FTC Solar (FTCI) Research & Development (2020 - 2026)
FTC Solar posted quarterly Research & Development of $1.1 million for Q1 2026, up 21.0% year-on-year from $924000.0 in Q1 2025, and up 1.08% on a QoQ basis from $1.1 million in Q4 2025.
FTC Solar (FTCI) has 7 years of Research & Development data on file, last reported at $1.1 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 21.0% year-over-year to $1.1 million; the trailing twelve-month figure through Mar 2026 stood at $4.6 million (down 15.17% YoY), and the FY2025 full-year result was $4.4 million, down 25.83% from the prior year.
- Research & Development for Q1 2026 stood at $1.1 million, up from $1.1 million in the prior quarter.
- Across five years, Research & Development topped out at $2.7 million in Q2 2022 and bottomed at $924000.0 in Q1 2025.
- The 5-year median for Research & Development is $1.5 million (2024), against an average of $1.7 million.
- Peak annual rise in Research & Development reached 38.23% in 2022, while the deepest fall reached 51.44% in 2022.
- A 5-year view of Research & Development shows it stood at $2.4 million in 2022, then slumped by 39.86% to $1.4 million in 2023, then gained by 1.66% to $1.5 million in 2024, then slipped by 24.97% to $1.1 million in 2025, then advanced by 1.08% to $1.1 million in 2026.
- The last three Research & Development figures came in at $1.1 million (Q1 2026), $1.1 million (Q4 2025), and $1.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 66.94 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 43.17 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 21.68 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 44.87 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 50.16 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 10.14 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | - |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | - |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -33.12 Mn |
| 10 | FTC Solar | 73.33 Mn | 67.69 Mn | -1.23 Mn | 1.12 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.12 Mn |
| Dec 31, 2025 | 1.11 Mn |
| Sep 30, 2025 | 1.23 Mn |
| Jun 30, 2025 | 1.13 Mn |
| Mar 31, 2025 | 924,000.00 |
| Dec 31, 2024 | 1.47 Mn |
| Sep 30, 2024 | 1.47 Mn |
| Jun 30, 2024 | 1.54 Mn |
| Mar 31, 2024 | 1.44 Mn |
| Dec 31, 2023 | 1.45 Mn |
| Sep 30, 2023 | 1.92 Mn |
| Jun 30, 2023 | 1.87 Mn |
| Mar 31, 2023 | 1.92 Mn |
| Dec 31, 2022 | 2.41 Mn |
| Sep 30, 2022 | 2.13 Mn |
| Jun 30, 2022 | 2.71 Mn |
| Mar 31, 2022 | 2.70 Mn |
| Dec 31, 2021 | 1.89 Mn |
| Sep 30, 2021 | 2.12 Mn |
| Jun 30, 2021 | 5.58 Mn |
| Mar 31, 2021 | 1.95 Mn |
| Dec 31, 2020 | 1.18 Mn |
| Sep 30, 2020 | 1.44 Mn |
| Jun 30, 2020 | 1.52 Mn |
| Mar 31, 2020 | 1.09 Mn |