Growth Metrics

First Solar (FSLR) Research & Development (2016 - 2025)

First Solar's Research & Development history spans 17 years, with the latest figure at $66.0 million for Q4 2025.

  • For Q4 2025, Research & Development rose 41.84% year-over-year to $66.0 million; the TTM value through Dec 2025 reached $233.4 million, up 21.97%, while the annual FY2025 figure was $233.4 million, 21.97% up from the prior year.
  • Research & Development reached $66.0 million in Q4 2025 per FSLR's latest filing, up from $60.6 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $66.0 million in Q4 2025 to a low of $19.9 million in Q1 2021.
  • Average Research & Development over 5 years is $39.5 million, with a median of $39.0 million recorded in 2023.
  • Peak YoY movement for Research & Development: decreased 22.41% in 2021, then surged 45.65% in 2023.
  • A 5-year view of Research & Development shows it stood at $29.9 million in 2021, then grew by 4.7% to $31.3 million in 2022, then skyrocketed by 40.21% to $43.9 million in 2023, then increased by 6.01% to $46.5 million in 2024, then skyrocketed by 41.84% to $66.0 million in 2025.
  • Per Business Quant, the three most recent readings for FSLR's Research & Development are $66.0 million (Q4 2025), $60.6 million (Q3 2025), and $54.5 million (Q2 2025).