FTC Solar Q3 revenue $26M, up 156.8% YoY; non-GAAP gross margin turns positive at 7.7%; secures $75M facility

FTC Solar, Inc.

2025-Q3 EPS reported -$3.17 revenue$66,826,000

Revenue of $26.0M (+156.8% YoY, +30.2% QoQ) above target guidance.
Non-GAAP gross margin 7.7% (GAAP 6.1%), first positive since late 2023.
GAAP net loss $23.9M ($1.61/sh); Non-GAAP net loss $5.3M ($0.36/sh).
Closed $37.5M of $75M strategic financing facility; announced 1GW tracker supply deal with Levona Renewables.
Best Adjusted EBITDA in 5 years; operating loss lowest since 2020.

item 2.02 item 9.01

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