FIRST SOLAR, INC.
FIRST SOLAR, INC.
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Financial Statements
Values in Millions ($) | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Financial statements beyond 3 years are for subscribers only. Unlock 17+ years of income statements, balance sheets, and cash flow statements Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 1,688 | 2,363 | 2,804 | 1,992 | 1,125 | 838 | 1,621 | 1,005 | 1,703 | 1,682 | 1,947 | 1,493 | |||||
Available For Sale Securities Debt Securities Curr… | 39 | 64 | 52 | 48 | 29 | 53 | 172 | 265 | 37 | 308 | 155 | 330 | |||||
Accounts Receivable Net Current | 1,476 | 1,374 | 1,294 | 1,442 | 1,731 | 1,606 | 1,261 | 762 | 648 | 670 | 661 | 754 | |||||
Grants Receivable Current | 285 | 285 | 500 | 684 | 483 | 214 | 404 | 7 | 6 | 185 | 660 | - | |||||
Inventory Net | 1,088 | 894 | 737 | 1,101 | 1,414 | 1,286 | 1,084 | 1,251 | 1,028 | 971 | 820 | 883 | |||||
Other Assets Current | 741 | 666 | 643 | 635 | 642 | 577 | 547 | 529 | 527 | 426 | 392 | 332 | |||||
Assets Current | 5,317 | 5,646 | 6,029 | 5,902 | 5,424 | 4,574 | 5,089 | 3,818 | 3,949 | 4,241 | 4,635 | 3,824 | |||||
Property Plant And Equipment Net | 5,644 | 5,666 | 5,676 | 5,760 | 5,723 | 5,638 | 5,414 | 5,326 | 5,139 | 4,916 | 4,397 | 4,073 | |||||
Deferred Income Tax Assets Net | 199 | 207 | 195 | 184 | 205 | 204 | 209 | 238 | 202 | 170 | 143 | 133 | |||||
Debt Securities Available For Sale Restricted | 214 | 215 | 217 | 216 | 214 | 211 | 199 | 211 | 200 | 194 | 198 | 184 | |||||
Grants Receivable Noncurrent | 979 | 538 | 126 | 296 | 239 | 430 | 158 | 872 | 607 | 348 | 152 | 582 | |||||
Goodwill | 30 | 31 | 31 | 31 | 31 | 30 | 28 | 30 | 29 | 29 | 30 | 28 | |||||
Intangible Assets Net Excluding Goodwill | 63 | 65 | 51 | 51 | 52 | 53 | 55 | 57 | 59 | 62 | 65 | 66 | |||||
Inventory Noncurrent | 186 | 217 | 237 | 255 | 270 | 277 | 275 | 270 | 274 | 265 | 267 | 261 | |||||
Other Assets Noncurrent | 757 | 767 | 760 | 766 | 702 | 700 | 698 | 616 | 555 | 536 | 479 | 430 | |||||
Assets | 13,389 | 13,351 | 13,321 | 13,459 | 12,858 | 12,117 | 12,124 | 11,437 | 11,014 | 10,761 | 10,365 | 9,583 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 346 | 307 | 406 | 285 | 368 | 428 | 482 | 265 | 231 | 239 | 207 | 111 | |||||
Accrued Income Taxes Current | 47 | 23 | 7 | 79 | 79 | 82 | 77 | 98 | 81 | 52 | 22 | 34 | |||||
Accrued Liabilities Current | 410 | 437 | 519 | 588 | 593 | 555 | 509 | 521 | 540 | 528 | 525 | 600 | |||||
Long Term Debt Current | - | - | - | - | - | - | - | - | - | - | - | 35 | |||||
Debt Current | 38 | 189 | 216 | 272 | 250 | 197 | 236 | 208 | 140 | 201 | 96 | - | |||||
Deferred Revenue Current | 1,179 | 1,203 | 1,014 | 1,555 | 1,058 | 1,042 | 712 | 645 | 689 | 693 | 414 | 372 | |||||
Other Liabilities Current | 92 | 50 | 91 | 312 | 505 | 68 | 61 | 44 | 91 | 46 | 42 | 47 | |||||
Liabilities Current | 2,112 | 2,208 | 2,254 | 3,090 | 2,853 | 2,372 | 2,077 | 1,782 | 1,773 | 1,759 | 1,306 | 1,199 | |||||
Long Term Debt Noncurrent | 0 | 237 | 283 | 283 | 328 | 328 | 373 | 373 | 419 | 419 | 464 | 464 | |||||
Deferred Revenue Noncurrent | 519 | 582 | 805 | 663 | 765 | 859 | 1,328 | 1,320 | 1,259 | 1,375 | 1,592 | 1,350 | |||||
Other Liabilities Noncurrent | 292 | 300 | 296 | 263 | 222 | 232 | 234 | 228 | 174 | 171 | 181 | 137 | |||||
Liabilities | 3,068 | 3,473 | 3,783 | 4,444 | 4,312 | 3,929 | 4,147 | 3,843 | 3,759 | 3,858 | 3,678 | 3,280 | |||||
Stockholders Equity Inclu… | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital Common Stock | 2,916 | 2,909 | 2,902 | 2,900 | 2,892 | 2,886 | 2,898 | 2,892 | 2,887 | 2,878 | 2,890 | 2,879 | |||||
Retained Earnings Accumulated Deficit | 7,561 | 7,138 | 6,791 | 6,270 | 5,815 | 5,473 | 5,263 | 4,870 | 4,557 | 4,208 | 3,971 | 3,622 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -156 | -168 | -155 | -155 | -161 | -171 | -184 | -169 | -188 | -184 | -174 | -199 | |||||
Stockholders Equity | 10,320 | 9,879 | 9,538 | 9,015 | 8,546 | 8,187 | 7,978 | 7,594 | 7,255 | 6,903 | 6,687 | 6,302 | |||||
Liabilities And Stockholders Equity | 13,389 | 13,351 | 13,321 | 13,459 | 12,858 | 12,117 | 12,124 | 11,437 | 11,014 | 10,761 | 10,365 | 9,583 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Common Stock Shares Authorized | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | 500 | |||||
Common Stock Shares Issued | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | |||||
Shares Outstanding | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | 107 | |||||
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Interactive Financial Visualizations
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 27.72% | 27.64% | 5.00% | - | - | - | - | - | - | - | - | - |
| 2025 | 15.40% | 5.65% | 28.13% | 15.77% | 21.61% | 32.69% | 6.99% | 14.30% | 4.35% | -20.72% | -21.70% | -4.05% |
| 2024 | 55.84% | 45.78% | 21.88% | 9.57% | 13.90% | -4.90% | -6.82% | -8.65% | -3.40% | -10.95% | -13.21% | 21.02% |
| 2023 | - | - | - | - | - | - | 8.37% | 19.61% | 2.44% | 5.74% | 20.73% | 36.28% |
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Performance and Valuation Metrics
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Metrics | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Metric history beyond 3 years is for subscribers only. Unlock 17+ years of history across 90+ calculated metrics Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 2.52 | 2.56 | 2.67 | 1.91 | 1.90 | 1.93 | 2.45 | 2.14 | 2.23 | 2.41 | 3.55 | 3.19 | |||||
| Quick Ratio | 2.00 | 2.15 | 2.35 | 1.55 | 1.41 | 1.39 | 1.93 | 1.44 | 1.65 | 1.86 | 2.92 | 2.45 | |||||
| Working Capital | 3.21B | 3.44B | 3.77B | 2.81B | 2.57B | 2.20B | 3.01B | 2.04B | 2.18B | 2.48B | 3.33B | 2.62B | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 0.30 | 0.35 | 0.40 | 0.49 | 0.50 | 0.48 | 0.52 | 0.51 | 0.52 | 0.56 | 0.55 | 0.52 | |||||
| Interest Coverage TTM | 46.88 | 40.76 | 36.18 | 34.44 | 35.27 | 35.03 | 35.87 | 38.10 | 43.20 | 50.52 | 66.12 | 45.80 | |||||
| Debt Ratio | 0.23 | 0.26 | 0.28 | 0.33 | 0.34 | 0.32 | 0.34 | 0.34 | 0.34 | 0.36 | 0.35 | 0.34 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.41 | 0.43 | 0.41 | 0.41 | 0.36 | 0.37 | 0.37 | 0.37 | 0.38 | 0.37 | 0.36 | 0.37 | |||||
| Days Sales Outstanding TTM | 108.83 | 100.34 | 89.34 | 79.65 | 99.94 | 97.55 | 83.38 | 71.83 | 62.00 | 49.58 | 54.17 | 62.26 | |||||
| Receivables Turnover TTM | 3.35 | 3.64 | 4.09 | 4.58 | 3.65 | 3.74 | 4.38 | 5.08 | 5.89 | 7.36 | 6.74 | 5.86 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | 16.21 | 15.47 | 14.21 | 13.02 | 11.70 | 11.78 | 12.02 | 11.60 | 11.19 | 9.54 | 7.74 | 4.41 | |||||
| Free Cash Flow Per Share TTM | 13.96 | 15.54 | 11.07 | 5.73 | -8.79 | -9.11 | -2.88 | -5.52 | -2.10 | -4.91 | -7.35 | -4.96 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 44.02% | 41.74% | 40.62% | 40.05% | 42.76% | 43.61% | 44.17% | 46.54% | 45.78% | 43.05% | 39.19% | 27.17% | |||||
| Operating Profit Margin TTM | 33.65% | 31.76% | 30.59% | 29.81% | 31.35% | 32.24% | 33.15% | 34.68% | 34.17% | 30.37% | 25.83% | 13.08% | |||||
| Net Profit Margin TTM | 32.47% | 30.73% | 29.28% | 27.73% | 28.95% | 29.72% | 30.72% | 32.41% | 31.97% | 28.75% | 25.03% | 14.99% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 23.82% | 27.30% | 24.09% | 31.16% | 15.39% | 19.42% | 26.75% | 21.77% | 25.88% | 27.28% | 26.70% | 25.28% | |||||
| Net Income Growth (1Y) | 38.85% | 31.65% | 18.28% | 12.20% | 4.48% | 23.43% | 55.52% | 163.33% | 669.45% | 2,360.58% | -1,981.03% | 400.24% | |||||
| EPS Growth (1Y) | 38.57% | 31.36% | 18.04% | 11.98% | 4.28% | 23.19% | 55.20% | 162.80% | 667.91% | 2,355.17% | -1,976.74% | 399.13% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | 14.52 | 12.72 | 18.33 | 16.89 | 14.12 | 10.71 | 14.60 | 21.39 | 20.05 | 17.61 | 22.15 | 36.42 | |||||
| P/B TTM | 2.46 | 2.14 | 2.94 | 2.62 | 2.08 | 1.65 | 2.36 | 3.52 | 3.33 | 2.61 | 2.75 | 2.74 | |||||
| P/S TTM | 4.71 | 3.91 | 5.37 | 4.68 | 4.09 | 3.18 | 4.48 | 6.93 | 6.41 | 5.06 | 5.54 | 5.46 | |||||
| Market Cap | 25.36B | 21.18B | 28.01B | 23.65B | 17.75B | 13.54B | 18.86B | 26.70B | 24.13B | 18.05B | 18.40B | 17.26B | |||||
| Enterprise Value | 23.69B | 19.23B | 25.70B | 22.21B | 17.15B | 13.22B | 17.83B | 26.26B | 22.98B | 16.96B | 16.99B | 16.25B | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 1.50B | 1.67B | 1.19B | 614.52M | -942.70M | -976.29M | -308.08M | -591.34M | -224.46M | -524.69M | -784.52M | -530.40M | |||||
| Net Debt | -1.66B | -1.95B | -2.32B | -1.45B | -602.22M | -318.88M | -1.03B | -439.89M | -1.16B | -1.08B | -1.40B | -1.01B | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
| Altman D | |||||||||||||||||
| Altman E | |||||||||||||||||
| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
| ROIC TTM | |||||||||||||||||
| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
| NCAV | |||||||||||||||||
| NCAV Per Share TTM | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
| EV EBIT TTM | |||||||||||||||||
| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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Insider Transactions
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Institutional Ownership
FIRST SOLAR, INC. (FSLR) — SEC Financial Statements & Analysis
FIRST SOLAR, INC. (FSLR) is a semiconductors & related devices company, incorporated in DE. FIRST SOLAR, INC. trades on Nasdaq as: FSLR. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), FIRST SOLAR, INC. reported a 23.82% year-over-year revenue growth, a Gross Profit Margin of 44.02% (TTM), a Debt-to-Equity ratio of 0.30x, a Price-to-Sales (P/S) ratio of 4.71x (TTM), a Price-to-Book (P/B) ratio of 2.46x (TTM), at a market cap of $25.36B. Figures below are sourced from SEC EDGAR, as-filed.
- Net Revenue TTM Growth 1Y
- 23.82%
- Gross Profit Margin TTM
- 44.02%
- Debt To Equity
- 0.30x
- P/S TTM
- 4.71x
- P/B TTM
- 2.46x
- Market Cap
- $25.36B
Data as of 2026-06-30 · Source: SEC EDGAR
Frequently Asked Questions
What industry is FIRST SOLAR, INC. in?
FIRST SOLAR, INC. (FSLR) operates in the Semiconductors & Related Devices industry.
What is FSLR's market cap?
FIRST SOLAR, INC. (FSLR) has a market capitalization of $25.36B as of 2026-06-30.
What is FSLR's P/E ratio?
FIRST SOLAR, INC. (FSLR)'s trailing twelve month P/E ratio is 14.52x as of 2026-06-30.
What exchange does FSLR trade on?
FIRST SOLAR, INC. (FSLR) trades on the Nasdaq.
Where is FIRST SOLAR, INC. incorporated?
FIRST SOLAR, INC. is incorporated in DE.