First Solar, Inc. (FSLR)

First Solar Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	4,343	4,206	3,319	2,619	2,923	2,711
Revenue Growth (YoY)	15.39%	26.75%	26.70%	-10.40%	7.82%	-11.48%
Cost of Revenue	2,486	2,348	2,018	2,549	2,193	2,013
Gross Profit	1,857	1,858	1,301	69.86	729.95	698.07
Selling, General & Admin	201.63	188.26	197.62	164.72	170.32	222.92
Research & Development	203.57	191.38	152.31	112.8	99.12	93.74
Operating Expenses	495.61	464.13	414.71	350.61	290.49	357.18
Operating Income	1,362	1,394	885.97	-280.75	439.47	340.89
Interest Expense	-38.6	-38.87	-12.97	-12.23	-13.11	-24.04
Interest & Investment Income	68.21	89.09	97.67	33.28	6.18	16.56
Earnings From Equity Investments	-	-	-	-	-	-2.13
Currency Exchange Gain (Loss)	-38.78	-29.64	-23.3	-15.46	-9.18	-2.33
Other Non Operating Income (Expenses)	-9.54	-8.67	-27.37	30.23	-10.18	-29.84
EBT Excluding Unusual Items	1,343	1,406	920.01	-244.91	413.18	299.12
Gain (Loss) on Sale of Investments	-	0.01	-0.01	-	11.7	15.35
Gain (Loss) on Sale of Assets	-	1.12	6.88	253.51	147.28	-
Asset Writedown	-	-	-	-	-	-17.4
Legal Settlements	-	-0.43	-35.59	-	-	-6
Pretax Income	1,343	1,406	891.29	8.6	572.16	291.06
Income Tax Expense	85.44	114.29	60.51	52.76	103.47	-107.29
Net Income	1,257	1,292	830.78	-44.17	468.69	398.36
Net Income to Common	1,257	1,292	830.78	-44.17	468.69	398.36
Net Income Growth	4.47%	55.52%	-	-	17.66%	-
Shares Outstanding (Basic)	107	107	107	107	106	106
Shares Outstanding (Diluted)	108	108	107	107	107	107
Shares Change (YoY)	0.01%	0.14%	0.77%	-0.35%	0.22%	1.31%
EPS (Basic)	11.74	12.07	7.78	-0.41	4.41	3.76
EPS (Diluted)	11.70	12.02	7.74	-0.41	4.38	3.73
EPS Growth	4.50%	55.30%	-	-	17.43%	-
Free Cash Flow	-942.7	-308.08	-784.52	-30.24	-302.73	-379.52
Free Cash Flow Per Share	-8.77	-2.87	-7.31	-0.28	-2.83	-3.56
Gross Margin	42.76%	44.17%	39.19%	2.67%	24.97%	25.75%
Operating Margin	31.35%	33.13%	26.70%	-10.72%	15.03%	12.57%
Profit Margin	28.95%	30.72%	25.03%	-1.69%	16.03%	14.69%
Free Cash Flow Margin	-21.70%	-7.32%	-23.64%	-1.15%	-10.36%	-14.00%
EBITDA	1,848	1,817	1,194	-11.02	699.37	573.81
EBITDA Margin	42.54%	43.20%	35.98%	-0.42%	23.92%	21.16%
D&A For EBITDA	486.1	423.5	307.99	269.72	259.9	232.93
EBIT	1,362	1,394	885.97	-280.75	439.47	340.89
EBIT Margin	31.35%	33.13%	26.70%	-10.72%	15.03%	12.57%
Effective Tax Rate	6.36%	8.13%	6.79%	613.68%	18.08%	-

Updated Jul 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q