FTC Solar (FTCI)
Market Price (5/22/2026): $4.76 | Market Cap: $74.1 MilSector: Information Technology | Industry: Semiconductor Materials & Equipment
FTC Solar (FTCI)
Market Price (5/22/2026): $4.76Market Cap: $74.1 MilSector: Information TechnologyIndustry: Semiconductor Materials & Equipment
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73% Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -54% Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, and Renewable Energy Equipment. | Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -166% Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13.12 | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -37 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -38% Weak revenue growthRev Chg QQuarterly Revenue Change % is -17% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -41% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -62% High stock price volatilityVol 12M is 109% Key risksFTCI key risks include [1] substantial 'going concern' risk driven by a history of significant financial losses and cash burn, Show more. |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 73% |
| Valuation becoming less expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -54% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, and Sustainable Infrastructure. Themes include Solar Energy Generation, and Renewable Energy Equipment. |
| Weak multi-year price returns2Y Excs Rtn is -42%, 3Y Excs Rtn is -166% |
| Meaningful short interestShort Interest Days-to-CoverDTC = (Short Interest Share Quantity) / (Average Daily Trading Volume). Reflects how many days it would take to cover (close out) the short interest based on average volumes. High DTC can signify an increased risk of a short squeeze. is 13.12 |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -37 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -38% |
| Weak revenue growthRev Chg QQuarterly Revenue Change % is -17% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -39%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -41% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -62% |
| High stock price volatilityVol 12M is 109% |
| Key risksFTCI key risks include [1] substantial 'going concern' risk driven by a history of significant financial losses and cash burn, Show more. |
Qualitative Assessment
AI Analysis | Feedback
1. Poor Q1 2026 Financial Results and Significant Stock Drop. On May 5, 2026, FTC Solar reported a substantial miss for its first quarter 2026 earnings, with an EPS of -$0.67 against an estimated -$0.41, and revenue of $17.27 million falling short of the $24.26 million analyst consensus. This disappointing announcement led to a sharp 33.20% decline in the stock price on May 5, 2026, significantly contributing to the overall downward trend.
2. Auditor's Going Concern Doubt and Technical Default. FTC Solar's auditor, BDO LLP, expressed doubt about the company's ability to continue as a going concern for the period ending December 31, 2025, and the company also entered a technical default. These significant liquidity and covenant concerns signaled financial instability to investors, eroding confidence and weighing heavily on the stock's valuation.
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Stock Movement Drivers
Fundamental Drivers
The -54.1% change in FTCI stock from 1/31/2026 to 5/21/2026 was primarily driven by a -60.1% change in the company's P/S Multiple.| (LTM values as of) | 1312026 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 10.38 | 4.76 | -54.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 80 | 96 | 20.1% |
| P/S Multiple | 1.9 | 0.8 | -60.1% |
| Shares Outstanding (Mil) | 15 | 16 | -4.3% |
| Cumulative Contribution | -54.1% |
Market Drivers
1/31/2026 to 5/21/2026| Return | Correlation | |
|---|---|---|
| FTCI | -54.1% | |
| Market (SPY) | 7.6% | 33.8% |
| Sector (XLK) | 24.3% | 29.2% |
Fundamental Drivers
The -46.0% change in FTCI stock from 10/31/2025 to 5/21/2026 was primarily driven by a -57.2% change in the company's P/S Multiple.| (LTM values as of) | 10312025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 8.82 | 4.76 | -46.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 64 | 96 | 49.9% |
| P/S Multiple | 1.8 | 0.8 | -57.2% |
| Shares Outstanding (Mil) | 13 | 16 | -15.9% |
| Cumulative Contribution | -46.0% |
Market Drivers
10/31/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| FTCI | -46.0% | |
| Market (SPY) | 9.5% | 29.6% |
| Sector (XLK) | 19.1% | 26.5% |
Fundamental Drivers
The 49.2% change in FTCI stock from 4/30/2025 to 5/21/2026 was primarily driven by a 103.0% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302025 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 3.19 | 4.76 | 49.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 47 | 96 | 103.0% |
| P/S Multiple | 0.9 | 0.8 | -10.8% |
| Shares Outstanding (Mil) | 13 | 16 | -17.6% |
| Cumulative Contribution | 49.2% |
Market Drivers
4/30/2025 to 5/21/2026| Return | Correlation | |
|---|---|---|
| FTCI | 49.2% | |
| Market (SPY) | 35.5% | 30.5% |
| Sector (XLK) | 71.1% | 28.8% |
Fundamental Drivers
The -82.6% change in FTCI stock from 4/30/2023 to 5/21/2026 was primarily driven by a -66.5% change in the company's P/S Multiple.| (LTM values as of) | 4302023 | 5212026 | Change |
|---|---|---|---|
| Stock Price ($) | 27.30 | 4.76 | -82.6% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 123 | 96 | -21.9% |
| P/S Multiple | 2.3 | 0.8 | -66.5% |
| Shares Outstanding (Mil) | 10 | 16 | -33.4% |
| Cumulative Contribution | -82.6% |
Market Drivers
4/30/2023 to 5/21/2026| Return | Correlation | |
|---|---|---|
| FTCI | -82.6% | |
| Market (SPY) | 85.6% | 24.8% |
| Sector (XLK) | 141.8% | 23.2% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FTCI Return | -47% | -65% | -74% | -20% | 98% | -60% | -97% |
| Peers Return | 65% | -39% | 60% | 21% | 65% | 77% | 474% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 9% | 98% |
Monthly Win Rates [3] | |||||||
| FTCI Win Rate | 33% | 50% | 58% | 50% | 75% | 20% | |
| Peers Win Rate | 68% | 38% | 63% | 53% | 60% | 80% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 60% | |
Max Drawdowns [4] | |||||||
| FTCI Max Drawdown | - | -76% | -89% | -71% | -63% | -72% | |
| Peers Max Drawdown | -22% | -54% | -22% | -35% | -41% | -21% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: LRCX, AMAT, KLAC, MRVL, TER.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/21/2026 (YTD)
How Low Can It Go
| Event | FTCI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -38.1% | -18.8% |
| % Gain to Breakeven | 61.5% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -42.1% | -7.8% |
| % Gain to Breakeven | 72.7% | 8.5% |
| Time to Breakeven | 30 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.6% | -6.7% |
| % Gain to Breakeven | 32.7% | 7.1% |
| Time to Breakeven | 22 days | 31 days |
In The Past
FTC Solar's stock fell -38.1% during the 2025 US Tariff Shock. Such a loss loss requires a 61.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | FTCI | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -38.1% | -18.8% |
| % Gain to Breakeven | 61.5% | 23.1% |
| Time to Breakeven | 34 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -42.1% | -7.8% |
| % Gain to Breakeven | 72.7% | 8.5% |
| Time to Breakeven | 30 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -24.6% | -6.7% |
| % Gain to Breakeven | 32.7% | 7.1% |
| Time to Breakeven | 22 days | 31 days |
In The Past
FTC Solar's stock fell -38.1% during the 2025 US Tariff Shock. Such a loss loss requires a 61.5% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About FTC Solar (FTCI)
AI Analysis | Feedback
Here are 1-3 brief analogies for FTC Solar (FTCI):
- Trimble for large-scale solar projects.
- A specialized Caterpillar for solar farms.
AI Analysis | Feedback
- Voyager: A two-panel in-portrait single-axis tracker solution for solar arrays.
- SunPath: A software solution designed to enhance energy production from solar installations.
- Atlas: A web-based enterprise-level database that allows users to manage their solar project portfolios.
- SunDAT: A software solution for automated design and optimization of solar panel systems across various scales.
- Engineering Services: Professional services that support the design, development, and implementation of solar energy projects.
AI Analysis | Feedback
```htmlMajor Customers of FTC Solar (FTCI)
FTC Solar (FTCI) primarily sells its solar tracker systems, technology, software, and engineering services to other companies involved in the solar energy sector. Its major customers fall into the following categories:
- Project developers
- Solar asset owners
- Engineering, procurement, and construction (EPC) contractors that design and build solar energy projects
AI Analysis | Feedback
nullAI Analysis | Feedback
Yann Brandt President, Chief Executive Officer and Director
Yann Brandt was appointed President, CEO, and a Director of FTC Solar in August 2024. He brings over 18 years of experience in solar manufacturing, project development, finance, and energy storage. Prior to joining FTC Solar, Mr. Brandt served as Chief Commercial Officer (from November 2022) and Chief Financial Officer (from February 2021) at FlexGen, a battery energy storage services and software company. He also previously held the position of CEO at Quick Mount PV, a leading manufacturer of solar racking for residential solar, where he led the company's reorganization and growth. Before that, he was President of the Americas and Global Head of Marketing and PR at Conergy, a downstream solar company. Mr. Brandt holds a Bachelor of Science degree in mechanical engineering from Johns Hopkins University.
M. Cathy Behnen Chief Accounting Officer and Chief Financial Officer
Cathy Behnen was appointed Chief Financial Officer in February 2024, after serving as Interim CFO since November 2023. She has been FTC Solar's Chief Accounting Officer since 2020. Ms. Behnen possesses over 20 years of financial leadership experience. Her prior roles include CFO and Vice President of Finance at Penn National Gaming Hollywood Casino Jamul - San Diego (from 2017 to 2020) and Vice President of Finance and Corporate Controller at The Cosmopolitan of Las Vegas (from 2015 to 2017). She also has significant experience in the solar industry, having served as Head of Global Audit and Vice President of Business Operations at SunEdison from 2010 to 2015. She is a Certified Public Accountant and holds an MBA from St. Louis University.
Patrick M. Cook Senior Vice President, Capital Markets and Business Development
Patrick M. Cook was appointed Senior Vice President, Capital Markets and Business Development in May 2024. Before this, he served as Chief Commercial Officer of FTC Solar since April 2022 and as Chief Financial Officer from July 2019. Prior to joining FTC Solar, Mr. Cook held finance and leadership positions at Dot Foods, SunEdison (from 2011 to 2017, including Vice President of Capital Markets and Corporate Finance, and Treasurer of the Solar Energy Business Division), and Bank of America.
Sasan Aminpour Chief Operating Officer
Sasan Aminpour serves as the Chief Operating Officer of FTC Solar.
Tamara Mullings Senior Vice President, North American Sales
Tamara Mullings was appointed Senior Vice President, North American Sales in May 2024. She previously served on FTC Solar's Board of Directors since January 2023 and as a Board Observer since 2021. Ms. Mullings is the founder of AFARA Governance Inc. Her experience also includes serving as AVP of Global Technology Services at MetLife from 2018 to 2021, and earlier leadership, strategy, and program management roles with SunEdison, Southern California Edison, and IBM.
AI Analysis | Feedback
The key risks to FTC Solar (FTCI) are primarily centered on its financial viability, intense market competition, and external market and supply chain dependencies.
- Financial Challenges and Going Concern Risk: FTC Solar has a history of significant financial challenges, including ongoing operational losses, negative earnings per share, and substantial cash burn. The company has reported a negative shareholder equity and an accumulated deficit, raising doubts about its ability to continue as a going concern. Recent reports also indicate a technical default on a credit covenant, further highlighting its precarious financial position and high debt levels.
- Intense Competition and Margin Compression: FTC Solar operates in a highly competitive and fragmented solar tracker market. It faces significant competition from larger original equipment manufacturers (OEMs), vertically integrated engineering, procurement, and construction (EPC) contractors, and other global manufacturers. This intense competitive landscape leads to price pressures and challenges in maintaining and expanding gross margins.
- Dependence on Solar Installation Growth, Policy, and Supply Chain: The demand for FTC Solar's products and services is heavily influenced by factors outside its direct control. These include the pace of overall solar installation growth, potential delays in customer project development, and changes in governmental policies, subsidies, and incentives for solar energy. Additionally, the company is exposed to risks related to supply chain disruptions and cost inflation, which can impact its operational expenses and profitability.
AI Analysis | Feedback
nullAI Analysis | Feedback
FTC Solar, Inc. (FTCI) operates in the global solar energy market, primarily offering solar tracker systems and associated software solutions. The addressable markets for its main products and services are significant and continue to grow.
Solar Tracker Systems (Voyager brand)
FTC Solar's flagship product, the Voyager, is a two-panel in-portrait single-axis tracker solution. The market for solar tracker systems, particularly single-axis trackers, is expanding rapidly.
- The global single-axis solar tracker market size is estimated at USD 37.98 billion in 2026 and is projected to reach USD 96.31 billion by 2031, growing at a Compound Annual Growth Rate (CAGR) of 20.45% during this period.
- In the United States, the single-axis solar tracker market was valued at USD 0.78 billion in 2025 and is expected to reach USD 2.82 billion by 2033, with a CAGR of 19.08% from 2026 to 2033.
Software Solutions (SunPath, SunDAT, and formerly Atlas)
FTC Solar also provides software solutions such as SunPath for enhancing energy production and SunDAT for automated design and optimization of solar panel systems. While FTC Solar sold its Atlas web-based software platform in December 2024, the broader solar software market remains relevant to its other software offerings.
- The global solar software market size was USD 1.30 billion in 2025 and is projected to reach USD 2.86 billion by 2033, demonstrating a CAGR of 10.3% during the forecast period.
- More specifically, the global solar photovoltaic (PV) design software market, which includes tools like SunDAT, was valued at USD 1.88 billion in 2025 and is projected to reach USD 2.81 billion by 2034, exhibiting a CAGR of 6.1% during this period. Another estimate for the solar design software market projects growth from USD 1.12 billion in 2025 to USD 3.2 billion by 2035, at an 11.0% CAGR.
AI Analysis | Feedback
Future Revenue Growth Drivers for FTC Solar (FTCI)
FTC Solar (NASDAQ: FTCI) is anticipated to drive future revenue growth over the next two to three years through several key initiatives and market trends:- Conversion of Backlog and Master Supply Agreements (MSAs) into Firm Orders: FTC Solar has a significant contracted backlog, which reached $491 million, boosted by new agreements including a 1 GW supply agreement and an 840 MW deal in South Africa. The company has secured over 9 gigawatts of MSAs within a year and is making progress in converting these agreements into firm bookings, which are expected to contribute to accelerated revenue recognition.
- International Expansion: The company is strategically expanding its global footprint, with sales and support capabilities established in regions such as Australia, India, the Middle East, and Southeast Asia. This international expansion is aimed at capturing growing demand for solar installations in emerging markets, as evidenced by a multi-year MSA in South Africa.
- Product Innovation and Platform Scaling: FTC Solar's growth strategy includes scaling its Pioneer 1P platform and investing in research and development to ensure compatibility with higher-power modules and integrate storage solutions. The company also recently launched a new mounting solution designed to support U.S. manufactured thin-film modules, and its engineering-led differentiation focuses on reducing balance-of-system costs and simplifying installation to meet customer demands for lower total installed cost and faster construction.
- Enhanced Customer Engagement and Expanded Approved Vendor List (AVL) Presence: FTC Solar has observed significant improvements in customer engagement, reflected by increased visits to its product demonstration facilities. The company has also expanded its presence on Approved Vendor Lists (AVLs), now included by eight of the top ten engineering, procurement, and construction (EPC) firms, which is expected to provide a foundation for more predictable revenue streams.
- Overall Growth in the Solar Tracker Market: The broader solar tracker market continues to experience growth due to increasing demand for solar energy installations. FTC Solar's focus on maximizing energy production and offering competitive installation costs positions it to capitalize on this expanding market, as indicated by a robust 60% year-over-year increase in bidding volume in Q1 2025.
AI Analysis | Feedback
```htmlCapital Allocation Decisions (2021-2025)
Share Repurchases
No information available regarding significant share repurchases by FTC Solar for the specified period.
Share Issuance
- FTC Solar, Inc. completed an Initial Public Offering (IPO) in 2021.
- In 2023 and 2024, the company utilized at-the-market (ATM) offerings to help finance its operations.
- Shareholders approved the issuance of up to 6,836,237 shares of common stock upon the exercise of warrants, and an additional 2,000,000 shares were reserved for issuance under the 2021 Stock Incentive Plan in September 2025.
Inbound Investments
- In July 2025, FTC Solar secured a new $75 million strategic financing facility. An initial term loan of $37.5 million was funded in two tranches: $14.3 million on July 2, 2025, and $23.2 million on September 19, 2025, following shareholder approval.
- The company entered into $15 million in senior notes in 2024.
- FTC Solar anticipates receiving up to an additional $10 million from a private placement of debt.
Outbound Investments
- In November 2025, FTC Solar acquired the remaining 55% interest in Alpha Steel, LLC for approximately $2.7 million, gaining full ownership of the manufacturing joint venture established in 2023.
- FTC Solar sold its Atlas software platform for $0.9 million and received contingent earnout payments from a prior investment sale.
Capital Expenditures
- Capital expenditures for the full year 2025 amounted to $1.1 million, primarily for purchases of property, plant, and equipment.
- In Q3 2025, capital expenditures were $442,000, marking a 138.9% increase from the previous quarter, and focusing on funding long-term assets and infrastructure.
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| FTC Solar Earnings Notes | 12/16/2025 | |
| Is FTC Solar Stock Built to Withstand a Pullback? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Trade Ideas
Select ideas related to FTCI.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 04302026 | PLTR | Palantir Technologies | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.0% | 0.0% | 0.0% |
| 04102026 | ADSK | Autodesk | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 8.5% | 8.5% | 0.0% |
| 04102026 | BSY | Bentley Systems | Dip Buy | DB | FCFY OPMDip Buy with High FCF Yield and High MarginBuying dips for companies with high FCF yield and meaningfully high operating margin | 4.2% | 4.2% | 0.0% |
| 04102026 | ENPH | Enphase Energy | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.7% | 5.7% | 0.0% |
| 04102026 | BL | BlackLine | Dip Buy | DB | CFO/Rev | Low D/EDip Buy with High Cash Flow MarginsBuying dips for companies with significant cash flows from operations and reasonable debt / market cap | 3.2% | 3.2% | -3.0% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 327.84 |
| Mkt Cap | 202.6 |
| Rev LTM | 10,646 |
| Op Inc LTM | 3,398 |
| FCF LTM | 2,701 |
| FCF 3Y Avg | 2,401 |
| CFO LTM | 3,076 |
| CFO 3Y Avg | 2,731 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 28.4% |
| Rev Chg 3Y Avg | 7.7% |
| Rev Chg Q | 16.8% |
| QoQ Delta Rev Chg LTM | 4.0% |
| Op Inc Chg LTM | 34.0% |
| Op Inc Chg 3Y Avg | 16.4% |
| Op Mgn LTM | 28.5% |
| Op Mgn 3Y Avg | 25.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 26.1% |
| CFO/Rev 3Y Avg | 27.6% |
| FCF/Rev LTM | 19.5% |
| FCF/Rev 3Y Avg | 22.0% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 202.6 |
| P/S | 16.0 |
| P/Op Inc | 47.5 |
| P/EBIT | 45.9 |
| P/E | 54.0 |
| P/CFO | 54.6 |
| Total Yield | 1.9% |
| Dividend Yield | 0.2% |
| FCF Yield 3Y Avg | 2.9% |
| D/E | 0.0 |
| Net D/E | 0.0 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.9% |
| 3M Rtn | 20.6% |
| 6M Rtn | 105.8% |
| 12M Rtn | 192.1% |
| 3Y Rtn | 290.3% |
| 1M Excs Rtn | -0.4% |
| 3M Excs Rtn | 10.9% |
| 6M Excs Rtn | 88.6% |
| 12M Excs Rtn | 160.6% |
| 3Y Excs Rtn | 241.5% |
Price Behavior
| Market Price | $4.76 | |
| Market Cap ($ Bil) | 0.1 | |
| First Trading Date | 04/28/2021 | |
| Distance from 52W High | -61.9% | |
| 50 Days | 200 Days | |
| DMA Price | $4.40 | $7.50 |
| DMA Trend | down | down |
| Distance from DMA | 8.3% | -36.5% |
| 3M | 1YR | |
| Volatility | 136.2% | 109.8% |
| Downside Capture | 604.56 | 346.67 |
| Upside Capture | 222.43 | 275.01 |
| Correlation (SPY) | 33.0% | 29.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.89 | 3.32 | 3.25 | 3.04 | 2.76 | 2.16 |
| Up Beta | 0.82 | 0.90 | 1.30 | -1.16 | 1.20 | 1.70 |
| Down Beta | -3.69 | 2.24 | 3.23 | 3.16 | 3.88 | 1.88 |
| Up Capture | 189% | 371% | 264% | 665% | 755% | 989% |
| Bmk +ve Days | 15 | 22 | 31 | 66 | 141 | 428 |
| Stock +ve Days | 8 | 16 | 23 | 55 | 129 | 363 |
| Down Capture | -165% | 474% | 389% | 281% | 194% | 113% |
| Bmk -ve Days | 4 | 18 | 30 | 56 | 108 | 321 |
| Stock -ve Days | 12 | 25 | 39 | 68 | 118 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTCI | |
|---|---|---|---|---|
| FTCI | 17.2% | 109.7% | 0.65 | - |
| Sector ETF (XLK) | 54.0% | 20.6% | 1.99 | 27.6% |
| Equity (SPY) | 26.8% | 12.1% | 1.67 | 30.2% |
| Gold (GLD) | 37.5% | 26.8% | 1.16 | 9.1% |
| Commodities (DBC) | 43.5% | 18.6% | 1.80 | -19.6% |
| Real Estate (VNQ) | 12.0% | 13.4% | 0.59 | 11.3% |
| Bitcoin (BTCUSD) | -27.2% | 41.8% | -0.65 | 25.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTCI | |
|---|---|---|---|---|
| FTCI | -44.3% | 118.0% | 0.06 | - |
| Sector ETF (XLK) | 22.3% | 24.8% | 0.79 | 29.1% |
| Equity (SPY) | 13.8% | 17.0% | 0.64 | 29.8% |
| Gold (GLD) | 19.3% | 18.0% | 0.87 | 7.3% |
| Commodities (DBC) | 10.8% | 19.4% | 0.44 | 3.5% |
| Real Estate (VNQ) | 3.8% | 18.8% | 0.10 | 24.5% |
| Bitcoin (BTCUSD) | 9.3% | 55.6% | 0.37 | 13.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FTCI | |
|---|---|---|---|---|
| FTCI | -29.2% | 118.0% | -0.02 | - |
| Sector ETF (XLK) | 25.1% | 24.4% | 0.93 | 29.4% |
| Equity (SPY) | 15.5% | 17.9% | 0.74 | 30.1% |
| Gold (GLD) | 13.2% | 16.0% | 0.68 | 7.5% |
| Commodities (DBC) | 7.8% | 17.9% | 0.35 | 3.5% |
| Real Estate (VNQ) | 5.4% | 20.7% | 0.22 | 24.7% |
| Bitcoin (BTCUSD) | 67.3% | 66.9% | 1.06 | 14.9% |
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Returns Analyses
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 3/5/2026 | -27.1% | -36.3% | -51.0% |
| 11/12/2025 | 49.2% | 19.1% | 28.8% |
| 8/5/2025 | -18.5% | -29.2% | -5.1% |
| 3/31/2025 | 14.8% | 2.8% | 36.8% |
| 11/12/2024 | -12.7% | -22.7% | -33.2% |
| 8/8/2024 | -33.4% | -33.1% | -46.1% |
| 3/13/2024 | -6.3% | 15.1% | 0.1% |
| 11/8/2023 | -64.5% | -58.6% | -40.5% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 7 | 10 | 6 |
| # Negative | 10 | 7 | 11 |
| Median Positive | 13.0% | 14.9% | 30.0% |
| Median Negative | -15.6% | -33.1% | -25.2% |
| Max Positive | 49.2% | 31.7% | 48.1% |
| Max Negative | -64.5% | -58.6% | -51.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/24/2026 | 10-K |
| 09/30/2025 | 11/12/2025 | 10-Q |
| 06/30/2025 | 08/05/2025 | 10-Q |
| 03/31/2025 | 05/01/2025 | 10-Q |
| 12/31/2024 | 03/31/2025 | 10-K |
| 09/30/2024 | 11/12/2024 | 10-Q |
| 06/30/2024 | 08/08/2024 | 10-Q |
| 03/31/2024 | 05/10/2024 | 10-Q |
| 12/31/2023 | 03/15/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/09/2023 | 10-Q |
| 03/31/2023 | 05/10/2023 | 10-Q |
| 12/31/2022 | 02/28/2023 | 10-K |
| 09/30/2022 | 11/09/2022 | 10-Q |
| 06/30/2022 | 08/09/2022 | 10-Q |
Recent Forward Guidance [BETA]
Latest: Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 Revenue | 22.00 Mil | 24.00 Mil | 26.00 Mil | 6.7% | Raised | Guidance: 22.50 Mil for Q1 2026 | |
| Q2 2026 Non-GAAP Gross Profit | -1.40 Mil | -0.20 Mil | 1.00 Mil | -122.2% | Lowered | Guidance: 0.90 Mil for Q1 2026 | |
| Q2 2026 Non-GAAP Gross Margin | -6.4% | -1.2% | 4.0% | -135.8% | -4.6% | Lowered | Guidance: 3.35% for Q1 2026 |
| Q2 2026 Non-GAAP operating expenses | 8.40 Mil | 8.70 Mil | 9.00 Mil | 1.8% | Raised | Guidance: 8.55 Mil for Q1 2026 | |
| Q2 2026 Non-GAAP adjusted EBITDA | -10.50 Mil | -8.95 Mil | -7.40 Mil | 15.5% | Lowered | Guidance: -7.75 Mil for Q1 2026 | |
| 2026 Revenue Growth | 40.0% | ||||||
Prior: Q4 2025 Earnings Reported 3/5/2026
| Forward Guidance | Guidance Change | ||||||
|---|---|---|---|---|---|---|---|
| Metric | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Revenue | 20.00 Mil | 22.50 Mil | 25.00 Mil | -30.8% | Lower New | Actual: 32.50 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP Gross Profit | -0.50 Mil | 0.90 Mil | 2.30 Mil | -85.0% | Lower New | Actual: 6.00 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP Gross Margin | -2.5% | 3.35% | 9.2% | -81.4% | -14.7% | Lower New | Actual: 18.05% for Q4 2025 |
| Q1 2026 Non-GAAP operating expenses | 8.20 Mil | 8.55 Mil | 8.90 Mil | -0.6% | Lower New | Actual: 8.60 Mil for Q4 2025 | |
| Q1 2026 Non-GAAP adjusted EBITDA | -9.60 Mil | -7.75 Mil | -5.90 Mil | 187.0% | Lower New | Actual: -2.70 Mil for Q4 2025 | |
Insider Activity
Expand for More| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Alvarez, Antonio R | Direct | Buy | 5122026 | 4.23 | 2,500 | 10,575 | 216,927 | Form | |
| 2 | Alvarez, Antonio R | Direct | Buy | 5072026 | 3.98 | 2,500 | 9,950 | 194,156 | Form | |
| 3 | Carroll, Anthony | Chief Executive Officer | Direct | Buy | 5072026 | 3.43 | 7,250 | 24,868 | 2,200,191 | Form |
| 4 | Sadasivam, Shaker | Direct | Buy | 5072026 | 3.70 | 27,025 | 99,992 | 301,580 | Form | |
| 5 | Behnen, Cathy | CHIEF FINANCIAL OFFICER | Direct | Sell | 12312025 | 10.93 | 1,646 | 17,991 | 1,568,827 | Form |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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