First Solar, Inc. (FSLR) Financial Statements
Historical financial data — 41 statements covering FY2016–FY2025
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunl...
First Solar, Inc.'s revenue increased 24.1% year over year, from $4.21B to $5.22B.
Net income increased 18.3% over the same period, from $1.29B to $1.53B.
Over the 9-year period from FY2016 to FY2025, revenue grew by 77% in total.
Total debt decreased by 18.2% to $498.6M.
The debt-to-equity ratio stands at 0.05, indicating a conservative leverage profile.
Operating cash flow grew 68.9% to $2.06B.
First Solar, Inc. maintains a strong net profit margin of 29.3%.
Recent Financial Statements
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2023 | $2.16B+58.9% | $481.5M | $798.6M | $459.5M | $41.2M | $9.58B | $464.0M | $6.30B |
| Q1 FY2024 | $794.1M-63.2% | $236.6M | $346.0M | $243.1M | $267.7M | $10.76B | $619.6M | $6.90B |
| Q2 FY2024 | $1.80B+127.2% | $586.0M | $844.9M | $615.7M | $460.7M | $11.01B | $558.9M | $7.26B |
| Q3 FY2024 | $2.69B+49.2% | $898.9M | $1.29B | $937.7M | $407.0M | $11.44B | $581.6M | $7.59B |
| Q1 FY2025 | $844.6M-68.6% | $209.5M | $344.4M | $221.2M | $-608.0M | $12.12B | $525.1M | $8.19B |
| Q2 FY2025 | $1.94B+129.9% | $551.4M | $844.3M | $582.9M | $-458.4M | $12.86B | $577.9M | $8.55B |
| Q3 FY2025 | $3.54B+82.1% | $1.01B | $1.45B | $1.05B | $815.2M | $13.46B | $555.0M | $9.02B |
| Q1 FY2026 | $1.04B-70.5% | $346.6M | $486.1M | $345.3M | $-214.9M | $13.35B | $425.8M | $9.88B |
Balance Sheet Summary (Latest Period)
Total Assets
$13.32B
Total Liabilities
$3.78B
Total Equity
$9.54B
Cash & Equivalents
$2.86B
Total Debt
$498.6M
Current Assets
$6.03B
Current Liabilities
$2.25B
Retained Earnings
$6.79B