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FTC Solar (FTCI) Revenue & Revenue Breakdown

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FTC Solar Revenue Highlights

Latest Revenue (Y)

$127.00M

Latest Revenue (Q)

$10.14M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

FTC Solar Revenue by Period

FTC Solar Revenue by Year

DateRevenueChange
2023-12-31$127.00M3.20%
2022-12-31$123.07M-54.51%
2021-12-31$270.52M44.39%
2020-12-31$187.35M252.67%
2019-12-31$53.12M-

FTC Solar generated $127.00M in revenue during NA 2023, up 3.20% compared to the previous quarter, and up 0.00% compared to the same period a year ago.

FTC Solar Revenue by Quarter

DateRevenueChange
2024-09-30$10.14M-11.32%
2024-06-30$11.43M-9.19%
2024-03-31$12.59M-45.75%
2023-12-31$23.20M-24.05%
2023-09-30$30.55M-5.60%
2023-06-30$32.36M-20.87%
2023-03-31$40.89M55.96%
2022-12-31$26.22M58.22%
2022-09-30$16.57M-46.06%
2022-06-30$30.72M-38.00%
2022-03-31$49.55M-51.29%
2021-12-31$101.72M91.97%
2021-09-30$52.99M5.75%
2021-06-30$50.11M-23.74%
2021-03-31$65.71M48.73%
2020-12-31$44.18M-25.92%
2020-09-30$59.64M16.58%
2020-06-30$51.16M58.01%
2020-03-31$32.38M-

FTC Solar generated $10.14M in revenue during Q3 2024, up -11.32% compared to the previous quarter, and up 31.32% compared to the same period a year ago.

FTC Solar Revenue Breakdown

FTC Solar Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 23Dec 22Dec 21
Product$101.87M$63.76M$227.40M
Service$25.13M$59.31M$43.13M

FTC Solar's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (80.21%), and Service (19.79%).

Quarterly Revenue by Product

Product/ServiceSep 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21
Product$7.41M$10.90M$20.95M$27.27M$21.07M$32.58M$20.08M$3.54M$9.17M$30.97M$89.60M$45.58M$35.76M$56.46M
Service$2.73M$1.68M$2.26M$3.27M$11.29M$8.31M$6.14M$13.03M$21.55M$18.59M$12.12M$7.41M$14.35M$9.24M

FTC Solar's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Product (73.12%), and Service (26.88%).

FTC Solar Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 23Dec 22
UNITED STATES$119.98M$97.99M
All Other$20.00K$227.00K
AUSTRALIA$7.00M$24.85M

FTC Solar's latest annual revenue breakdown by geography, as of Dec 23: UNITED STATES (94.47%), AUSTRALIA (5.51%), and All Other (0.02%).

Quarterly Revenue by Country

CountrySep 21Jun 21Mar 21
UNITED STATES$52.98M$49.91M$65.64M
Other$5.00K$196.00K$63.00K

FTC Solar's latest quarterly revenue breakdown by geography, as of Sep 21: UNITED STATES (99.99%), and Other (0.01%).

FTC Solar Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
JKSJinkoSolar$118.68B$23.04B
CSIQCanadian Solar$7.61B$1.33B
FSLRFirst Solar$3.32B$887.67M
SEDGSolarEdge$2.98B$265.40M
NXTNextracker$2.50B$635.57M
RUNSunrun$2.26B$537.17M
SPWRSunPower$1.69B$356.90M
MAXNMaxeon Solar$1.12B$187.46M
NOVASunnova Energy$720.65M$235.29M
SHLSShoals Technologies Group$488.94M$99.25M
FTCIFTC Solar$127.00M$10.14M

FTCI Revenue FAQ

What is FTC Solar’s yearly revenue?

FTC Solar's yearly revenue for 2023 was $127M, representing an increase of 3.20% compared to 2022. The company's yearly revenue for 2022 was $123.07M, representing a decrease of -54.51% compared to 2021. FTCI's yearly revenue for 2021 was $270.52M, representing an increase of 44.39% compared to 2020.

What is FTC Solar’s quarterly revenue?

FTC Solar's quarterly revenue for Q3 2024 was $10.14M, a -11.32% decrease from the previous quarter (Q2 2024), and a -66.82% decrease year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $11.43M, a -9.19% decrease from the previous quarter (Q1 2024), and a -64.68% decrease year-over-year (Q2 2023). FTCI's quarterly revenue for Q1 2024 was $12.59M, a -45.75% decrease from the previous quarter (Q4 2023), and a -69.22% decrease year-over-year (Q1 2023).

What is FTC Solar’s revenue growth rate?

FTC Solar's revenue growth rate for the last 3 years (2021-2023) was -53.05%, and for the last 5 years (2019-2023) was 139.07%.

What are FTC Solar’s revenue streams?

FTC Solar's revenue streams in c 23 are Product, and Service. Product generated $101.87M in revenue, accounting 80.21% of the company's total revenue, up 59.77% year-over-year. Service generated $25.13M in revenue, accounting 19.79% of the company's total revenue, down -57.63% year-over-year.

What is FTC Solar’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of FTC Solar was Product. This segment made a revenue of $101.87M, representing 80.21% of the company's total revenue.