FTC Solar (FTCI) Payables (2020 - 2026)
FTC Solar posted quarterly Payables of $21.3 million for Q1 2026, up 353.74% year-on-year 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) has 7 years of Payables data on file, last reported 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.
- Across five years, Payables topped out at $46.1 million in Q1 2022 and bottomed at $4.7 million in Q1 2025.
- The 5-year median for Payables is $17.9 million (2025), against an average of $20.0 million.
- The widest annual swing landed in 2023, when Payables tumbled 63.7%; it then surged 353.74% in 2026.
- A 5-year view of Payables shows it stood at $15.8 million in 2022, then plunged by 49.5% to $8.0 million in 2023, then surged by 62.87% to $13.0 million in 2024, then surged by 99.52% to $25.9 million in 2025, then fell 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | 306.83 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 533.49 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 3.17 Bn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 113.46 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 404.51 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 343.23 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 80.43 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 142.17 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | 3.45 Bn |
| 10 | FTC Solar | 73.33 Mn | 67.69 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 |
| Mar 31, 2021 | 30.11 Mn |
| Dec 31, 2020 | 18.13 Mn |