What is Ftc Solar, Inc.'s earnings per share (EPS)?

Ftc Solar, Inc. (FTCI) reported diluted earnings per share of $-5.68 for fiscal year 2025. This represents a -48.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Ftc Solar, Inc. Financials

FTCI

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Ftc Solar, Inc. (FTCI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FTCI FY2025 2026-04-28

Sales rebounded, but the business still consumed cash because working capital and financing now carry the recovery.

From FY2024 to FY2025, gross margin nearly reached break-even from -26.6% while operating cash flow stayed near -$33.4M, so better project economics did not turn into self-funding operations. The likely bridge is working capital absorption: receivables expanded with the revenue rebound, and financing inflows of $40.4M exceeded year-end cash of $21.1M.

Free cash flow of -$34.6M sat very close to operating cash flow of -$33.4M. With capex only $1.1M, cash burn is coming from the core operation, not from a capital-intensive buildout.

The balance sheet moved from positive equity in FY2024 to negative equity of -$43.0M in FY2025 as liabilities rose above assets. Current assets still covered current liabilities by 1.4x, so short-term liquidity remained workable even while solvency weakened.

Financial Health Signals

Financial Profile 22/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Ftc Solar, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Ftc Solar, Inc. has an operating margin of -35.5%, meaning the company retains $-36 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is up from -111.6% the prior year.

Growth

Ftc Solar, Inc.'s revenue surged 110.5% year-over-year to $99.7M, reflecting rapid business expansion. This strong growth earns a score of 14/100.

Leverage

Ftc Solar, Inc. carries a low D/E ratio of -0.23, meaning only $-0.23 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 92/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Ftc Solar, Inc.'s current ratio of 1.43 is below the typical benchmark, resulting in a score of 24/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

While Ftc Solar, Inc. generated -$33.4M in operating cash flow, capex of $1.1M consumed most of it, leaving -$34.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.

Piotroski F-Score Neutral

4/9

Ftc Solar, Inc. passes 4 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Low Quality

0.42x

For every $1 of reported earnings, Ftc Solar, Inc. generates $0.42 in operating cash flow (-$33.4M OCF vs -$79.6M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.

Interest Coverage At Risk

-4.3x

Ftc Solar, Inc. earns $-4.3 in operating income for every $1 of interest expense (-$35.4M vs $8.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$99.7M

YoY+110.5%

5Y CAGR-11.9%

Ftc Solar, Inc. generated $99.7M in revenue in fiscal year 2025. This represents an increase of 110.5% from the prior year.

EBITDA

-$34.1M

YoY+33.3%

Ftc Solar, Inc.'s EBITDA was -$34.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 33.3% from the prior year.

Net Income

-$79.6M

YoY-63.7%

Ftc Solar, Inc. reported -$79.6M in net income in fiscal year 2025. This represents a decrease of 63.7% from the prior year.

EPS (Diluted)

$-5.68

YoY-48.3%

Ftc Solar, Inc. earned $-5.68 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 48.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

-$34.6M

YoY+4.9%

Ftc Solar, Inc. generated -$34.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 4.9% from the prior year.

Cash & Debt

$21.1M

YoY+87.7%

5Y CAGR-8.2%

Ftc Solar, Inc. held $21.1M in cash against $9.9M in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

16M

YoY+20.9%

Ftc Solar, Inc. had 16M shares outstanding in fiscal year 2025. This represents an increase of 20.9% from the prior year.

Margins & Returns

Gross Margin

-0.9%

YoY+25.7pp

5Y CAGR-2.8pp

Ftc Solar, Inc.'s gross margin was -0.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 25.7 percentage points from the prior year.

Operating Margin

-35.5%

YoY+76.0pp

5Y CAGR-26.5pp

Ftc Solar, Inc.'s operating margin was -35.5% in fiscal year 2025, reflecting core business profitability. This is up 76.0 percentage points from the prior year.

Net Margin

-79.8%

YoY+22.8pp

5Y CAGR-71.3pp

Ftc Solar, Inc.'s net profit margin was -79.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 22.8 percentage points from the prior year.

Return on Equity

N/A

Capital Allocation

R&D Spending

$4.4M

YoY-25.8%

5Y CAGR-3.4%

Ftc Solar, Inc. invested $4.4M in research and development in fiscal year 2025. This represents a decrease of 25.8% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$1.1M

YoY-31.4%

5Y CAGR+34.6%

Ftc Solar, Inc. invested $1.1M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 31.4% from the prior year.

FTCI Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$99.7M+110.5%	$47.4M-62.7%	$127.0M+3.2%	$123.1M-54.5%	$270.5M+44.4%	$187.4M
Cost of Revenue	$100.6M+67.8%	$59.9M-49.5%	$118.7M-21.0%	$150.3M-50.4%	$303.1M+65.0%	$183.7M
Gross Profit	-$880K+93.0%	-$12.6M-251.6%	$8.3M+130.5%	-$27.2M+16.3%	-$32.5M-994.3%	$3.6M
R&D Expenses	$4.4M-25.8%	$5.9M-17.5%	$7.2M-28.0%	$9.9M-13.8%	$11.5M+121.0%	$5.2M
SG&A Expenses	$24.0M-5.8%	$25.4M-31.4%	$37.1M-30.9%	$53.7M-29.2%	$75.9M+543.3%	$11.8M
Operating Income	-$35.4M+32.9%	-$52.8M-4.0%	-$50.8M+49.0%	-$99.6M+21.5%	-$126.8M-649.2%	-$16.9M
Interest Expense	$8.2M+1133.8%	$665K+151.8%	-$1.3M-31.4%	-$978K-20.1%	-$814K-123.6%	-$364K
Income Tax	$525K+128.3%	$230K+168.0%	-$338K-177.7%	$435K+157.4%	$169K+303.6%	-$83K
Net Income	-$79.6M-63.7%	-$48.6M+3.3%	-$50.3M+49.5%	-$99.6M+6.5%	-$106.6M-569.4%	-$15.9M
EPS (Diluted)	$-5.68-48.3%	$-3.83+12.0%	$-4.35	$-0.98+21.0%	$-1.24-439.1%	$-0.23

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$32.9M+26.2%	$26.0M+30.2%	$20.0M-3.9%	$20.8M+57.6%	$13.2M+30.2%	$10.1M-11.3%	$11.4M-9.2%	$12.6M
Cost of Revenue	$28.0M+14.5%	$24.4M+2.2%	$23.9M-1.4%	$24.3M+42.3%	$17.0M+18.0%	$14.4M+4.9%	$13.8M-6.3%	$14.7M
Gross Profit	$4.9M+206.9%	$1.6M+140.7%	-$3.9M-13.7%	-$3.4M+10.2%	-$3.8M+10.9%	-$4.3M-83.8%	-$2.3M-11.1%	-$2.1M
R&D Expenses	$1.1M-9.9%	$1.2M+8.8%	$1.1M+22.2%	$924K-37.3%	$1.5M+0.5%	$1.5M-4.4%	$1.5M+6.7%	$1.4M
SG&A Expenses	$7.3M+14.8%	$6.4M+24.0%	$5.2M+2.1%	$5.1M-16.7%	$6.1M-10.8%	$6.8M+13.1%	$6.0M-8.5%	$6.6M
Operating Income	-$5.7M+26.6%	-$7.7M+33.0%	-$11.5M-8.9%	-$10.6M+21.4%	-$13.4M+10.3%	-$15.0M-25.6%	-$11.9M+4.6%	-$12.5M
Interest Expense	$4.8M+140.2%	$2.0M+172.0%	$731K+2.8%	$711K+227.6%	$217K+1450.0%	$14K-88.0%	$117K-63.1%	$317K
Income Tax	$188K+327.3%	$44K+12.8%	$39K-84.6%	$254K+473.5%	-$68K-127.9%	$244K+275.4%	$65K+690.9%	-$11K
Net Income	-$36.4M-52.0%	-$23.9M-55.1%	-$15.4M-304.0%	-$3.8M+68.8%	-$12.2M+20.3%	-$15.4M-25.5%	-$12.2M-39.6%	-$8.8M
EPS (Diluted)	N/A	$-1.61-36.4%	$-1.18-103.4%	$-0.58	N/A	$-1.21-24.7%	$-0.97-38.6%	$-0.70

FTCI Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$111.8M+24.3%	$89.9M-26.9%	$123.1M-8.4%	$134.4M-44.7%	$243.0M+240.4%	$71.4M
Current Assets	$97.8M+28.4%	$76.1M-29.8%	$108.5M-8.6%	$118.7M-49.7%	$235.8M+258.8%	$65.7M
Cash & Equivalents	$21.1M+87.7%	$11.2M-55.4%	$25.2M-43.1%	$44.4M-56.6%	$102.2M+215.8%	$32.4M
Inventory	$9.6M-5.1%	$10.1M+159.8%	$3.9M-73.9%	$14.9M+68.7%	$8.9M+425.5%	$1.7M
Accounts Receivable	$55.7M+40.4%	$39.7M-39.2%	$65.3M+33.1%	$49.1M-54.4%	$107.5M+353.1%	$23.7M
Goodwill	$7.4M+4.3%	$7.1M-2.9%	$7.4M-2.5%	$7.5M	$0	N/A
Total Liabilities	$154.8M+118.3%	$70.9M+17.0%	$60.6M-10.8%	$67.9M-32.2%	$100.2M+56.6%	$63.9M
Current Liabilities	$68.2M+39.0%	$49.1M-10.2%	$54.7M-9.4%	$60.3M-35.3%	$93.2M+55.9%	$59.8M
Long-Term Debt	$9.9M+4.8%	$9.5M	$0	N/A	$0-100.0%	$784K
Total Equity	-$43.0M-325.7%	$19.0M-69.5%	$62.5M-6.0%	$66.5M-53.5%	$142.9M+1817.4%	$7.5M
Retained Earnings	-$427.3M-22.9%	-$347.7M-16.2%	-$299.1M-20.2%	-$248.8M-66.8%	-$149.2M-250.0%	-$42.6M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$111.8M+0.3%	$111.5M+34.4%	$83.0M-1.3%	$84.1M-6.5%	$89.9M-1.9%	$91.7M-8.6%	$100.3M-12.8%	$115.0M
Current Assets	$97.8M+1.2%	$96.6M+37.4%	$70.3M-1.1%	$71.1M-6.6%	$76.1M-0.1%	$76.2M-9.6%	$84.3M-15.9%	$100.2M
Cash & Equivalents	$21.1M-13.4%	$24.4M+592.5%	$3.5M-40.4%	$5.9M-47.5%	$11.2M+36.2%	$8.3M-23.4%	$10.8M-23.2%	$14.0M
Inventory	$9.6M+25.8%	$7.7M+4.6%	$7.3M+7.1%	$6.8M-32.7%	$10.1M-32.9%	$15.1M-11.4%	$17.1M+343.8%	$3.8M
Accounts Receivable	$55.7M+13.3%	$49.2M+7.8%	$45.6M+3.2%	$44.2M+11.4%	$39.7M+6.3%	$37.3M-10.0%	$41.5M-37.5%	$66.4M
Goodwill	$7.4M+1.8%	$7.3M+0.6%	$7.3M+1.3%	$7.2M+0.5%	$7.1M-3.8%	$7.4M+3.5%	$7.2M-0.6%	$7.2M
Total Liabilities	$154.8M+23.6%	$125.3M+69.5%	$73.9M+7.9%	$68.5M-3.3%	$70.9M+15.7%	$61.3M+9.2%	$56.1M-6.3%	$59.9M
Current Liabilities	$68.2M+17.4%	$58.1M-4.1%	$60.6M+19.1%	$50.9M+3.7%	$49.1M-14.4%	$57.3M+11.7%	$51.3M-5.9%	$54.5M
Long-Term Debt	$9.9M-40.4%	$16.6M+52.8%	$10.9M+7.1%	$10.2M+7.4%	$9.5M	N/A	N/A	N/A
Total Equity	-$43.0M-212.8%	-$13.7M-251.9%	$9.0M-41.8%	$15.5M-18.4%	$19.0M-37.4%	$30.4M-31.3%	$44.2M-19.8%	$55.2M
Retained Earnings	-$427.3M-9.3%	-$390.9M-6.5%	-$367.0M-4.4%	-$351.6M-1.1%	-$347.7M-3.6%	-$335.5M-4.8%	-$320.1M-4.0%	-$307.9M

FTCI Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	-$33.4M+3.6%	-$34.7M+34.1%	-$52.7M+3.4%	-$54.5M+59.0%	-$132.9M-21221.5%	$629K
Capital Expenditures	$1.1M-31.4%	$1.6M+101.6%	$816K-17.2%	$985K-3.9%	$1.0M+300.4%	$256K
Free Cash Flow	-$34.6M+4.9%	-$36.3M+32.0%	-$53.5M+3.6%	-$55.5M+58.5%	-$133.9M-35992.5%	$373K
Investing Cash Flow	$2.8M-55.3%	$6.3M+1677.3%	-$397K+90.7%	-$4.2M-119.9%	$21.3M+1040.6%	$1.9M
Financing Cash Flow	$40.4M+178.7%	$14.5M-57.3%	$34.0M+3659.7%	$903K-99.5%	$180.4M+696.5%	$22.6M
Dividends Paid	$0	$0	$0	$0	$0	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$54.2M	$0

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	-$8.0M+45.1%	-$14.6M-537.2%	-$2.3M+72.9%	-$8.5M+49.2%	-$16.7M-603.4%	-$2.4M+37.2%	-$3.8M+68.1%	-$11.9M
Capital Expenditures	$336K-24.0%	$442K+138.9%	$185K+122.9%	$83K-71.4%	$290K+29.5%	$224K-68.0%	$699K+61.8%	$432K
Free Cash Flow	-$8.4M+44.5%	-$15.1M-507.5%	-$2.5M+71.0%	-$8.6M+49.6%	-$17.0M-553.9%	-$2.6M+42.0%	-$4.5M+63.6%	-$12.3M
Investing Cash Flow	$244K+156.5%	-$432K-220.0%	-$135K-104.3%	$3.1M-41.4%	$5.3M+2480.4%	-$224K+84.7%	-$1.5M-155.9%	$2.6M
Financing Cash Flow	$4.5M-87.5%	$35.9M	$0-100.0%	$3K-100.0%	$14.5M	$0-100.0%	$3K	$0
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

FTCI Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	-0.9%+25.7pp	-26.6%-33.1pp	6.5%+28.7pp	-22.1%-10.1pp	-12.0%-14.0pp	1.9%
Operating Margin	-35.5%+76.0pp	-111.6%-71.6pp	-40.0%+40.9pp	-80.9%-34.0pp	-46.9%-37.8pp	-9.0%
Net Margin	-79.8%+22.8pp	-102.6%-63.0pp	-39.6%+41.3pp	-80.9%-41.5pp	-39.4%-30.9pp	-8.5%
Return on Equity	N/A	-255.3%-174.8pp	-80.5%+69.4pp	-149.9%-75.3pp	-74.6%+139.1pp	-213.7%
Return on Assets	-71.2%-17.1pp	-54.0%-13.2pp	-40.9%+33.3pp	-74.1%-30.3pp	-43.9%-21.6pp	-22.3%
Current Ratio	1.43-0.1	1.55-0.4	1.99+0.0	1.97-0.6	2.53+1.4	1.10
Debt-to-Equity	-0.23-0.7	0.50+0.5	0.00-1.0	1.02+1.0	0.00-0.1	0.11
FCF Margin	-34.7%+42.1pp	-76.8%-34.6pp	-42.1%+3.0pp	-45.1%+4.4pp	-49.5%-49.7pp	0.2%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	14.9%+8.8pp	6.1%+25.7pp	-19.6%-3.0pp	-16.6%+12.5pp	-29.1%+13.4pp	-42.5%-22.0pp	-20.5%-3.7pp	-16.8%
Operating Margin	-17.2%+12.4pp	-29.6%+27.9pp	-57.5%-6.8pp	-50.8%+50.9pp	-101.7%+46.0pp	-147.8%-43.4pp	-104.3%-5.0pp	-99.3%
Net Margin	-110.7%-18.8pp	-92.0%-14.8pp	-77.2%-58.8pp	-18.4%+74.3pp	-92.7%+58.9pp	-151.5%-44.4pp	-107.1%-37.4pp	-69.7%
Return on Equity	N/A	N/A	-170.6%-146.1pp	-24.6%+39.7pp	-64.3%-13.8pp	-50.5%-22.8pp	-27.7%-11.8pp	-15.9%
Return on Assets	-32.6%-11.1pp	-21.5%-2.9pp	-18.6%-14.1pp	-4.5%+9.1pp	-13.6%+3.1pp	-16.8%-4.6pp	-12.2%-4.6pp	-7.6%
Current Ratio	1.43-0.2	1.66+0.5	1.16-0.2	1.40-0.2	1.55+0.2	1.33-0.3	1.64-0.2	1.84
Debt-to-Equity	-0.23+1.0	-1.21-2.4	1.20+0.6	0.65+0.2	0.50-1.5	2.02+0.7	1.27+0.2	1.09
FCF Margin	-25.4%+32.5pp	-57.9%-45.5pp	-12.4%+28.8pp	-41.2%+87.4pp	-128.6%-103.0pp	-25.6%+13.6pp	-39.2%+58.5pp	-97.6%

Note: Shareholder equity is negative (-$43.0M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.

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Frequently Asked Questions

What is Ftc Solar, Inc.'s annual revenue?

Ftc Solar, Inc. (FTCI) reported $99.7M in total revenue for fiscal year 2025. This represents a 110.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Ftc Solar, Inc.'s revenue growing?

Ftc Solar, Inc. (FTCI) revenue grew by 110.5% year-over-year, from $47.4M to $99.7M in fiscal year 2025.

Is Ftc Solar, Inc. profitable?

No, Ftc Solar, Inc. (FTCI) reported a net income of -$79.6M in fiscal year 2025, with a net profit margin of -79.8%.

What is Ftc Solar, Inc.'s EBITDA?

Ftc Solar, Inc. (FTCI) had EBITDA of -$34.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Ftc Solar, Inc. have?

As of fiscal year 2025, Ftc Solar, Inc. (FTCI) had $21.1M in cash and equivalents against $9.9M in long-term debt.

What is Ftc Solar, Inc.'s gross margin?

Ftc Solar, Inc. (FTCI) had a gross margin of -0.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Ftc Solar, Inc.'s operating margin?

Ftc Solar, Inc. (FTCI) had an operating margin of -35.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Ftc Solar, Inc.'s net profit margin?

Ftc Solar, Inc. (FTCI) had a net profit margin of -79.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Ftc Solar, Inc.'s free cash flow?

Ftc Solar, Inc. (FTCI) generated -$34.6M in free cash flow during fiscal year 2025. This represents a 4.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Ftc Solar, Inc.'s operating cash flow?

Ftc Solar, Inc. (FTCI) generated -$33.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Ftc Solar, Inc.'s total assets?

Ftc Solar, Inc. (FTCI) had $111.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Ftc Solar, Inc.'s capital expenditures?

Ftc Solar, Inc. (FTCI) invested $1.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Ftc Solar, Inc. spend on research and development?

Ftc Solar, Inc. (FTCI) invested $4.4M in research and development during fiscal year 2025.

How many shares does Ftc Solar, Inc. have outstanding?

Ftc Solar, Inc. (FTCI) had 16M shares outstanding as of fiscal year 2025.

What is Ftc Solar, Inc.'s current ratio?

Ftc Solar, Inc. (FTCI) had a current ratio of 1.43 as of fiscal year 2025, which is considered adequate.

What is Ftc Solar, Inc.'s debt-to-equity ratio?

Ftc Solar, Inc. (FTCI) had a debt-to-equity ratio of -0.23 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Ftc Solar, Inc.'s return on assets (ROA)?

Ftc Solar, Inc. (FTCI) had a return on assets of -71.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Ftc Solar, Inc.'s cash runway?

Based on fiscal year 2025 data, Ftc Solar, Inc. (FTCI) had $21.1M in cash against an annual operating cash burn of $33.4M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.

Why is Ftc Solar, Inc.'s debt-to-equity ratio negative or unusual?

Ftc Solar, Inc. (FTCI) has negative shareholder equity of -$43.0M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.

What is Ftc Solar, Inc.'s Piotroski F-Score?

Ftc Solar, Inc. (FTCI) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Ftc Solar, Inc.'s earnings high quality?

Ftc Solar, Inc. (FTCI) has an earnings quality ratio of 0.42x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Ftc Solar, Inc. cover its interest payments?

Ftc Solar, Inc. (FTCI) has an interest coverage ratio of -4.3x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Ftc Solar, Inc.?

Ftc Solar, Inc. (FTCI) scores 22 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.