FTC Solar Inc Net Assets
FTC Solar Inc net assets. Based on the latest financial reports, FTC Solar Inc (FTCI) has net assets worth $-30.35 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($98.06 Million) and total liabilities ($128.41 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. Also explore FTCI net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-30.35 Million |
| % of Total Assets | -30.95% |
| Annual Growth Rate | N/A |
| 5-Year Change | -128.21% |
| 10-Year Change | N/A |
| Growth Volatility | 778.31 |
Net Assets of FTC Solar Inc (2019–2025)
Net assets of FTC Solar Inc from 2019 to 2025. This chart illustrates how FTC Solar Inc's net assets have evolved over time, based on quarterly financial data. See FTC Solar Inc balance sheet quality to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see how much is FTC Solar Inc worth.
| 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.
FTC Solar Inc Net Assets Breakdown (December 2025)
FTC Solar Inc net assets breakdown by equity component as of 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 |
|---|---|
|
KB Autosys Co. Ltd
KQ:024120
|
$23.96 Million |
|
FiEE, Inc.
NASDAQ:FIEE
|
$23.97 Million |
|
Grafton Group plc
LSE:GFTU
|
$23.97 Million |
|
Goldspot Discoveries Corp
V:SPOT
|
$23.98 Million |
|
Conduril - Engenharia S.A
LS:CDU
|
$23.94 Million |
|
Porn Prom Metal Public Company Limited
BK:PPM
|
$23.94 Million |
|
Eutilex.Co.Ltd
KQ:263050
|
$23.94 Million |
|
WITTED MEGACORP OYJ EO 1
F:8OS
|
$23.93 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.
- New share issuances of 4,710,000 increased equity.
- Other comprehensive income increased equity by 252,000.
- Other factors increased equity by 12,621,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-76.92 Million | -190.86% |
| Share Issuances | $4.71 Million | +11.69% |
| Other Comprehensive Income | $252.00K | +0.63% |
| Other Changes | $12.62 Million | +31.32% |
| 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 | $1.45 | x |
| 2020-12-31 | $0.88 | $1.45 | x |
| 2021-12-31 | $16.60 | $1.45 | x |
| 2022-12-31 | $6.55 | $1.45 | x |
| 2023-12-31 | $5.41 | $1.45 | x |
| 2024-12-31 | $1.50 | $1.45 | x |
| 2025-12-31 | $-2.88 | $1.45 | 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: $275,240,947
- Average return on equity (ROE) among peers: -36.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FTC Solar Inc (FTCI) | $-30.35 Million | 0.00% | N/A | $23.96 Million |
| Array Technologies Inc (ARRY) | $42.65 Million | -2.06% | 3.65x | $708.75 Million |
| Ascent Solar Technologies, Inc. (ASTI) | $146.57 Million | -21.31% | 0.09x | $14.63 Million |
| Beam Global (BEEM) | $23.21 Million | -84.81% | 0.63x | $15.17 Million |
| Canadian Solar Inc (CSIQ) | $534.99 Million | 9.45% | 1.66x | $676.42 Million |
| Complete Solaria, Inc. Common Stock (CSLR) | $-97.54 Million | 0.00% | 0.00x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $483.99 Million | 27.69% | 1.48x | $4.01 Billion |
| First Solar Inc (FSLR) | $-43.63 Million | 0.00% | 0.00x | $19.98 Billion |
| iSun, Inc. (ISUNQ) | $13.12 Million | -148.00% | 4.08x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $1.37 Billion | -112.27% | 5.09x | $524.79 Million |
About 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 also offers trackers and software soluti… Read more