FTC Solar Inc (FTCI) - Net Assets
Based on the latest financial reports, FTC Solar Inc (FTCI) has net assets worth $-6.15 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($97.85 Million) and total liabilities ($104.00 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. Check FTCI tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-6.15 Million |
| % of Total Assets | -6.28% |
| 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. See FTC Solar Inc defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
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 valuation and market cap data, see market cap of FTC Solar Inc.
| 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 |
|---|---|
|
Av Gad Holdings Ltd
TA:AVGD
|
$71.95 Million |
|
Actinogen Medical Ltd
AU:ACW
|
$71.97 Million |
|
Sentelic Corp
TWO:4945
|
$71.98 Million |
|
MEGA International Development Co Ltd
TWO:5529
|
$72.03 Million |
|
Kuantum Papers Limited
NSE:KUANTUM
|
$71.93 Million |
|
Sat Nusapersada Tbk
JK:PTSN
|
$71.92 Million |
|
Lumos Diagnostics Holdings Ltd
AU:LDX
|
$71.91 Million |
|
Snowman Logistics Limited
NSE:SNOWMAN
|
$71.88 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 | $5.08 | x |
| 2020-12-31 | $0.88 | $5.08 | x |
| 2021-12-31 | $16.60 | $5.08 | x |
| 2022-12-31 | $6.55 | $5.08 | x |
| 2023-12-31 | $5.41 | $5.08 | x |
| 2024-12-31 | $1.50 | $5.08 | x |
| 2025-12-31 | $-2.88 | $5.08 | 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: $473,946,534
- Average return on equity (ROE) among peers: -11.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| FTC Solar Inc (FTCI) | $-6.15 Million | 0.00% | N/A | $71.94 Million |
| Array Technologies Inc (ARRY) | $-156.04 Million | 0.00% | 0.00x | $1.17 Billion |
| Ascent Solar Technologies, Inc. Common Stock (ASTI) | $-1.53 Million | 0.00% | 0.00x | $48.07 Million |
| Beam Global (BEEM) | $5.82 Million | -67.54% | 0.25x | $24.93 Million |
| Canadian Solar Inc (CSIQ) | $466.00 Million | 4.86% | 1.23x | $1.07 Billion |
| Complete Solaria, Inc. Common Stock (CSLR) | $-97.54 Million | 0.00% | 0.00x | $114.71 Million |
| Enphase Energy Inc (ENPH) | $38.48 Million | -56.59% | 0.55x | $4.80 Billion |
| First Solar Inc (FSLR) | $1.10 Billion | 14.43% | 0.25x | $23.63 Billion |
| iSun, Inc. (ISUNQ) | $7.88 Million | -12.43% | 1.49x | $4.74K |
| JinkoSolar Holding Company Limited (JKS) | $2.91 Billion | 9.41% | 2.16x | $992.24 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