8-K filed May 5, 2026, 7:59 PM ET ticker FTCI CIK 0001828161

leadership confidence high sentiment negative materiality 0.70

FTC Solar appoints Anthony Carroll CEO; Q1 revenue falls 47% to $17.3M

FTC Solar, Inc.

Anthony Carroll appointed President/CEO effective April 29, replacing Yann Brandt; Carroll previously CEO of Veev (Lennar) and President of Powin.
Q1 revenue $17.3M, down 47% QoQ and 17% YoY; GAAP net income $32.6M included warrant gain; non-GAAP net loss $10.5M ($0.67 loss per share).
Non-GAAP gross loss improved to $0.4M (2.2% margin) from $3.0M in Q1 2025; GAAP gross loss $1.2M (7.1% margin).
New CEO receives $700k base salary, $900k sign-on bonus (three annual installments), 400k time-based RSUs, and 200k performance RSUs with $10/$20 price hurdles.
Awarded 1GW 1P tracker agreement with a new leading global offtaker customer.

item 2.02 item 5.02 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Yann Brandt

President and Chief Executive Officer

FTCI · FTC Solar, Inc.

Effective: 2026-04-29
Successor: Anthony Carroll
Filed: May 5, 2026, 7:59 PM ET

As a result, Yann Brandt departed as the Company’s President and Chief Executive Officer and as a Company director, effective as of April 29, 2026.

Appointed

Anthony Carroll

President and Chief Executive Officer

FTCI · FTC Solar, Inc.

Effective: 2026-04-29
Filed: May 5, 2026, 7:59 PM ET

On April 29, 2026, the Board of Directors of the Company (the “Board”) appointed Anthony Carroll as the Company’s President and Chief Executive Officer, effective as of April 29, 2026.

Departed

Yann Brandt

Director

FTCI · FTC Solar, Inc.

Effective: 2026-04-29
Successor: Anthony Carroll
Filed: May 5, 2026, 7:59 PM ET

Yann Brandt departed as the Company’s President and Chief Executive Officer and as a Company director, effective as of April 29, 2026.

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 first quarter ended March 31, 2026 results: revenue $17.3 million, net income $32,599, EPS $(0.72).

Period: the first quarter ended March 31, 2026
Revenue: $17.3 million
Net income: $32,599
EPS: $(0.72)
Result: reported results

Exact text from the filing

First Quarter Highlights and Recent Developments • Awarded 1GW agreement for 1P trackers from new customer with a leading global company offtaker • First quarter revenue of $17.3 million • Profitability metrics (ex-warrant gain) within target ranges • Leadership transition announced with Board Member Anthony Carroll appointed CEO AUSTIN, Texas — May 5, 2026– FTC

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yann Brandt departed as President and Chief Executive Officer at FTC Solar, Inc..

Action: departed
Role: President and Chief Executive Officer

Exact text from the filing

As a result, Yann Brandt departed as the Company’s President and Chief Executive Officer and as a Company director, effective as of April 29, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony Carroll was appointed as President and Chief Executive Officer at FTC Solar, Inc..

Action: appointed
Role: President and Chief Executive Officer

Exact text from the filing

On April 29, 2026, the Board of Directors of the Company (the “Board”) appointed Anthony Carroll as the Company’s President and Chief Executive Officer, effective as of April 29, 2026.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Yann Brandt departed as Director at FTC Solar, Inc..

Action: departed
Role: Director

Exact text from the filing

Yann Brandt departed as the Company’s President and Chief Executive Officer and as a Company director, effective as of April 29, 2026.

View on SEC.gov

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FTC Solar, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-26-204973

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