FTC Solar (FTCI) Payables (2020 - 2026)
FTC Solar (FTCI) posted Payables of $21.3 million for Q1 2026, down 17.75% on a QoQ basis from $25.9 million in Q4 2025, and up 353.74% year-over-year from $4.7 million in Q1 2025.
FTC Solar (FTCI) Payables (2020 - 2026) Analysis & Trends
FTC Solar's Payables history runs 7 years deep, the most recent figure standing at $21.3 million for 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 was $21.3 million for Q1 2026 at FTC Solar, down from $25.9 million in the prior quarter.
- Across five years, Payables topped out at $46.1 million in Q1 2022 and bottomed at $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 plunged 63.7% — and 2026, when it surged 353.74%.
- FTC Solar's Payables stood at $15.8 million in 2022, then tumbled by 49.5% to $8.0 million in 2023, then soared by 62.87% to $13.0 million in 2024, then soared by 99.52% to $25.9 million in 2025, then retreated by 17.75% to $21.3 million in 2026.
- Business Quant data shows FTCI's Payables at $21.3 million in Q1 2026, $25.9 million in Q4 2025, and $16.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 306.83 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 533.49 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 113.46 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 3.45 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 404.51 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 343.23 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 80.43 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 3.27 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 142.17 Mn |
| 10 | FTC Solar | 48.88 Mn | 43.25 Mn | -1.23 Mn | 21.33 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 27.62 Mn |