Filing Flows › FTC Solar (FTCI) › Q3 2026
FTC Solar (FTCI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
FTC Solar (FTCI) reported revenue of $32.8M for the third quarter 2026 (Q3 2026), +26% from a year earlier and +25% from the quarter before. Operating margin was -26.0%, net earnings $6.7M (20.4% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $32.8M | +25% | +26% |
| Operating profit | −$8.5M | — | — |
| Net earnings | $6.7M | — | — |
| Operating cash flow | $5.6M | -33% | — |
| Free cash flow | $5.5M | -31% | — |
What changed
Revenue was $32.8M in Q3 2026, up 26% year over year and up 25% from the previous quarter. Product was the largest line at 98% of revenue. Product added $12.1M year over year (up 60%), 179% of the total change. Service declined 89%.
Gross margin was 5.8%, down 0.3 points from Q3 2025. Operating costs exceeded revenue by $8.5M, an operating margin of -26.0%. Operating expenses grew 12% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+34%). Net earnings were $6.7M. The effective tax rate was 3.0%. Non-operating items added $15.5M, 224% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $5.6M, 83% of net earnings. Non-cash charges added back $430K of depreciation and amortization and $2.1M of share-based compensation. Working capital and other items used $3.7M. Capital expenditures of $14K left free cash flow of $5.5M.
Questions
What was FTC Solar's revenue in the third quarter 2026?
FTC Solar (FTCI) reported revenue of $32.8M for the third quarter 2026 (Q3 2026), +26% from a year earlier and +25% from the quarter before.
Was FTC Solar profitable in the third quarter 2026?
Operating loss was $8.5M (-26.0% of revenue) and net earnings $6.7M.
Source: FTC Solar 10-Q on SEC EDGAR.