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FIRST SOLAR, INC. R&D Expense 2007-2026 | FSLR

Annual FY2007–FY2025 · quarterly through Q1 FY2026

Latest annual · FY2025

$233.4M

+22.0%YoY vs FY2024Source: 10-KFY2025

From $15.1M in FY2007 to $233.4M in FY2025: 15.5× in 18 years.

By quarter▲▼ vs a year before
Fiscal yearQ1Q2Q3Q4
FY26$67M+27.8%Not reportedNot reportedNot reported
FY25$52M+22.6%$54M+4.9%$61M+20.7%$66M+41.8%
FY24$43M+40.1%$52M+41.3%$50M+21.9%$46M+6.0%
FY23$31M+12.5%$37M+45.6%$41M+41.1%$44M+40.2%
FY22$27M+36.4%$25M+5.4%$29M+14.8%$31M+4.7%
Share23%24%26%27%

Shaded by size: darkest is the largest quarter shown; ringed is the latest reported; a dash marks a quarter with no separate figure. Each quarter sits by its period-end date. Share: its typical part of the fiscal year.

Key Statistics

Trend DirectionGrowing
CAGR

+20.0%

FY2020
$93.7M
FY2025
$233.4M

5 years selected · on the chart

01—History

R&D Expense History

Year-over-year comparison from 10-K annual reports

  19. $233.4M
YoY changeLargest recent move+35.0%in FY23Latest +22.0%

2 older moves run past ±50% (largest +133.2%); point at, tap or drag across the bars to read one.

02—Ledger

R&D Expense, period by period

PeriodValueChangeSource
FY2025$233.4M+22.0%10-K
FY2024$191.4M+25.7%10-K
FY2023$152.3M+35.0%10-K
FY2022$112.8M+13.8%10-K
FY2021$99.1M+5.7%10-K
FY2020$93.7M−3.0%10-K
FY2019$96.6M+14.4%10-K
FY2018$84.5M−4.6%10-K
FY2017$88.6M−29.0%10-K
FY2016$124.8M−4.5%10-K
FY2015$130.6M−9.3%10-K
FY2014$144.0M+7.2%10-K
FY2013$134.3M+1.4%10-K
FY2012$132.5M−5.7%10-K
FY2011$140.5M+48.2%10-K
FY2010$94.8M+21.3%10-K
FY2009$78.2M+133.2%10-K
FY2008$33.5M+121.9%10-K
FY2007$15.1M—10-K

03—Questions

What is r&d expense?

Research and development expense represents the costs incurred in discovering and developing new products, processes, or technologies.

What is FIRST SOLAR, INC.'s current r&d expense?

FIRST SOLAR, INC. (FSLR) annual r&d expense for 2025 was $233.4M, a 21.97% increase from 2024. FIRST SOLAR, INC. r&d expense for the quarter ending March 31, 2026 was $66.9M.

What was FIRST SOLAR, INC.'s r&d expense in 2024?

FIRST SOLAR, INC. annual r&d expense for 2024 was $191.4M, a 25.65% increase from 2023.

What was FIRST SOLAR, INC.'s r&d expense in 2023?

FIRST SOLAR, INC. annual r&d expense for 2023 was $152.3M, a 35.02% increase from 2022.

What is FIRST SOLAR, INC.'s 5-year r&d expense CAGR?

FIRST SOLAR, INC. r&d expense grew at a compound annual growth rate (CAGR) of 20.02% from FY2020 to FY2025, going from $93.7M to $233.4M over 5 years.

Company
FIRST SOLAR, INC.
Ticker
FSLR
Sector
Technology
Industry
Semiconductors & Related Devices
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