The table below shows FTC Solar, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$99.69M
$47.35M
$127.00M
$123.07M
$270.52M
$187.35M
Cost of revenue
$100.57M
$59.95M
$118.69M
$150.29M
$303.07M
$183.71M
Gross profit
-$880.00K
-$12.59M
$8.31M
-$27.23M
-$32.55M
$3.64M
R&D
$4.39M
$5.92M
$7.17M
$9.95M
$11.54M
$5.22M
FTCI annual revenue (10-K history)
FTC Solar, Inc. reported annual revenue of $99.69M for fiscal year 2025. That is up 110.5% from $47.35M in fiscal 2024. Over the 7 fiscal years shown, annual revenue grew from $53.12M (FY 2019) to $99.69M. Figures come from the company's audited annual reports as filed with the SEC.