FTC Solar, Inc.

For the period ended Dec 31, 2024. Filed Mar 31, 2025.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Mar 31, 2025

FTCI$1.55-2.5%Stored close · as of Nov 10, 2026

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Contents

Financial Statements and Supplementary Data

Item 8. Financial Statements and Supplementary Data.

INDEX TO FINANCIAL STATEMENTS

	Page
Audited Consolidated Financial Statements
Report of Independent Registered Public Accounting Firm (PCAOB ID 243)	59
Consolidated Balance Sheets	60
Consolidated Statements of Comprehensive Loss	61
Consolidated Statements of Changes in Stockholders' Equity	62
Consolidated Statements of Cash Flows	63
Notes to Consolidated Financial Statements	64
Note 1. Description of business	64
Note 2. Summary of significant accounting policies	64
Note 3. Sale of Atlas software platform	74
Note 4. Reductions in force	74
Note 5. Accounts receivable, net	75
Note 6. Inventories, net	76
Note 7. Prepaid and other current assets	76
Note 8. Leases	76
Note 9. Property and equipment, net	77
Note 10. Intangible assets, net and goodwill	78
Note 11. Equity method investment	78
Note 12. Accrued expenses and other current liabilities	79
Note 13. Income taxes	80
Note 14. Debt	82
Note 15. Commitments and contingencies	83
Note 16. Stockholders' equity	84
Note 17. Stock compensation and other employee benefit plans	85
Note 18. Related party transactions	88
Note 19. Net loss per share	90
Note 20. Fair value measurements	90
Note 21. Sale of investment in unconsolidated subsidiary	90
Note 22. Segment information and certain concentrations	91
Note 23. Subsequent events	93

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.