Quick Answer
FTC Solar, Inc. reported R&D Expense of $4.39 million for fiscal year 2025.
FTC Solar, Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $4.39M | -25.8% |
| 2024 | $5.92M | -17.5% |
| 2023 | $7.17M | -28.0% |
| 2022 | $9.95M | -13.8% |
| 2021 | $11.54M | +121.0% |
| 2020 | $5.22M | +31.9% |
| 2019 | $3.96M | — |
Quarterly R&D Expense
| Quarter Ending | R&D Expense | YoY | QoQ |
|---|---|---|---|
| September 30, 2025 | $1.23M | -16.3% | +8.8% |
| June 30, 2025 | $1.13M | -26.4% | +22.2% |
| March 31, 2025 | $924.0K | -35.8% | -37.0% |
| September 30, 2024 | $1.47M | -23.6% | -4.4% |
| June 30, 2024 | $1.53M | -18.0% | +6.7% |
| March 31, 2024 | $1.44M | -25.1% | -25.1% |
| September 30, 2023 | $1.92M | -9.6% | +2.6% |
| June 30, 2023 | $1.87M | -30.9% | -2.5% |
- FTC Solar, Inc. showed a decrease of -25.8% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, FTC Solar, Inc.’s r&d expense has grown by 10.8% (from $3.96 million to $4.39 million).
- The most recent figure is from FTC Solar, Inc.’s fiscal year 2025 report (Form 10-K), filed with the SEC on March 24, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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