FTC Solar, Inc.

NASDAQ•FTCI

CEO: Mr. Sasan Aminpour

セクター: Energy

業種: Solar

上場日: 2021-04-28

FTC Solar, Inc. engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. Its customers include project developers and solar asset owners, as well as engineering, procurement, and construction contractors that design and build solar energy projects. The company was incorporated in 2017 and is headquartered in Austin, Texas.

連絡先情報

Building 1, Suite 260 9020 North Capital of Texas Highway, Austin, TX, 78759, United States

737-787-7906

ftcsolar.com

時価総額

$68.42M

PER (TTM)

-0.9

13.5

配当利回り

52週高値

$12.75

52週安値

$2.49

52週レンジ

19%

順位69Top 98.7%

1.2

F-Score

改良版 Piotroski 分析

6年ファンダメンタル

弱い • 1.2 / 9 ポイント

スコアレンジ (0-9)

8-9: 価値が優れている

6-7: 基礎体質が強い

4-5: 全体的に堅調

0-3: パフォーマンスが弱い

データ期間: 2020-2025

財務ダッシュボード

Q4 2025 データ

売上高

$32.86M+0.00%

直近4四半期の推移

EPS

-$2.23+0.00%

直近4四半期の推移

フリーCF

-$8.36M+0.00%

直近4四半期の推移

2025 Q3 決算ハイライト

主なハイライト

Revenue Nearly Doubles Total revenue reached $66.83M, marking 95.7% growth for nine months. Product revenue jumped 99.8% due to 185% MW increase.

Gross Loss Significantly Narrows Nine-month gross loss improved to ($5.77M) from ($8.76M). Margin shifted from negative 25.6% to negative 8.6% year-over-year.

Cash Position Improved Cash reserves grew to $24.37M by period end, up $13.12M since December 31, 2024. Total assets reached $111.53M.

New Debt Financing Secured $35.9M net cash provided by financing activities, largely from new $75M Credit Agreement facility funded through September 2025.

リスク要因

Going Concern Uncertainty Substantial doubt exists regarding ability to continue as going concern within next year due to recurring operating losses and covenant requirements.

Debt Covenant Compliance Needed Meeting minimum cash ($20.0M) and quarterly revenue targets required under new Credit Agreement over the next twelve months.

Tariff Assessment Risk Uncertainty remains regarding finalized CBP tariff assessments, potentially causing future material adverse effects on operations or liquidity.

Customer Litigation Exposure Lawsuit filed against BayWa for alleged contract breach; outcome uncertain regarding recovery or material financial impact.

見通し

Alpha Steel Acquisition Closing Agreement signed November 11, 2025, to acquire 100% of Alpha Steel, becoming a wholly-owned subsidiary shortly after filing.

Technology Investment Continues Investing in product technology expansion, including SUNOPS monitoring and Pioneer+ tracker enhancements for challenging terrains.

Cost Savings Implementation Implementing additional cost savings measures, impacting headcount location and the level of third-party services currently utilized.

ATM Program Capacity Available Maintaining $13.75M capacity available under the ATM program for potential future equity sales to fund general corporate purposes.

同業比較

売上高 (TTM)

TYGO

$103.54M

+91.7%

FTCI

$99.69M

+110.5%

ZEO

$69.35M

-5.2%

粗利益率 (最新四半期)

ZEO

51.9%

+7.7pp

TYGO

44.5%

+30.2pp

FTCI

21.0%

+48.6pp

主要指標

銘柄コード	時価総額	PER (TTM)	ROE (TTM)	負債比率
TYGO	$288.81M	-142.8	-16.7%	3.4%
EP	$100.62M	-1.3	-177.3%	23.3%
FTCI	$68.42M	-0.9	1044.3%	20.7%

長期トレンド

直近4四半期

売上高

純利益

営業キャッシュフロー

4四半期売上高CAGR

16.5%

高成長

4四半期純利益CAGR

N/M

収益構造の変化

キャッシュフロー安定性

キャッシュフローに注意が必要

深度リサーチ

次回決算:2026年5月7日

EPS:-$0.41

売上高:$24.26M

財務データ

決算説明会

財務レポート

ニュース

損益計算書

バランスシート

キャッシュフロー計算書

財務比率

変化率

損益計算書	直近12ヶ月

データなし