FTC Solar, a US-based solar-tracker provider, has posted Q3 2025 revenue of $26.0 million, up 156.8% from last year and above guidance. Non-GAAP gross profit has reached $2.0 million, marking a return to positive gross margin, while both GAAP and EBITDA losses have narrowed. The company closed $37.5 million of a $75 million financing facility and signed a 1 GW tracker-supply agreement with Levona Renewables beginning with the 140 MW CT Solar One project in Texas. Contracted backlog excluding the new deal is about $462 million, with next-quarter revenue expected to grow 25%.