FTC Solar, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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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.
Sep 30, 2026 · Filed Nov 4, 2026
FTCI$1.55-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Comprehensive Results of Operations
| Three months ended September 30, | Nine months ended September 30, | |||
|---|---|---|---|---|
| (in thousands, except shares and per share data) | 2026 | 2025 | 2026 | 2025 |
| Revenue: | ||||
| Product | $32,185 | $20,061 | $66,352 | $54,130 |
| Service | 628 | 5,969 | 9,883 | 12,696 |
| Total revenue | 32,813 | 26,030 | 76,235 | 66,826 |
| Cost of revenue: | ||||
| Product | 31,397 | 18,550 | 69,810 | 57,537 |
| Service | (485) | 5,886 | 7,985 | 15,061 |
| Total cost of revenue | 30,912 | 24,436 | 77,795 | 72,598 |
| Gross profit (loss) | 1,901 | 1,594 | (1,560) | (5,772) |
| Operating expenses | ||||
| Research and development | 930 | 1,228 | 3,257 | 3,281 |
| Selling and marketing | 2,248 | 1,672 | 6,028 | 4,099 |
| General and administrative | 7,263 | 6,399 | 23,480 | 16,612 |
| Total operating expenses | 10,441 | 9,299 | 32,765 | 23,992 |
| Loss from operations | (8,540) | (7,705) | (34,325) | (29,764) |
| Interest expense | (4,292) | (1,988) | (12,521) | (3,430) |
| Interest income | 99 | 6 | 109 | 17 |
| Gain from disposal of investment in unconsolidated subsidiary | — | — | — | 3,204 |
| Gain on sale of Atlas | — | 90 | 26 | 140 |
| Gain (loss) from change in fair value of warrant liability | 19,480 | (16,066) | 59,335 | (14,298) |
| Loss on extinguishment of debt | — | (173) | — | (173) |
| Other income, net | 165 | 35 | 175 | 110 |
| Income from unconsolidated subsidiary | — | 1,907 | — | 1,344 |
| Income (loss) before income taxes | 6,912 | (23,894) | 12,799 | (42,850) |
| Provision for income taxes | (210) | (44) | (622) | (337) |
| Net income (loss) | 6,702 | (23,938) | 12,177 | (43,187) |
| Other comprehensive income: | ||||
| Foreign currency translation adjustments | 110 | 37 | 328 | 146 |
| Comprehensive income (loss) | $6,812 | $(23,901) | $12,505 | $(43,041) |
| Net income (loss) per share: | ||||
| Basic | $0.39 | $(1.61) | $0.75 | $(3.17) |
| Diluted | $(0.54) | $(1.61) | $(2.06) | $(3.17) |
| Weighted-average common shares outstanding: | ||||
| Basic | 17,084,491 | 14,899,638 | 16,239,464 | 13,626,800 |
| Diluted | 23,473,081 | 14,899,638 | 22,919,497 | 13,626,800 |
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