FTC Solar, Inc.

For the period ended Mar 31, 2026. Filed May 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 5, 2026

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

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Contents

Condensed Consolidated Statements of Comprehensive Results of Operations

	Three months ended March 31,
(in thousands, except shares and per share data)	2026	2025
Revenue:
Product	$11,762	$18,202
Service	5,503	2,601
Total revenue	17,265	20,803
Cost of revenue:
Product	13,808	20,111
Service	4,684	4,139
Total cost of revenue	18,492	24,250
Gross loss	(1,227)	(3,447)
Operating expenses
Research and development	1,118	924
Selling and marketing	1,715	1,136
General and administrative	7,998	5,053
Total operating expenses	10,831	7,113
Loss from operations	(12,058)	(10,560)
Interest expense	(3,896)	(711)
Interest income	5	6
Gain from disposal of investment in unconsolidated subsidiary	—	3,204
Gain from change in fair value of warrant liability	48,742	4,604
Other income, net	1	4
Loss from unconsolidated subsidiary	—	(112)
Income (loss) before income taxes	32,794	(3,565)
Provision for income taxes	(195)	(254)
Net income (loss)	32,599	(3,819)
Other comprehensive income:
Foreign currency translation adjustments	99	28
Comprehensive income (loss)	$32,698	$(3,791)
Net income (loss) per share:
Basic	$2.09	$(0.30)
Diluted	$(0.72)	$(0.58)
Weighted-average common shares outstanding:
Basic	15,568,299	12,888,695
Diluted	22,396,369	14,588,972

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.