FTC Solar (FTCI) Payables (2020 - 2026)
FTC Solar (FTCI) reported Payables of $21.3 million for Q1 2026, up 353.74% on a YoY basis from $4.7 million in Q1 2025, and down 17.75% quarter-over-quarter from $25.9 million in Q4 2025.
FTC Solar (FTCI) Payables (2020 - 2026) Analysis & Trends
FTC Solar has reported Payables for 7 years, with the latest figure at $21.3 million in Q1 2026.
- For the quarter ending Q1 2026, Payables rose 353.74% year-over-year to $21.3 million; the trailing twelve-month figure through Mar 2026 stood at $21.3 million (up 353.74% YoY), and the FY2025 full-year result was $25.9 million, up 99.52% from the prior year.
- Payables for Q1 2026 stood at $21.3 million, down from $25.9 million in the prior quarter.
- The five-year high for Payables was $46.1 million in Q1 2022, with the low at $4.7 million in Q1 2025.
- Historically, Payables has averaged $20.0 million across 5 years, with a median of $17.9 million in 2025.
- Annual changes were most pronounced in 2023 — Payables sank 63.7% — and 2026, when it surged 353.74%.
- FTC Solar's Payables 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 306.83 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 533.49 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 113.46 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 404.51 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | 343.23 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 80.43 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 142.17 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | 3.45 Bn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 14.09 Mn |
| 10 | FTC Solar | 68.50 Mn | 62.86 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 |