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FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S. manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
2017
213
LTM Revenue $72.0M
LTM EBITDA -$37.2M
$92.2M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
FTC Solar has a last 12-month revenue (LTM) of $72.0M and a last 12-month EBITDA of -$37.2M.
In the most recent fiscal year, FTC Solar achieved revenue of $47.4M and an EBITDA of -$46.4M.
FTC Solar expects next 12-month revenue of XXX and NTM EBITDA of XXX
See FTC Solar valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $72.0M | XXX | $47.4M | XXX | XXX | XXX |
| Gross Profit | -$9.4M | XXX | -$12.6M | XXX | XXX | XXX |
| Gross Margin | -13% | XXX | -27% | XXX | XXX | XXX |
| EBITDA | -$37.2M | XXX | -$46.4M | XXX | XXX | XXX |
| EBITDA Margin | -52% | XXX | -98% | XXX | XXX | XXX |
| EBIT | -$42.8M | XXX | -$52.8M | XXX | XXX | XXX |
| EBIT Margin | -59% | XXX | -112% | XXX | XXX | XXX |
| Net Profit | -$38.4M | XXX | -$48.6M | XXX | XXX | XXX |
| Net Margin | -53% | XXX | -103% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | n/a | XXX | XXX | XXX |
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As of August 18, 2025, FTC Solar's stock price is $6.
FTC Solar has current market cap of $83.9M, and EV of $92.2M.
See FTC Solar trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $92.2M | $83.9M | XXX | XXX | XXX | XXX | $-2.98 |
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Start Free TrialAs of August 18, 2025, FTC Solar has market cap of $83.9M and EV of $92.2M.
FTC Solar's trades at 1.9x EV/Revenue multiple, and -2.0x EV/EBITDA.
Equity research analysts estimate FTC Solar's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
FTC Solar has a P/E ratio of -2.2x.
See valuation multiples for FTC Solar and 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $83.9M | XXX | $83.9M | XXX | XXX | XXX |
| EV (current) | $92.2M | XXX | $92.2M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | 1.9x | XXX | XXX | XXX |
| EV/EBITDA | -2.5x | XXX | -2.0x | XXX | XXX | XXX |
| EV/EBIT | -2.2x | XXX | -1.7x | XXX | XXX | XXX |
| EV/Gross Profit | -9.8x | XXX | n/a | XXX | XXX | XXX |
| P/E | -2.2x | XXX | -1.7x | XXX | XXX | XXX |
| EV/FCF | -9.4x | XXX | -2.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialFTC Solar's last 12 month revenue growth is 101%
FTC Solar's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.2M for the same period.
FTC Solar's rule of 40 is 63% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
FTC Solar's rule of X is 202% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for FTC Solar and other 15K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 101% | XXX | 95% | XXX | XXX | XXX |
| EBITDA Margin | -52% | XXX | -98% | XXX | XXX | XXX |
| EBITDA Growth | -57% | XXX | n/a | XXX | XXX | XXX |
| Rule of 40 | 63% | XXX | 3% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 202% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 19% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 85% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Public Power Corporation | XXX | XXX | XXX | XXX | XXX | XXX |
| Banpu Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Gulf Development | XXX | XXX | XXX | XXX | XXX | XXX |
| Torrent Power | XXX | XXX | XXX | XXX | XXX | XXX |
| Reliance Power | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
FTC Solar acquired XXX companies to date.
Last acquisition by FTC Solar was XXXXXXXX, XXXXX XXXXX XXXXXX . FTC Solar acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
Sign up to see revenue and EBITDA valuation multiples for 65K+ M&A deals.
Start Free Trial| When was FTC Solar founded? | FTC Solar was founded in 2017. |
| Where is FTC Solar headquartered? | FTC Solar is headquartered in United States of America. |
| How many employees does FTC Solar have? | As of today, FTC Solar has 213 employees. |
| Who is the CEO of FTC Solar? | FTC Solar's CEO is Mr. Yann Brandt. |
| Is FTC Solar publicy listed? | Yes, FTC Solar is a public company listed on NAS. |
| What is the stock symbol of FTC Solar? | FTC Solar trades under FTCI ticker. |
| When did FTC Solar go public? | FTC Solar went public in 2021. |
| Who are competitors of FTC Solar? | Similar companies to FTC Solar include e.g. Public Power Corporation, Banpu Power, Gulf Development, Torrent Power. |
| What is the current market cap of FTC Solar? | FTC Solar's current market cap is $83.9M |
| What is the current revenue of FTC Solar? | FTC Solar's last 12 months revenue is $72.0M. |
| What is the current revenue growth of FTC Solar? | FTC Solar revenue growth (NTM/LTM) is 101%. |
| What is the current EV/Revenue multiple of FTC Solar? | Current revenue multiple of FTC Solar is 1.3x. |
| Is FTC Solar profitable? | Yes, FTC Solar is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of FTC Solar? | FTC Solar's last 12 months EBITDA is -$37.2M. |
| What is FTC Solar's EBITDA margin? | FTC Solar's last 12 months EBITDA margin is -52%. |
| What is the current EV/EBITDA multiple of FTC Solar? | Current EBITDA multiple of FTC Solar is -2.5x. |
| What is the current FCF of FTC Solar? | FTC Solar's last 12 months FCF is -$9.8M. |
| What is FTC Solar's FCF margin? | FTC Solar's last 12 months FCF margin is -14%. |
| What is the current EV/FCF multiple of FTC Solar? | Current FCF multiple of FTC Solar is -9.4x. |
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