FTC Solar (FTCI) Revenue & Revenue Breakdown
FTC Solar Revenue Highlights
Latest Revenue (Y)
$127.00M
Latest Revenue (Q)
$11.43M
Main Segment (Y)
Product
Main Geography (Y)
UNITED STATES
FTC Solar Revenue by Period
FTC Solar Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $127.00M | 3.20% |
| 2022-12-31 | $123.07M | -54.51% |
| 2021-12-31 | $270.52M | 44.39% |
| 2020-12-31 | $187.35M | 252.67% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 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 | $40.89M | 55.96% |
| 2022-12-31 | $26.22M | 58.22% |
| 2022-09-30 | $16.57M | -46.06% |
| 2022-06-30 | $30.72M | -38.00% |
| 2022-03-31 | $49.55M | -51.29% |
| 2021-12-31 | $101.72M | 91.97% |
| 2021-09-30 | $52.99M | 5.75% |
| 2021-06-30 | $50.11M | -23.74% |
| 2021-03-31 | $65.71M | 48.73% |
| 2020-12-31 | $44.18M | -25.92% |
| 2020-09-30 | $59.64M | 16.58% |
| 2020-06-30 | $51.16M | 58.01% |
| 2020-03-31 | $32.38M | - |
FTC Solar generated $11.43M in revenue during Q2 2024, up -9.19% compared to the previous quarter, and up 27.95% compared to the same period a year ago.
FTC Solar Revenue Breakdown
FTC Solar Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Service | $25.13M | $59.31M | $43.13M |
| Product | $101.87M | $63.76M | $227.40M |
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/Service | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Product | $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 | $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 Mar 24: Product (86.64%), and Service (13.36%).
FTC Solar Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 |
|---|---|---|
| AUSTRALIA | $7.00M | $24.85M |
| All Other | $20.00K | $227.00K |
| UNITED STATES | $119.98M | $97.99M |
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
| Country | Sep 21 | Jun 21 | Mar 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
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| JKS | JinkoSolar | $118.68B | $23.04B |
| CSIQ | Canadian Solar | $7.61B | $1.33B |
| FSLR | First Solar | $3.32B | $1.01B |
| SEDG | SolarEdge | $2.98B | $204.40M |
| NXT | Nextracker | $2.50B | $719.92M |
| RUN | Sunrun | $2.26B | $458.19M |
| SPWR | SunPower | $1.69B | $356.90M |
| MAXN | Maxeon Solar | $1.12B | $187.46M |
| NOVA | Sunnova Energy | $720.65M | $219.60M |
| SHLS | Shoals Technologies Group | $488.94M | $99.25M |
| FTCI | FTC Solar | $127.00M | $11.43M |
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 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). The company'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). FTCI's quarterly revenue for Q4 2023 was $23.2M, a -24.05% decrease from the previous quarter (Q3 2023), and a -11.51% decrease year-over-year (Q4 2022).
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 Service, and Product. Service generated $25.13M in revenue, accounting 19.79% of the company's total revenue, down -57.63% year-over-year. Product generated $101.87M in revenue, accounting 80.21% of the company's total revenue, up 59.77% 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.