Financial Statements · From SEC 10-K & 10-Q XBRL Filings
First Solar Inc. Revenue & Financial Statements
First Solar Inc. reported revenue of $5.2B for the fiscal year ended December 31, 2025, up 24.1% year over year, with net income of $1.5B and diluted EPS of $14.21.
- Company
- First Solar Inc. FSLR · NASDAQ
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 2.9B | 2.6B | 3.3B | 4.2B | 5.2B |
| Cost of revenue | 2.2B | 2.5B | 2.0B | 2.3B | 3.1B |
| Gross profit | 730.0M | 69.9M | 1.3B | 1.9B | 2.1B |
| Operating income | 586.8M | (27.2M) | 857.3M | 1.4B | 1.6B |
| Pretax income | 256.9M | 26.2M | 103.7M | 189.1M | (177.9M) |
| Net income | 434.1M | (139.6M) | 848.5M | 1.3B | 1.5B |
| Diluted EPS | 4.38 | -0.41 | 7.74 | 12.02 | 14.21 |
| EBITDA | — | — | — | — | — |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 794.1M | 1.0B | 887.7M | 1.5B | 844.6M | 1.1B | 1.6B | 1.7B |
| Cost of revenue | 448.1M | 511.6M | 442.4M | 946.4M | 500.2M | 597.3M | 984.1M | 1.0B |
| Gross profit | 346.0M | 498.9M | 445.3M | 567.7M | 344.4M | 499.9M | 610.7M | 665.3M |
| Operating income | 243.1M | 372.5M | 322.0M | 456.8M | 221.2M | 361.6M | 466.1M | 547.9M |
| Pretax income | 255.5M | 377.1M | 327.3M | 446.3M | 217.1M | 352.2M | 460.3M | 551.3M |
| Net income | 227.1M | 344.6M | 332.4M | 377.9M | 222.5M | 352.0M | 462.0M | 520.9M |
| Diluted EPS | 2.20 | 3.25 | 2.91 | 3.66 | 1.95 | 3.18 | 4.24 | 4.84 |
| EBITDA | — | — | — | — | — | — | — | — |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 7.4B | 8.3B | 10.4B | 12.1B | 13.3B |
| Current assets | 3.2B | 3.8B | 4.6B | 5.1B | 6.0B |
| Cash & equivalents | 1.5B | 1.5B | 1.9B | 1.6B | 2.8B |
| Total liabilities | 1.5B | 2.4B | 3.7B | 4.1B | 3.8B |
| Current liabilities | 726.9M | 1.0B | 1.3B | 2.1B | 2.3B |
| Long-term debt | 236.0M | 184.3M | 464.1M | 373.4M | 282.6M |
| Total debt | 236.0M | 184.3M | 464.1M | 373.4M | 282.6M |
| Stockholders’ equity | 6.0B | 5.8B | 6.7B | 8.0B | 9.5B |
| Net debt | (1.2B) | (1.3B) | (1.5B) | (1.2B) | (2.5B) |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | 237.6M | 873.4M | 602.3M | 1.2B | 2.1B |
| Investing cash flow | (99.0M) | (1.2B) | (472.8M) | (1.6B) | (765.2M) |
| Financing cash flow | 40.5M | 309.4M | 336.9M | 24.8M | (119.2M) |
| Capital expenditure | 540.3M | 903.6M | 1.4B | 1.5B | 869.9M |
| Free cash flow | (302.7M) | (30.2M) | (784.5M) | (308.1M) | 1.2B |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 20.9M | 28.7M | 34.2M | 28.1M | 19.2M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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