FTCI
Income statement / Annual
Last year (2024), FTC Solar, Inc.'s total revenue was $47.36 M,
a decrease of 62.71% from the previous year.
In 2024, FTC Solar, Inc.'s net income was -$48.61 M.
See FTC Solar, Inc.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$47.36 M |
$127.00 M |
$123.07 M |
$270.53 M |
$187.35 M |
$53.12 M |
| Cost of Revenue |
$59.95 M
|
$118.70 M
|
$150.29 M
|
$303.07 M
|
$183.71 M
|
$55.08 M
|
| Gross Profit |
-$12.59 M
|
$8.31 M
|
-$27.23 M
|
-$32.55 M
|
$3.64 M
|
-$1.95 M
|
| Gross Profit Ratio |
-0.27
|
0.07
|
-0.22
|
-0.12
|
0.02
|
-0.04
|
| Research and Development Expenses |
$5.92 M
|
$7.17 M
|
$9.95 M
|
$11.54 M
|
$5.22 M
|
$3.96 M
|
| General & Administrative Expenses |
$25.44 M
|
$37.11 M
|
$53.74 M
|
$75.90 M
|
$11.80 M
|
$4.56 M
|
| Selling & Marketing Expenses |
$8.88 M
|
$14.81 M
|
$8.66 M
|
$6.82 M
|
$3.55 M
|
$1.90 M
|
| Selling, General & Administrative Expenses |
$34.32 M
|
$51.92 M
|
$62.40 M
|
$82.72 M
|
$15.34 M
|
$6.46 M
|
| Other Expenses |
$0.00
|
$0.00
|
-$373,000.00
|
-$67,000.00
|
$0.00
|
$0.00
|
| Operating Expenses |
$40.24 M
|
$59.08 M
|
$72.34 M
|
$94.26 M
|
$20.57 M
|
$10.42 M
|
| Cost And Expenses |
$100.19 M
|
$177.78 M
|
$222.64 M
|
$397.33 M
|
$204.28 M
|
$65.50 M
|
| Interest Income |
$0.00
|
$0.00
|
$978,000.00
|
$814,000.00
|
$364,000.00
|
$454,000.00
|
| Interest Expense |
$319,000.00
|
$253,000.00
|
$978,000.00
|
$814,000.00
|
$480,000.00
|
$454,000.00
|
| Depreciation & Amortization |
$1.67 M
|
$1.38 M
|
$900,000.00
|
$232,000.00
|
$47,000.00
|
$412,000.00
|
| EBITDA |
-$46.04 M |
-$49.00 M |
-$97.30 M |
-$105.37 M |
-$16.88 M |
-$11.96 M |
| EBITDA Ratio |
-0.97
|
-0.39
|
-0.79
|
-0.39
|
-0.09
|
-0.23
|
| Operating Income Ratio |
-1.12
|
-0.4
|
-0.81
|
-0.47
|
-0.09
|
-0.23
|
| Total Other Income/Expenses Net |
$4.45 M
|
$149,000.00
|
$394,000.00
|
$20.38 M
|
-$480,000.00
|
-$1.16 M
|
| Income Before Tax |
-$48.38 M
|
-$50.63 M
|
-$99.18 M
|
-$106.42 M
|
-$17.41 M
|
-$13.53 M
|
| Income Before Tax Ratio |
-1.02
|
-0.4
|
-0.81
|
-0.39
|
-0.09
|
-0.25
|
| Income Tax Expense |
$230,000.00
|
-$338,000.00
|
$435,000.00
|
$169,000.00
|
-$83,000.00
|
-$39,000.00
|
| Net Income |
-$48.61 M
|
-$50.29 M
|
-$99.61 M
|
-$106.59 M
|
-$17.32 M
|
-$13.50 M
|
| Net Income Ratio |
-1.03
|
-0.4
|
-0.81
|
-0.39
|
-0.09
|
-0.25
|
| EPS |
-3.83 |
-0.44 |
-0.98 |
-1.24 |
-0.2 |
-0.16 |
| EPS Diluted |
-3.83 |
-0.44 |
-0.98 |
-1.24 |
-0.2 |
-0.16 |
| Weighted Average Shares Out |
$126.76 M
|
$115.55 M
|
$101.41 M
|
$86.04 M
|
$85.06 M
|
$82.16 M
|
| Weighted Average Shares Out Diluted |
$126.76 M
|
$115.55 M
|
$101.41 M
|
$86.04 M
|
$85.06 M
|
$82.16 M
|
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