Firan Technology Group Corporation (“FTG”) Announces Q3 2026 Financial Results
Key Highlights
- ➤Bookings $90.2 million, up 75% year over year, with 1.41:1 book-to-bill
- ➤Backlog $220.7 million, up 49% from the previous year end
- ➤Q3 revenue $64.1 million, up 34.3% year over year
- ➤Adjusted EBITDA $15.1 million, up 96.9% from Q3 2025
- ➤FTG extinguished all commercial loans, ending Q3 with $3.9 million net cash
Expert Statements
Brad Bourne, President and CEO of Firan Technology Group Corporation
“Q3 2026 was an exceptional quarter for FTG”
Brad Bourne, President and CEO of Firan Technology Group Corporation
“We exceeded the record financial performances just set last quarter and we saw continued operational improvements at many Circuits and Aerospace sites.”
Brad Bourne, President and CEO of Firan Technology Group Corporation
“The many strategic initiatives in 2025 have positioned us well to capture significant value from the current industry tailwinds.”
Brad Bourne, President and CEO of Firan Technology Group Corporation
“As we celebrate our success, we continue to see robust end-market demand with record bookings and backlog and remain focused on delivering long-term value to our shareholders.”
TORONTO, Oct. 07, 2026 (GLOBE NEWSWIRE) -- Firan Technology Group Corporation (TSX: FTG) (OTCQX: FTGFF) today announced financial results for the third quarter of 2026.
Third Quarter Financial Highlights: * Bookings: $90.2 million, marking a 75% increase over Q3 2025 and a book-to-bill ratio of 1.41:1 * Backlog: The quarter-end backlog stood at $220.7 million, a 49% rise from the previous year end. * Revenue: $64.1 million in Q3 2026, a 34.3% increase over Q3 2025. * Adjusted EBITDA: $15.1 million in Q3 2026, a 96.9% increase from $7.7 million in Q3 2025; Adjusted EBITDA was $40.8 million for the trailing twelve months. * Net Earnings: $10.0 million in Q3 2026, an increase of $7.2 million from Q3 2025. * Free Cash Flow: Generated $7.1M in Q3 2026. * Net Cash: maintained a strong balance sheet with net cash of $3.9 million, including $8.9 million of government loans. Extinguished all commercial loans during Q3 2026 with cash generated from operations. Business Highlights:
Get started
Create a free account to read the full story.