FTC Solar
Highly Engaged Employees
Highly Engaged EmployeesIndustrial Machinery & Equipment · Texas, United States · 201-500 Employees
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Overview
Headquarters
10900 Stonelake Blvd Ste 100, Austin, Te...Phone Number
(512) 481-4271Website
www.ftcsolar.comRevenue
$102.3 MillionStock Symbol
FTCIIndustry
ZI Rank: 1
Signal Type
Mar
Apr
May
Jun
Jul
Aug
ZI Rank
1
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1
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1
About FTC Solar
FTC Solar is a global provider of solar tracker systems supported by proprietary software and engineering services. Its 1P Pioneer and 2P Voyager trackers optimize solar panel orientation to maximize energy production for utility-scale and distributed solar projects. Software offerings include SUNPATH and SUNOPS. Founded in 2017 and headquartered in Austin, TX, the company acquired Alpha Steel in 2025 to add U.S. manufacturing capability, serving EPC firms, developers, and owners worldwide.Explore more
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Revenue
Number of Employees
Type
Funding
Founded In
Company Profile Activity
Activity Insights
FTC Solar is experiencing very low activity levels compared to other companies in the Manufacturing sector.
What does this means?
FTC Solar is drawing exceptional interest within the Manufacturing industry, suggesting notable developments or strong market momentum, learn more about FTC Solar.
FTC Solar financials insights
Gather financial insights about FTC Solar, including details on funding rounds, investors, total funding, and acquisitions, to gain a comprehensive understanding of their financial strategy.
2020
Debt
$350K
2024
Debt
$15M
2025
Other Financing Round
$75M
FTC Solar Tech Stack
A closer look at the technologies used by FTC Solar
Most Recent Scoops
Pain Point
ended Q2 with approximately $11.2 million in cash, falling short of the minimum unrestricted cash covenant of $15 million under its credit agreement, and was also not in compliance with the required minimum direct margin covenant for the quarter. While lenders have provided waivers for these Q2 covenants, all outstanding borrowings under the credit agreement have been classified as current liabilities as of June 30 as a result of the associated accounting treatment.
Accounting, Compliance, Financial Reporting, Finance, Financing & Debt
Facilities Relocation / Expansion
FTC Solar has entered the India market and has already secured multiple initial projects there, ranging from pilot size to over 100 MW, with shipments in the region ongoing in 2026.
Proof of Concept (POC), Business Development
Event
hosted its first robotics day at the company's Austin training facility last month, bringing together more than 100 attendees from robotic companies, EPCs, developers, and technology partners, with live demonstrations covering module installation, fastening, pile installation, quality control, and material handling.
Events, Machinery
Person-Based
Earnings, Finance
Earnings
Earnings, Finance
FTC Solar News & Media
FTC Solar (FTCI) Q2 2026 Earnings Call Transcript
Revenue surged 31% year-over-year, but cash covenant breach triggered debt reclassification.FTC Solar Q2 Earnings Call Highlights
FTC Solar (NASDAQ:FTCI) reported second-quarter revenue at the high end of its guidance range and reaffirmed its expectation for at least 40% revenue growth in 2026, as the solar-tracker company seeks to convert expanded customer approvals into larger project wins. Revenue for the second quarter waFTC Solar Announces Second Quarter 2026 Financial Results
Second Quarter Highlights and Recent DevelopmentsFTC Solar to Announce Second Quarter 2026 Financial Results Wednesday, August 5, 2026
AUSTIN, Texas, July 27, 2026 (GLOBE NEWSWIRE) -- FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, software, and engineering services, today announced it will report its second quarter 2026 financial results before market open on Wednesday, August 5, 2026.
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Frequently Asked Questions Regarding FTC Solar
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FTC Solar is a global provider of solar tracker systems supported by proprietary software and engineering services. Its 1P Pioneer and 2P Voyager trackers optimize solar panel orientation to maximize energy production for utility-scale and distributed solar projects. Software offerings include SUNPATH and SUNOPS. Founded in 2017 and headquartered i... Read More
