FTCI
FTC Solar, Inc.
FTCI lost money over the past year, so it has no meaningful PE right now. Analysts expect losses to shrink.
FTCI Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Weak | |
| Under pressure | |
| Unavailable |
FTCI's revenue is currently healthy, but its profitability and cash flow are under pressure. There isn't enough data to rate its balance sheet.
FTCI PE Valuation
FTCI has no meaningful PE right now: it lost money over the past year.
FTCI Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect FTCI's losses to shrink, with revenue growing.
FTCI Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | -$5.26 | -$0.96 |
| Q2 2026 | -$6.33 | -$2.44 |
| Q1 2026 | -$5.82 | -$2.11 |
| Q4 2025 | -$5.68 | -$1.85 |
| Q3 2025 | -$4.30 | -$0.40 |
| Q2 2025 | -$3.89 | +$0.21 |
| Q1 2025 | -$3.71 | +$0.29 |
| Q4 2024 | -$3.83 | +$0.57 |
FTCI is still losing money, but far less than before: $5.26 per share over the past year, against $14.10 at its worst in early 2022.
FTCI Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $32.8M | +26% |
| Q2 2026 | $26.2M | +31% |
| Q1 2026 | $17.3M | -17% |
| Q4 2025 | $32.9M | +149% |
| Q3 2025 | $26M | +157% |
| Q2 2025 | $20M | +75% |
| Q1 2025 | $20.8M | +65% |
| Q4 2024 | $13.2M | -43% |
FTCI's revenue is recovering but still below its 2021 peak: $33M last quarter, up 26% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -26% | +3.6 points |
| Q2 2026 | -52% | +5 points |
| Q1 2026 | -70% | -19 points |
| Q4 2025 | -17% | +85 points |
| Q3 2025 | -30% | +118 points |
| Q2 2025 | -58% | +47 points |
| Q1 2025 | -51% | +49 points |
| Q4 2024 | -102% | -51 points |
FTCI's operating margin was −26% last quarter, up 3.6 points from the same quarter a year ago.
FTCI Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $5.5M | +$20.6M |
| Q2 2026 | $8M | +$10.5M |
| Q1 2026 | -$13M | -$4.5M |
| Q4 2025 | -$8.4M | +$8.6M |
| Q3 2025 | -$15.1M | -$12.5M |
| Q2 2025 | -$2.5M | +$2M |
| Q1 2025 | -$8.6M | +$3.7M |
| Q4 2024 | -$17M | -$10.4M |
FTCI has burned cash in most quarters: −$8M over the past year, against −$43M the year before.
FTCI Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +46% | +7.4M shares |
| 1 year | +58% | +8.6M shares |
| 3 years | +96% | +11.5M shares |
| 5 years | +148% | +14M shares |
FTCI has 23M diluted shares, up 58% from a year ago.
| Quarter | Spent |
|---|---|
| Q4 2022 | — |
| Q3 2022 | — |
| Q4 2021 | — |
| Q3 2021 | — |
| Q4 2020 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
FTCI Net Leverage
FTCI's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
FTCI Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 30.6 | Neutral |
| Stochastic | 7.8 | Oversold |
FTCI's weekly RSI is 31 (neutral) and its Stochastic is 8 (oversold).
FTCI PE vs Energy Sector
FTCI has no meaningful PE right now: it lost money over the past year.
FTCI Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $1.75 | 31% below |
| 20 week MA | $2.54 | 52% below |
| 50 week MA | $5.25 | 77% below |
| 100 week MA | $5.21 | 77% below |
| 200 week MA | $9.11 | 87% below |
FTCI is in a downtrend: it's below all five of its weekly moving averages, and 87% below its 200-week average.
FTCI Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $136.1 | $75.2 | -45% |
| 2022 | $75.2 | $23.7 | -68% |
| 2023 | $23.7 | $6.93 | -71% |
| 2024 | $6.93 | $5.30 | -24% |
| 2025 | $5.30 | $11.9 | +125% |
| 2026 YTD | $11.9 | $1.21 | -90% |
FTCI's yearly returns have swung widely, from +125% in 2025 to −71% in 2023. It's down 90% so far in 2026.