FTC Solar Inc
FTC Solar, Inc. engages in the manufacture and service of solar tracker systems in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company provides a two modules-in-portrait solar tracker system under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name. It offers trackers and software solutions f… Read more
FTC Solar Inc (FTCI) - Net Assets
Latest net assets as of December 2025: $-40.30 Million USD
Based on the latest financial reports, FTC Solar Inc (FTCI) has net assets worth $-40.30 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($111.81 Million) and total liabilities ($152.11 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-40.30 Million |
| % of Total Assets | -36.04% |
| Annual Growth Rate | N/A |
| 5-Year Change | -128.21% |
| 10-Year Change | N/A |
| Growth Volatility | 778.31 |
FTC Solar Inc - Net Assets Trend (2019–2025)
This chart illustrates how FTC Solar Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for FTC Solar Inc (2019–2025)
The table below shows the annual net assets of FTC Solar Inc from 2019 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $-40.30 Million | -311.71% |
| 2024-12-31 | $19.04 Million | -69.53% |
| 2023-12-31 | $62.47 Million | -5.99% |
| 2022-12-31 | $66.45 Million | -53.49% |
| 2021-12-31 | $142.87 Million | +1817.41% |
| 2020-12-31 | $7.45 Million | +188.23% |
| 2019-12-31 | $-8.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to FTC Solar Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 39794300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $2.00K | % |
| Other Comprehensive Income | $-290.00K | % |
| Other Components | $384.65 Million | % |
| Total Equity | $-40.30 Million | 100.00% |
FTC Solar Inc Competitors by Market Cap
The table below lists competitors of FTC Solar Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Topps Tiles Plc
PINK:TPTJF
|
$52.89 Million |
|
Zomedica Pharmaceuticals Corp
NYSE MKT:ZOM
|
$52.89 Million |
|
Hi Sun Technology (China) Limited
PINK:HISNF
|
$52.90 Million |
|
Famon Awal Bros Sedaya
JK:PRAY
|
$52.90 Million |
|
Paragon Care Limited
F:PXS
|
$52.86 Million |
|
Kinetic Group Inc
PINK:KNIT
|
$52.84 Million |
|
Acconeer AB
ST:ACCON
|
$52.83 Million |
|
Tainan Enterprises Co Ltd
TW:1473
|
$52.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in FTC Solar Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 19,036,000 to -40,302,000, a change of -59,338,000 (-311.7%).
- Net loss of 76,921,000 reduced equity.
- Other comprehensive income increased equity by 252,000.
- Other factors increased equity by 17,331,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-76.92 Million | -190.86% |
| Other Comprehensive Income | $252.00K | +0.63% |
| Other Changes | $17.33 Million | +43.0% |
| Total Change | $- | -311.71% |
Book Value vs Market Value Analysis
This analysis compares FTC Solar Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $-1.03 | $4.83 | x |
| 2020-12-31 | $0.88 | $4.83 | x |
| 2021-12-31 | $16.60 | $4.83 | x |
| 2022-12-31 | $6.55 | $4.83 | x |
| 2023-12-31 | $5.41 | $4.83 | x |
| 2024-12-31 | $1.50 | $4.83 | x |
| 2025-12-31 | $-2.88 | $4.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently FTC Solar Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -77.16%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-110.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 0.00% | -25.40% | 1.57x | 0.00x | $-12.65 Million |
| 2020 | -213.72% | -8.50% | 2.62x | 9.58x | $-16.67 Million |
| 2021 | -74.61% | -39.40% | 1.11x | 1.70x | $-120.88 Million |
| 2022 | -149.91% | -80.94% | 0.92x | 2.02x | $-106.26 Million |
| 2023 | -80.50% | -39.60% | 1.03x | 1.97x | $-56.54 Million |
| 2024 | -255.34% | -102.64% | 0.53x | 4.72x | $-50.51 Million |
| 2025 | 0.00% | -77.16% | 0.89x | 0.00x | $-72.89 Million |
Industry Comparison
This section compares FTC Solar Inc's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $424,642,617
- Average return on equity (ROE) among peers: 1.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FTC Solar Inc (FTCI) | $-40.30 Million | 0.00% | N/A | $52.88 Million |
| ABCO Energy Inc (ABCE) | $-190.65K | 0.00% | 0.00x | $11.90K |
| Advantagewon Oil Corporation (ANTGF) | $-1.30 Million | 0.00% | 0.00x | $547.13K |
| Advanced Powerline Technologies Inc (APWL) | $6.31 Million | -45.47% | 0.40x | $1.82 |
| Array Technologies Inc (ARRY) | $-25.72 Million | 0.00% | 0.00x | $972.65 Million |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $139.62 Million | -9.47% | 0.10x | $18.06 Million |
| Beam Global (BEEM) | $-1.41 Million | 0.00% | 0.00x | $26.89 Million |
| Clear Blue Technologies International Inc (CBUTF) | $-215.24K | 0.00% | 0.00x | $834.08K |
| China Changjiang Mining & New Energy Co Ltd (CHJI) | $924.23K | 64.84% | 0.83x | $2.91K |
| Canadian Solar Inc (CSIQ) | $4.15 Billion | 0.87% | 2.26x | $868.69 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-21.39 Million | 0.00% | 0.00x | $89.72 Million |