FTC Solar, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 4, 2026
FTCI$1.55-2.5%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Balance Sheets
| (in thousands, except shares and per share data) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $5,076 | $21,105 |
| Restricted cash | 11,608 | — |
| Accounts receivable, net of allowance for credit losses of $3,086 and $3,069 at September 30, 2026 and December 31, 2025, respectively | 57,730 | 55,743 |
| Inventories | 8,139 | 9,627 |
| Prepaid and other current assets | 21,025 | 11,294 |
| Total current assets | 103,578 | 97,769 |
| Operating lease right-of-use assets | 1,506 | 983 |
| Finance lease right-of-use assets | 435 | — |
| Property and equipment, net | 3,550 | 3,793 |
| Goodwill | 7,748 | 7,444 |
| Other assets | 2,227 | 1,823 |
| Total assets | $119,044 | $111,812 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Current liabilities | ||
| Accounts payable | $16,162 | $13,247 |
| Short-term debt | 24,780 | 12,681 |
| Accrued expenses | 56,725 | 23,770 |
| Income taxes payable | 748 | 630 |
| Deferred revenue | 8,672 | 7,172 |
| Other current liabilities | 13,396 | 10,725 |
| Total current liabilities | 120,483 | 68,225 |
| Long-term debt | — | 9,921 |
| Operating lease liability, net of current portion | 947 | 553 |
| Finance lease liability, net of current portion | 334 | — |
| Deferred income taxes | 229 | — |
| Warrant liability | 13,157 | 74,515 |
| Other non-current liabilities | 1,309 | 1,556 |
| Total liabilities | 136,459 | 154,770 |
| Commitments and contingencies (Note 12) | ||
| Stockholders’ deficit | ||
| Preferred stock par value of $0.0001 per share, 10,000,000 shares authorized; none issued as of September 30, 2026 and December 31, 2025 | — | — |
| Common stock par value of $0.0001 per share, 850,000,000 shares authorized; 18,152,140 and 15,537,344 shares issued and outstanding as of September 30, 2026 and December 31, 2025 | 2 | 2 |
| Treasury stock, at cost; 1,076,257 shares as of September 30, 2026 and December 31, 2025 | — | — |
| Additional paid-in capital | 397,686 | 384,648 |
| Accumulated other comprehensive gain (loss) | 38 | (290) |
| Accumulated deficit | (415,141) | (427,318) |
| Total stockholders' deficit | (17,415) | (42,958) |
| Total liabilities and stockholders’ deficit | $119,044 | $111,812 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.