FTC Solar, Inc. financial data

Symbol
FTCI on Nasdaq
Location
Austin, TX
Fiscal year end
31 December
Latest financial report
10-Q - Q3 2025 - 12 Nov 2025

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 144% % -15%
Quick Ratio 15% % -20%
Debt-to-equity 1133% % 816%
Return On Equity -742% % -650%
Return On Assets -60% % -36%
Operating Margin -54% % 39%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 14,940,407 shares -88%
Common Stock, Shares, Outstanding 14,937,835 shares -88%
Entity Public Float $29,824,987 USD -87%
Common Stock, Value, Issued $1,000 USD -92%
Weighted Average Number of Shares Outstanding, Basic 14,899,638 shares 17%
Weighted Average Number of Shares Outstanding, Diluted 14,899,638 shares 17%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax $80,028,000 USD 40%
Research and Development Expense $4,755,000 USD -19%
Selling and Marketing Expense $6,150,000 USD -48%
General and Administrative Expense $22,678,000 USD -11%
Operating Income (Loss) $43,192,000 USD 16%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $55,153,000 USD -15%
Income Tax Expense (Benefit) $269,000 USD -82%
Net Income (Loss) Attributable to Parent $55,422,000 USD -17%
Earnings Per Share, Basic -4 USD/shares 41%
Earnings Per Share, Diluted -4 USD/shares 37%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value $24,369,000 USD 195%
Accounts Receivable, after Allowance for Credit Loss, Current $49,193,000 USD 32%
Inventory, Net $7,655,000 USD -49%
Other Assets, Current $3,485,000 USD -16%
Assets, Current $96,591,000 USD 27%
Property, Plant and Equipment, Net $2,229,000 USD -7.5%
Operating Lease, Right-of-Use Asset $1,026,000 USD -40%
Intangible Assets, Net (Excluding Goodwill) $0 USD -100%
Goodwill $7,312,000 USD -1.5%
Other Assets, Noncurrent $2,069,000 USD -17%
Assets $111,525,000 USD 22%
Accounts Payable, Current $16,313,000 USD -13%
Accrued Liabilities, Current $26,850,000 USD 12%
Contract with Customer, Liability, Current $4,408,000 USD -0.81%
Liabilities, Current $58,134,000 USD 1.4%
Operating Lease, Liability, Noncurrent $583,000 USD -34%
Other Liabilities, Noncurrent $1,765,000 USD -42%
Liabilities $125,257,000 USD 104%
Accumulated Other Comprehensive Income (Loss), Net of Tax $396,000 USD -71%
Retained Earnings (Accumulated Deficit) $390,928,000 USD -17%
Stockholders' Equity Attributable to Parent $13,732,000 USD -145%
Liabilities and Equity $111,525,000 USD 22%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities $8,483,000 USD 28%
Net Cash Provided by (Used in) Financing Activities $0 USD -100%
Net Cash Provided by (Used in) Investing Activities $3,124,000 USD 19%
Common Stock, Shares Authorized 850,000,000 shares 0%
Common Stock, Shares, Issued 14,937,835 shares -88%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $5,338,000 USD 43%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $24,369,000 USD 195%
Deferred Tax Assets, Valuation Allowance $86,582,000 USD 14%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross $87,116,000 USD 14%
Operating Lease, Liability $1,007,000 USD -43%
Depreciation $300,000 USD 0%
Payments to Acquire Property, Plant, and Equipment $1,000,000 USD 97%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $55,587,000 USD -18%
Lessee, Operating Lease, Liability, to be Paid $1,217,000 USD -35%
Property, Plant and Equipment, Gross $5,864,000 USD 21%
Operating Lease, Liability, Current $424,000 USD -51%
Lessee, Operating Lease, Liability, to be Paid, Year Two $475,000 USD -46%
Lessee, Operating Lease, Liability, to be Paid, Year One $171,000 USD -27%
Operating Lease, Weighted Average Discount Rate, Percent 0.05 pure 0%
Deferred Income Tax Expense (Benefit) $426,000 USD 89%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount $210,000 USD 71%
Lessee, Operating Lease, Liability, to be Paid, Year Three $420,000 USD 34%
Deferred Tax Assets, Operating Loss Carryforwards $74,596,000 USD 16%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 10,000,000 shares 0%
Unrecognized Tax Benefits $1,039,000 USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four $70,000 USD -76%
Additional Paid in Capital $377,591,000 USD 3.1%
Amortization of Intangible Assets $500,000 USD 0%
Deferred Tax Assets, Net of Valuation Allowance $534,000 USD -9.2%
Share-based Payment Arrangement, Expense $3,512,000 USD 0.52%
Interest Expense $2,317,000 USD 14100%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%