FTC Solar, Inc. (FTCI) quarterly cash flow statement — complete operating, investing & financing history
FTC Solar, Inc. (FTCI) cash flow statement — 7-year operating, investing & financing cash flows
| 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 |
|---|
| Cash from Operations | 5.55M | 8.29M | -12.77M | -8.03M | -14.64M | -2.3M | -8.48M | -16.69M | -2.37M | -3.78M | -11.86M | -6.27M | -15.57M | -22.49M | -8.32M | -5.42M | -12.69M | 16.71M | -53.11M | -40.44M |
| Operating CF Margin % | 16.93% | 31.71% | -73.98% | -24.43% | -56.23% | -11.49% | -40.78% | -126.43% | -23.41% | -33.05% | -94.2% | -27.04% | -50.98% | -69.51% | -20.34% | -20.69% | -76.56% | 54.39% | -107.17% | -39.76% |
| Operating CF Growth % | 137.95% | 461.08% | -50.56% | 51.9% | -516.77% | 39.2% | 28.46% | -166.08% | 84.76% | 83.2% | -42.58% | -15.63% | -22.76% | -234.62% | 84.34% | 86.59% | -56.26% | 128.61% | -105.01% | -386.26% |
| Net Income | 6.7M | -27.12M | 32.6M | -33.73M | -23.94M | -15.43M | -3.82M | -12.23M | -15.36M | -12.24M | -8.77M | -11.18M | -16.94M | -10.41M | -11.76M | -20.5M | -25.64M | -25.68M | -27.79M | -23.88M |
| Depreciation & Amortization | 710K | 430K | 365K | 378K | 290K | 305K | 302K | 442K | 417K | 408K | 404K | 371K | 338K | 332K | 334K | 318K | 317K | 144K | 121K | -151K |
| Stock-Based Compensation | 2.1M | 2.17M | 3.34M | 2.62M | 1.13M | 936K | 280K | 1.17M | 1.32M | 1.28M | 1.64M | -749K | 1.19M | 2.96M | 4.89M | 0 | 5.54M | 998K | 4.61M | 3.23M |
| Deferred Taxes | 22K | 29K | 178K | -204K | 0 | -1K | 426K | -137K | -3K | -2K | 225K | -83K | 37K | -32K | 216K | 196K | -331K | 0 | 0 | 0 |
| Other Non-Cash Items | -14.02M | 13.92M | -44.53M | 31.45M | 16.63M | 4.86M | -6M | 2.8M | 4.12M | 1.16M | -1.84M | 2.9M | 5.69M | 1.94M | 2.03M | 16.54M | 2.13M | 5.25M | 125K | 6.47M |
| Working Capital Changes | 10.04M | 18.88M | -4.72M | -8.54M | -8.74M | 7.03M | 324K | -8.73M | 7.14M | 5.61M | -3.52M | 2.47M | -5.89M | -17.28M | -4.02M | -1.98M | 5.29M | 35.99M | -30.17M | -26.11M |
| Change in Receivables | -9.11M | 7.76M | -647K | -316K | -3.92M | -1.52M | -4.44M | -3.11M | 3.42M | 24.95M | -1.77M | 3.02M | -8.75M | -6.47M | -11.41M | 3.86M | 23.08M | 55.05M | -24.65M | -53.71M |
| Change in Inventory | 1.05M | -1.04M | 8K | -1.06M | -339K | -488K | 3.32M | 4.98M | 1.94M | -13.22M | -116K | 1.3M | 1.39M | 2.56M | 5.08M | 672K | -3.75M | -4.77M | -58K | 2.33M |
| Change in Payables | 4.68M | -218K | -1.64M | -7.66M | -1.67M | 3.13M | 1.69M | -5.66M | 1.14M | 5.49M | 3.99M | -1.8M | -17.41M | 3.37M | 7.88M | -11.07M | -7.92M | -11.2M | 7.26M | 22.19M |
| Cash from Investing | -290K | -293K | -276K | 244K | -432K | -135K | 3.12M | 5.33M | -224K | -1.46M | 2.62M | 65K | -265K | -167K | -30K | -171K | -3.8M | -89K | -186K | -247K |
| Capital Expenditures | -290K | -319K | -276K | -336K | -525K | -185K | -83K | -290K | -224K | -699K | -432K | -356K | -265K | -167K | -28K | -171K | -131K | -160K | -523K | -247K |
| CapEx % of Revenue | 0.88% | 1.22% | 1.6% | 1.02% | 2.02% | 0.93% | 0.4% | 2.2% | 2.21% | 6.12% | 3.43% | 1.53% | 0.87% | 0.52% | 0.07% | 0.65% | 0.79% | 0.52% | 1.06% | 0.24% |
| Acquisitions | 0 | 0 | 0 | 580K | 3K | 0 | 3.2M | 4.72M | 0 | -765K | 3.05M | 421K | 0 | 0 | -2K | 86K | -3.7M | 18K | 337K | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 26K | 0 | 0 | 90K | 50K | 3K | 900K | 0 | 0 | 0 | 0 | 0 | 0 | 900K | 0 | 33K | 53K | 0 | 0 |
| Cash from Financing | 359K | -2.58M | -2.42M | 4.5M | 35.9M | 0 | 3K | 14.49M | 0 | 3K | 0 | -183K | 13.56M | 15.11M | 5.47M | 115K | 274K | 86K | 428K | 2.23M |
| Debt Issued (Net) | -1.17M | -3.23M | -3.03M | -159K | 35.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1.86M | 688K | 784K | 4.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 13.37M | 15.19M | 5.45M | 115K | 0 | 0 | 0 | -159K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -334K | -39K | -170K | 58K | 0 | 0 | 3K | 14.49M | 0 | 3K | 0 | -183K | 189K | -82K | 19K | 0 | 274K | 86K | 428K | 2.39M |
| Net Change in Cash | 5.61M | 5.44M | -15.47M | -3.26M | 20.85M | -2.39M | -5.34M | 2.99M | -2.52M | -5.16M | -9.3M | -6.29M | -2.3M | -7.68M | -2.89M | -5.43M | -16.2M | 16.64M | -52.8M | -38.48M |
| Free Cash Flow | 5.26M | 7.97M | -13.05M | -8.36M | -15.16M | -2.48M | -8.57M | -16.98M | -2.6M | -4.48M | -12.29M | -6.63M | -15.84M | -22.66M | -8.34M | -5.6M | -12.82M | 16.55M | -53.63M | -40.69M |
| FCF Margin % | 16.05% | 30.49% | -75.57% | -25.45% | -58.24% | -12.41% | -41.18% | -128.62% | -25.62% | -39.17% | -97.63% | -28.57% | -51.85% | -70.03% | -20.4% | -21.34% | -77.35% | 53.87% | -108.23% | -40% |
| FCF Growth % | 134.73% | 421.31% | -52.32% | 50.74% | -483.79% | 44.56% | 30.3% | -156.16% | 83.6% | 80.24% | -47.28% | -18.46% | -23.57% | -236.93% | 84.44% | 86.25% | -48.98% | 128.24% | -106.35% | -393.32% |
| FCF per Share | 0.22 | 0.50 | -0.86 | -0.55 | -1.02 | -0.19 | -0.59 | -1.33 | -0.20 | -0.35 | -0.98 | -0.53 | -1.32 | -2.01 | -0.78 | -0.54 | -1.25 | 1.65 | -5.41 | -4.24 |
| FCF Conversion (FCF/Net Income) | 0.83x | -0.31x | -0.39x | 0.24x | 0.61x | 0.15x | 2.22x | 1.36x | 0.15x | 0.31x | 1.35x | 0.56x | 0.92x | 2.16x | 0.71x | 0.26x | 0.49x | -0.65x | 1.91x | 1.69x |
| Interest Paid | 2.27M | -887K | 887K | 0 | 249K | 6K | 8K | 11K | 22K | 49K | 140K | 140K | 181K | 126K | 129K | 0 | 254K | 275K | 128K | 129K |
| Taxes Paid | 189K | -231K | 231K | 0 | 0 | 5K | 7K | 20K | 35K | 20K | 58K | -154K | 205K | 120K | 6K | 0 | -27K | 139K | 7K | 0 |