Company / R&D Expense
First Solar R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$233.4M
FY2025
5-year range
$99.1M / $233.4M
FY2021-FY2025
Trend
+22.0%
vs FY2024
Sector context
#107 of 264
Information Technology
What the data says
At $233M, First Solar's r&d expense ranks #107 of 264 in the Information Technology sector. R&D Expense has increased for 5 consecutive years, from $94M in FY2020 to $233M in FY2025.
Based on SEC 10-K filings.
$233M in FY2025 with a 5-year CAGR of +20.0%.
Improved from $152M to $233M over the past 2 years.
Information Technology sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +27.4%
- 5-Year CAGR
- +20.0%
- 10-Year CAGR
- -
Sector benchmark
#107 of 264 in Information TechnologyTop 41% of 264This company $233.4M Sector average $924.6M
▼
-74.8% below sector average
Key checks
Key Insights
- First Solar's r&d expense has grown for 5 consecutive years.
- 5-year CAGR of +20.0%, indicating consistent growth.
- In FY2025, r&d expense increased 22.0% year-over-year.
- Ranks #107 out of 264 companies in the Information Technology sector.
Company context
Key Data Points
- Strong profit margin: 27.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $233.4M | +22.0% |
| FY2024 | $191.4M | +25.7% |
| FY2023 | $152.3M | +35.0% |
| FY2022 | $112.8M | +13.8% |
| FY2021 | $99.1M | +5.7% |
| FY2020 | $93.7M | -3.0% |
| FY2019 | $96.6M | +14.4% |
| FY2018 | $84.5M | -4.6% |
| FY2017 | $88.6M | -29.0% |
| FY2016 | $124.8M | -4.5% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026