FTC Solar Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	21.11	11.25	25.24	44.39	102.19
Cash & Short-Term Investments	21.11	11.25	25.24	44.39	102.19
Cash Growth	87.65%	-55.43%	-43.15%	-56.56%	215.78%
Accounts Receivable	55.74	39.71	65.28	49.05	107.55
Inventory	9.63	10.14	3.91	14.95	8.86
Other Current Assets	11.29	15.03	14.09	10.3	17.19
Total Current Assets	97.77	76.13	108.51	118.69	235.78
Net Property, Plant & Equipment	4.78	3.37	3.64	2.86	3.32
Other Intangible Assets	-	-	0.54	1.11	-
Goodwill	7.44	7.14	7.35	7.54	-
Long-Term Investments	-	0.95	0.24	-	-
Other Long-Term Assets	1.82	2.34	2.79	4.2	3.93
Total Assets	111.81	89.93	123.07	134.4	243.02
Accounts Payable	13.25	13	7.98	15.8	39.26
Accrued Expenses	21.74	20.46	34.94	24.34	47.91
Short-Term Debt	22.6	-	-	-	-
Unearned Revenue	7.17	5.31	3.61	11.32	1.42
Other Current Liabilities	10.73	10.31	8.14	8.88	4.66
Total Current Liabilities	75.49	49.07	54.67	60.34	93.25
Long-Term Debt	-	9.47	-	-	-
Long-Term Leases	0.55	0.41	1.12	0.79	1.34
Other Long-Term Liabilities	76.07	11.94	4.81	6.82	5.57
Total Long-Term Liabilities	76.62	21.82	5.93	7.61	6.91
Total Liabilities	152.11	70.89	60.6	67.95	100.15
Common Stock	0	0	0	0.01	0.01
Additional Paid-in Capital	384.65	367.32	361.9	315.35	292.08
Accumulated Other Comprehensive Income	-0.29	-0.54	-0.29	-0.06	0.01
Retained Earnings	-424.66	-347.74	-299.14	-248.85	-149.23
Shareholders' Equity	-40.3	19.04	62.47	66.45	142.87
Total Liabilities & Equity	111.81	89.93	123.07	134.4	243.02
Total Debt	23.16	9.88	1.12	0.79	1.34
Net Cash (Debt)	-2.05	1.37	24.11	43.6	100.85
Net Cash Growth	-	-94.32%	-44.70%	-56.77%	233.70%
Net Cash Per Share	-0.15	0.11	2.09	4.30	11.72
Book Value	-40.3	19.04	62.47	66.45	142.87
Book Value Per Share	-2.88	1.50	5.41	6.55	16.60
Tangible Book Value	-47.75	11.9	54.58	57.8	142.87
Tangible Book Value Per Share	-3.41	0.94	4.72	5.70	16.60

Updated Mar 5, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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