FTC Solar Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	24.37	11.25	25.24	44.39	102.19	32.36
Cash & Short-Term Investments	24.37	11.25	25.24	44.39	102.19	32.36
Cash Growth	195.20%	-55.43%	-43.15%	-56.56%	215.78%	348.12%
Accounts Receivable	49.19	39.71	65.28	49.05	107.55	23.73
Inventory	7.66	10.14	3.91	14.95	8.86	1.69
Other Current Assets	15.37	15.03	14.09	10.3	17.19	7.94
Total Current Assets	96.59	76.13	108.51	118.69	235.78	65.72
Net Property, Plant & Equipment	3.26	3.37	3.64	2.86	3.32	0.88
Other Intangible Assets	-	-	0.54	1.11	-	-
Goodwill	7.31	7.14	7.35	7.54	-	-
Long-Term Investments	2.3	0.95	0.24	-	-	1.86
Other Long-Term Assets	2.07	2.34	2.79	4.2	3.93	2.94
Total Assets	111.53	89.93	123.07	134.4	243.02	71.39
Accounts Payable	16.31	13	7.98	15.8	39.26	17.13
Accrued Expenses	27.3	20.46	34.94	24.34	47.91	13.84
Short-Term Debt	-	-	-	-	-	1
Unearned Revenue	4.41	5.31	3.61	11.32	1.42	22.98
Other Current Liabilities	10.11	10.31	8.14	8.88	4.66	4.86
Total Current Liabilities	58.13	49.07	54.67	60.34	93.25	59.81
Long-Term Debt	16.65	9.47	-	-	-	0.78
Long-Term Leases	0.58	0.41	1.12	0.79	1.34	0.36
Other Long-Term Liabilities	49.89	11.94	4.81	6.82	5.57	2.99
Total Long-Term Liabilities	67.12	21.82	5.93	7.61	6.91	4.13
Total Liabilities	125.26	70.89	60.6	67.95	100.15	63.94
Common Stock	0	0	0	0.01	0.01	0
Additional Paid-in Capital	377.59	367.32	361.9	315.35	292.08	50.1
Accumulated Other Comprehensive Income	-0.4	-0.54	-0.29	-0.06	0.01	-0
Retained Earnings	-390.93	-347.74	-299.14	-248.85	-149.23	-42.64
Shareholders' Equity	-13.73	19.04	62.47	66.45	142.87	7.45
Total Liabilities & Equity	111.53	89.93	123.07	134.4	243.02	71.39
Total Debt	17.23	9.88	1.12	0.79	1.34	2.14
Net Cash (Debt)	7.14	1.37	24.11	43.6	100.85	30.22
Net Cash Growth	421.02%	-94.32%	-44.70%	-56.77%	233.70%	-
Net Cash Per Share	0.52	0.11	2.09	4.30	11.72	4.39
Book Value	-13.73	19.04	62.47	66.45	142.87	7.45
Book Value Per Share	-0.99	1.50	5.41	6.55	16.60	1.08
Tangible Book Value	-21.04	11.9	54.58	57.8	142.87	7.45
Tangible Book Value Per Share	-1.52	0.94	4.72	5.70	16.60	1.08

Updated Nov 12, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q