FTC Solar (FTCI) Research & Development (2020 - 2026)

FTC Solar (FTCI) posted Research & Development of $1.1 million for Q1 2026, up 288.19% on a QoQ basis from $288000.0 in Q4 2025, and down 1.58% year-over-year from $1.1 million in Q1 2025.

FTC Solar (FTCI) Research & Development (2020 - 2026) Analysis & Trends

FTC Solar's Research & Development history runs 7 years deep, the most recent figure standing at $1.1 million for Q1 2026.

  • Quarterly Research & Development fell 1.58% year-over-year to $1.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $4.4 million (down 56.39% YoY) and the FY2025 annual result came in at $4.4 million, down 50.6% from the prior year.
  • Research & Development was $1.1 million for Q1 2026 at FTC Solar, up from $288000.0 in the prior quarter.
  • Across five years, Research & Development topped out at $9.1 million in Q4 2023 and bottomed at $288000.0 in Q4 2025.
  • A 5-year average of $2.5 million and a median of $1.9 million in 2023 frame the typical range for Research & Development.
  • Annual changes were most pronounced in 2023 — Research & Development jumped 711.33% — and 2025, when it tumbled 93.51%.
  • FTC Solar's Research & Development stood at $1.1 million in 2022, then soared by 711.33% to $9.1 million in 2023, then plunged by 51.18% to $4.4 million in 2024, then tumbled by 93.51% to $288000.0 in 2025, then soared by 288.19% to $1.1 million in 2026.
  • Business Quant data shows FTCI's Research & Development at $1.1 million in Q1 2026, $288000.0 in Q4 2025, and $1.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 66.94 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 43.17 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 48.09 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -33.12 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 27.45 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 178.53 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn -
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn 21.68 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn -
10 FTC Solar 48.88 Mn 43.25 Mn -1.23 Mn 1.12 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 1.12 Mn
Dec 31, 2025 288,000.00
Sep 30, 2025 1.67 Mn
Jun 30, 2025 1.29 Mn
Mar 31, 2025 1.14 Mn
Dec 31, 2024 4.44 Mn
Sep 30, 2024 2.41 Mn
Jun 30, 2024 2.04 Mn
Mar 31, 2024 1.44 Mn
Dec 31, 2023 9.10 Mn
Sep 30, 2023 6.32 Mn
Jun 30, 2023 1.87 Mn
Mar 31, 2023 1.71 Mn
Dec 31, 2022 1.12 Mn
Sep 30, 2022 1.99 Mn
Jun 30, 2022 2.93 Mn
Mar 31, 2022 1.97 Mn
Dec 31, 2021 5.12 Mn
Sep 30, 2021 2.22 Mn
Jun 30, 2021 5.58 Mn