FTC Solar (FTCI) Payables (2020 - 2026)
FTC Solar's (FTCI) quarterly Payables came in at $21.3 million in Q1 2026, up 353.74% YoY from $4.7 million in Q1 2025, and down 17.75% on a QoQ basis from $25.9 million in Q4 2025.
FTC Solar (FTCI) Payables (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Payables data on file, last reported at $21.3 million in Q1 2026.
- Quarterly Payables rose 353.74% year-over-year to $21.3 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $21.3 million (up 353.74% YoY) and the FY2025 annual result came in at $25.9 million, up 99.52% from the prior year.
- Payables declined to $21.3 million in Q1 2026, from $25.9 million in the prior quarter.
- In the past five years, Payables ranged from a high of $46.1 million in Q1 2022 to a low of $4.7 million in Q1 2025.
- A 5-year average of $20.0 million and a median of $17.9 million in 2025 frame the typical range for Payables.
- Annual changes were most pronounced in 2023 — Payables sank 63.7% — and 2026, when it surged 353.74%.
- Tracing FTCI's Payables over 5 years: stood at $15.8 million in 2022, then sank by 49.5% to $8.0 million in 2023, then jumped by 62.87% to $13.0 million in 2024, then jumped by 99.52% to $25.9 million in 2025, then declined by 17.75% to $21.3 million in 2026.
- The last three Payables figures came in at $21.3 million (Q1 2026), $25.9 million (Q4 2025), and $16.3 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 346.33 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 535.97 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 124.59 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 321.42 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 460.14 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | 65.98 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 3.27 Bn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | 3.45 Bn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | 161.09 Mn |
| 10 | FTC Solar | 34.34 Mn | 23.27 Mn | -2.23 Mn | 34.08 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 34.08 Mn |
| Mar 31, 2026 | 21.33 Mn |
| Dec 31, 2025 | 25.93 Mn |
| Sep 30, 2025 | 16.31 Mn |
| Jun 30, 2025 | 17.87 Mn |
| Mar 31, 2025 | 4.70 Mn |
| Dec 31, 2024 | 13.00 Mn |
| Sep 30, 2024 | 18.74 Mn |
| Jun 30, 2024 | 17.58 Mn |
| Mar 31, 2024 | 12.06 Mn |
| Dec 31, 2023 | 7.98 Mn |
| Sep 30, 2023 | 9.78 Mn |
| Jun 30, 2023 | 27.05 Mn |
| Mar 31, 2023 | 23.70 Mn |
| Dec 31, 2022 | 15.80 Mn |
| Sep 30, 2022 | 26.95 Mn |
| Jun 30, 2022 | 34.92 Mn |
| Mar 31, 2022 | 46.10 Mn |
| Dec 31, 2021 | 39.26 Mn |
| Sep 30, 2021 | 16.56 Mn |