FTC Solar (FTCI) Payables (2020 - 2026)
FTC Solar's (FTCI) quarterly Payables came in at $34.1 million in Q2 2026, up 90.73% on a YoY basis from $17.9 million in Q2 2025, and up 59.79% quarter-over-quarter from $21.3 million in Q1 2026.
Analysis
FTC Solar (FTCI) Payables (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Payables for 7 consecutive years, with $34.1 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Payables rose 90.73% year-over-year to $34.1 million; the trailing twelve-month figure through Jun 2026 stood at $34.1 million (up 90.73% YoY), and the FY2025 full-year result was $25.9 million, up 99.52% from the prior year.
- Payables advanced to $34.1 million in Q2 2026 per FTCI's latest filing, from $21.3 million in the prior quarter.
- Across five years, Payables topped out at $46.1 million in Q1 2022 and bottomed at $8.0 million in Q4 2023.
- Historically, Payables has averaged $21.3 million across 5 years, with a median of $18.3 million in 2024.
- The sharpest annual moves came in 2023 and 2025: Payables slumped 63.7% in 2023, then surged 99.52% in 2025.
- Over 5 years, 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 jumped by 31.43% to $34.1 million in 2026.
- According to Business Quant data, Payables over the past three periods registered $34.1 million, $21.3 million, and $25.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Payables (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 346.33 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 535.97 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 124.59 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 460.14 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 127.09 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 65.98 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 4.13 Bn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 161.09 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 3.17 Bn |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | 34.08 Mn |
Historic Data
Download Data
Historic 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 | 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 |
| Sep 30, 2021 | 16.56 Mn |