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

Balance Sheet

Assets, liabilities, and equity analysis

Quarterly Balance Sheet (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
Total Current Assets	5.646B	5.646B	6.029B	5.902B	5.424B	4.574B	5.089B	3.818B	3.949B
Cash & Cash Equivalents	2.363B	2.363B	2.804B	1.992B	1.125B	837.641M	1.621B	1.005B	1.703B
Short-Term Investments	63.582M	63.582M	51.849M	47.747M	29.098M	53.119M	171.583M	264.691M	37.430M
Cash & Short-Term Investments	2.427B	2.427B	2.855B	2.040B	1.154B	890.760M	1.793B	1.270B	1.740B
Accounts Receivable	1.816B	1.816B	1.939B	2.253B	2.326B	1.963B	1.809B	904.060M	789.883M
Inventory	1.229B	1.229B	1.073B	1.427B	1.725B	1.571B	1.348B	1.503B	1.265B
Total Assets	13.351B	13.351B	13.321B	13.459B	12.858B	12.117B	12.124B	11.437B	11.014B
Property, Plant & Equipment	5.666B	5.666B	5.676B	5.760B	5.861B	5.777B	5.557B	5.474B	5.239B
Goodwill	30.582M	30.582M	31.095M	30.682M	30.555M	29.707M	28.335M	29.585M	28.834M
Intangible Assets	64.881M	64.881M	51.007M	51.262M	51.950M	52.637M	54.654M	56.645M	59.267M
Long-Term Investments	0.00	0.00	0.00	537.555M	0.00	0.00	0.00	0.00	0.00
Total Current Liabilities	2.208B	2.208B	2.254B	3.090B	2.853B	2.372B	2.077B	1.782B	1.773B
Accounts Payable	306.834M	306.834M	405.775M	284.542M	367.652M	427.799M	482.190M	265.320M	230.894M
Short-Term Debt	188.594M	188.594M	215.979M	466.232M	644.528M	197.201M	236.424M	208.261M	140.175M
Total Liabilities	3.473B	3.473B	3.783B	4.444B	4.312B	3.929B	4.147B	3.843B	3.759B
Long-Term Debt	237.182M	237.182M	282.593M	282.565M	327.972M	327.942M	373.354M	373.321M	418.725M
Total Debt	425.776M	425.776M	498.572M	891.915M	1.067B	630.392M	718.802M	694.143M	621.934M
Net Debt (Cash)	-1.937B	-1.937B	-2.305B	-1.100B	-57.670M	-207.249M	-902.574M	-310.987M	-1.081B
Total Shareholders' Equity	9.879B	9.879B	9.538B	9.015B	8.546B	8.187B	7.978B	7.594B	7.255B
Common Stock	107K	107K	107K	107K	107K	107K	107K	107K	107K
Retained Earnings	7.138B	7.138B	6.791B	6.270B	5.815B	5.473B	5.263B	4.870B	4.557B
Current Ratio	2.56	2.56	2.67	1.91	1.90	1.93	2.45	2.14	2.23
Debt to Equity Ratio	0.04	0.04	0.05	0.10	0.12	0.08	0.09	0.09	0.09

Annual Balance Sheet (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
Total Current Assets	6.029B	5.089B	4.635B	3.791B	3.191B	3.015B	3.600B	3.860B
Cash & Cash Equivalents	2.804B	1.621B	1.947B	1.481B	1.451B	1.227B	1.353B	1.404B
Short-Term Investments	51.849M	171.583M	155.495M	1.097B	375.389M	520.066M	811.506M	1.144B
Cash & Short-Term Investments	2.855B	1.793B	2.102B	2.578B	1.826B	1.747B	2.164B	2.547B
Accounts Receivable	1.939B	1.809B	1.408B	329.611M	454.709M	294.283M	712.293M	612.775M
Inventory	1.073B	1.348B	1.012B	783.296M	819.403M	702.121M	497.096M	444.818M
Total Assets	13.321B	12.124B	10.365B	8.251B	7.414B	7.109B	7.516B	7.121B
Property, Plant & Equipment	5.676B	5.557B	4.499B	3.630B	3.074B	2.872B	2.804B	2.065B
Goodwill	31.095M	28.335M	29.687M	14.462M	14.462M	14.462M	14.462M	14.462M
Intangible Assets	51.007M	54.654M	64.511M	31.106M	45.509M	56.138M	64.543M	74.162M
Long-Term Investments	0.00	0.00	0.00	0.00	0.00	0.00	2.812M	3.186M
Total Current Liabilities	2.254B	2.077B	1.306B	1.038B	726.878M	847.398M	1.318B	845.457M
Accounts Payable	405.775M	482.190M	207.178M	341.409M	193.374M	183.349M	218.081M	233.287M
Short-Term Debt	215.979M	236.424M	96.238M	0.00	3.896M	41.540M	17.510M	5.570M
Total Liabilities	3.783B	4.147B	3.678B	2.415B	1.454B	1.588B	2.419B	1.909B
Long-Term Debt	282.593M	373.354M	464.068M	184.349M	236.005M	237.691M	454.187M	461.221M
Total Debt	498.572M	718.802M	624.389M	234.131M	398.594M	482.271M	595.314M	466.791M
Net Debt (Cash)	-2.305B	-902.574M	-1.323B	-1.247B	-1.052B	-744.731M	-757.427M	-936.771M
Total Shareholders' Equity	9.538B	7.978B	6.687B	5.836B	5.960B	5.521B	5.097B	5.212B
Common Stock	107K	107K	107K	107K	106K	106K	105K	105K
Retained Earnings	6.791B	5.263B	3.971B	3.140B	3.184B	2.716B	2.327B	2.442B
Current Ratio	2.67	2.45	3.55	3.65	4.39	3.56	2.73	4.57
Debt to Equity Ratio	0.05	0.09	0.09	0.04	0.07	0.09	0.12	0.09

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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