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| Date | Value |
|---|---|
| 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 |