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	Jun '25 Jun 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	3.52	11.25	25.24	44.39	102.19	32.36
Cash & Short-Term Investments	3.52	11.25	25.24	44.39	102.19	32.36
Cash Growth	-67.35%	-55.43%	-43.15%	-56.56%	215.78%	-
Accounts Receivable	45.65	39.71	65.28	49.05	107.55	23.73
Inventory	7.32	10.14	3.91	14.95	8.86	1.69
Other Current Assets	13.81	15.03	14.09	10.3	17.19	7.94
Total Current Assets	70.3	76.13	108.51	118.69	235.78	65.72
Net Property, Plant & Equipment	2.86	3.37	3.64	2.86	3.32	0.88
Other Intangible Assets	-	-	0.54	1.11	-	-
Goodwill	7.27	7.14	7.35	7.54	-	-
Long-Term Investments	0.39	0.95	0.24	-	-	1.86
Other Long-Term Assets	2.14	2.34	2.79	4.2	3.93	2.94
Total Assets	82.96	89.93	123.07	134.4	243.02	71.39
Accounts Payable	17.87	13	7.98	15.8	39.26	17.13
Accrued Expenses	30.41	20.13	34.85	23.9	47.86	13.76
Short-Term Debt	-	-	-	-	-	1
Unearned Revenue	1.49	5.31	3.61	11.32	1.42	22.98
Other Current Liabilities	10.86	10.64	8.23	9.33	4.7	4.94
Total Current Liabilities	60.63	49.07	54.67	60.34	93.25	59.81
Long-Term Debt	10.9	9.47	-	-	-	0.78
Long-Term Leases	0.44	0.41	1.12	0.79	1.34	0.36
Other Long-Term Liabilities	1.95	11.94	4.81	6.82	5.57	2.99
Total Long-Term Liabilities	13.28	21.82	5.93	7.61	6.91	4.13
Total Liabilities	73.91	70.89	60.6	67.95	100.15	63.94
Common Stock	0	0	0	0.01	0.01	0
Additional Paid-in Capital	376.46	367.32	361.9	315.35	292.08	50.1
Accumulated Other Comprehensive Income	-0.43	-0.54	-0.29	-0.06	0.01	-0
Retained Earnings	-366.99	-347.74	-299.14	-248.85	-149.23	-42.64
Shareholders' Equity	9.04	19.04	62.47	66.45	142.87	7.45
Total Liabilities & Equity	82.96	89.93	123.07	134.4	243.02	71.39
Total Debt	11.33	9.88	1.12	0.79	1.34	2.14
Net Cash (Debt)	-7.81	1.37	24.11	43.6	100.85	30.22
Net Cash Growth	-	-94.32%	-44.70%	-56.77%	233.70%	-
Net Cash Per Share	-0.59	0.11	2.09	4.30	11.72	4.39
Book Value	9.04	19.04	62.47	66.45	142.87	7.45
Book Value Per Share	0.68	1.50	5.41	6.55	16.60	1.08
Tangible Book Value	1.77	11.9	54.58	57.8	142.87	7.45
Tangible Book Value Per Share	0.13	0.94	4.72	5.70	16.60	1.08

Updated Aug 5, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q