FTC Solar, Inc. (FTCI) quarterly balance sheet — complete assets, liabilities & equity history
FTC Solar, Inc. (FTCI) balance sheet — 7-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Total Current Assets | 103.58M | 83.32M | 83.82M | 97.77M | 96.59M | 70.3M | 71.1M | 76.13M | 76.23M | 84.32M | 100.23M | 108.51M | 121.02M | 119.87M | 120.9M | 118.69M | 132.51M | 169.38M | 204.29M | 235.78M |
| Cash & Short-Term Investments | 5.08M | 10.07M | 5.64M | 21.11M | 24.37M | 3.52M | 5.91M | 11.25M | 8.26M | 10.78M | 14.04M | 25.23M | 31.52M | 33.82M | 41.49M | 44.38M | 49.82M | 66.03M | 49.38M | 102.19M |
| Cash Only | 5.08M | 10.07M | 5.64M | 21.11M | 24.37M | 3.52M | 5.91M | 11.25M | 8.26M | 10.78M | 14.04M | 25.23M | 31.52M | 33.82M | 41.49M | 44.38M | 49.82M | 66.03M | 49.38M | 102.19M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Receivable | 57.73M | 48.67M | 56.39M | 55.74M | 49.19M | 45.65M | 44.24M | 39.71M | 37.34M | 41.51M | 66.38M | 65.28M | 71.38M | 69.73M | 61.31M | 49.05M | 52.93M | 76M | 132.23M | 107.55M |
| Days Sales Outstanding | 149.16 | 182.75 | 292.26 | 146.89 | 167.6 | 204.56 | 181.59 | 268.48 | 357.87 | 429.48 | 475.92 | 270.94 | 212.48 | 184.25 | 121.44 | 178.91 | 357.89 | 308.41 | 217.75 | 72.9 |
| Inventory | 8.14M | 9.99M | 9.43M | 9.63M | 7.66M | 7.32M | 6.83M | 10.14M | 15.12M | 17.06M | 3.84M | 3.9M | 10.03M | 10.68M | 8.61M | 14.95M | 23.48M | 20.25M | 19.62M | 8.86M |
| Days Inventory Outstanding | 26.98 | 31.11 | 46.36 | 30.62 | 28.18 | 26.91 | 31.49 | 68.22 | 102.51 | 69.06 | 23.99 | 28.47 | 35.05 | 29.1 | 27.28 | 62.83 | 77.11 | 48.72 | 21.78 | 8.4 |
| Other Current Assets | 32.63M | 1M | 3.27M | 3.46M | 3.79M | 3.99M | 4.2M | 4.4M | 6.09M | 4.83M | 7.39M | 6.2M | 5.68M | 1.59M | 1.27M | 1.51M | 1.47M | 1.38M | 1.46M | 1.52M |
| Total Non-Current Assets | 15.47M | 14.74M | 14.03M | 14.04M | 14.93M | 12.66M | 12.96M | 13.8M | 15.47M | 16.03M | 14.8M | 14.56M | 15.24M | 17.57M | 18.14M | 15.71M | 15.97M | 16.12M | 7.11M | 7.24M |
| Property, Plant & Equipment | 5.49M | 5.29M | 4.59M | 4.78M | 3.25M | 2.86M | 2.91M | 3.37M | 4.13M | 4.37M | 3.63M | 3.64M | 3.69M | 3.73M | 3.96M | 2.86M | 3.13M | 2.94M | 3.19M | 3.31M |
| Fixed Asset Turnover | 6.09x | 5.30x | 3.69x | 8.18x | 8.51x | 6.93x | 6.63x | 3.52x | 2.38x | 2.86x | 3.46x | 6.33x | 8.24x | 8.42x | 12.00x | 8.76x | 5.46x | 10.02x | 15.24x | 30.69x |
| Goodwill | 7.75M | 7.66M | 7.53M | 7.44M | 7.31M | 7.27M | 7.17M | 7.14M | 7.42M | 7.17M | 7.21M | 7.35M | 7.14M | 7.17M | 7.56M | 7.54M | 7.33M | 7.49M | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 137K | 264K | 399K | 542K | 657K | 792K | 977K | 1.11M | 1.22M | 1.43M | 0 | 0 |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 391K | 842K | 954K | 1.27M | 1.53M | 1.01M | 240K | 564K | 900K | 900K | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 2.23M | 1.8M | 1.91M | 1.82M | 4.37M | 2.14M | 2.04M | 2.34M | 2.51M | 2.7M | 2.55M | 2.79M | 3.19M | 4.98M | 4.74M | 4.2M | 4.3M | 4.25M | 3.93M | 3.93M |
| Total Assets | 119.04M | 98.06M | 97.85M | 111.81M | 111.53M | 82.95M | 84.06M | 89.93M | 91.69M | 100.35M | 115.03M | 123.07M | 136.26M | 137.44M | 139.04M | 134.4M | 148.48M | 185.5M | 211.41M | 243.02M |
| Asset Turnover | 0.30x | 0.27x | 0.16x | 0.29x | 0.27x | 0.24x | 0.24x | 0.15x | 0.11x | 0.11x | 0.11x | 0.18x | 0.22x | 0.23x | 0.30x | 0.19x | 0.10x | 0.15x | 0.22x | 0.43x |
| Asset Growth % | 6.74% | 18.21% | 16.4% | 24.34% | 21.63% | -17.33% | -26.92% | -26.93% | -32.71% | -26.98% | -17.27% | -8.43% | -8.23% | -25.91% | -34.23% | -44.7% | -36.93% | -22.92% | 191.79% | 240.4% |
| Total Current Liabilities | 120.48M | 91.23M | 63.45M | 75.49M | 58.13M | 60.63M | 50.9M | 49.07M | 57.35M | 51.32M | 54.53M | 54.66M | 55.59M | 50.92M | 63.04M | 60.34M | 61.48M | 78.89M | 84.46M | 93.25M |
| Accounts Payable | 16.16M | 11.44M | 11.62M | 13.25M | 16.31M | 17.87M | 14.64M | 12.99M | 18.74M | 17.58M | 12.06M | 7.98M | 9.78M | 27.05M | 23.7M | 15.8M | 26.95M | 34.92M | 46.1M | 39.26M |
| Days Payables Outstanding | 41.07 | 36.94 | 60.5 | 52.38 | 64.34 | 61.85 | 51.27 | 85.68 | 115.69 | 97.91 | 62.04 | 36.3 | 62.36 | 76.57 | 45.75 | 69.89 | 109.09 | 99.01 | 65.29 | 23.28 |
| Short-Term Debt | 24.78M | 22.64M | 9.71M | 22.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 742K | 799K | 0 | 0 | 440K | 444K | 451K | 0 |
| Deferred Revenue (Current) | 8.67M | 5.45M | 4.83M | 7.17M | 4.41M | 1.49M | 2.24M | 5.31M | 4.44M | 2.6M | 4.9M | 3.61M | 11.18M | 2.51M | 8.64M | 11.32M | 4.91M | 6.88M | 3.1M | 1.42M |
| Other Current Liabilities | 70.12M | 10.79M | 11.7M | 31.84M | 12.85M | 12.56M | 12.12M | 13.17M | 12.64M | 10.7M | 10.64M | 38.39M | 31.96M | 20.01M | 11.13M | 12.69M | 22.73M | 30.89M | 29.91M | 5.01M |
| Current Ratio | 0.86x | 0.91x | 1.32x | 1.30x | 1.66x | 1.16x | 1.40x | 1.55x | 1.33x | 1.64x | 1.84x | 1.98x | 2.18x | 2.35x | 1.92x | 1.97x | 2.16x | 2.15x | 2.42x | 2.53x |
| Quick Ratio | 0.79x | 0.80x | 1.17x | 1.17x | 1.53x | 1.04x | 1.26x | 1.34x | 1.07x | 1.31x | 1.77x | 1.91x | 2.00x | 2.14x | 1.78x | 1.72x | 1.77x | 1.89x | 2.19x | 2.43x |
| Cash Conversion Cycle | 135.07 | 176.92 | 278.12 | 125.14 | 131.44 | 169.63 | 161.81 | 251.02 | 344.69 | 400.63 | 437.87 | 263.11 | 185.17 | 136.77 | 102.97 | 171.86 | 325.91 | 258.12 | 174.24 | 58.02 |
| Total Non-Current Liabilities | 15.98M | 37.18M | 40.55M | 76.62M | 67.12M | 13.28M | 17.64M | 21.82M | 3.94M | 4.79M | 5.34M | 5.93M | 6.6M | 7.12M | 7.75M | 7.61M | 5.47M | 6.61M | 6.78M | 6.91M |
| Long-Term Debt | 1.28M | 0 | 12.89M | 553K | 16.65M | 10.89M | 10.17M | 9.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 0 | 1.1M | 436K | 0 | 583K | 436K | 344K | 411K | 883K | 1.11M | 934K | 1.12M | 1.31M | 1.5M | 1.68M | 786K | 996K | 1.09M | 1.19M | 1.34M |
| Deferred Tax Liabilities | 229K | 207K | 178K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 14.47M | 35.87M | 27.05M | 76.07M | 49.89M | 1.95M | 7.12M | 11.94M | 3.06M | 3.68M | 4.41M | 4.81M | 5.29M | 5.62M | 6.07M | 6.82M | 4.48M | 5.51M | 5.59M | 5.57M |
| Total Liabilities | 136.46M | 128.41M | 104M | 152.11M | 125.26M | 73.91M | 68.53M | 70.89M | 61.28M | 56.11M | 59.87M | 60.6M | 62.19M | 58.04M | 70.8M | 67.95M | 66.95M | 85.5M | 91.24M | 100.15M |
| Total Debt | 26.06M | 24.27M | 23.42M | 23.16M | 17.66M | 11.82M | 11.14M | 10.63M | 1.75M | 1.96M | 1.68M | 1.86M | 2.05M | 2.3M | 2.47M | 1.2M | 1.44M | 1.54M | 1.64M | 1.79M |
| Net Debt | 20.98M | 14.19M | 17.78M | 2.05M | -6.71M | 8.3M | 5.23M | -615K | -6.5M | -8.81M | -12.37M | -23.37M | -29.47M | -31.52M | -39.03M | -43.18M | -48.38M | -64.49M | -47.74M | -100.39M |
| Debt / Equity | - | - | - | - | - | 1.31x | 0.72x | 0.56x | 0.06x | 0.04x | 0.03x | 0.03x | 0.03x | 0.03x | 0.04x | 0.02x | 0.02x | 0.02x | 0.01x | 0.01x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Interest Coverage | 2.61x | -1.13x | 9.42x | -7.13x | -11.02x | -20.05x | -6.01x | -58.15x | -1079.64x | -104.07x | -63.57x | -197.14x | -154.29x | -375.29x | -199.53x | -210.26x | -98.57x | -58.94x | -92.96x | -78.77x |
| Total Equity | -17.41M | -30.35M | -6.15M | -40.3M | -13.73M | 9.04M | 15.53M | 19.04M | 30.41M | 44.24M | 55.16M | 62.47M | 74.07M | 79.39M | 68.24M | 66.45M | 81.53M | 100M | 120.17M | 142.87M |
| Equity Growth % | -26.82% | -435.61% | -139.6% | -311.71% | -145.16% | -79.56% | -71.85% | -69.53% | -58.95% | -44.28% | -19.17% | -5.99% | -9.14% | -20.61% | -43.21% | -53.49% | -50.09% | -44.68% | 24127.42% | 1817.41% |
| Book Value per Share | -0.74 | -1.89 | -0.41 | -2.66 | -0.92 | 0.69 | 1.06 | 1.49 | 2.39 | 3.51 | 4.39 | 4.99 | 6.18 | 7.05 | 6.39 | 6.40 | 7.98 | 9.97 | 12.11 | 14.88 |
| Total Shareholders' Equity | -17.41M | -30.35M | -6.15M | -40.3M | -13.73M | 9.04M | 15.53M | 19.04M | 30.41M | 44.24M | 55.16M | 62.47M | 74.07M | 79.39M | 68.24M | 66.45M | 81.53M | 100M | 120.17M | 142.87M |
| Common Stock | 2K | 2K | 2K | 2K | 1K | 1K | 1K | 1K | 13K | 13K | 13K | 13K | 12K | 12K | 11K | 11K | 10K | 10K | 10K | 9K |
| Retained Earnings | -415.14M | -421.84M | -394.72M | -424.66M | -390.93M | -366.99M | -351.56M | -347.74M | -335.51M | -320.15M | -307.91M | -299.13M | -287.96M | -271.02M | -260.61M | -248.84M | -228.34M | -202.71M | -177.03M | -149.23M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 38K | -72K | -191K | -290K | -396K | -433K | -514K | -542K | -231K | -438K | -474K | -293K | -512K | -474K | -66K | -61K | -350K | 124K | 64K | 7K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |