First Solar, Inc. (FSLR)
NASDAQ: FSLR · Real-Time Price · USD
171.39
-0.91 (-0.53%)
At close: Nov 13, 2026, 4:00 PM EST
170.25
-1.14 (-0.67%)
After-hours: Nov 13, 2026, 5:41 PM EST
First Solar Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash & Equivalents | 1,576 | 2,804 | 1,621 | 1,947 | 1,481 | 1,451 |
Short-Term Investments | 48.07 | 51.85 | 171.58 | 155.5 | 1,097 | 375.39 |
Cash & Short-Term Investments | 1,624 | 2,855 | 1,793 | 2,102 | 2,578 | 1,826 |
Cash Growth | -20.39% | 59.25% | -14.72% | -18.44% | 41.18% | 4.52% |
Accounts Receivable | 1,591 | 1,294 | 1,261 | 660.78 | 324.34 | 454.71 |
Other Receivables | 409.57 | 623.64 | 525.89 | 725.05 | 5.27 | - |
Receivables | 2,001 | 1,918 | 1,787 | 1,386 | 329.61 | 454.71 |
Inventory | 1,509 | 1,016 | 1,299 | 968.12 | 735.8 | 778.37 |
Prepaid Expenses | 32.53 | 99.28 | 75.25 | 62.48 | 43.26 | 28.23 |
Restricted Cash | 1.39 | - | 8.26 | 8.26 | 3.18 | 1.53 |
Other Current Assets | 140.73 | 141.01 | 127.05 | 107.64 | 101.59 | 102.36 |
Total Current Assets | 5,308 | 6,029 | 5,089 | 4,635 | 3,791 | 3,191 |
Property, Plant & Equipment | 5,889 | 5,872 | 5,557 | 4,499 | 3,630 | 3,074 |
Goodwill | 29.8 | 31.1 | 28.34 | 29.69 | 14.46 | 14.46 |
Other Intangible Assets | 61.36 | 51.01 | 54.65 | 64.51 | 31.11 | 45.51 |
Long-Term Accounts Receivable | - | 16 | 94.37 | - | - | 42.13 |
Long-Term Deferred Tax Assets | 221.23 | 194.67 | 208.81 | 142.82 | 78.68 | 59.16 |
Other Long-Term Assets | 2,510 | 1,128 | 1,092 | 994.55 | 705.47 | 986.81 |
Total Assets | 14,020 | 13,321 | 12,124 | 10,365 | 8,251 | 7,414 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Accounts Payable | 338.2 | 405.78 | 482.19 | 207.18 | 341.41 | 193.37 |
Accrued Expenses | 283.08 | 351.12 | 310.27 | 308.68 | 223.35 | 192.11 |
Short-Term Debt | 107.67 | 125.14 | 145.6 | 60.83 | - | - |
Current Portion of Long-Term Debt | - | 90.84 | 90.82 | 35.41 | - | 3.9 |
Current Portion of Leases | 17.5 | 18.09 | 13.28 | 10.36 | 9.19 | 12.78 |
Current Income Taxes Payable | 54.29 | 7.49 | 77.36 | 22.13 | 29.4 | 4.54 |
Current Unearned Revenue | 1,006 | 1,014 | 712 | 413.58 | 263.22 | 201.87 |
Other Current Liabilities | 257.85 | 241.26 | 245.92 | 248 | 171.49 | 118.31 |
Total Current Liabilities | 2,065 | 2,254 | 2,077 | 1,306 | 1,038 | 726.88 |
Long-Term Debt | - | 282.59 | 373.35 | 464.07 | 184.35 | 236.01 |
Long-Term Leases | 199.81 | 138.67 | 95.74 | 53.73 | 40.59 | 145.91 |
Long-Term Unearned Revenue | 591.38 | 805.02 | 1,328 | 1,592 | 944.73 | 95.94 |
Long-Term Deferred Tax Liabilities | 58.35 | 69.69 | 54.7 | 42.77 | 28.93 | 27.7 |
Other Long-Term Liabilities | 225.07 | 233.24 | 217.72 | 219.34 | 178.53 | 221.76 |
Total Liabilities | 3,139 | 3,783 | 4,147 | 3,678 | 2,415 | 1,454 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Common Stock | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 |
Additional Paid-In Capital | 2,924 | 2,902 | 2,898 | 2,890 | 2,887 | 2,871 |
Retained Earnings | 8,132 | 6,791 | 5,263 | 3,971 | 3,140 | 3,184 |
Comprehensive Income & Other | -175.12 | -155.47 | -184.06 | -174.13 | -191.82 | -96.36 |
Shareholders' Equity | 10,881 | 9,538 | 7,978 | 6,687 | 5,836 | 5,960 |
Total Liabilities & Equity | 14,020 | 13,321 | 12,124 | 10,365 | 8,251 | 7,414 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Total Debt | 324.97 | 655.34 | 718.8 | 624.39 | 234.13 | 398.59 |
Net Cash (Debt) | 1,299 | 2,200 | 1,074 | 1,478 | 2,344 | 1,427 |
Net Cash Growth | 13.16% | 104.81% | -27.33% | -36.94% | 64.20% | 12.86% |
Net Cash Per Share | 12.07 | 20.46 | 9.99 | 13.77 | 22.00 | 13.35 |
Filing Date Shares Outstanding | 107.48 | 107.31 | 107.06 | 106.85 | 106.61 | 106.33 |
Total Common Shares Outstanding | 107.48 | 107.31 | 107.06 | 106.85 | 106.61 | 106.33 |
Working Capital | 3,243 | 3,775 | 3,012 | 3,329 | 2,753 | 2,464 |
Book Value Per Share | 101.23 | 88.88 | 74.51 | 62.59 | 54.74 | 56.05 |
Tangible Book Value | 10,790 | 9,456 | 7,895 | 6,593 | 5,790 | 5,900 |
Tangible Book Value Per Share | 100.39 | 88.12 | 73.74 | 61.71 | 54.32 | 55.48 |
Land | 39.48 | 39.58 | 38.88 | 35.36 | 35.26 | 18.36 |
Buildings | 1,937 | 1,929 | 1,585 | 1,037 | 893.05 | 693.29 |
Machinery | 5,984 | 5,909 | 4,982 | 3,755 | 2,909 | 2,949 |
Construction In Progress | 611.46 | 321.52 | 858.54 | 1,224 | 1,122 | 461.71 |
Leasehold Improvements | 34.04 | 34.14 | 40.3 | 40.08 | 40.16 | 40.52 |