Revenue: As of FY2025 Q3, the actual value is USD 26.03 M, beating the estimate of USD 21.12 M.EPS: As of FY2025 Q3, the actual value is USD -1.61.EBIT: As of FY2025 Q3, the actual value is USD -5.723 M.<h3>Segment Revenue</h3><ul><li>Product Revenue: $54,130,000 for the nine months ended September 30, 2025, compared to $27,092,000 for the same period in 2024, representing a 99.8% increase.</li><li>Service Revenue: $12,696,000 for the nine months ended September 30, 2025, compared to $7,061,000 for the same period in 2024, representing a 79.8% increase.</li></ul><h3>Operational Metrics</h3><ul><li>Net Loss: - $43,187,000 for the nine months ended September 30, 2025, compared to - $36,371,000 for the same period in 2024.</li><li>Gross Loss: - $5,772,000 for the nine months ended September 30, 2025, compared to - $8,757,000 for the same period in 2024.</li><li>Operating Expenses: $23,992,000 for the nine months ended September 30, 2025, compared to $30,645,000 for the same period in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Net Cash Used in Operations: - $25,416,000 for the nine months ended September 30, 2025, compared to - $18,008,000 for the same period in 2024.</li><li>Net Cash Provided by Investing Activities: $2,557,000 for the nine months ended September 30, 2025, compared to $930,000 for the same period in 2024.</li><li>Net Cash Provided by Financing Activities: $35,900,000 for the nine months ended September 30, 2025, compared to $3,000 for the same period in 2024.</li></ul><h3>Unique Metrics</h3><ul><li>Loss from Change in Fair Value of Warrant Liability: - $14,298,000 for the nine months ended September 30, 2025.</li><li>Gain from Disposal of Investment in Unconsolidated Subsidiary: $3,204,000 for the nine months ended September 30, 2025.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to focus on increasing project activity and cash flow, with expectations of meeting financial covenants under the Credit Agreement, including a $20 million minimum unrestricted cash covenant effective for the quarter ended December 31, 2025.</li><li>Non-Core Business: The company has entered into a Membership Interest Purchase Agreement to acquire 100% of the membership interests of Alpha Steel, which will become a wholly-owned subsidiary, enhancing its manufacturing capabilities.</li></ul>

FTC Solar | 10-Q: FY2025 Q3 Revenue Beats Estimate at USD 26.03 M