FTC Solar Inc (FTCI) - Total Assets
Based on the latest financial reports, FTC Solar Inc (FTCI) holds total assets worth $98.06 Million USD as of June 2026. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
FTC Solar Inc - Total Assets Trend (2019–2025)
This chart illustrates how FTC Solar Inc's total assets have evolved over time, based on quarterly financial data. Also see FTCI market cap for the company's overall valuation and market capitalisation.
FTC Solar Inc - Asset Composition Analysis
Current Asset Composition (December 2025)
FTC Solar Inc's total assets of $98.06 Million consist of 87.4% current assets and 12.6% non-current assets. Review FTCI current and long-term liabilities to assess the company's total debt and financial obligations.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 18.9% |
| Accounts Receivable | $55.74 Million | 49.9% |
| Inventory | $9.63 Million | 8.6% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $0.00 | 0.0% |
| Goodwill | $7.44 Million | 6.7% |
Asset Composition Trend (2019–2025)
This chart illustrates how FTC Solar Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. See FTC Solar Inc share price for real-time trading data and today's change.
Key Asset Composition Facts
- Current vs. Non-Current Assets: FTC Solar Inc's current assets represent 87.4% of total assets in 2025, a decrease from 90.6% in 2019.
- Cash Position: Cash and equivalents constituted 18.9% of total assets in 2025, down from 21.3% in 2019.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 6.0% of total assets, an increase from 0.0% in 2019.
- Asset Diversification: The largest asset category is accounts receivable at 49.9% of total assets.
FTC Solar Inc Competitors by Total Assets
Key competitors of FTC Solar Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
XINYI SOLAR UNSP.ADR/20
F:13X0
|
Germany | €56.92 Billion |
|
Changzhou Almaden Co Ltd
SHE:002623
|
China | CN¥5.65 Billion |
|
Websol Energy System Limited
NSE:WEBELSOLAR
|
India | Rs7.09 Billion |
|
ANJI Technology Co. Ltd
TW:6477
|
Taiwan | NT$8.20 Billion |
|
Urja Global Limited
NSE:URJA
|
India | Rs2.48 Billion |
|
SUNation Energy Inc.
NASDAQ:SUNE
|
USA | $40.92 Million |
|
Profithol S.A.
MC:SPH
|
Spain | €19.80 Million |
|
Clearvue Technologies Ltd
AU:CPV
|
Australia | AU$12.51 Million |
FTC Solar Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.91 | 1.16 | 3.45 |
| Quick Ratio | 0.80 | 1.04 | 3.28 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $-7.91 Million | $9.66 Million | $162.76 Million |
FTC Solar Inc - Advanced Valuation Insights
This section examines the relationship between FTC Solar Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 12.19 |
| Latest Market Cap to Assets Ratio | 0.31 |
| Asset Growth Rate (YoY) | 24.3% |
| Total Assets | $111.81 Million |
| Market Capitalization | $35.19 Million USD |
Valuation Analysis
Below Book Valuation: The market values FTC Solar Inc's assets below their book value (0.31x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: FTC Solar Inc's assets grew by 24.3% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for FTC Solar Inc (2019–2025)
The table below shows the annual total assets of FTC Solar Inc from 2019 to 2025.
| Year | Total Assets | Change |
|---|---|---|
| 2025-12-31 | $111.81 Million | +24.34% |
| 2024-12-31 | $89.93 Million | -26.93% |
| 2023-12-31 | $123.07 Million | -8.43% |
| 2022-12-31 | $134.40 Million | -44.70% |
| 2021-12-31 | $243.02 Million | +240.40% |
| 2020-12-31 | $71.39 Million | +111.03% |
| 2019-12-31 | $33.83 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