FTC Solar Q4 2025 revenue $32.9M, up 149% YoY; gross margin improves to 21%

FTC Solar, Inc.

Revenue $32.9M, up 26% QoQ and 149% YoY, at high-end of guidance.
GAAP gross margin 21.0% vs (29.1%) a year ago; non-GAAP gross margin 23.4%.
GAAP net loss $33.7M ($2.23/share); non-GAAP adjusted net loss $2.5M ($0.17 loss).
Awarded 1GW supply agreement in U.S. and 840MW in South Africa for 1P/2P trackers.
Adjusted EBITDA best in six years; positive net bookings and added to multiple Tier 1 vendor lists.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FTC Solar, Inc. reported the fourth quarter ended December 31, 2025 results: revenue $32.9 million, net income $33,734, EPS $(2.23).

Period: the fourth quarter ended December 31, 2025
Revenue: $32.9 million
Net income: $33,734
EPS: $(2.23)
Result: reported results

Exact text from the filing

(EX-99.1) --- EX-99.1 Exhibit 99.1 FTC Solar Announces Fourth Quarter 2025 Financial Results Fourth Quarter Highlights and Recent Developments • Fourth quarter revenue of $32.9 million, up 26% q/q, 148.9% y/y, in line with target guidance • Gross margin improvement of approximately 1,500 basis points q/q and 4,900 points y/y • Awarded 1GW supply agreement with

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Source: SEC EDGAR

accession 0001193125-26-092594

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