First Solar Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,219	4,206	3,319	2,619	2,923
Revenue Growth (YoY)	24.09%	26.75%	26.70%	-10.40%	7.82%
Cost of Revenue	3,099	2,348	2,018	2,549	2,193
Gross Profit	2,120	1,858	1,301	69.86	729.95
Selling, General & Admin	203.76	188.26	197.62	164.72	170.32
Research & Development	233.42	191.38	152.31	112.8	99.12
Operating Expenses	523.48	464.13	414.71	350.61	290.49
Operating Income	1,597	1,394	885.97	-280.75	439.47
Interest Expense	-44.13	-38.87	-12.97	-12.23	-13.11
Interest & Investment Income	81.76	89.09	97.67	33.28	6.18
Currency Exchange Gain (Loss)	-40.76	-29.64	-23.3	-15.46	-9.18
Other Non Operating Income (Expenses)	-12.81	-8.67	-27.37	30.23	-10.18
EBT Excluding Unusual Items	1,581	1,406	920.01	-244.91	413.18
Gain (Loss) on Sale of Investments	-0.01	0.01	-0.01	-	11.7
Gain (Loss) on Sale of Assets	-	1.12	6.88	253.51	147.28
Legal Settlements	-	-0.43	-35.59	-	-
Pretax Income	1,581	1,406	891.29	8.6	572.16
Income Tax Expense	52.68	114.29	60.51	52.76	103.47
Net Income	1,528	1,292	830.78	-44.17	468.69
Net Income to Common	1,528	1,292	830.78	-44.17	468.69
Net Income Growth	18.28%	55.52%	-	-	17.66%
Shares Outstanding (Basic)	107	107	107	107	106
Shares Outstanding (Diluted)	108	108	107	107	107
Shares Change (YoY)	0.01%	0.14%	0.77%	-0.35%	0.22%
EPS (Basic)	14.25	12.07	7.78	-0.41	4.41
EPS (Diluted)	14.21	12.02	7.74	-0.41	4.38
EPS Growth	18.22%	55.30%	-	-	17.43%
Free Cash Flow	1,187	-308.08	-784.52	-30.24	-302.73
Free Cash Flow Per Share	11.04	-2.87	-7.31	-0.28	-2.83
Gross Margin	40.62%	44.17%	39.19%	2.67%	24.97%
Operating Margin	30.59%	33.13%	26.70%	-10.72%	15.03%
Profit Margin	29.28%	30.72%	25.03%	-1.69%	16.03%
Free Cash Flow Margin	22.75%	-7.32%	-23.64%	-1.15%	-10.36%
EBITDA	2,126	1,817	1,194	-11.02	699.37
EBITDA Margin	40.73%	43.20%	35.98%	-0.42%	23.92%
D&A For EBITDA	529.22	423.5	307.99	269.72	259.9
EBIT	1,597	1,394	885.97	-280.75	439.47
EBIT Margin	30.59%	33.13%	26.70%	-10.72%	15.03%
Effective Tax Rate	3.33%	8.13%	6.79%	613.68%	18.08%

Source: S&P Global Market Intelligence. Standard template. Financial Sources.