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Balance Sheets Overview

Current Ratio
132.12%
Quick Ratio
117.26%
Cash Ratio
8.89%
Debt to Asset Ratio
106.28%
Unit: Thousand (K) dollars
Assets Breakdown
    • Goodwill
    • Cash and cash equivalents
    • Other assets
    • Operating lease right-of-use ass...
Liabilities Breakdown
    • Accumulated deficit
    • Additional paid-in capital
    • Warrant liability
    • Others
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, 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
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.

Time Plot

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Balance Sheets

Accounts receivable, netof allowance for...$56,388K Prepaid and othercurrent assets$12,371K Inventories$9,425K Cash and cashequivalents$5,639K Total current assets$83,823K Goodwill$7,527K Property and equipment,net$3,721K Other assets$1,910K Operating leaseright-of-use assets$868K Total assets$97,849K Accumulated deficit-$394,719K Accumulated othercomprehensive loss-$191K Total liabilities andstockholders' (deficit)$97,849K Total stockholders'(deficit)-$6,149K Additional paid-in capital$388,759K Common stock par valueof 0.0001 per...$2K Total liabilities$103,998K Total currentliabilities$63,446K Warrant liability$25,773K Long-term debt, net$12,887K Other non-currentliabilities$1,278K Operating leaseliability, net of current...$436K Deferred income taxes$178K Accrued expenses$26,441K Accounts payable$11,615K Other currentliabilities$10,401K Short-term debt$9,711K Deferred revenue$4,833K Income taxes payable$445K

FTC Solar, Inc. (FTCI)

FTC Solar, Inc. (FTCI)