FTC Solar, Inc. (FTCI)
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No price history available.
Key financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Total revenue | $m | 187 | 271 | 123 | 127 | 47 | 100 | 102 | 135 |
| Operating profit | $m | -33 | -37 | ||||||
| Net profit | $m | -16 | -107 | -100 | -50 | -49 | -77 | -52 | -10 |
| EPS reported | $ | -5.49 | -6.25 | ||||||
| Operating cashflow per share | $ | -2.39 | -1.69 | ||||||
| Capex per share | $ | 0.08 | 0.09 | ||||||
| FCF per share | $ | -2.47 | -1.78 | ||||||
| Free cash flow | $m | -35 | -29 | ||||||
| Net debt | $m | 12 | 13 | ||||||
| Book value equity | $m | -40 | -30 | ||||||
| Book value per share | $ | -2.88 | -1.89 | ||||||
| Number of shares | m | 14.01 | 16.05 | ||||||
| DPS (TTM paid) | $ | 0.00 | 0.00 |
Financial summary
Financials in USD| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM | 2026E | ||
|---|---|---|---|---|---|---|---|---|---|
| Value | |||||||||
| P/E TTM | x | - | - | ||||||
| P/B LTM | x | -3.79 | -5.04 | ||||||
| P/S LTM | x | 1.53 | 1.49 | ||||||
| P/FCF LTM | x | -4.42 | -5.35 | ||||||
| EV/EBITDA LTM | x | -2.45 | -9.18 | ||||||
| EV/Sales LTM | x | 1.66 | 0.50 | ||||||
| Earnings Yield LTM | % | -50.32% | -1.39% | ||||||
| FCF Yield | % | -22.62% | -18.71% | ||||||
| Quality | |||||||||
| ROE | % | +190.86% | +230.63% | ||||||
| ROIC | % | -47.98% | -1.24% | ||||||
| Operating margin | % | -33.52% | -36.30% | ||||||
| Gross margin | % | +1.13% | +4.92% | ||||||
| FCF/Sales | % | -34.68% | -27.95% | ||||||
| Growth and momentum | |||||||||
| EPS Growth YoY | % | - | - | ||||||
| Sales Growth YoY | % | +110.51% | +116.06% | ||||||
| Net Income Growth YoY | % | - | - | ||||||
| FCF Growth | % | - | - | ||||||
| Operating Profit Growth | % | - | - | ||||||
| Dividend and capital structure | |||||||||
| Dividend Yield | % | 0.00% | 0.00% | ||||||
| Dividend Growth | % | - | - | ||||||
| Payout Ratio | % | 0.00% | 0.00% | ||||||
| FCF/Debt | x | -1.02 | -1.18 | ||||||
| Net Debt/EBITDA | x | -0.19 | -0.79 | ||||||
| EBIT/Net interest | x | -4.42 | -2.59 | ||||||
| Net debt/market cap | % | +21.80% | +60.45% | ||||||
| Net debt/Equity | x | -0.30 | -0.43 | ||||||
| Gross debt/equity | x | -0.84 | -0.80 | ||||||
Price target estimates
Based on consensus from external analysts. Not Kvantra's opinion.
Ratings
Based on consensus from external analysts. Not Kvantra's opinion.
ESG
| Metric | 2024 | 2025 | 2026 |
|---|---|---|---|
| ESG-score | |||
| Environmental score | |||
| Social score | |||
| Governance score | |||
| Risk rating |
Company overview
FTC Solar, Inc. operates internationally, with a significant presence in the United States and Vietnam, specializing in advanced solar energy solutions. The company provides cutting-edge solar tracker systems, supporting technology, specialized software, and expert engineering services. Among its core offerings is the Voyager single-axis tracker, designed to orient two solar panels in a portrait configuration. Beyond hardware, FTC Solar develops crucial software platforms, including SunPath for optimizing energy production; Atlas, an enterprise-level, web-based database for managing extensive project portfolios; and SunDAT, a sophisticated tool for automated design and optimization of solar panel systems tailored for residential, commercial, and large-scale utility installations. FTC Solar's client base is diverse, comprising solar project developers, owners of solar assets, and engineering, procurement, and construction (EPC) contractors who are responsible for conceptualizing and executing solar energy ventures. The company was founded in 2017 and is based in Austin, Texas.
Similar companies
For informational purposes only. Kvantra provides data and quantitative analysis, not investment advice. KvantraRank is a mechanical model output. Analyst price targets and ratings are sourced from third parties and are not Kvantra recommendations. Past performance does not guarantee future results; all investments carry risk.
No price history available.
Consensus from external analysts. Not Kvantra's opinion.
Based on consensus from external analysts. Not Kvantra's opinion.
FTC Solar, Inc. operates internationally, with a significant presence in the United States and Vietnam, specializing in advanced solar energy solutions. The company provides cutting-edge solar tracker systems, supporting technology, specialized software, and expert engineering services. Among its core offerings is the Voyager single-axis tracker, designed to orient two solar panels in a portrait configuration. Beyond hardware, FTC Solar develops crucial software platforms, including SunPath for optimizing energy production; Atlas, an enterprise-level, web-based database for managing extensive project portfolios; and SunDAT, a sophisticated tool for automated design and optimization of solar panel systems tailored for residential, commercial, and large-scale utility installations. FTC Solar's client base is diverse, comprising solar project developers, owners of solar assets, and engineering, procurement, and construction (EPC) contractors who are responsible for conceptualizing and executing solar energy ventures. The company was founded in 2017 and is based in Austin, Texas.
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