| Balance Sheets | 2025-09-30 | 2025-06-30 | ||
|---|---|---|---|---|
| Cash and cash equivalents | 24,369 | 3,519 | ||
| Accounts receivable, net of allowance for credit losses of 1,945 and 1,717 at september 30, 2025 and december 31, 2024, respectively | 49,193 | 45,648 | ||
| Inventories | 7,655 | 7,316 | ||
| Prepaid and other current assets | 15,374 | 13,813 | ||
| Total current assets | 96,591 | 70,296 | ||
| Operating lease right-of-use assets | 1,026 | 930 | ||
| Property and equipment, gross | 5,864 | - | ||
| Accumulated depreciation | 3,635 | - | ||
| Property and equipment, net | 2,229 | 1,931 | ||
| Goodwill | 7,312 | 7,268 | ||
| Equity method investment | 2,298 | 391 | ||
| Other assets | 2,069 | 2,139 | ||
| Total assets | 111,525 | 82,955 | ||
| Accounts payable | 16,313 | 17,867 | ||
| Accrued expenses | 26,850 | 30,410 | ||
| Income taxes payable | 452 | 408 | ||
| Deferred revenue | 4,408 | 1,492 | ||
| Other current liabilities | 10,111 | 10,456 | ||
| Total current liabilities | 58,134 | 60,633 | ||
| Long-term debt | 16,648 | 10,895 | ||
| Operating lease liability, net of current portion | 583 | 436 | ||
| Warrant liability | 48,127 | 0 | ||
| Other non-current liabilities | 1,765 | 1,949 | ||
| Total liabilities | 125,257 | 73,913 | ||
| Common stock par value of 0.0001 per share, 850,000,000 shares authorized 14,937,835 and 12,853,823 shares issued and outstanding as of september 30, 2025 and december 31, 2024 | 1 | 1 | ||
| Treasury stock, at cost 1,076,257 shares as of september 30, 2025 and december 31, 2024 | 0 | 0 | ||
| Additional paid-in capital | 377,591 | 376,464 | ||
| Accumulated other comprehensive loss | -396 | -433 | ||
| Accumulated deficit | -390,928 | -366,990 | ||
| Total stockholders' equity (deficit) | -13,732 | 9,042 | ||
| Total liabilities and stockholders' equity (deficit) | 111,525 | 82,955 | ||
FTC Solar, Inc. (FTCI)
FTC Solar, Inc. (FTCI)