FTC Solar, Inc.
FTC Solar, Inc.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 10 | 6 | 21 | 24 | 4 | 6 | 11 | 8 | 11 | 14 | 25 | 32 | |||||
Restricted Cash Current | - | - | - | - | - | - | - | - | - | 2 | - | - | |||||
Accounts Receivable Net Current | 49 | 56 | 56 | 49 | 46 | 44 | 40 | 37 | 42 | 66 | 65 | 71 | |||||
Inventory Net | 10 | 9 | 10 | 8 | 7 | 7 | 10 | 15 | 17 | 4 | 4 | 5 | |||||
Prepaid Expense And Other Assets Current | 14 | 12 | 11 | 15 | 14 | 14 | 15 | 16 | 15 | 14 | 14 | 13 | |||||
Assets Current | 83 | 84 | 98 | 97 | 70 | 71 | 76 | 76 | 84 | 100 | 109 | 121 | |||||
Operating Lease Right Of Use Asset | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | |||||
Property Plant And Equipment Net | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |||||
Goodwill | 8 | 8 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | 7 | |||||
Intangible Assets Net Excluding Goodwill | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 1 | 1 | |||||
Equity Method Investments | - | - | 0 | 2 | 0 | 1 | 1 | 1 | 2 | 1 | 0 | 1 | |||||
Other Assets Noncurrent | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 3 | 3 | |||||
Assets | 98 | 98 | 112 | 112 | 83 | 84 | 90 | 92 | 100 | 115 | 123 | 136 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 11 | 12 | 13 | 16 | 18 | 15 | 13 | 19 | 18 | 12 | 8 | 10 | |||||
Short Term Borrowings | 23 | 10 | 13 | - | - | - | 0 | - | - | - | - | - | |||||
Accrued Liabilities Current | 40 | 26 | 24 | 27 | 30 | 23 | 20 | 24 | 23 | 30 | 35 | 26 | |||||
Taxes Payable Current | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Contract With Customer Liability Current | 5 | 5 | 7 | 4 | 1 | 2 | 5 | 4 | 3 | 5 | 4 | 11 | |||||
Other Liabilities Current | 11 | 10 | 11 | 10 | 10 | 10 | 10 | 10 | 8 | 8 | 8 | 9 | |||||
Liabilities Current | 91 | 63 | 68 | 58 | 61 | 51 | 49 | 57 | 51 | 55 | 55 | 56 | |||||
Long Term Debt | 0 | 13 | 10 | 17 | 11 | 10 | 9 | - | - | - | 0 | - | |||||
Operating Lease Liability Noncurrent | 1 | 0 | 1 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | |||||
Deferred Income Tax Liabilities Net | 0 | 0 | - | - | - | - | - | - | - | - | - | - | |||||
Other Liabilities Noncurrent | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 5 | 5 | |||||
Liabilities | 128 | 104 | 155 | 125 | 74 | 69 | 71 | 61 | 56 | 60 | 61 | 62 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Treasury Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 392 | 389 | 385 | 378 | 376 | 368 | 367 | 366 | 365 | 364 | 362 | 363 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -0 | -0 | -0 | -0 | -0 | -1 | -1 | -0 | -0 | -0 | -0 | -1 | |||||
Retained Earnings Accumulated Deficit | -422 | -395 | -427 | -391 | -367 | -352 | -348 | -336 | -320 | -308 | -299 | -288 | |||||
Stockholders Equity | -30 | -6 | -43 | -14 | 9 | 16 | 19 | 30 | 44 | 55 | 62 | 74 | |||||
Liabilities And Stockholders Equity | 98 | 98 | 112 | 112 | 83 | 84 | 90 | 92 | 100 | 115 | 123 | 136 | |||||
Accounts And Financing Receivable Allowance For Cr… | - | 3 | 3 | 2 | 2 | 2 | 2 | 1 | 0 | 9 | 9 | - | |||||
Preferred Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Authorized | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Shares Authorized | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | 850 | |||||
Common Stock Shares Issued | 16 | 16 | 16 | 2 | 15 | 13 | 13 | 13 | 13 | 13 | 13 | 12 | |||||
Shares Outstanding | 16 | 16 | 16 | 15 | 15 | 13 | 13 | 13 | 13 | 13 | 13 | 12 | |||||
Treasury Stock Common Shares | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 11 | - | 11 | 1 | 1 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 59.42% | 38.84% | -14.20% | - | - | - | - | - | - | - | - | - |
| 2025 | 5.42% | 28.31% | 52.11% | 15.96% | 33.77% | 63.73% | -16.04% | 10.18% | -6.49% | -1.49% | 1.70% | -8.28% |
| 2024 | 11.16% | -24.25% | 2.15% | -6.32% | 154.94% | 161.26% | -29.89% | 33.19% | -12.53% | 10.80% | 21.95% | 48.43% |
| 2023 | - | - | - | -13.48% | -44.35% | -51.30% | 62.41% | 63.83% | 34.75% | 24.89% | 22.85% | 17.19% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.91 | 1.32 | 1.43 | 1.66 | 1.16 | 1.40 | 1.55 | 1.33 | 1.64 | 1.84 | 1.98 | 2.18 | |||||
| Quick Ratio | 0.65 | 0.98 | 1.13 | 1.27 | 0.81 | 0.99 | 1.04 | 0.80 | 1.02 | 1.51 | 1.66 | 1.85 | |||||
| Working Capital | -7.91M | 20.38M | 29.54M | 38.46M | 9.66M | 20.20M | 27.06M | 18.88M | 33.00M | 45.70M | 53.84M | 65.43M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | -4.23 | -16.91 | -3.60 | -9.12 | 8.17 | 4.41 | 3.72 | 2.02 | 1.27 | 1.09 | 0.97 | 0.84 | |||||
| Interest Coverage TTM | -2.61 | -3.24 | -4.32 | -11.84 | -30.16 | -48.05 | -79.44 | -100.86 | -87.25 | -99.38 | -200.70 | -203.11 | |||||
| Debt Ratio | 1.31 | 1.06 | 1.38 | 1.12 | 0.89 | 0.82 | 0.79 | 0.67 | 0.56 | 0.52 | 0.49 | 0.46 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 1.13 | 1.06 | 0.99 | 0.79 | 0.70 | 0.56 | 0.44 | 0.50 | 0.65 | 0.78 | 0.99 | 0.91 | |||||
| Days Sales Outstanding TTM | 168.24 | 191.00 | 174.75 | 197.35 | 248.02 | 363.28 | 404.61 | 345.95 | 261.05 | 236.11 | 164.29 | 174.48 | |||||
| Receivables Turnover TTM | 2.17 | 1.91 | 2.09 | 1.85 | 1.47 | 1.00 | 0.90 | 1.06 | 1.40 | 1.55 | 2.22 | 2.09 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -3.42 | -1.93 | -5.68 | -3.72 | -3.58 | -2.99 | -3.83 | -3.73 | -3.89 | -3.77 | -4.35 | -4.98 | |||||
| Free Cash Flow Per Share TTM | -1.51 | -2.51 | -2.47 | -2.32 | -1.69 | -2.53 | -2.87 | -2.04 | -3.11 | -4.57 | -4.63 | -4.38 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 2.96% | 1.39% | -0.88% | -12.01% | -24.18% | -25.07% | -26.59% | -14.06% | -0.49% | 4.22% | 6.54% | 4.38% | |||||
| Operating Profit Margin TTM | -38.26% | -38.40% | -35.53% | -53.97% | -78.68% | -91.57% | -111.56% | -89.16% | -67.43% | -51.55% | -39.98% | -45.30% | |||||
| Net Profit Margin TTM | -53.61% | -44.89% | -79.83% | -69.25% | -73.04% | -78.56% | -102.64% | -82.90% | -63.17% | -47.92% | -39.60% | -45.85% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 59.53% | 73.02% | 110.51% | 39.53% | -17.53% | -43.69% | -62.71% | -55.89% | -32.99% | -13.73% | 3.20% | -34.52% | |||||
| Net Income Growth (1Y) | 17.10% | -1.13% | 63.72% | 16.56% | -4.65% | -7.71% | -3.35% | -20.24% | -28.09% | -43.41% | -49.51% | -42.12% | |||||
| EPS Growth (1Y) | -4.43% | -18.15% | 48.10% | -0.35% | -8.15% | -10.08% | -11.90% | -24.99% | -35.78% | -51.87% | -55.69% | -50.64% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -1.49 | -1.36 | -1.92 | -1.90 | -1.27 | -0.85 | -1.44 | -1.82 | -0.91 | -1.43 | -1.59 | -2.57 | |||||
| P/B TTM | -2.69 | -9.57 | -3.56 | -7.65 | 6.56 | 2.38 | 3.67 | 2.85 | 1.01 | 1.23 | 1.28 | 2.07 | |||||
| P/S TTM | 0.80 | 0.61 | 1.53 | 1.31 | 0.93 | 0.67 | 1.47 | 1.51 | 0.57 | 0.69 | 0.63 | 1.18 | |||||
| Market Cap | 81.53M | 58.85M | 152.87M | 105.04M | 59.34M | 36.99M | 69.84M | 86.75M | 44.54M | 67.68M | 80.07M | 153.34M | |||||
| Enterprise Value | 93.09M | 75.81M | 154.37M | 97.32M | 66.71M | 41.25M | 68.06M | 78.49M | 33.76M | 51.74M | 54.84M | 121.82M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | -24.31M | -39.06M | -34.57M | -34.62M | -22.14M | -32.62M | -36.34M | -25.99M | -39.23M | -57.42M | -53.47M | -52.44M | |||||
| Net Debt | 11.57M | 16.96M | 1.50M | -7.72M | 7.38M | 4.26M | -1.78M | -8.26M | -10.78M | -15.94M | -25.24M | -31.52M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
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| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
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| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
FTC Solar, Inc. (FTCI) — SEC Financial Statements & Analysis
FTC Solar, Inc. (FTCI) is a semiconductors & related devices company, incorporated in DE. FTC Solar, Inc. trades on Nasdaq as: FTCI. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), FTC Solar, Inc. reported a 59.53% year-over-year revenue growth, a Gross Profit Margin of 2.96% (TTM), a Debt-to-Equity ratio of -4.23x, a Price-to-Sales (P/S) ratio of 0.80x (TTM), a Price-to-Book (P/B) ratio of -2.69x (TTM), at a market cap of $81.53M. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 59.53%
- Gross Profit Margin TTM
- 2.96%
- Debt To Equity
- -4.23x
- P/S TTM
- 0.80x
- P/B TTM
- -2.69x
- Market Cap
- $81.53M
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is FTC Solar, Inc. in?
FTC Solar, Inc. (FTCI) operates in the Semiconductors & Related Devices industry.
What is FTCI's market cap?
FTC Solar, Inc. (FTCI) has a market capitalization of $81.53M as of 2026-06-30.
What exchange does FTCI trade on?
FTC Solar, Inc. (FTCI) trades on the Nasdaq.
Where is FTC Solar, Inc. incorporated?
FTC Solar, Inc. is incorporated in DE.