Filing Flows › FTC Solar (FTCI) › Q2 2026 › vs Q1 2026
FTC Solar (FTCI) Q2 2026 vs Q1 2026 (quarter over quarter)
FTC Solar's revenue rose $8.9M (+52%) from $17.3M in Q1 2026 to $26.2M in Q2 2026. The biggest changes: Product +$10.6M (+90%); Service −$1.8M (-32%).
FTC Solar, Q2 2026: revenue $26.2M (+31% year over year), operating margin -52.5%, net loss $27.1M, operating cash flow $8.3M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Free cash flow margin | 30.5% | -75.6% | +106.1 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $22.4M | $11.8M | $10.6M | +90% |
| Service | $3.8M | $5.5M | −$1.8M | -32% |
| Revenue | $26.2M | $17.3M | $8.9M | +52% |
| Net loss | $27.1M | −$32.6M | $59.7M | — |
| Costs & expenses | $53.3M | $62.1M | −$8.8M | -14% |
| Operating costs | $39.9M | $29.3M | $10.6M | +36% |
| Interest & other, net | $13.2M | −$44.9M | $58.0M | — |
| Income tax | $217K | $195K | $22K | +11% |
| Cost of revenue | $28.4M | $18.5M | $9.9M | +54% |
| Research & development | $1.2M | $1.1M | $91K | +8% |
| Sales & marketing | $2.1M | $1.7M | $350K | +20% |
| General & admin | $8.2M | $8.0M | $221K | +3% |
| Operating cash sources | $35.4M | −$45.4M | $80.8M | — |
| Depreciation & amortization | $430K | $365K | $65K | +18% |
| Share-based compensation | $2.2M | $3.3M | −$1.2M | -35% |
| Working capital & other | $32.8M | −$49.1M | $81.9M | — |
| Net loss absorbed | $27.1M | −$32.6M | $59.7M | — |
| Operating cash flow | $8.3M | −$12.8M | $21.1M | — |
| Free cash flow (OCF − capex) | $8.0M | −$13.0M | $21.0M | — |
| Capital expenditures | $319K | $276K | $43K | +16% |
Questions
How much did FTC Solar's revenue grow quarter over quarter in Q2 2026?
FTC Solar's revenue rose $8.9M (+52%) from $17.3M in Q1 2026 to $26.2M in Q2 2026.
What drove FTC Solar's revenue change in Q2 2026?
Product +$10.6M (+90%); Service −$1.8M (-32%).