For the quarter ending 2026-03-31, FTCI has $97,849K in assets. $103,998K in debts. $5,639K in cash and cash equivalents.
| Balance Sheets | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Cash and cash equivalents | 5,639 | 21,105 | 24,369 | 3,519 |
| Accounts receivable, net of allowance for credit losses of 3,071 and 3,069 at march 31, 2026 and december 31,2025, respectively | 56,388 | 55,743 | 49,193 | 45,648 |
| Inventories | 9,425 | 9,627 | 7,655 | 7,316 |
| Prepaid and other current assets | 12,371 | 11,294 | 15,374 | 13,813 |
| Total current assets | 83,823 | 97,769 | 96,591 | 70,296 |
| Operating lease right-of-use assets | 868 | 983 | 1,026 | 930 |
| Property and equipment, gross | 8,100 | 7,820 | 5,864 | - |
| Accumulated depreciation | 4,379 | 4,027 | 3,635 | - |
| Property and equipment, net | 3,721 | 3,793 | 2,229 | 1,931 |
| Goodwill | 7,527 | 7,444 | 7,312 | 7,268 |
| Equity method investment | - | 0 | 2,298 | 391 |
| Other assets | 1,910 | 1,823 | 2,069 | 2,139 |
| Total assets | 97,849 | 111,812 | 111,525 | 82,955 |
| Accounts payable | 11,615 | 13,247 | 16,313 | 17,867 |
| Short-term debt | 9,711 | 12,681 | - | - |
| Accrued expenses | 26,441 | 23,770 | 26,850 | 30,410 |
| Income taxes payable | 445 | 630 | 452 | 408 |
| Deferred revenue | 4,833 | 7,172 | 4,408 | 1,492 |
| Other current liabilities | 10,401 | 10,725 | 10,111 | 10,456 |
| Total current liabilities | 63,446 | 68,225 | 58,134 | 60,633 |
| Long-term debt, net | 12,887 | 9,921 | 16,648 | 10,895 |
| Operating lease liability, net of current portion | 436 | 553 | 583 | 436 |
| Deferred income taxes | 178 | - | - | - |
| Warrant liability | 25,773 | 74,515 | 48,127 | 0 |
| Other non-current liabilities | 1,278 | 1,556 | 1,765 | 1,949 |
| Total liabilities | 103,998 | 154,770 | 125,257 | 73,913 |
| Common stock par value of 0.0001 per share, 850,000,000 shares authorized 15,818,330 and 15,537,344 shares issued and outstanding as of march 31, 2026 and december 31, 2025 | 2 | 2 | 1 | 1 |
| Treasury stock, at cost 1,076,257 shares as of march 31, 2026 and december 31, 2025 | 0 | 0 | 0 | 0 |
| Additional paid-in capital | 388,759 | 384,648 | 377,591 | 376,464 |
| Accumulated other comprehensive loss | -191 | -290 | -396 | -433 |
| Accumulated deficit | -394,719 | -427,318 | -390,928 | -366,990 |
| Total stockholders' (deficit) | -6,149 | -42,958 | -13,732 | 9,042 |
| Total liabilities and stockholders' (deficit) | 97,849 | 111,812 | 111,525 | 82,955 |
FTC Solar, Inc. (FTCI)
FTC Solar, Inc. (FTCI)