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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	5.08	21.11	11.25	25.24	44.39	102.19
Cash & Short-Term Investments	5.08	21.11	11.25	25.24	44.39	102.19
Cash Growth	-79.17%	87.65%	-55.43%	-43.15%	-56.56%	215.78%
Accounts Receivable	50.38	50.54	36.59	64.41	49.03	107.4
Other Receivables	7.35	5.2	3.12	0.87	0.03	0.15
Receivables	59.73	57.74	41.71	68.28	49.05	107.55
Inventory	8.14	9.63	10.14	3.91	14.95	8.86
Prepaid Expenses	1.82	1.45	1.44	1.7	3.71	2.57
Restricted Cash	11.61	-	-	-	-	-
Other Current Assets	17.21	7.85	11.59	9.39	6.6	14.62
Total Current Assets	103.58	97.77	76.13	108.51	118.69	235.78
Property, Plant & Equipment	5.49	4.78	3.37	3.64	2.86	3.32
Long-Term Investments	-	-	0.95	0.24	-	-
Goodwill	7.75	7.44	7.14	7.35	7.54	-
Other Intangible Assets	-	-	-	0.54	1.11	-
Other Long-Term Assets	2.23	1.82	2.34	2.79	4.2	3.93
Total Assets	119.04	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	16.16	13.25	13	7.98	15.8	39.26
Accrued Expenses	8.44	7.58	5.46	6.74	11.16	4.85
Short-Term Debt	-	12.68	-	-	-	-
Current Portion of Leases	0.66	0.4	0.76	0.74	0.42	0.45
Current Income Taxes Payable	0.75	0.63	0.33	0.09	0.44	0.05
Current Unearned Revenue	8.67	7.17	5.31	3.61	11.32	1.42
Other Current Liabilities	61.02	26.51	24.23	35.5	21.2	47.22
Total Current Liabilities	120.48	68.23	49.07	54.67	60.34	93.25
Long-Term Debt	-	9.92	9.47	-	-	-
Long-Term Leases	1.28	0.55	0.41	1.12	0.79	1.34
Long-Term Deferred Tax Liabilities	0.23	-	-	-	-	-
Other Long-Term Liabilities	14.47	76.07	11.94	4.81	6.82	5.57
Total Liabilities	136.46	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	Sep 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	397.69	384.65	367.32	361.9	315.35	292.08
Retained Earnings	-415.14	-427.32	-347.74	-299.14	-248.85	-149.23
Comprehensive Income & Other	0.04	-0.29	-0.54	-0.29	-0.06	0.01
Shareholders' Equity	-17.42	-42.96	19.04	62.47	66.45	142.87
Total Liabilities & Equity	119.04	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	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	26.72	23.56	10.63	1.86	1.2	1.79
Net Cash (Debt)	-21.64	-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	-1.35	-0.18	0.05	2.02	4.26	11.67
Filing Date Shares Outstanding	18.29	15.59	12.87	12.56	10.62	9.91
Total Common Shares Outstanding	18.15	15.54	12.85	12.54	10.5	9.26
Working Capital	-16.91	29.54	27.06	53.84	58.35	142.53
Book Value Per Share	-0.96	-2.76	1.48	4.98	6.33	15.43
Tangible Book Value	-25.16	-50.4	11.9	54.58	57.8	142.87
Tangible Book Value Per Share	-1.39	-3.24	0.93	4.35	5.50	15.43
Machinery	6.44	5.82	3.61	2.54	2.26	1.56
Leasehold Improvements	1.02	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: Nov 4, 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:

Nov 10, 2026

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