FTCI (FTC Solar) Research & Development: $4.58 Mil (TTM As of Mar. 2026)


FTCI FTC Solar Inc FTCI
64 GF Score
Price $4.56
GF Value $5.49
Valuation Modestly Undervalued
! 6 Warning Signs
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What is FTC Solar Research & Development?

FTC Solar FTCI -8.43% 64 Research & Development is $4.58 Mil as of Mar. 2026. GuruFocus rates FTCI with a GF Score™ of 64/100 and a GF Value™ of $5.49 (Modestly Undervalued). The stock has 6 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. FTC Solar's Research & Development for the three months ended in Mar. 2026 was $1.12 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was $4.58 Mil.

FTC Solar  (NAS:FTCI) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

FTC Solar Research & Development Related Terms

FTC Solar Research & Development Historical Data

* Premium members only.

The historical data trend for FTC Solar's Research & Development can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FTC Solar Research & Development Chart

FTC Solar Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial 11.54 9.95 7.17 5.92 4.39

FTC Solar Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 1.13 1.23 1.11 1.12
FTCI
64GF Score
FTC Solar Inc FTCI
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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FTC Solar Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $4.58 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of $4.58 Mil mean?
FTC Solar (FTCI) has a Research & Development of $4.58 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on FTC Solar and its competitors.
Is FTC Solar's Research & Development too high?
FTC Solar's current Research & Development is $4.58 Mil. Overall, FTC Solar has a GF Score™ of 64/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does FTC Solar's Research & Development compare to ASTI and PN?
FTC Solar's Research & Development of $4.58 Mil can be compared against companies in the Semiconductors industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Research & Development for a Semiconductors company?
A good Research & Development depends on the Semiconductors industry context. However, Research & Development should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on FTC Solar and its competitors. FTC Solar's current Research & Development is $4.58 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FTC Solar stock overvalued right now?
Based on GuruFocus' analysis, FTC Solar (FTCI) is currently considered Modestly Undervalued. The stock's GF Value™ is $5.49, compared to a current price of $4.56 — trading 16.9% below its estimated fair value. The current Research & Development is $4.58 Mil. FTC Solar's overall GF Score™ is 64/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For FTC Solar (FTCI), the current Research & Development is $4.58 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FTC Solar (FTCI) Overvalued in 2026?

Based on GuruFocus' analysis, FTC Solar stock appears to be undervalued. The current stock price of $4.56 is trading 16.9% below its estimated GF Value™ of $5.49. GuruFocus considers FTC Solar to be Modestly Undervalued.

Key valuation signals for FTCI:

  • Research & Development: $4.58 Mil
  • GF Value™: $5.49 vs. price of $4.56 (16.9% below fair value)
  • GF Score™: 64/100 with 6 warning signs

No single metric tells the full story. See the FTCI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

FTC Solar Business Description

Other Exchanges 6YK0:Germany
Address 10900 Stonelake Boulevard, Suite 100, Quarry Oaks II Building, Austin, TX, USA, 78759
FTC Solar Inc is a provider of solar tracker systems, supported by proprietary software and value-added engineering services. The company's Solar tracker systems move solar panels throughout the day to maintain an optimal orientation relative to the sun, thereby increasing the amount of solar energy produced at a solar installation. It focuses on providing differentiated products, software, and services that maximize energy generation. The company has launched a new mounting solution to support the installation and use of U.S.-manufactured thin-film modules by project owners. The only segment the company is engaged in is the Manufacturing and Servicing of Solar tracker systems.
64GF Score

Get the complete analysis for FTCI

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$4.56
Price
$5.49
GF Value