FTC Solar (FTCI) Tax Provisions (2020 - 2026)
FTC Solar's (FTCI) quarterly Tax Provisions came in at $220000.0 in Q2 2026, up 450.0% on a YoY basis from $40000.0 in Q2 2025, and up 10.0% quarter-over-quarter from $200000.0 in Q1 2026.
Analysis
FTC Solar (FTCI) Tax Provisions (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has reported Tax Provisions for 7 consecutive years, with $220000.0 the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Tax Provisions rose 450.0% year-over-year to $220000.0; the trailing twelve-month figure through Jun 2026 stood at -$16.5 million (down 66.08% YoY), and the FY2025 full-year result was -$16.6 million, down 63.41% from the prior year.
- Tax Provisions advanced to $220000.0 in Q2 2026 per FTCI's latest filing, from $200000.0 in the prior quarter.
- Across five years, Tax Provisions topped out at $254000.0 in Q1 2025 and bottomed at -$20.8 million in Q4 2022.
- Historically, Tax Provisions has averaged -$3.2 million across 5 years, with a median of $57000.0 in 2024.
- The sharpest annual moves came in 2022 and 2025: Tax Provisions sank 468.29% in 2022, then surged 2409.09% in 2025.
- Over 5 years, Tax Provisions stood at -$20.8 million in 2022, then surged by 48.14% to -$10.8 million in 2023, then gained by 3.26% to -$10.5 million in 2024, then sank by 61.98% to -$16.9 million in 2025, then soared by 101.3% to $220000.0 in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered $220000.0, $200000.0, and -$16.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | 36.81 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 33.57 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 25.82 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 2.33 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 781,000.00 |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 3.36 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | -16.34 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 7.40 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | 24.12 Mn |
| 10 | FTC Solar | 36.75 Mn | 25.68 Mn | -2.23 Mn | 220,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 220,000.00 |
| Mar 31, 2026 | 200,000.00 |
| Dec 31, 2025 | -16.94 Mn |
| Sep 30, 2025 | 44,000.00 |
| Jun 30, 2025 | 40,000.00 |
| Mar 31, 2025 | 254,000.00 |
| Dec 31, 2024 | -10.46 Mn |
| Sep 30, 2024 | 244,000.00 |
| Jun 30, 2024 | 70,000.00 |
| Mar 31, 2024 | -11,000.00 |
| Dec 31, 2023 | -10.81 Mn |
| Sep 30, 2023 | 170,000.00 |
| Jun 30, 2023 | -122,000.00 |
| Mar 31, 2023 | 131,000.00 |
| Dec 31, 2022 | -20.85 Mn |
| Sep 30, 2022 | -151,000.00 |
| Jun 30, 2022 | 90,000.00 |
| Mar 31, 2022 | 80,000.00 |
| Dec 31, 2021 | -22.49 Mn |
| Sep 30, 2021 | 41,000.00 |