FTC Solar, Inc. (FTCI)

FTC Solar Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	10.08	21.11	11.25	25.24	44.39	102.19
Cash & Short-Term Investments	10.08	21.11	11.25	25.24	44.39	102.19
Cash Growth	186.30%	87.65%	-55.43%	-43.15%	-56.56%	215.78%
Accounts Receivable	41.4	50.54	36.59	64.41	49.03	107.4
Other Receivables	7.27	5.2	3.12	0.87	0.03	0.15
Receivables	50.67	57.74	41.71	68.28	49.05	107.55
Inventory	9.99	9.63	10.14	3.91	14.95	8.86
Prepaid Expenses	1.59	1.45	1.44	1.7	3.71	2.57
Restricted Cash	1	-	-	-	-	-
Other Current Assets	10	7.85	11.59	9.39	6.6	14.62
Total Current Assets	83.32	97.77	76.13	108.51	118.69	235.78
Property, Plant & Equipment	5.29	4.78	3.37	3.64	2.86	3.32
Long-Term Investments	-	-	0.95	0.24	-	-
Goodwill	7.66	7.44	7.14	7.35	7.54	-
Other Intangible Assets	-	-	-	0.54	1.11	-
Other Long-Term Assets	1.8	1.82	2.34	2.79	4.2	3.93
Total Assets	98.06	111.81	89.93	123.07	134.4	243.02

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	11.44	13.25	13	7.98	15.8	39.26
Accrued Expenses	7.49	7.58	5.46	6.74	11.16	4.85
Short-Term Debt	-	12.68	-	-	-	-
Current Portion of Leases	0.53	0.4	0.76	0.74	0.42	0.45
Current Income Taxes Payable	0.57	0.63	0.33	0.09	0.44	0.05
Current Unearned Revenue	5.45	7.17	5.31	3.61	11.32	1.42
Other Current Liabilities	43.11	26.51	24.23	35.5	21.2	47.22
Total Current Liabilities	91.23	68.23	49.07	54.67	60.34	93.25
Long-Term Debt	-	9.92	9.47	-	-	-
Long-Term Leases	1.1	0.55	0.41	1.12	0.79	1.34
Long-Term Deferred Tax Liabilities	0.21	-	-	-	-	-
Other Long-Term Liabilities	35.87	76.07	11.94	4.81	6.82	5.57
Total Liabilities	128.41	154.77	70.89	60.6	67.95	100.15

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0	0	0	0	0.01	0.01
Additional Paid-In Capital	391.57	384.65	367.32	361.9	315.35	292.08
Retained Earnings	-421.84	-427.32	-347.74	-299.14	-248.85	-149.23
Comprehensive Income & Other	-0.07	-0.29	-0.54	-0.29	-0.06	0.01
Shareholders' Equity	-30.35	-42.96	19.04	62.47	66.45	142.87
Total Liabilities & Equity	98.06	111.81	89.93	123.07	134.4	243.02

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	24.27	23.56	10.63	1.86	1.2	1.79
Net Cash (Debt)	-14.19	-2.45	0.62	23.37	43.18	100.39
Net Cash Growth	-	-	-97.37%	-45.88%	-56.99%	234.75%
Net Cash Per Share	-0.92	-0.18	0.05	2.02	4.26	11.67
Filing Date Shares Outstanding	16.46	15.59	12.87	12.56	10.62	9.91
Total Common Shares Outstanding	16.46	15.54	12.85	12.54	10.5	9.26
Working Capital	-7.91	29.54	27.06	53.84	58.35	142.53
Book Value Per Share	-1.84	-2.76	1.48	4.98	6.33	15.43
Tangible Book Value	-38	-50.4	11.9	54.58	57.8	142.87
Tangible Book Value Per Share	-2.31	-3.24	0.93	4.35	5.50	15.43
Machinery	6.32	5.82	3.61	2.54	2.26	1.56
Leasehold Improvements	0.8	0.7	0.34	0.16	0.02	0.02

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 5, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 19, 2026

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