FTC Solar (FTCI) Research & Development (2020 - 2026)
FTC Solar's (FTCI) quarterly Research & Development came in at $1.1 million in Q1 2026, down 1.58% YoY from $1.1 million in Q1 2025, and up 288.19% on a QoQ basis from $288000.0 in Q4 2025.
FTC Solar (FTCI) Research & Development (2020 - 2026) Analysis & Trends
FTC Solar (FTCI) has 7 years of Research & Development data on file, last reported at $1.1 million in 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 rose to $1.1 million in Q1 2026, from $288000.0 in the prior quarter.
- In the past five years, Research & Development ranged from a high of $9.1 million in Q4 2023 to a low of $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 plunged 93.51%.
- Tracing FTCI's Research & Development over 5 years: stood at $1.1 million in 2022, then jumped by 711.33% to $9.1 million in 2023, then slumped by 51.18% to $4.4 million in 2024, then sank by 93.51% to $288000.0 in 2025, then jumped by 288.19% to $1.1 million in 2026.
- The last three Research & Development figures came in at $1.1 million (Q1 2026), $288000.0 (Q4 2025), and $1.7 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | 76.24 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn | 44.51 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn | 45.66 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn | 190.68 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 52.75 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn | - |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn | 81.05 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn | -33.12 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn | - |
| 10 | FTC Solar | 34.34 Mn | 23.27 Mn | -2.23 Mn | 2.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.07 Mn |
| 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 |