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FTC Solar
FTC Solar (FTCI) investor relations material
FTC Solar Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary5 Mar, 2026
Executive summary
Achieved Q4 2025 revenue of $32.9 million, up 26% sequentially and 149% year-over-year, at the high end of guidance and among the highest in company history.
Full-year 2025 revenue grew 111% year-over-year to $99.7 million, with improved margins and expanded backlog through new MSAs and purchase orders.
Adjusted EBITDA loss for Q4 improved to $0.3 million, the best result since going public and in six years.
Added to approved vendor lists of top EPCs and signed multi-year supply agreements totaling over 1.8 GW.
Significant product innovation, commercial momentum, and strategic financing completed.
Financial highlights
Q4 2025 revenue: $32.9 million, up from $13.2 million in Q4 2024.
Q4 GAAP gross profit: $6.9 million (21% margin); Non-GAAP gross profit: $7.7 million (23.4% margin), both record highs.
Q4 GAAP net loss: $33.7 million ($2.23/share); Adjusted net loss: $2.5 million ($0.17/share).
Q4 adjusted EBITDA loss: $0.3 million, improved from $9.8 million loss in Q4 2024.
Full-year 2025 adjusted EBITDA loss: $24.3 million, improved from $43.1 million in 2024.
Outlook and guidance
Q1 2026 revenue guidance: $20–$25 million, midpoint $22.5 million, up 8% year-over-year.
Q1 2026 non-GAAP gross margin guidance: (2.5%)–9.2%, midpoint 3.3%.
Q1 adjusted EBITDA loss expected between $9.6 million and $5.9 million.
Full-year 2026 revenue expected to outpace industry growth, with results weighted to the second half due to order timing and MSA ramp-up.
Anticipates continued acceleration in bookings and revenue growth in 2026.
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Next FTC Solar earnings date
Q1 202630 Apr, 2026
FTC Solar
Next FTC Solar earnings date
Q1 202630 Apr, 2026
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Frequently asked questions
FTC Solar, Inc. is a solar technology company that provides advanced solar tracking systems and engineering services for utility-scale solar energy projects. The company's primary product is a single-axis solar tracker, designed to optimize the efficiency of solar panels by following the sun’s movement throughout the day. FTC Solar serves a global customer base, helping solar developers and energy providers increase power generation and reduce costs through innovative solar tracking solutions and software. The company is headquartered in Austin, United States, and its shares are listed on the NASDAQ.
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