What is FTC Solar's R&D?

FTC Solar (FTCI) reported R&D of $1.12M in Q1 2026.

How has FTC Solar's R&D changed year-over-year?

FTC Solar's R&D increased by 21.0% year-over-year, from $924K to $1.12M.

What is the long-term trend for FTC Solar's R&D?

Over 4 years (2021 to 2025), FTC Solar's R&D has grown at a -21.5% compound annual growth rate (CAGR), from $11.54M to $4.39M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

FTC Solar FTCI R&D

R&D at other companies

Nextpower Inc. NXT

$43.17M+83.0%

SolarEdge TechnologiesSEDG

$50.16M-19.1%

SunrunRUN

$10.14M+1.6%

StemSTEM

$6.58M-42.0%

First SolarFSLR

$66.94M+27.8%

NeoVoltaNEOV

$403.89K+1,345%

Other financials

Income statement

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Revenue$17.3M-17.0%

Gross profit-$1.2M+64.4%

Operating income-$12.1M-14.2%

Net income$32.6M+954%

EPS (diluted)-$0.72-24.1%

Balance sheet

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Cash & equivalents$5.6M-4.6%

Total debt$23.4M+110%

Total equity-$6.1M-140%

Total assets$97.8M+16.4%

Cash flow

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Operating cash flow-$12.8M-50.6%

CapEx$276.0K+233%

Free cash flow-$13.0M-52.3%

Valuation

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Market cap$81.31M+35.9%

Enterprise value$99.09M+45.6%

P/S0.9×-0.1×

Profitability

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Gross margin-12%-1.5pp

Operating margin-38.4%-14.1pp

Net margin-44.9%-13.5pp

FCF margin-40.6%-9.6pp

Returns & leverage

See full

Return on equity-175.8%-1,003pp

Debt / equity1.3×+1.3×

Current ratio1.3×-0.1×

Where this comes from

Reported directly by FTC Solar in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: FTC Solar’s 10-Q, filed May 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is FTC Solar's R&D?: FTC Solar (FTCI) reported R&D of $1.12M in Q1 2026.
How has FTC Solar's R&D changed year-over-year?: FTC Solar's R&D increased by 21.0% year-over-year, from $924K to $1.12M.
What is the long-term trend for FTC Solar's R&D?: Over 4 years (2021 to 2025), FTC Solar's R&D has grown at a -21.5% compound annual growth rate (CAGR), from $11.54M to $4.39M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.