FTC Solar (FTCI) Enterprise Value (2021 - 2026)
FTC Solar's Enterprise Value came in at $22.34 million for Q3 2026, down 72.4% from $80.94 million a year earlier and down 69.2% from the prior quarter.
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Analysis
FTC Solar (FTCI) Enterprise Value (2021 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, FTC Solar reported Enterprise Value of -$15.48 million; for FY2025, it came in at $148.41 million, up 149.1% from FY2024.
- Enterprise Value carries a four-year compound annual growth rate of -29.4% (FY2021 to FY2025).
- Going back by year, Enterprise Value was $59.58 million in FY2024 (-3.4%), $61.7 million in FY2023 (-74.0%), $237.1 million in FY2022 (-60.4%) and $598.02 million in FY2021.
- The Q3 2026 figure represents the lowest quarterly Enterprise Value in data going back to Q2 2021.
- Year-over-year, Enterprise Value increased in five of the last eight quarters, with growth averaging 25.9%.
- The fastest year-over-year change in Enterprise Value over five years came in Q4 2025 (growth of 149.1%), and the weakest in Q2 2024 (a decline of 90.2%).
- Business Quant data shows FTCI's Enterprise Value at $72.52 million (Q2 2026), $54.15 million (Q1 2026) and $148.41 million (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn |
| 10 | FTC Solar | 19.06 Mn | -35.44 Mn | 1.90 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 22.34 Mn |
| Jun 30, 2026 | 72.52 Mn |
| Mar 31, 2026 | 54.15 Mn |
| Dec 31, 2025 | 148.41 Mn |
| Sep 30, 2025 | 80.94 Mn |
| Jun 30, 2025 | 63.85 Mn |
| Mar 31, 2025 | 31.60 Mn |
| Dec 31, 2024 | 59.58 Mn |
| Sep 30, 2024 | 78.72 Mn |
| Jun 30, 2024 | 34.05 Mn |
| Mar 31, 2024 | 53.85 Mn |
| Dec 31, 2023 | 61.70 Mn |
| Sep 30, 2023 | 128.42 Mn |
| Jun 30, 2023 | 346.52 Mn |
| Mar 31, 2023 | 206.63 Mn |
| Dec 31, 2022 | 237.10 Mn |
| Sep 30, 2022 | 255.19 Mn |
| Jun 30, 2022 | 302.20 Mn |
| Mar 31, 2022 | 442.26 Mn |
| Dec 31, 2021 | 598.02 Mn |
API Access
FTC Solar Enterprise Value API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=enterprise-value&ticker=FTCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "enterprise-value", "ticker": "FTCI", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=enterprise-value&ticker=FTCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();