FTC Solar (FTCI) Interest Expenses (2020 - 2026)
FTC Solar (FTCI) posted Interest Expenses of $4.4 million for Q1 2026, up 18.11% on a QoQ basis from $3.7 million in Q4 2025, and down 54.29% year-over-year from $9.6 million in Q1 2025.
FTC Solar (FTCI) Interest Expenses (2020 - 2026) Analysis & Trends
FTC Solar's Interest Expenses history runs 7 years deep, the most recent figure standing at $4.4 million for Q1 2026.
- Quarterly Interest Expenses fell 54.29% year-over-year to $4.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $30.3 million (up 213.81% YoY) and the FY2025 annual result came in at $14.1 million, down 12.04% from the prior year.
- Interest Expenses was $4.4 million for Q1 2026 at FTC Solar, up from $3.7 million in the prior quarter.
- Across five years, Interest Expenses topped out at $18.7 million in Q4 2023 and bottomed at $516000.0 in Q1 2022.
- A 5-year average of $7.6 million and a median of $7.8 million in 2023 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2022 — Interest Expenses sank 82.15% — and 2023, when it jumped 1466.86%.
- FTC Solar's Interest Expenses stood at $8.0 million in 2022, then soared by 133.23% to $18.7 million in 2023, then tumbled by 81.48% to $3.5 million in 2024, then climbed by 7.98% to $3.7 million in 2025, then climbed by 18.11% to $4.4 million in 2026.
- Business Quant data shows FTCI's Interest Expenses at $4.4 million in Q1 2026, $3.7 million in Q4 2025, and $9.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 56.27 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 26.55 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 28.41 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 83.69 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 210.73 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 2.90 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -48.46 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 28.38 Mn |
| 10 | FTC Solar | 48.88 Mn | 43.25 Mn | -1.23 Mn | 4.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 4.41 Mn |
| Mar 31, 2026 | 4.41 Mn |
| Dec 31, 2025 | 3.73 Mn |
| Dec 31, 2025 | 3.73 Mn |
| Sep 30, 2025 | 9.73 Mn |
| Sep 30, 2025 | 9.73 Mn |
| Jun 30, 2025 | 9.86 Mn |
| Jun 30, 2025 | 9.86 Mn |
| Mar 31, 2025 | 9.65 Mn |
| Mar 31, 2025 | 9.65 Mn |
| Dec 31, 2024 | 3.46 Mn |
| Dec 31, 2024 | 3.46 Mn |
| Sep 30, 2024 | 8.95 Mn |
| Sep 30, 2024 | 8.95 Mn |
| Jun 30, 2024 | 7.26 Mn |
| Jun 30, 2024 | 7.26 Mn |
| Mar 31, 2024 | 6.99 Mn |
| Mar 31, 2024 | 6.99 Mn |
| Dec 31, 2023 | 18.67 Mn |
| Dec 31, 2023 | 18.67 Mn |