FTC Solar, Inc. (FTCI)

FTC Solar Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	5.91	11.25	25.24	44.39	102.19	32.36
Cash & Short-Term Investments	5.91	11.25	25.24	44.39	102.19	32.36
Cash Growth	-57.92%	-55.43%	-43.15%	-56.56%	215.78%	348.12%
Accounts Receivable	42.11	36.59	64.41	49.03	107.4	23.69
Other Receivables	2.13	3.12	0.87	0.03	0.15	0.05
Receivables	44.24	41.71	68.28	49.05	107.55	23.73
Inventory	6.83	10.14	3.91	14.95	8.86	1.69
Prepaid Expenses	1.23	1.44	1.7	3.71	2.57	1.04
Restricted Cash	-	-	-	-	-	1.01
Other Current Assets	12.89	11.59	9.39	6.6	14.62	5.88
Total Current Assets	71.1	76.13	108.51	118.69	235.78	65.72
Property, Plant & Equipment	2.91	3.37	3.64	2.86	3.32	0.88
Long-Term Investments	0.84	0.95	0.24	-	-	1.86
Goodwill	7.17	7.14	7.35	7.54	-	-
Other Intangible Assets	-	-	0.54	1.11	-	-
Other Long-Term Assets	2.04	2.34	2.79	4.2	3.93	2.94
Total Assets	84.06	89.93	123.07	134.4	243.02	71.39
Accounts Payable	14.64	13	7.98	15.8	39.26	17.13
Accrued Expenses	4.54	5.46	6.74	11.16	4.85	6.59
Short-Term Debt	-	-	-	-	-	1
Current Portion of Leases	0.62	0.76	0.74	0.42	0.45	0.23
Current Income Taxes Payable	0.41	0.33	0.09	0.44	0.05	0.08
Current Unearned Revenue	2.24	5.31	3.61	11.32	1.42	22.98
Other Current Liabilities	28.46	24.23	35.5	21.2	47.22	11.81
Total Current Liabilities	50.9	49.07	54.67	60.34	93.25	59.81
Long-Term Debt	10.17	9.47	-	-	-	0.78
Long-Term Leases	0.34	0.41	1.12	0.79	1.34	0.36
Other Long-Term Liabilities	7.12	11.94	4.81	6.82	5.57	2.99
Total Liabilities	68.53	70.89	60.6	67.95	100.15	63.94
Common Stock	0	0	0	0.01	0.01	0
Additional Paid-In Capital	367.6	367.32	361.9	315.35	292.08	50.1
Retained Earnings	-351.56	-347.74	-299.14	-248.85	-149.23	-42.64
Comprehensive Income & Other	-0.51	-0.54	-0.29	-0.06	0.01	-0
Shareholders' Equity	15.53	19.04	62.47	66.45	142.87	7.45
Total Liabilities & Equity	84.06	89.93	123.07	134.4	243.02	71.39
Total Debt	11.14	10.63	1.86	1.2	1.79	2.37
Net Cash (Debt)	-5.23	0.62	23.37	43.18	100.39	29.99
Net Cash Growth	-	-97.37%	-45.88%	-56.99%	234.75%	-
Net Cash Per Share	-0.41	0.05	2.02	4.26	11.67	4.36
Filing Date Shares Outstanding	13.07	12.87	12.56	10.62	9.91	5.63
Total Common Shares Outstanding	13.07	12.85	12.54	10.5	9.26	5.63
Working Capital	20.2	27.06	53.84	58.35	142.53	5.91
Book Value Per Share	1.19	1.48	4.98	6.33	15.43	1.32
Tangible Book Value	8.36	11.9	54.58	57.8	142.87	7.45
Tangible Book Value Per Share	0.64	0.93	4.35	5.50	15.43	1.32
Machinery	3.66	3.61	2.54	2.26	1.56	0.07
Leasehold Improvements	0.34	0.34	0.16	0.02	0.02	0.01

Updated Mar 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q