First Solar, Inc. (FSLR)FSLRFirst Solar, Inc.

Financials

Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	5.419B	1.044B	1.683B	1.595B	1.097B	844.568M	1.514B	887.668M	1.010B
Cost of Goods Sold	3.158B	558.847M	1.017B	984.111M	597.320M	486.809M	946.370M	442.357M	511.593M
Gross Profit	2.261B	485.393M	665.341M	610.745M	499.850M	357.759M	567.661M	445.311M	498.889M
Gross Profit Margin	46.5%	46.5%	39.5%	38.3%	45.6%	42.4%	37.5%	50.2%	49.4%
Total Operating Expenses	463.902M	132.275M	116.634M	107.916M	107.077M	105.553M	110.892M	123.312M	126.378M
Research & Development	247.976M	66.944M	65.953M	60.592M	54.487M	52.389M	46.499M	50.197M	51.937M
Selling, General & Administrative	215.926M	65.331M	50.681M	47.324M	52.590M	53.164M	49.582M	46.293M	46.560M
Operating Income (EBIT)	1.797B	353.118M	548.707M	502.829M	392.773M	252.206M	456.769M	321.999M	372.511M
Operating Margin	33.8%	33.8%	32.6%	31.5%	35.8%	29.9%	30.2%	36.3%	36.9%
Income Before Tax (EBT)	1.718B	354.334M	551.342M	460.345M	352.167M	217.059M	446.346M	327.342M	377.131M
Interest Income	91.759M	28.862M	27.489M	23.308M	12.100M	18.865M	14.666M	22.580M	24.599M
Interest Expense	42.221M	7.615M	11.301M	14.121M	9.184M	9.525M	10.887M	9.008M	9.765M
Other Income/Expense	-79.239M	1.216M	2.635M	-42.484M	-40.606M	-35.147M	-10.423M	5.343M	4.620M
Net Income	1.665B	346.619M	520.883M	455.943M	341.868M	209.535M	393.116M	312.956M	349.356M
Income Tax Expense	52.875M	7.715M	30.459M	4.402M	10.299M	7.524M	53.230M	14.386M	27.775M
Net Profit Margin	33.2%	33.2%	31.0%	28.6%	31.2%	24.8%	26.0%	35.3%	34.6%
EBITDA	2.311B	509.342M	703.274M	612.528M	485.998M	352.460M	581.652M	447.508M	484.233M
EBITDA Margin	48.8%	48.8%	41.8%	38.4%	44.3%	41.7%	38.4%	50.4%	47.9%
Depreciation & Amortization	550.733M	147.393M	140.631M	138.062M	124.647M	125.876M	124.419M	111.158M	97.337M
EPS Basic	15.52	3.23	4.85	4.25	3.19	1.96	3.67	2.92	3.26
EPS Diluted	15.48	3.22	4.84	4.24	3.18	1.95	3.65	2.91	3.25
Shares Outstanding	107.355M	107.355M	107.308M	107.264M	107.245M	107.122M	107.058M	107.049M	107.042M
Diluted Shares Outstanding	107.623M	107.623M	107.655M	107.538M	107.518M	107.415M	107.595M	107.562M	107.525M

Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	5.219B	4.206B	3.319B	2.619B	2.923B	2.711B	3.063B	2.244B
Cost of Goods Sold	3.099B	2.348B	2.018B	2.549B	2.193B	2.031B	2.514B	1.852B
Gross Profit	2.121B	1.858B	1.301B	69.858M	729.954M	680.673M	549.212M	392.177M
Gross Profit Margin	40.6%	44.2%	39.2%	2.7%	25.0%	25.1%	17.9%	17.5%
Total Operating Expenses	437.180M	463.444M	443.413M	97.094M	143.203M	363.184M	710.997M	352.064M
Research & Development	233.421M	191.375M	152.307M	112.804M	99.115M	93.738M	96.611M	84.472M
Selling, General & Administrative	203.759M	188.262M	197.622M	164.724M	170.320M	222.918M	205.471M	176.857M
Operating Income (EBIT)	1.684B	1.394B	857.266M	-27.236M	586.751M	317.489M	-161.785M	40.113M
Operating Margin	32.3%	33.2%	25.8%	-1.0%	20.1%	11.7%	-5.3%	1.8%
Income Before Tax (EBT)	1.581B	1.406B	891.290M	8.598M	572.162M	291.061M	-120.413M	147.767M
Interest Income	81.762M	89.090M	97.667M	33.284M	6.179M	16.559M	48.886M	59.788M
Interest Expense	44.131M	38.870M	12.965M	12.225M	13.107M	24.036M	27.066M	25.921M
Other Income/Expense	-102.612M	11.918M	34.024M	35.834M	-14.589M	-26.428M	41.372M	107.654M
Net Income	1.528B	1.292B	830.777M	-44.166M	468.693M	398.355M	-114.933M	144.326M
Income Tax Expense	52.684M	114.294M	60.513M	52.764M	103.469M	-107.294M	-5.480M	3.441M
Net Profit Margin	29.3%	30.7%	25.0%	-1.7%	16.0%	14.7%	-3.8%	6.4%
EBITDA	2.154B	1.869B	1.212B	290.547M	845.169M	550.151M	112.412M	269.804M
EBITDA Margin	41.3%	44.4%	36.5%	11.1%	28.9%	20.3%	3.7%	12.0%
Depreciation & Amortization	529.216M	423.498M	307.994M	269.724M	259.900M	232.925M	205.475M	130.736M
EPS Basic	14.25	12.07	7.78	-0.41	4.41	3.76	-1.09	1.38
EPS Diluted	14.21	12.02	7.74	-0.41	4.38	3.73	-1.09	1.36
Shares Outstanding	107.235M	107.015M	106.795M	106.551M	106.263M	105.867M	105.310M	104.745M
Diluted Shares Outstanding	107.537M	107.525M	107.372M	106.551M	106.924M	106.686M	105.310M	106.113M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About First Solar, Inc.

First Solar, Inc. is a global provider of photovoltaic (PV) solar energy solutions, operating in numerous international markets including the United States, Japan, France, Canada, India, and Australia. The company's primary activity involves the engineering, manufacturing, and sale of cadmium telluride solar modules, which are designed to convert solar radiation directly into electricity. Its clientele is broad, serving system developers and operators, utility companies, independent power producers, commercial and industrial businesses, and various other system owners. Founded in 1999, the firm is based in Tempe, Arizona, and underwent a name change in 2006 from its former designation, First Solar Holdings, Inc.

Phoenix, AZ

8,100 employees

www.firstsolar.com

Energy / Solar

Sector: Energy
Industry: Solar
CEO: Mark R. Widmar

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