What is FTC Solar's invested capital?

FTC Solar (FTCI) reported invested capital of $11.64M in Q1 2026.

How has FTC Solar's invested capital changed year-over-year?

FTC Solar's invested capital decreased by 43.9% year-over-year, from $20.76M to $11.64M.

What is the long-term trend for FTC Solar's invested capital?

Over 5 years (2020 to 2025), FTC Solar's invested capital has grown at a 12.4% compound annual growth rate (CAGR), from -$22.54M to -$40.5M.

What does invested capital mean?

Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

FTC Solar FTCI Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

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18.8%+0.1pp

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12.2%+0.5pp

Cabot CorporationCBT

14.7%-6.0pp

Envista Holdings CorporationNVST

3.4%+1.8pp

Liberty Broadband CorporationLBRDK

-0.3%-0.1pp

Archer AviationACHR

-129.7%-62.3pp

Other financials

Income statement

See full

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

See full

Cash & equivalents$5.6M-4.6%

Total debt$23.4M+110%

Total equity-$6.1M-140%

Total assets$97.8M+16.4%

Cash flow

See full

Operating cash flow-$12.8M-50.6%

CapEx$276.0K+233%

Free cash flow-$13.0M-52.3%

Valuation

See full

Market cap$81.31M+35.9%

Enterprise value$99.09M+45.6%

P/S0.9×-0.1×

Profitability

See full

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

See full

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.

$23.4Mtotal debt−$6.1Mtotal stockholders equity−$5.6Mcash and equivalents=$11.64M

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 invested capital?: FTC Solar (FTCI) reported invested capital of $11.64M in Q1 2026.
How has FTC Solar's invested capital changed year-over-year?: FTC Solar's invested capital decreased by 43.9% year-over-year, from $20.76M to $11.64M.
What is the long-term trend for FTC Solar's invested capital?: Over 5 years (2020 to 2025), FTC Solar's invested capital has grown at a 12.4% compound annual growth rate (CAGR), from -$22.54M to -$40.5M.
What does invested capital mean?: Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).