Company research
FIRST SOLAR, INC.
CIK 1274494Updated Sep 27, 2026
SecurityFSLR · NASDAQ · equity
Name history
FIRST SOLAR HOLDINGS LLC · through Dec 23, 2003
FSLR price & chart
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NASDAQ:FSLR on TradingView ↗In the news
FSLR FINAL DEADLINE: ROSEN, TOP-RANKED INVESTOR COUNSEL, Encourages First Solar, Inc. Investors to Secure Counsel Before Important August 24 Deadline in Securities Class Action – FSLR ↗
Pomerantz Law Firm Announces the Filing of a Class Action Against First Solar, Inc. and Certain Officers - FSLR ↗
Panamint Capital Breaks Ground on Historic 1.2 GW Solar Project at Texas Energy Site ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 13,321,310,000Source | 12,124,361,000Source | 10,365,132,000Source | 8,251,228,000Source |
| Property, Plant and Equipment, NetUSD | 5,675,794,000Source | 5,413,683,000Source | 4,397,285,000Source | 3,536,902,000Source |
| GoodwillUSD | 31,095,000Source | 28,335,000Source | 29,687,000Source | 14,462,000Source |
| Intangible Assets, Net (Excluding Goodwill)USD | 51,007,000Source | 54,654,000Source | 64,511,000Source | 31,106,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 2,803,514,000Source | 1,621,376,000Source | 1,946,994,000Source | 1,481,269,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 1,294,040,000Source | 1,261,049,000Source | 660,776,000Source | 324,337,000Source |
| Inventory, NetUSD | 736,734,000Source | 1,084,384,000Source | 819,899,000Source | 621,376,000Source |
| Assets, CurrentUSD | 6,028,832,000Source | 5,089,033,000Source | 4,634,809,000Source | 3,791,421,000Source |
| Operating Lease, Right-of-Use AssetUSD | 161,756,000Source | 114,283,000Source | 84,419,000Source | 93,185,000Source |
| Other Assets, NoncurrentUSD | 759,669,000Source | 697,770,000Source | 478,604,000Source | 319,842,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 3,783,317,000Source | 4,146,784,000Source | 3,677,663,000Source | 2,415,173,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedUSD | 107,000Source | 107,000Source | 107,000Source | 107,000Source |
| Retained Earnings (Accumulated Deficit)USD | 6,791,339,000Source | 5,263,110,000Source | 3,971,066,000Source | 3,140,289,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -155,466,000Source | -184,058,000Source | -174,131,000Source | -191,817,000Source |
| Stockholders' Equity Attributable to ParentUSD | 9,537,993,000Source | 7,977,577,000Source | 6,687,469,000Source | 5,836,055,000Source |
| Additional Paid in Capital, Common StockUSD | 2,902,013,000Source | 2,898,418,000Source | 2,890,427,000Source | 2,887,476,000Source |
| Liabilities and EquityUSD | 13,321,310,000Source | 12,124,361,000Source | 10,365,132,000Source | 8,251,228,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 2,254,102,000Source | 2,077,442,000Source | 1,306,158,000Source | 1,038,048,000Source |
| Operating Lease, Liability, CurrentUSD | 15,183,000Source | 11,799,000Source | 10,307,000Source | 9,193,000Source |
| Accounts Payable, CurrentUSD | 405,775,000Source | 482,190,000Source | 207,178,000Source | 341,409,000Source |
| Operating Lease, Liability, NoncurrentUSD | 103,753,000Source | 66,211,000Source | 36,662,000Source | 40,589,000Source |
| Deferred Income Tax Liabilities, NetUSD | 69,691,000Source | 54,696,000Source | 42,771,000Source | 28,929,000Source |
| Other Liabilities, NoncurrentUSD | 295,587,000Source | 233,769,000Source | 180,710,000Source | 119,937,000Source |
| Additional Financial Items | ||||
| Accrued Liabilities, CurrentUSD | 519,414,000Source | 508,581,000Source | 524,829,000Source | 382,782,000Source |
| Deferred Revenue, CurrentUSD | 1,014,386,000Source | 712,000,000Source | 413,579,000Source | 263,215,000Source |
| Deferred Revenue, NoncurrentUSD | 805,018,000Source | 1,327,825,000Source | 1,591,604,000Source | 944,725,000Source |
| Deferred Tax Liabilities, NetUSD | — | — | — | 169,776,000Source |
| Long-term Debt, Current MaturitiesUSD | — | — | — | 0Source |
| Long-term Debt, Excluding Current MaturitiesUSD | 282,593,000Source | 373,354,000Source | 464,068,000Source | 184,349,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 19,223,000Source | 28,104,000Source | 34,219,000Source | 28,656,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | -30,620,000Source | 505,336,000Source | 304,183,000Source | -118,724,000Source |
| Increase (Decrease) in InventoriesUSD | -377,718,000Source | 276,807,000Source | 205,106,000Source | -16,693,000Source |
| Deferred Income Tax Expense (Benefit)USD | 38,008,000Source | -19,903,000Source | -13,232,000Source | -6,053,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 2,057,105,000Source | 1,217,999,000Source | 602,260,000Source | 873,369,000Source |
| Cash flows from investing activities: | ||||
| Payments to Acquire Businesses, Net of Cash AcquiredUSD | 0Source | 0Source | 35,739,000Source | — |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -765,168,000Source | -1,563,307,000Source | -472,791,000Source | -1,192,574,000Source |
| Payments for (Proceeds from) Other Investing ActivitiesUSD | 8,394,000Source | 12,991,000Source | 9,046,000Source | 3,050,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 869,875,000Source | 1,526,076,000Source | 1,386,775,000Source | 903,605,000Source |
| Cash flows from financing activities: | ||||
| Payment, Tax Withholding, Share-based Payment ArrangementUSD | 15,525,000Source | 20,178,000Source | 31,130,000Source | 12,092,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -119,228,000Source | 24,849,000Source | 336,853,000Source | 309,392,000Source |
| Proceeds from (Payments for) Other Financing ActivitiesUSD | -810,000Source | -7,613,000Source | — | 0Source |
| Repayments of Long-term DebtUSD | — | — | — | 75,896,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | -326,846,000Source | 471,607,000Source | 37,625,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 2,814,031,000Source | 1,638,223,000Source | 1,965,069,000Source | 1,493,462,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Income Taxes Paid, NetUSD | 43,161,000Source | -94,200,000Source | 90,900,000Source | — |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 3,099,000Source | -6,387,000Source | 5,285,000Source | 47,438,000Source |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 19,223,000Source | 28,104,000Source | 34,219,000Source | 28,656,000Source |
| Amortization of Intangible AssetsUSD | 4,100,000Source | 10,500,000Source | 10,500,000Source | 10,900,000Source |
| Debt Securities, Available-for-sale, Realized Gain (Loss)USD | — | — | -9,000Source | 0Source |
| Depreciation, Amortization and Accretion, NetUSD | 529,216,000Source | 423,498,000Source | 307,994,000Source | 269,724,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -38,569,000Source | -24,976,000Source | -21,533,000Source | -16,414,000Source |
| Gain (Loss) on Disposition of BusinessUSD | 0Source | 1,115,000Source | 6,883,000Source | 253,511,000Source |
| GoodwillUSD | 31,095,000Source | 28,335,000Source | 29,687,000Source | 14,462,000Source |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Income Tax Expense (Benefit)USD | 52,684,000Source | 114,294,000Source | 60,513,000Source | 52,764,000Source |
| InterestExpenseNonoperatingUSD | 44,131,000Source | 38,870,000Source | — | — |
| Investment Income, InterestUSD | — | — | — | 33,284,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,528,229,000Source | 1,292,044,000Source | 830,777,000Source | -44,166,000Source |
| Operating ExpensesUSD | 523,475,000Source | 464,559,000Source | 450,296,000Source | 350,605,000Source |
| Other Nonoperating Income (Expense)USD | -15,013,000Source | -13,326,000Source | -29,145,000Source | 31,189,000Source |
| Proceeds from Issuance of Long-term DebtUSD | — | — | — | 397,380,000Source |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-saleUSD | 1,653,536,000Source | 2,491,857,000Source | 4,563,890,000Source | 2,646,787,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 5,219,376,000Source | 4,206,289,000Source | 3,318,602,000Source | 2,619,319,000Source |
| Cost of RevenueUSD | 3,099,037,000Source | 2,348,425,000Source | 2,017,923,000Source | 2,549,461,000Source |
| Selling, General and Administrative ExpenseUSD | 203,759,000Source | 188,262,000Source | 197,622,000Source | 164,724,000Source |
| Operating Income (Loss)USD | 1,596,864,000Source | 1,394,420,000Source | 857,266,000Source | -27,236,000Source |
| Other Nonoperating Income (Expense)USD | -15,013,000Source | -13,326,000Source | -29,145,000Source | 31,189,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | 1,580,913,000Source | 1,406,338,000Source | 891,290,000Source | 8,598,000Source |
| Income Tax Expense (Benefit)USD | 52,684,000Source | 114,294,000Source | 60,513,000Source | 52,764,000Source |
| Net Income (Loss) Attributable to ParentUSD | 1,528,229,000Source | 1,292,044,000Source | 830,777,000Source | -44,166,000Source |
| Earnings Per Share, BasicUSD per share | 14.25Source | 12.07Source | 7.78Source | -0.41Source |
| Earnings Per Share, DilutedUSD per share | 14.21Source | 12.02Source | 7.74Source | -0.41Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 107,235,000Source | 107,015,000Source | 106,795,000Source | 106,551,000Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 107,537,000Source | 107,525,000Source | 107,372,000Source | 106,551,000Source |
| Interest Expense (non-operating)USD | 44,131,000Source | 38,870,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 4,100,000Source | 10,500,000Source | 10,500,000Source | 10,900,000Source |
| Current Income Tax Expense (Benefit)USD | 14,676,000Source | 134,197,000Source | 73,745,000Source | 58,817,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -38,569,000Source | -24,976,000Source | -21,533,000Source | -16,414,000Source |
| Goodwill, Impairment LossUSD | 0Source | — | — | — |
| Gross ProfitUSD | 2,120,339,000Source | 1,857,864,000Source | 1,300,679,000Source | 69,858,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, DomesticUSD | 1,758,802,000Source | 1,217,274,000Source | 787,598,000Source | -17,652,000Source |
| Income (Loss) from Equity Method InvestmentsUSD | — | — | — | 0Source |
| Interest ExpenseUSD | — | — | 12,965,000Source | 12,225,000Source |
| Investment Income, InterestUSD | — | — | — | 33,284,000Source |
| Investment Income, NetUSD | 81,762,000Source | 89,090,000Source | 97,667,000Source | — |
| Operating ExpensesUSD | 523,475,000Source | 464,559,000Source | 450,296,000Source | 350,605,000Source |
| Research and Development ExpenseUSD | 233,421,000Source | 191,375,000Source | 152,307,000Source | 112,804,000Source |