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First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
195.75
+6.54 (3.46%)
Mar 9, 2026, 4:00 PM EDT - Market closed

First Solar Income Statement

Millions USD. Fiscal year is Jan - Dec.
Fiscal Year
FY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
5,2194,2063,3192,6192,923
Revenue Growth (YoY)
24.09%26.75%26.70%-10.40%7.82%
Cost of Revenue
3,0992,3482,0182,5492,193
Gross Profit
2,1201,8581,30169.86729.95
Selling, General & Admin
203.76188.26197.62164.72170.32
Research & Development
233.42191.38152.31112.899.12
Other Operating Expenses
86.384.92100.3773.0821.05
Total Operating Expenses
523.48464.56450.3350.61290.49
Operating Income
1,5971,393850.38-280.75439.47
Interest Income
81.7689.0997.6733.286.18
Interest Expense
-44.13-38.87-12.97-12.23-13.11
Other Non-Operating Income (Expense)
-53.58-37.19-43.8268.29139.62
Total Non-Operating Income (Expense)
-15.9513.0340.91289.35132.7
Pretax Income
1,5811,406891.298.6572.16
Provision for Income Taxes
52.68114.2960.5152.76103.47
Net Income
1,5281,292830.78-44.17468.69
Net Income to Common
1,5281,292830.78-44.17468.69
Net Income Growth
18.28%55.52%--17.66%
Shares Outstanding (Basic)
107107107107106
Shares Outstanding (Diluted)
108108107107107
Shares Change (YoY)
0.01%0.14%0.77%-0.35%0.22%
EPS (Basic)
14.2512.077.78-0.414.41
EPS (Diluted)
14.2112.027.74-0.414.38
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
2,1261,8171,158-11.02699.37
EBITDA Margin
40.73%43.19%34.91%-0.42%23.92%
EBIT
1,5971,393850.38-280.75439.47
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.
SEC Filings: 10-K · 10-Q