First Solar, Inc. (FSLR) Financial Statements
Historical financial data — 42 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
Quarterly figures are standalone quarters, de-cumulated from YTD filings (Q4 = FY − Q3 YTD when not reported).
| Period | Revenue | Net Income | Gross Profit | EBIT | Op. Cash Flow | Total Assets | Total Debt | Equity |
|---|---|---|---|---|---|---|---|---|
| Q3 FY2024 | $887.7M-12.2% | $313.0M | $445.3M | $322.0M | $-53.7M | $11.44B | $581.6M | $7.59B |
| Q4 FY2024 | $1.51B+70.6% | $393.1M | $567.7M | $456.8M | $811.0M | $12.12B | $609.8M | $7.98B |
| Q1 FY2025 | $844.6M-44.2% | $209.5M | $344.4M | $221.2M | $-608.0M | $12.12B | $525.1M | $8.19B |
| Q2 FY2025 | $1.10B+29.9% | $341.9M | $499.9M | $361.6M | $149.6M | $12.86B | $577.9M | $8.55B |
| Q3 FY2025 | $1.59B+45.4% | $455.9M | $610.7M | $466.1M | $1.27B | $13.46B | $555.0M | $9.02B |
| Q4 FY2025 | $1.68B+5.5% | $520.9M | $665.3M | $547.9M | $1.24B | $13.32B | $498.6M | $9.54B |
| Q1 FY2026 | $1.04B-37.9% | $346.6M | $486.1M | $345.3M | $-214.9M | $13.35B | $587.1M | $9.88B |
| Q2 FY2026 | $1.06B+1.1% | $422.6M | $605.0M | $450.4M | $-144.9M | $13.39B | $194.0M | $10.32B |
Balance Sheet Summary (Q2 FY2026)
First Solar, Inc. (FSLR) Financial Statements & Revenue History
First Solar, Inc. (FSLR) is a US-listed stock operating in the Technology sector, specifically the Semiconductors & Related Devices industry trading at $172.49 with a market capitalization of $19. This page provides 42 historical financial statements for First Solar, Inc., including income statement, balance sheet, and cash flow data across multiple reporting periods. Most recently, First Solar, Inc. reported revenue of $5.2 billion, representing 24.1% year-over-year growth. The net profit margin of 29.3% reflects strong profitability. The debt-to-equity ratio of 0.05 shows conservative leverage.
FSLR Income Statement, Balance Sheet & Cash Flow
The financial statements table above shows First Solar, Inc.'s revenue, net income, gross profit, EBIT, operating cash flow, total assets, total debt, and shareholders' equity across the most recent reporting periods. Year-over-year growth rates help identify whether FSLR is accelerating or decelerating in terms of top-line revenue and bottom-line profitability.
- Revenue trend: Track FSLR's top-line growth across quarters and fiscal years to identify acceleration or deceleration in the business.
- Profitability: Net income and gross profit margins reveal how efficiently First Solar, Inc. converts revenue into earnings.
- Balance sheet health: Total assets, liabilities, debt, and equity provide a snapshot of FSLR's financial position and leverage.
- Cash flow: Operating cash flow shows how much cash the business generates from its core operations, which is critical for funding dividends, buybacks, and growth.
How to Use FSLR Financial Data
Investors use First Solar, Inc.'s financial statements to assess the company's financial health, growth trajectory, and valuation. Key metrics to focus on include:
- Revenue growth rate: Consistent double-digit revenue growth suggests a strong business; declining revenue may signal competitive pressure.
- Net profit margin: Higher margins indicate a more efficient business with pricing power. Compare FSLR's margins to sector peers for context.
- Debt levels: High debt-to-equity ratios increase financial risk, especially in rising-rate environments. Low debt provides flexibility.
- Valuation multiples: See how FSLR's P/E, P/S, and EV/EBITDA ratios compare to historical levels.
- Full analysis: View FSLR's financial health score, earnings, and pre-market pricing.
Financial data is sourced from First Solar, Inc.'s SEC filings (10-K, 10-Q) via Polygon.io and Finnhub.FSLR trades on NYSE/NASDAQ. This page is for informational purposes only and is not financial advice.