FTC Solar, Inc.

For the period ended Dec 31, 2025. Filed Mar 24, 2026.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Mar 24, 2026

FTCI$1.55-2.5%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Comprehensive Loss

	Year ended December 31,
(in thousands, except shares and per share data)	2025	2024
Revenue:
Product	$80,311	$37,520
Service	19,376	9,835
Total revenue	99,687	47,355
Cost of revenue:
Product	76,400	48,185
Service	24,167	11,764
Total cost of revenue	100,567	59,949
Gross loss	(880)	(12,594)
Operating expenses
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)	(665)
Interest income	23	346
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
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)
Other comprehensive income (loss):
Foreign currency translation adjustments	252	(249)
Comprehensive loss	$(79,325)	$(48,855)
Net loss per share:
Basic and diluted	$(5.68)	$(3.83)
Weighted-average common shares outstanding:
Basic and diluted	14,012,298	12,675,923

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.