FTCI - NASDAQ

FTC Solar, Inc.

FTCI·NASDAQ

$5.39

+3.1%

EnergySolar

FTC Solar, Inc. provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites. Its customers include project developers; solar asset owners; and engineering, procurement, and construction contractors that design and build solar energy projects. FTC Solar, Inc. was incorporated in 2017 and is headquartered in Austin, Texas.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$86.27M

EPS-5.4900

P/E Ratio-0.98

Earnings Date08/04/2026

111.81M

Assets

24%

3Y-17.0%

5Y+57.0%

10Y+231.0%

152.11M

Total Liabilities

115%

3Y+124.0%

5Y+138.0%

10Y+260.0%

-40.30M

Total Equity

-312%

3Y-161.0%

5Y-641.0%

10Y+377.0%

FTC Solar, Inc. Funding & Solvency Profile

FTCI · NASDAQ

Current Assets

Cash & Cash Equivalents21.11M

Net Receivables55.74M

Inventory9.63M

Other Current Assets11.29M

Total Current Assets98 M

Non-Current Assets

Property, Plant & Equipment4.78M

Goodwill & Intangible Assets7.44M

Long-Term Investments0.00

Other Non-Current Assets1.82M

Total Non-Current Assets7 M

Total Assets

111.81M

Financial Health Analysis

Current Ratio

1.30x

Acceptable liquidity, but monitor closely. Current assets just barely cover current liabilities.

Working Capital

22 M

Positive working capital, but relatively tight. The company should monitor cash flow carefully.

Asset Composition

87% Current

Asset-light business model with high liquidity. Majority of assets are easily convertible to cash.

FTC Solar, Inc. Balance Sheet

FTCI • NASDAQ

FTC Solar, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	21.1M	11.2M	25.2M	44.4M	102.2M	33.4M	7.2M
Cash & Short-Term Investments	21.1M	11.2M	25.2M	44.4M	102.2M	33.4M	7.2M
Net Receivables	55.7M	39.7M	65.3M	49.1M	107.5M	23.7M	14M
Accounts Receivables	55.7M	20.7M	64.4M	34.2M	34.7M	23.7M	14M
Other Receivables	0.0	19.1M	871K	14.9M	72.8M	0.0	0.0
Inventory	9.6M	10.1M	3.9M	14.9M	8.9M	5.9M	4.5M
Prepaids	0.0	10.6M	7.9M	8.8M	15.7M	1M	1.9M
Other Current Assets	11.3M	4.4M	6.2M	1.5M	1.5M	684K	2.9M
Total Current Assets	97.8M	76.1M	108.5M	118.7M	235.8M	64.7M	30.6M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	4.8M	3.4M	3.6M	2.9M	3.3M	571K	43K
Goodwill	7.4M	7.1M	7.4M	7.5M	0.0	0.0	0.0
Intangible Assets	0.0	0.0	542K	1.1M	0.0	0.0	33K
Goodwill & Intangible Assets	7.4M	7.1M	7.9M	8.7M	0.0	0.0	33K
Long-Term Investments	0.0	954K	240K	0.0	0.0	1.9M	2.6M
Tax Assets	0.0	0.0	0.0	0.0	0.0	0.0	-43K
Other Non-Current Assets	1.8M	2.3M	2.8M	4.2M	3.9M	4.2M	579K
Total Non-Current Assets	14M	13.8M	14.6M	15.7M	7.2M	6.7M	3.2M
Total Assets	111.8M	89.9M	123.1M	134.4M	243M	71.4M	33.8M
LIABILITIES
CURRENT LIABILITIES
Total Payables	13.9M	13M	8.1M	16.7M	39.5M	17.1M	8.2M
Accounts Payable	13.2M	13M	8M	15.8M	39.3M	17.1M	8.2M
Other Payables	630K	0.0	88K	906K	219K	0.0	0.0
Accrued Expenses	0.0	0.0	3.9M	19.2M	46.9M	2.9M	177K
Short Term Debt	33.3M	0.0	0.0	0.0	0.0	1.2M	11K
Capital Lease Obligations (Current)	0.0	755K	740K	417K	452K	0.0	0.0
Tax Payables	0.0	325K	88K	906K	219K	0.0	0.0
Deferred Revenue	7.2M	5.3M	3.6M	11.3M	1.4M	23M	19.9M
Other Current Liabilities	21.1M	30M	38.4M	12.7M	5M	15.6M	5.5M
Total Current Liabilities	75.5M	49.1M	54.7M	60.3M	93.2M	59.8M	33.7M
NON-CURRENT LIABILITIES
Long Term Debt	0.0	9.5M	0.0	0.0	0.0	784K	7.8M
Deferred Tax Liabilities (Non-Current)	0.0	0.0	0.0	0.0	0.0	0.0	3K
Other Non-Current Liabilities	76.1M	11.9M	4.8M	6.8M	5.6M	3M	688K
Total Non-Current Liabilities	76.6M	21.8M	5.9M	7.6M	6.9M	4.1M	8.6M
Capital Lease Obligations	553K	1.2M	1.9M	1.2M	1.8M	355K	27K
Total Liabilities	152.1M	70.9M	60.6M	67.9M	100.2M	63.9M	42.3M
SHAREHOLDERS' EQUITY
Common Stock	2K	1K	13K	11K	9K	1K	1K
Additional Paid-In Capital	384.6M	0.0	361.9M	315.3M	292.1M	50.1M	18.3M
Retained Earnings	-424.7M	-347.7M	-299.1M	-248.8M	-149.2M	-42.6M	-26.7M
Accumulated Other Comprehensive Income/Loss	-290K	-542K	-293K	-61K	7K	-3K	0.0
Other Total Stockholders' Equity	0.0	367.3M	0.0	0.0	0.0	0.0	0.0
Total Stockholders' Equity	-40.3M	19M	62.5M	66.5M	142.9M	7.5M	-8.4M
Total Equity	-40.3M	19M	62.5M	66.5M	142.9M	7.5M	-8.4M
SUMMARY
Total Liabilities & Equity	111.8M	89.9M	123.1M	134.4M	243M	71.4M	33.8M
Total Investments	0.0	954K	240K	0.0	0.0	1.9M	2.6M
Total Debt	33.9M	10.6M	1.9M	1.2M	1.8M	2.4M	7.8M
Net Debt	12.8M	-615K	-23.4M	-43.2M	-100.4M	-31M	612K
Shares Outstanding	14,874,797	14,874,797	14,874,797	14,874,797	14,874,797	14,874,797	14,874,797

SEC Filings

FTCI - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 05, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 05, 2026	April 29, 2026	2026	View Filing
10-K/A 10-K/A 2025 FY (Amended) FY	April 28, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 24, 2026	March 23, 2026	2026	View Filing
10-K 10-K 2025 FY FY	March 24, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	March 05, 2026	March 05, 2026	2026	View Filing
8-K 8-K 2025 N/A	December 15, 2025	December 15, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 12, 2025	November 12, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 12, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	September 04, 2025	September 04, 2025	2025	View Filing

Showing 1 to 10 of 96 filings

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