FTC Solar, Inc. (FTCI)

FTC Solar Balance Sheet

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

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