| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Lease expense and other | - | -594 |
| Net loss | -43,187 | -19,249 |
| Stock-based compensation | 2,343 | 1,216 |
| Depreciation and amortization | 897 | 607 |
| Loss from change in fair value of warrant liability | 14,298 | -1,768 |
| Amortization of debt discount and issue costs | 1,385 | 427 |
| Paid-in-kind non-cash interest | 1,567 | 1,001 |
| Provision for obsolete and slow-moving inventory | 0 | 0 |
| (income) loss from unconsolidated subsidiary | 1,344 | -563 |
| Gain from sale of property and equipment | - | 3 |
| Gain from disposal of investment in unconsolidated subsidiary | 3,204 | 3,204 |
| Gain on sale of atlas | 140 | 50 |
| Loss on extinguishment of debt | -173 | - |
| Warranties issued and remediation added | 2,073 | 1,614 |
| Warranty recoverable from manufacturer | -271 | -191 |
| Credit loss provisions | 566 | 192 |
| Deferred income taxes | 425 | 425 |
| Lease expense | 884 | - |
| Accounts receivable | 9,875 | 5,956 |
| Inventories | -2,489 | -2,828 |
| Prepaid and other current assets | 399 | -1,193 |
| Other assets | 344 | 392 |
| Accounts payable | 3,150 | 4,819 |
| Accruals and other current liabilities | 5,696 | 9,507 |
| Deferred revenue | -898 | -3,814 |
| Other non-current liabilities | -1,208 | -830 |
| Lease payments and other, net | 1,034 | 691 |
| Net cash used in operations | -25,416 | -10,780 |
| Purchases of property and equipment | 793 | 268 |
| Proceeds from sale of atlas software platform | 140 | 50 |
| Proceeds from sale of property and equipment | 6 | 3 |
| Equity method investment in alpha steel | 0 | 0 |
| Proceeds from disposal of investment in unconsolidated subsidiary | 3,204 | 3,204 |
| Net cash provided by investing activities | 2,557 | 2,989 |
| Proceeds from borrowings | 35,955 | - |
| Financing costs paid | 58 | - |
| Proceeds from stock option exercises | 3 | 3 |
| Net cash provided by financing activities | 35,900 | 3 |
| Effect of exchange rate changes on cash and cash equivalents | 81 | 60 |
| Increase (decrease) in cash and cash equivalents | 13,122 | -7,728 |
| Cash and cash equivalents at beginning of period | 11,247 | - |
| Cash and cash equivalents at end of period | 24,369 | - |
FTC Solar, Inc. (FTCI)
FTC Solar, Inc. (FTCI)