FTC Solar (FTCI) Interest Expenses (2020 - 2026)
FTC Solar's (FTCI) quarterly Interest Expenses came in at $4.4 million in Q1 2026, down 54.29% YoY from $9.6 million in Q1 2025, and down 58.54% on a QoQ basis from $10.6 million in Q4 2025.
FTC Solar (FTCI) Interest Expenses (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Interest Expenses data on file, last reported at $4.4 million in 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 $21.9 million (up 126.83% YoY) and the FY2025 annual result came in at $14.1 million, down 12.04% from the prior year.
- Interest Expenses declined to $4.4 million in Q1 2026, from $10.6 million in the prior quarter.
- In the past five years, Interest Expenses ranged from a high of $18.7 million in Q4 2023 to a low of -$11.8 million in Q4 2024.
- A 5-year average of $7.1 million and a median of $8.0 million in 2022 frame the typical range for Interest Expenses.
- Annual changes were most pronounced in 2023 — Interest Expenses jumped 1466.86% — and 2024, when it plunged 163.39%.
- Tracing FTCI's Interest Expenses over 5 years: stood at $8.0 million in 2022, then jumped by 133.23% to $18.7 million in 2023, then sank by 163.39% to -$11.8 million in 2024, then jumped by 189.87% to $10.6 million in 2025, then slumped by 58.54% to $4.4 million in 2026.
- The last three Interest Expenses figures came in at $4.4 million (Q1 2026), $10.6 million (Q4 2025), and $9.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Expense (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 5.56 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | - |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 327,000.00 |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | - |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 12.38 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 3.47 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -48.46 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 5.79 Mn |
| 10 | FTC Solar | 34.18 Mn | 23.11 Mn | -2.23 Mn | 4.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 10.40 Mn |
| Jun 30, 2026 | 10.40 Mn |
| Mar 31, 2026 | 4.41 Mn |
| Mar 31, 2026 | 4.41 Mn |
| Dec 31, 2025 | 10.64 Mn |
| Dec 31, 2025 | 10.64 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 | -11.83 Mn |
| Dec 31, 2024 | -11.83 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 |