---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-061430"
form_type: "8-K"
ticker: "FTCI"
cik: "0001828161"
company_name: "FTC Solar, Inc."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T00:59:08.456246+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# FTC Solar Q1 revenue $20.8M (+58% q/q); net loss $3.8M; board adds two directors

## Summary
- Revenue $20.8M, up 58% q/q and above target; gross margin negative 16.6%.
- GAAP net loss $3.8M ($0.58 diluted loss per share); adjusted net loss $10.8M.
- Total operating expenses fell to $7.1M, a multi-year low, from $10.4M a year ago.
- Bid activity up 60% y/y; signed over 6.5 GW agreements with Tier 1 customers; backlog added multiples of annual revenue run rate.
- Board of Directors appointed Darrell Jackson and Maximillian Sultan as independent directors effective April 28, 2025.

## SEC filing metadata
- accession: 0000950170-25-061430
- form_type: 8-K
- ticker: FTCI
- cik: 0001828161
- company_name: FTC Solar, Inc.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1828161/000095017025061430/0000950170-25-061430-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1828161/000095017025061430/ftci-20250428.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-061430
- JSON: https://secwatch.observer/filing/0000950170-25-061430.json
- Plain text: https://secwatch.observer/filing/0000950170-25-061430.txt

## Source-grounded claims
- claim_id: 6a566c9bce
  claim: Darrell Jackson was appointed as independent director at FTC Solar, Inc..
  evidence_excerpt: On April 28, 2025, the Board of Directors (the "Board") of the Company appointed Darrell Jackson and Maximillian Sultan as independent directors of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017025061430/0000950170-25-061430-index.htm
- claim_id: 7cb655d859
  claim: Maximillian Sultan was appointed as independent director at FTC Solar, Inc..
  evidence_excerpt: On April 28, 2025, the Board of Directors (the "Board") of the Company appointed Darrell Jackson and Maximillian Sultan as independent directors of the Company, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1828161/000095017025061430/0000950170-25-061430-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.