Filing Flows › FTC Solar (FTCI) › Q3 2026 › vs Q3 2025
FTC Solar (FTCI) Q3 2026 vs Q3 2025 (year over year)
FTC Solar's revenue rose $6.8M (+26%) from $26.0M in Q3 2025 to $32.8M in Q3 2026. The biggest changes: Product +$12.1M (+60%); Service −$5.3M (-89%).
FTC Solar, Q3 2026: revenue $32.8M (+26% year over year), operating margin -26.0%, net earnings $6.7M, operating cash flow $5.6M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Free cash flow margin | 16.9% | -58.2% | +75.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Product | $32.2M | $20.1M | $12.1M | +60% |
| Service | $628K | $6.0M | −$5.3M | -89% |
| Revenue | $32.8M | $26.0M | $6.8M | +26% |
| Other income, net | $15.5M | −$16.2M | $31.6M | — |
| Costs & expenses | $48.3M | $50.0M | −$1.7M | -3% |
| Operating costs | $41.4M | $33.7M | $7.6M | +23% |
| Income tax | $210K | $44K | $166K | +377% |
| Net earnings | $6.7M | −$23.9M | $30.6M | — |
| Cost of revenue | $30.9M | $24.4M | $6.5M | +27% |
| Research & development | $930K | $1.2M | −$298K | -24% |
| Sales & marketing | $2.2M | $1.7M | $576K | +34% |
| General & admin | $7.3M | $6.4M | $864K | +14% |
| Operating cash sources | $9.2M | −$22.5M | $31.8M | — |
| Depreciation & amortization | $430K | $289K | $141K | +49% |
| Share-based compensation | $2.1M | $1.1M | $974K | +86% |
| Working capital & other | $3.7M | −$7.9M | $11.6M | — |
| Operating cash flow | $5.6M | −$14.6M | $20.2M | — |
| Free cash flow (OCF − capex) | $5.5M | −$15.2M | $20.7M | — |
| Capital expenditures | $14K | $525K | −$511K | -97% |
Questions
How much did FTC Solar's revenue grow year over year in Q3 2026?
FTC Solar's revenue rose $6.8M (+26%) from $26.0M in Q3 2025 to $32.8M in Q3 2026.
What drove FTC Solar's revenue change in Q3 2026?
Product +$12.1M (+60%); Service −$5.3M (-89%).