Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Revenue | $53.1M | $187M | $271M | $123M | $127M | $47.4M | $99.7M |
| Revenue growth | — | 252.7% | 44.4% | -54.5% | 3.2% | -62.7% | 110.5% |
| Gross profit | -$1.95M | $3.64M | -$32.5M | -$27.2M | $8.31M | -$12.6M | -$880K |
| Gross margin | -3.7% | 1.9% | -12.0% | -22.1% | 6.5% | -26.6% | -0.9% |
| Operating income | -$12.4M | -$16.9M | -$127M | -$99.6M | -$50.8M | -$52.8M | -$35.4M |
| Operating margin | -23.3% | -9.0% | -46.9% | -80.9% | -40.0% | -111.6% | -35.5% |
| Net income | -$13.5M | -$15.9M | -$107M | -$99.6M | -$50.3M | -$48.6M | -$79.6M |
| Net margin | -25.4% | -8.5% | -39.4% | -80.9% | -39.6% | -102.6% | -79.8% |
| EPS (diluted) | -$0.22 | -$0.23 | -$1.24 | -$0.98 | -$4.35 | -$3.83 | -$5.68 |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Operating cash flow | -$254K | $629K | -$133M | -$54.5M | -$52.7M | -$34.7M | -$33.4M |
| Capital expenditures | $18.0K | $256K | $1.02M | $985K | $816K | $1.65M | $1.13M |
| Free cash flow | -$272K | $373K | -$134M | -$55.5M | -$53.5M | -$36.3M | -$34.6M |
| Share buybacks | $0.00 | $0.00 | $54.2M | $0.00 | $0.00 | — | — |
| Fiscal year | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|
| Cash & equivalents | $7.22M | $32.4M | $102M | $44.4M | $25.2M | $11.2M | $21.1M |
| Total assets | — | $71.4M | $243M | $134M | $123M | $89.9M | $112M |
| Total liabilities | — | $63.9M | $100M | $67.9M | $60.6M | $70.9M | $155M |
| Long-term debt | — | $784K | $0.00 | — | $0.00 | $9.47M | $9.92M |
| Shareholders' equity | -$8.45M | $7.45M | $143M | $66.5M | $62.5M | $19.0M | -$43.0M |
| Retained earnings | — | -$42.6M | -$149M | -$249M | -$299M | -$348M | -$427M |
| Shares (wtd avg diluted) | 62.0M | 68.8M | 86.0M | 101M | 11.6M | 12.7M | 14.0M |
Every figure is extracted from FTC Solar, Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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