Growth Metrics

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

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DateValue
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