First Solar financials
$176.93+2.29%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.22B | $4.21B | $3.32B | $2.62B | $2.92B | $2.71B | $3.06B | $2.24B | $2.94B | $2.90B |
| Gross profit | $2.12B | $1.86B | $1.30B | $69.9M | $730.0M | $680.7M | $549.2M | $392.2M | $548.9M | $638.4M |
| Gross margin | 40.6% | 44.2% | 39.2% | 2.7% | 25.0% | 25.1% | 17.9% | 17.5% | 18.7% | 22.0% |
| Operating income | $1.60B | $1.39B | $850.4M | -$280.7M | $439.5M | $317.5M | -$161.8M | $40.1M | $177.9M | -$568.2M |
| Net income | $1.53B | $1.29B | $830.8M | -$44.2M | $468.7M | $398.4M | -$114.9M | $144.3M | -$165.6M | -$416.1M |
| Net margin | 29.3% | 30.7% | 25.0% | −1.7% | 16.0% | 14.7% | −3.8% | 6.4% | −5.6% | −14.3% |
| Diluted EPS | $14.21 | $12.02 | $7.74 | $-0.41 | $4.38 | $3.73 | $-1.09 | $1.36 | $-1.59 | $-4.05 |
| EBITDA | $2.13B | $1.82B | $1.19B | -$11.0M | $699.4M | $556.4M | $406.7M | $170.8M | $330.3M | $481.6M |
| Operating cash flow | $2.06B | $1.22B | $602.3M | $873.4M | $237.6M | $37.1M | $174.2M | -$326.8M | $1.34B | $206.8M |
| Free cash flow | $1.19B | -$308.1M | -$784.5M | -$30.2M | -$302.7M | -$379.5M | -$494.5M | -$1.07B | $826.3M | -$22.7M |
| Diluted shares | 107.5M | 107.5M | 107.4M | 106.6M | 106.9M | 106.7M | 105.3M | 106.1M | 104.3M | 102.9M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.80B | $1.62B | $1.95B | $1.48B | $1.45B | $1.23B |
| Short-term investments | $51.8M | $171.6M | $155.5M | $1.10B | $375.4M | $520.1M |
| Total debt | $498.6M | $609.8M | $560.3M | $184.3M | $239.9M | $279.2M |
| Total assets | $13.32B | $12.12B | $10.37B | $8.25B | $7.41B | $7.11B |
| Total liabilities | $3.78B | $4.15B | $3.68B | $2.42B | $1.45B | $1.59B |
| Shareholders' equity | $9.54B | $7.98B | $6.69B | $5.84B | $5.96B | $5.52B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology