What is FTC Solar's cash ratio?

FTC Solar (FTCI) reported cash ratio of 0.1× in Q1 2026.

How has FTC Solar's cash ratio changed year-over-year?

FTC Solar's cash ratio decreased by 23.4% year-over-year, from 0.1× to 0.1×.

What is the long-term trend for FTC Solar's cash ratio?

Over 5 years (2020 to 2025), FTC Solar's cash ratio has grown at a -10.6% compound annual growth rate (CAGR), from 0.5× to 0.3×.

What does cash ratio mean?

Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.

FTC Solar FTCI Cash ratio

Cash ratio at other companies

Array Technologies, Inc.ARRY

0.5×-0.3×

Nextpower Inc. NXT

0.9×+0.2×

Shoals Technologies Group, Inc.SHLS

0×-0.4×

SolarEdge TechnologiesSEDG

0.6×+0.1×

SunrunRUN

0.5×0.0×

StemSTEM

0.4×-0.1×

Other financials

Income statement

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Revenue$17.3M-17.0%

Gross profit-$1.2M+64.4%

Operating income-$12.1M-14.2%

Net income$32.6M+954%

EPS (diluted)-$0.72-24.1%

Balance sheet

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Cash & equivalents$5.6M-4.6%

Total debt$23.4M+110%

Total equity-$6.1M-140%

Total assets$97.8M+16.4%

Cash flow

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Operating cash flow-$12.8M-50.6%

CapEx$276.0K+233%

Free cash flow-$13.0M-52.3%

Valuation

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Market cap$81.31M+35.9%

Enterprise value$99.09M+45.6%

P/S0.9×-0.1×

Profitability

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Gross margin-12%-1.5pp

Operating margin-38.4%-14.1pp

Net margin-44.9%-13.5pp

FCF margin-40.6%-9.6pp

Returns & leverage

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Return on equity-175.8%-1,003pp

Debt / equity1.3×+1.3×

Current ratio1.3×-0.1×

Where this comes from

Calculated from FTC Solar’s reported figures.

cash and equivalents/total current liabilities=0.1×

Based on the most recent quarter.

The official record: FTC Solar’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTC Solar's cash ratio?: FTC Solar (FTCI) reported cash ratio of 0.1× in Q1 2026.
How has FTC Solar's cash ratio changed year-over-year?: FTC Solar's cash ratio decreased by 23.4% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for FTC Solar's cash ratio?: Over 5 years (2020 to 2025), FTC Solar's cash ratio has grown at a -10.6% compound annual growth rate (CAGR), from 0.5× to 0.3×.
What does cash ratio mean?: Cash and equivalents divided by current liabilities at the quarter end. The most conservative liquidity measure — what the company could pay immediately with cash on hand.