FTC Solar (FTCI) Payables (2020 - 2026)
FTC Solar's Payables was $40.94 million in Q3 2026, up 151.0% from $16.31 million a year earlier and up 20.1% from the prior quarter.
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Analysis
FTC Solar (FTCI) Payables (2020 - 2026) Analysis & Trends
At the end of FY2025, Payables at FTC Solar came in at $25.93 million, up 99.5% from FY2024.
- Payables shows a five-year compound annual growth rate of 7.4% (FY2020 to FY2025).
- In earlier years, Payables was $13 million in FY2024 (+62.9%), $7.98 million in FY2023 (-49.5%), $15.8 million in FY2022 (-59.8%) and $39.26 million in FY2021 (+116.6%).
- The Q3 2026 figure marks the highest quarterly Payables since Q1 2022.
- Compared with a year earlier, Payables has increased for four straight quarters, with growth averaging 57.5% over the last eight quarters.
- The best year-over-year quarter for Payables over five years was Q3 2026 (growth of 151.0%); the worst was Q3 2023 (a decline of 63.7%).
- Per Business Quant data, FTCI's Payables in the three quarters before Q3 2026 was $34.08 million (Q2 2026), $21.33 million (Q1 2026) and $25.93 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 212.47 Bn | 164.72 Bn | 3.11 Bn | 10.79 Bn |
| 2 | Bloom Energy | 56.73 Bn | 46.66 Bn | 417.10 Mn | 493.03 Mn |
| 3 | First Solar | 18.42 Bn | 9.79 Bn | 713.06 Mn | 338.20 Mn |
| 4 | Nextpower | 14.32 Bn | 10.03 Bn | 345.32 Mn | 643.66 Mn |
| 5 | BWX Technologies | 11.27 Bn | 9.04 Bn | 227.14 Mn | 281.64 Mn |
| 6 | Generac Holdings | 11.25 Bn | 9.99 Bn | 516.04 Mn | 682.57 Mn |
| 7 | Innio | 10.93 Bn | 7.17 Bn | 367.70 Mn | 546.30 Mn |
| 8 | EnerSys | 5.13 Bn | 3.44 Bn | 284.35 Mn | 394.49 Mn |
| 9 | Mirion Technologies | 4.30 Bn | 2.71 Bn | 131.50 Mn | 67.50 Mn |
| 10 | FTC Solar | 19.06 Mn | -35.44 Mn | 1.90 Mn | 40.94 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 40.94 Mn |
| 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 | 14.64 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 |
API Access
FTC Solar Payables 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=payables&ticker=FTCI&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payables", "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=payables&ticker=FTCI&period=max&api_key=YOUR_API_KEY");
const data = await res.json();