Every 8-K that FTC Solar, Inc. (FTCI) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FTCI and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FTCI filings page.
FTC Solar, Inc. entered a purchase agreement with Lincoln Park Capital giving it the right, after an effective resale registration, to sell up to $20.0 million of common stock over 24 months at 97% of prevailing market prices, with daily share and dollar caps and 60,145 commitment shares issued upfront.
For the quarter ended June 30, 2026, revenue was $26.2 million, up 51.5% sequentially and 30.8% year over year near the top of guidance, while the company reported a GAAP gross loss of $2.2 million, gross margin of (8.5)%, GAAP net loss of $27.1 million (loss of $1.69 per diluted share), and adjusted EBITDA loss of $9.8 million. Contracted backlog was approximately $560 million. Cash and cash equivalents were $10,075 (in thousands) versus $21,105 at December 31, 2025, with short‑term debt of $22,641 and total stockholders’ deficit of $30,346 (in thousands).
Lenders under the Credit Agreement granted a waiver of the minimum unrestricted cash and minimum direct tracker margin covenants for the quarter ended June 30, 2026 and consented to payoff of Alpha Steel seller notes. Management highlighted major project awards, international expansion including India, guided Q3 2026 revenue to $30.0–$35.0 million, and reaffirmed an outlook for 40% full‑year 2026 revenue growth versus 2025.
FTC Solar reported first-quarter 2026 results and a CEO transition. Revenue was $17.3 million, down 47.5% from the prior quarter and 17.0% from a year ago. GAAP gross loss was $1.2 million, while Non-GAAP gross loss was $0.4 million, or a margin of (2.2)%.
GAAP net income reached $32.6 million, driven mainly by a $48.7 million non-cash gain from the change in fair value of warrant liability; Adjusted EBITDA was a loss of $8.2 million. Cash and cash equivalents were $5.6 million as of March 31, 2026. The contracted portion of backlog was about $543 million.
The Board appointed Anthony Carroll as President and CEO effective April 29, 2026, with Yann Brandt departing as CEO and director. Carroll’s package includes $700,000 base salary, a target bonus equal to 100% of salary, a $900,000 sign-on bonus in three installments, and 600,000 RSUs split between time-based and share-price performance vesting. The company expects Q1 to be the revenue low point and projects full-year 2026 revenue growth of about 40% versus 2025.
FTC Solar, Inc. entered a Second Amendment and Limited Waiver to its 2025 term loan Credit Agreement after breaching a purchase‑order covenant as of December 31, 2025. The $19.9 million term loan, previously reclassified as current, will again be treated largely as long‑term debt except for required prepayments.
Under the amendment, lenders waived the prior covenant breach and suspended the purchase‑order covenant until the quarter ending March 31, 2027, but imposed new terms. FTC Solar must make principal prepayments of $2.5 million on March 23, 2026, $2.5 million on May 22, 2026, and $5.0 million on September 30, 2026, with failure to pay constituting an event of default.
The company also faces tighter financial covenants. Unrestricted cash must be at least $15.0 million as of June 30, 2026 and at least $10.0 million as of September 30, 2026 and each quarter thereafter, subject to an ECF repayment formula. Minimum quarterly revenue targets are $25.0 million, $50.0 million, and $75.0 million for the quarters ending June 30, 2026, September 30, 2026, and December 31, 2026 and beyond. Consolidated EBITDA must be at least $10.0 million for the 12 months ending December 31, 2026 and $25.0 million for the 12 months ending December 31, 2027 and each fiscal year thereafter.
FTC Solar reported strong revenue growth but remained unprofitable in Q4 2025. Revenue reached $32.9 million, up 26.2% from the prior quarter and 148.9% year-over-year, landing within guidance. GAAP gross margin improved to 21.0%, while Non-GAAP gross margin was 23.4%, one of the highest levels in company history.
Despite this, GAAP net loss widened to $33.7 million, driven largely by a $26.4 million loss from the change in fair value of warrant liabilities and higher interest expense. Adjusted EBITDA loss narrowed sharply to $0.3 million from $9.8 million a year earlier, reflecting better underlying operations.
The company highlighted 2025 full-year revenue growth of more than 110% and a contracted backlog of about $491 million, excluding two new multi-year supply agreements totaling roughly 1.84 gigawatts of solar trackers in the U.S. and South Africa. For Q1 2026, FTC Solar guides revenue to $20–$25 million, with modest Non-GAAP gross margin and a larger Adjusted EBITDA loss as seasonality and earlier regulatory delays weigh on results.
FTC Solar, Inc. appointed Anthony Carroll as an independent Class II director, effective December 15, 2025. His term will run until the company’s 2026 annual stockholder meeting.
Carroll will receive standard compensation for a non-employee director, including an annual cash retainer of $50,000, prorated for 2025, and a grant of 13,567 restricted stock units (RSUs). The RSUs will vest in three equal installments on each of the first three anniversaries of the grant date, as long as he remains on the board.
He will enter into an indemnification agreement in the same form used for other directors and may participate in future RSU grants and other director compensation approved by the board and its compensation committee. The company states there are no arrangements behind his election and no related-party transactions requiring disclosure.
FTC Solar (FTCI) furnished an 8-K announcing it issued a press release covering financial results for the third quarter ended September 30, 2025. The press release is included as Exhibit 99.1. The information provided under Item 2.02 is furnished, not filed, under the Exchange Act and is not incorporated by reference except by specific reference.
FTC Solar, Inc. held a Special Meeting of Stockholders on September 4, 2025. Stockholders approved the issuance of an aggregate 6,836,237 shares of Common Stock issuable upon exercise of certain Warrants in excess of existing exercise caps, consistent with Nasdaq Listing Rule 5635(d). They also approved an amendment to the 2021 Stock Incentive Plan to reserve an additional 2,000,000 shares of Common Stock for future awards under the plan. The amendment is documented in Amendment No. 1 to the 2021 Stock Incentive Plan, filed as an exhibit.