FTC Solar Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	5.64	21.11	11.25	25.24	44.39	102.19
Cash & Short-Term Investments	5.64	21.11	11.25	25.24	44.39	102.19
Cash Growth	-4.57%	87.65%	-55.43%	-43.15%	-56.56%	215.78%
Accounts Receivable	56.39	55.74	39.71	65.28	49.05	107.55
Inventory	9.43	9.63	10.14	3.91	14.95	8.86
Other Current Assets	12.37	11.29	15.03	14.09	10.3	17.19
Total Current Assets	83.82	97.77	76.13	108.51	118.69	235.78
Net Property, Plant & Equipment	4.59	4.78	3.37	3.64	2.86	3.32
Other Intangible Assets	-	-	-	0.54	1.11	-
Goodwill	7.53	7.44	7.14	7.35	7.54	-
Long-Term Investments	-	-	0.95	0.24	-	-
Other Long-Term Assets	1.91	1.82	2.34	2.79	4.2	3.93
Total Assets	97.85	111.81	89.93	123.07	134.4	243.02
Accounts Payable	11.62	13.25	13	7.98	15.8	39.26
Accrued Expenses	26.89	24.4	20.46	34.94	24.34	47.91
Short-Term Debt	9.71	12.68	-	-	-	-
Unearned Revenue	4.83	7.17	5.31	3.61	11.32	1.42
Other Current Liabilities	10.4	10.73	10.31	8.14	8.88	4.66
Total Current Liabilities	63.45	68.23	49.07	54.67	60.34	93.25
Long-Term Debt	12.89	9.92	9.47	-	-	-
Long-Term Leases	0.44	0.55	0.41	1.12	0.79	1.34
Other Long-Term Liabilities	27.23	76.07	11.94	4.81	6.82	5.57
Total Long-Term Liabilities	40.55	86.55	21.82	5.93	7.61	6.91
Total Liabilities	104	154.77	70.89	60.6	67.95	100.15
Common Stock	0	0	0	0	0.01	0.01
Additional Paid-in Capital	388.76	384.65	367.32	361.9	315.35	292.08
Accumulated Other Comprehensive Income	-0.19	-0.29	-0.54	-0.29	-0.06	0.01
Retained Earnings	-394.72	-427.32	-347.74	-299.14	-248.85	-149.23
Shareholders' Equity	-6.15	-42.96	19.04	62.47	66.45	142.87
Total Liabilities & Equity	97.85	111.81	89.93	123.07	134.4	243.02
Total Debt	23.03	23.16	9.88	1.12	0.79	1.34
Net Cash (Debt)	-17.4	-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	-1.06	-0.15	0.11	2.09	4.30	11.72
Book Value	-6.15	-42.96	19.04	62.47	66.45	142.87
Book Value Per Share	-0.38	-3.07	1.50	5.41	6.55	16.60
Tangible Book Value	-13.68	-50.4	11.9	54.58	57.8	142.87
Tangible Book Value Per Share	-0.83	-3.60	0.94	4.72	5.70	16.60

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

SEC Filings: 10-K · 10-Q