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.

item 2.02 item 9.01

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