Filing Flows › FTC Solar (FTCI) › Q3 2025
FTC Solar (FTCI) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 12, 2025
FTC Solar (FTCI) reported revenue of $26.0M for the third quarter 2025 (Q3 2025), +157% from a year earlier and +30% from the quarter before. Operating margin was -29.6%, net loss $23.9M (92.0% of revenue).
FTC Solar, Q3 2025: revenue $26.0M (+157% year over year), operating margin -29.6%, net loss $23.9M, operating cash flow −$14.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $26.0M | +30% | +157% |
| Operating profit | −$7.7M | — | — |
| Net earnings | −$23.9M | — | — |
| Operating cash flow | −$14.6M | — | — |
What changed
Revenue was $26.0M in Q3 2025, up 157% year over year and up 30% from the previous quarter. Product was the largest line at 77% of revenue. Product added $12.7M year over year (up 171%), 80% of the total change.
Gross margin was 6.1%. Operating costs exceeded revenue by $7.7M, an operating margin of -29.6%. The quarter ended with a net loss of $23.9M, wider than the previous quarter's $15.4M loss. Net interest and other expense of $16.2M was the main reason.
Operating cash flow was −$14.6M. Non-cash charges added back $290K of depreciation and amortization and $1.1M of share-based compensation. Working capital and other items added $7.9M. Capital expenditures of $442K exceeded it, leaving free cash flow of −$15.1M.
Questions
What was FTC Solar's revenue in the third quarter 2025?
FTC Solar (FTCI) reported revenue of $26.0M for the third quarter 2025 (Q3 2025), +157% from a year earlier and +30% from the quarter before.
Was FTC Solar profitable in the third quarter 2025?
Operating loss was $7.7M (-29.6% of revenue) and net loss $23.9M.
Source: FTC Solar 10-Q on SEC EDGAR.