Filing Flows › FTC Solar (FTCI) › Q2 2026 › vs Q2 2025
FTC Solar (FTCI) Q2 2026 vs Q2 2025 (year over year)
FTC Solar's revenue rose $6.2M (+31%) from $20.0M in Q2 2025 to $26.2M in Q2 2026. The biggest changes: Product +$6.5M (+41%); Service −$374K (-9%).
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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 30.5% | -12.4% | +42.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Product | $22.4M | $15.9M | $6.5M | +41% |
| Service | $3.8M | $4.1M | −$374K | -9% |
| Revenue | $26.2M | $20.0M | $6.2M | +31% |
| Net loss | $27.1M | $15.4M | $11.7M | +76% |
| Costs & expenses | $53.3M | $35.4M | $17.9M | +50% |
| Operating costs | $39.9M | $31.5M | $8.4M | +27% |
| Interest & other, net | $13.2M | $3.9M | $9.3M | +239% |
| Income tax | $217K | $39K | $178K | +456% |
| Cost of revenue | $28.4M | $23.9M | $4.5M | +19% |
| Research & development | $1.2M | $1.1M | $80K | +7% |
| Sales & marketing | $2.1M | $1.3M | $774K | +60% |
| General & admin | $8.2M | $5.2M | $3.1M | +59% |
| Operating cash sources | $35.4M | $13.1M | $22.3M | +170% |
| Depreciation & amortization | $430K | $305K | $125K | +41% |
| Share-based compensation | $2.2M | $936K | $1.2M | +131% |
| Working capital & other | $32.8M | $11.9M | $20.9M | +176% |
| Net loss absorbed | $27.1M | $15.4M | $11.7M | +76% |
| Operating cash flow | $8.3M | −$2.3M | $10.6M | — |
| Free cash flow (OCF − capex) | $8.0M | −$2.5M | $10.5M | — |
| Capital expenditures | $319K | $185K | $134K | +72% |
Questions
How much did FTC Solar's revenue grow year over year in Q2 2026?
FTC Solar's revenue rose $6.2M (+31%) from $20.0M in Q2 2025 to $26.2M in Q2 2026.
What drove FTC Solar's revenue change in Q2 2026?
Product +$6.5M (+41%); Service −$374K (-9%).