FTC Solar, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||
| Net Income | $-79.6M | $-48.6M | $-50.3M | $-99.6M | $-106.6M | $-15.9M | $-13.5M |
| Depreciation & Amortization | $1.3M | $1.7M | $1.4M | $900.0K | $232.0K | $47.0K | $412.0K |
| Depreciation | $1.3M | $1.1M | $833.0K | $631.0K | $232.0K | $14.0K | $12.0K |
| Amortization | — | $500.0K | $500.0K | $300.0K | $0 | — | — |
| Stock-Based Compensation | $5.0M | $5.4M | $8.3M | $20.3M | $61.8M | $1.8M | $906.0K |
| Net Cash from Operating Activities | $-33.4M | $-34.7M | $-52.7M | $-54.5M | $-132.9M | $629.0K | $-254.0K |
| Investing Activities | |||||||
| Capital Expenditures | $1.1M | $1.6M | $816.0K | $985.0K | $1.0M | $256.0K | $18.0K |
| Business Acquisitions | — | — | $0 | $5.1M | $0 | — | — |
| Net Cash from Investing Activities | $2.8M | $6.3M | $-397.0K | $-4.2M | $21.3M | $1.9M | $-18.0K |
| Financing Activities | |||||||
| Dividends Paid | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | $0 | $0 | $54.2M | $0 | $0 |
| Net Cash from Financing Activities | $40.4M | $14.5M | $34.0M | $903.0K | $180.4M | $22.6M | $7.0M |
| Net Change in Cash | $9.9M | $-14.0M | $-19.2M | $-57.8M | $68.8M | $25.1M | $6.7M |
| Free Cash Flow | $-34.6M | $-36.3M | $-53.5M | $-55.5M | $-133.9M | $373.0K | $-272.0K |