First Solar Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	5,419	5,219	4,206	3,319	2,619	2,923
Revenue Growth (YoY)	27.30%	24.09%	26.75%	26.70%	-10.40%	7.82%
Cost of Revenue	3,157	3,099	2,348	2,018	2,549	2,193
Gross Profit	2,262	2,120	1,858	1,301	69.86	729.95
Selling, General & Admin	215.93	203.76	188.26	197.62	164.72	170.32
Research & Development	247.98	233.42	191.38	152.31	112.8	99.12
Other Operating Expenses	77.24	86.3	84.92	100.37	73.08	21.05
Total Operating Expenses	541.14	523.48	464.56	450.3	350.61	290.49
Operating Income	1,721	1,597	1,394	857.27	-27.24	586.75
Interest Income	91.76	81.76	89.09	97.67	33.28	6.18
Interest Expense	-42.22	-44.13	-38.87	-12.97	-12.23	-13.11
Other Non-Operating Income (Expense)	-52.27	-53.58	-37.19	-43.8	268.29	139.62
Total Non-Operating Income (Expense)	-2.74	-15.95	13.03	40.91	289.35	132.7
Pretax Income	1,718	1,581	1,406	891.29	8.6	572.16
Provision for Income Taxes	52.88	52.68	114.29	60.51	52.76	103.47
Net Income	1,665	1,528	1,292	830.78	-44.17	468.69
Net Income to Common	1,665	1,528	1,292	830.78	-44.17	468.69
Net Income Growth	31.65%	18.28%	55.52%	-	-	17.66%
Shares Outstanding (Basic)	107	107	107	107	107	106
Shares Outstanding (Diluted)	108	108	108	107	107	107
Shares Change (YoY)	0.06%	0.01%	0.14%	0.77%	-0.35%	0.22%
EPS (Basic)	15.52	14.25	12.07	7.78	-0.41	4.41
EPS (Diluted)	15.48	14.21	12.02	7.74	-0.41	4.38
EPS Growth	31.63%	18.22%	55.30%	-	-	17.43%
Shares Outstanding	107.45	107.31	107.06	106.85	106.61	106.33
Free Cash Flow	1,668	1,187	-308.08	-784.52	-30.24	-302.73
Free Cash Flow Growth	40.48%	-	-	-	-	-
Free Cash Flow Per Share	15.50	11.04	-2.87	-7.31	-0.28	-2.83
Gross Margin	41.74%	40.62%	44.17%	39.19%	2.67%	24.97%
Operating Margin	31.76%	30.59%	33.15%	25.83%	-1.04%	20.07%
Profit Margin	30.73%	29.28%	30.72%	25.03%	-1.69%	16.03%
FCF Margin	30.78%	22.75%	-7.32%	-23.64%	-1.15%	-10.36%
EBITDA	2,273	2,126	1,818	1,165	242.49	846.65
EBITDA Margin	41.94%	40.73%	43.22%	35.11%	9.26%	28.96%
EBIT	1,721	1,597	1,394	857.27	-27.24	586.75
EBIT Margin	31.76%	30.59%	33.15%	25.83%	-1.04%	20.07%
Effective Tax Rate	3.08%	3.33%	8.13%	6.79%	613.68%	18.08%

SEC Filings: 10-K · 10-Q