.667 |
| Loss before income taxes | -23,894,000 | -15,391,000 | -3,565,000 | -11,087,000 |
| Provision for income taxes | 44,000 | 39,000 | 254,000 | -4,666.667 |
| Net loss | -23,938,000 | -15,430,000 | -3,819,000 | -11,082,333.333 |
| Foreign currency translation adjustments | 37,000 | 81,000 | 28,000 | -152,000 |
| Comprehensive loss | -23,901,000 | -15,349,000 | -3,791,000 | -11,234,333.333 |
| Earnings per share, basic | -1.61 | -1.18 | -0.3 | -1.237 |
| Earnings per share, diluted | -1.61 | -1.18 | -0.58 | -1.237 |
| Weighted average number of shares outstanding, basic | 14,899,638 | 13,098,825 | 12,888,695 | -38,234,789.667 |
| Weighted average number of shares outstanding, diluted | 14,899,638 | 13,098,825 | 14,588,972 | -38,234,789.667 |
FTC Solar, Inc. (FTCI)
FTC Solar, Inc. (FTCI)