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
Other Operating Expenses	86.3	84.92	100.37	73.08	21.05
Total Operating Expenses	523.48	464.56	450.3	350.61	290.49
Operating Income	1,597	1,393	850.38	-280.75	439.47
Interest Income	81.76	89.09	97.67	33.28	6.18
Interest Expense	-44.13	-38.87	-12.97	-12.23	-13.11
Other Non-Operating Income (Expense)	-53.58	-37.19	-43.8	268.29	139.62
Total Non-Operating Income (Expense)	-15.95	13.03	40.91	289.35	132.7
Pretax Income	1,581	1,406	891.29	8.6	572.16
Provision for Income Taxes	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%	33.12%	25.62%	-10.72%	15.03%
Profit Margin	29.28%	30.72%	25.03%	-1.69%	16.03%
FCF Margin	22.75%	-7.32%	-23.64%	-1.15%	-10.36%
EBITDA	2,126	1,817	1,158	-11.02	699.37
EBITDA Margin	40.73%	43.19%	34.91%	-0.42%	23.92%
EBIT	1,597	1,393	850.38	-280.75	439.47
EBIT Margin	30.59%	33.12%	25.62%	-10.72%	15.03%
Effective Tax Rate	3.33%	8.13%	6.79%	613.68%	18.08%

Updated Feb 24, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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