earnings
confidence high
sentiment positive
materiality 0.75
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.