FTC Solar, Inc. balance sheet

At the end of fiscal 2025, FTC Solar, Inc. had total assets of $112m, total liabilities of $155m and shareholders' equity of −$43.0m. It held $21.1m in cash against $55.2m of debt.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

FTC Solar, Inc.: balance sheet, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Cash and equivalents	7	32	102	44	25	11	21	10
Receivables	—	24	108	49	65	40	56	49
Inventory	—	2	9	15	4	10	10	10
Total current assets	—	66	236	119	109	76	98	83
Goodwill	—	—	0	8	7	7	7	8
Total assets	—	71	243	134	123	90	112	98
Accounts payable	—	17	39	16	8	13	13	11
Deferred revenue (current)	—	23	1	11	4	5	7	5
Total current liabilities	—	60	93	60	55	49	68	91
Short-term debt	—	1	0	0	—	0	13	23
Long-term debt	—	1	0	—	0	9	10	0
Total debt	0	2	0	0	0	15	55	52
Total liabilities	—	64	100	68	61	71	155	128
Shareholders' equity	−8	7	143	66	62	19	−43	−30
Shares outstanding	—	—	—	—	13m	13m	16m	16m

US$ millions unless shown otherwise. Fiscal quarters.

FTC Solar, Inc.: balance sheet, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Receivables	37	40	44	46	49	56	56	49
Inventory	15	10	7	7	8	10	9	10
Total current assets	76	76	71	70	97	98	84	83
Goodwill	7	7	7	7	7	7	8	8
Total assets	92	90	84	83	112	112	98	98
Accounts payable	19	13	15	18	16	13	12	11
Deferred revenue (current)	4	5	2	1	4	7	5	5
Total current liabilities	57	49	51	61	58	68	63	91
Short-term debt	—	0	—	—	—	13	10	23
Long-term debt	—	9	10	4	17	10	13	0
Total debt	—	9	10	4	17	23	23	23
Total liabilities	61	71	69	74	125	155	104	128
Shareholders' equity	30	19	16	9	−14	−43	−6	−30
Shares outstanding	128m	13m	13m	15m	15m	16m	16m	16m

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from FTC Solar, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to FTC Solar, Inc.