FTCI (FTC Solar) Scaled Net Operating Assets: 0.10 (As of Mar. 2026)


FTCI FTC Solar Inc FTCI
64 GF Score
Price $4.79
GF Value $5.49
Valuation Modestly Undervalued
! 6 Warning Signs
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What is FTC Solar Scaled Net Operating Assets?

FTC Solar FTCI +5.04% 64 Scaled Net Operating Assets is 0.10 as of Mar. 2026. GuruFocus rates FTCI with a GF Score™ of 64/100 and a GF Value™ of $5.49 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FTC Solar's operating assets for the quarter that ended in Mar. 2026 was $92.21 Mil. FTC Solar's operating liabilities for the quarter that ended in Mar. 2026 was $80.58 Mil. FTC Solar's Total Assets for the quarter that ended in Dec. 2025 was $111.81 Mil. Therefore, FTC Solar's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.10.

FTC Solar Scaled Net Operating Assets Historical Data

* Premium members only.

The historical data trend for FTC Solar's Scaled Net Operating Assets can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FTC Solar Scaled Net Operating Assets Chart

FTC Solar Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Scaled Net Operating Assets
Get a 7-Day Free Trial 0.60 0.10 0.29 0.15 -0.45

FTC Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Scaled Net Operating Assets Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.23 0.21 -0.25 -0.36 0.10

FTCI vs ASTI, PN, SPRU: Scaled Net Operating Assets Comparison

For the Solar subindustry, FTC Solar's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

FTC Solar Scaled Net Operating Assets vs Semiconductors Industry

For the Semiconductors industry and Technology sector, FTC Solar's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where FTC Solar's Scaled Net Operating Assets falls into.


FTCI
64GF Score
FTC Solar Inc FTCI
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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FTC Solar Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

FTC Solar's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2025 )
=(Operating Assets (A: Dec. 2025 )-Operating Liabilities (A: Dec. 2025 ))/Total Assets (A: Dec. 2024 )
=(90.707-131.211)/89.928
=-0.45

where

Operating Assets(A: Dec. 2025 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=111.812 - 21.105
=90.707

Operating Liabilities(A: Dec. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=154.77 - 10.474 - 13.085
=131.211

FTC Solar's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Dec. 2025 )
=(92.21-80.575)/111.812
=0.10

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Cash, Cash Equivalents, Marketable Securities
=97.849 - 5.639
=92.21

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=103.998 - 13.323 - 10.1
=80.575

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.10 mean?
FTC Solar (FTCI) has a Scaled Net Operating Assets of 0.10 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FTC Solar and its competitors.
Is FTC Solar's Scaled Net Operating Assets too high?
FTC Solar's current Scaled Net Operating Assets is 0.10. Overall, FTC Solar has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's Scaled Net Operating Assets compare to ASTI and PN?
FTC Solar's Scaled Net Operating Assets of 0.10 can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for a Semiconductors company?
A good Scaled Net Operating Assets depends on the Semiconductors industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on FTC Solar and its competitors. FTC Solar's current Scaled Net Operating Assets is 0.10. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTC Solar stock overvalued right now?
Based on GuruFocus' analysis, FTC Solar (FTCI) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.49, compared to a current price of $4.79 — trading 12.8% below its estimated fair value. The current Scaled Net Operating Assets is 0.10. FTC Solar's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For FTC Solar (FTCI), the current Scaled Net Operating Assets is 0.10 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FTC Solar (FTCI) Overvalued in 2026?

Based on GuruFocus' analysis, FTC Solar stock appears to be undervalued. The current stock price of $4.79 is trading 12.8% below its estimated GF Value™ of $5.49. GuruFocus considers FTC Solar to be Modestly Undervalued.

Key valuation signals for FTCI:

  • Scaled Net Operating Assets: 0.10
  • GF Value™: $5.49 vs. price of $4.79 (12.8% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the FTCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FTC Solar Business Description

Other Exchanges 6YK0:Germany
Address 10900 Stonelake Boulevard, Suite 100, Quarry Oaks II Building, Austin, TX, USA, 78759
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
64GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.79
Price
$5.49
GF Value