FTC Solar, Inc. (FTCI)

FTC Solar Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	3.52	11.25	25.24	44.39	102.19	32.36
Cash & Short-Term Investments	3.52	11.25	25.24	44.39	102.19	32.36
Cash Growth	-67.35%	-55.43%	-43.15%	-56.56%	215.78%	348.12%
Accounts Receivable	41.46	36.59	64.41	49.03	107.4	23.69
Other Receivables	4.18	3.12	0.87	0.03	0.15	0.05
Receivables	47.65	41.71	68.28	49.05	107.55	23.73
Inventory	7.32	10.14	3.91	14.95	8.86	1.69
Prepaid Expenses	1.45	1.44	1.7	3.71	2.57	1.04
Restricted Cash	-	-	-	-	-	1.01
Other Current Assets	10.37	11.59	9.39	6.6	14.62	5.88
Total Current Assets	70.3	76.13	108.51	118.69	235.78	65.72
Property, Plant & Equipment	2.86	3.37	3.64	2.86	3.32	0.88
Long-Term Investments	0.39	0.95	0.24	-	-	1.86
Goodwill	7.27	7.14	7.35	7.54	-	-
Other Intangible Assets	-	-	0.54	1.11	-	-
Other Long-Term Assets	2.14	2.34	2.79	4.2	3.93	2.94
Total Assets	82.96	89.93	123.07	134.4	243.02	71.39
Accounts Payable	17.87	13	7.98	15.8	39.26	17.13
Accrued Expenses	4.71	5.46	6.74	11.16	4.85	6.59
Short-Term Debt	-	-	-	-	-	1
Current Portion of Leases	0.49	0.76	0.74	0.42	0.45	0.23
Current Income Taxes Payable	0.41	0.33	0.09	0.44	0.05	0.08
Current Unearned Revenue	1.49	5.31	3.61	11.32	1.42	22.98
Other Current Liabilities	35.66	24.23	35.5	21.2	47.22	11.81
Total Current Liabilities	60.63	49.07	54.67	60.34	93.25	59.81
Long-Term Debt	10.9	9.47	-	-	-	0.78
Long-Term Leases	0.44	0.41	1.12	0.79	1.34	0.36
Other Long-Term Liabilities	1.95	11.94	4.81	6.82	5.57	2.99
Total Liabilities	73.91	70.89	60.6	67.95	100.15	63.94
Common Stock	0	0	0	0.01	0.01	0
Additional Paid-In Capital	376.46	367.32	361.9	315.35	292.08	50.1
Retained Earnings	-366.99	-347.74	-299.14	-248.85	-149.23	-42.64
Comprehensive Income & Other	-0.43	-0.54	-0.29	-0.06	0.01	-0
Shareholders' Equity	9.04	19.04	62.47	66.45	142.87	7.45
Total Liabilities & Equity	82.96	89.93	123.07	134.4	243.02	71.39
Total Debt	11.82	10.63	1.86	1.2	1.79	2.37
Net Cash (Debt)	-8.31	0.62	23.37	43.18	100.39	29.99
Net Cash Growth	-	-97.37%	-45.88%	-56.99%	234.75%	-
Net Cash Per Share	-0.65	0.05	2.02	4.26	11.67	4.36
Filing Date Shares Outstanding	14.87	12.87	12.56	10.62	9.91	5.63
Total Common Shares Outstanding	14.87	12.85	12.54	10.5	9.26	5.63
Working Capital	9.66	27.06	53.84	58.35	142.53	5.91
Book Value Per Share	0.61	1.48	4.98	6.33	15.43	1.32
Tangible Book Value	1.77	11.9	54.58	57.8	142.87	7.45
Tangible Book Value Per Share	0.12	0.93	4.35	5.50	15.43	1.32
Machinery	3.95	3.61	2.54	2.26	1.56	0.07
Leasehold Improvements	0.34	0.34	0.16	0.02	0.02	0.01

Updated Aug 5, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q