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	Jun '26 Jun 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
Revenue	5,378	5,219	4,206	3,319	2,619	2,923
Revenue Growth	23.82%	24.09%	26.75%	26.70%	-10.40%	7.82%
Cost of Revenue	3,011	3,099	2,348	2,018	2,549	2,193
Gross Profit	2,367	2,120	1,858	1,301	69.86	729.95
Selling, General & Admin	215.28	203.76	188.26	197.62	164.72	170.32
Research & Development	269.73	233.42	191.38	152.31	112.8	99.12
Other Operating Expenses	72.5	86.3	84.92	100.37	73.08	21.05
Total Operating Expenses	557.52	523.48	464.56	450.3	350.61	290.49
Operating Income	1,810	1,597	1,394	857.27	-27.24	586.75
Interest Income	109.58	81.76	89.09	97.67	33.28	6.18
Interest Expense	-38.6	-44.13	-38.87	-12.97	-12.23	-13.11
Other Non-Operating Income (Expense)	-55.28	-53.58	-37.19	-43.8	268.29	139.62
Total Non-Operating Income (Expense)	15.7	-15.95	13.03	40.91	289.35	132.7
Pretax Income	1,825	1,581	1,406	891.29	8.6	572.16
Provision for Income Taxes	79.38	52.68	114.29	60.51	52.76	103.47
Net Income	1,746	1,528	1,292	830.78	-44.17	468.69
Net Income to Common	1,746	1,528	1,292	830.78	-44.17	468.69
Net Income Growth	38.85%	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	0.11%	0.01%	0.14%	0.77%	-0.35%	0.22%
EPS (Basic)	16.26	14.25	12.07	7.78	-0.41	4.41
EPS (Diluted)	16.22	14.21	12.02	7.74	-0.41	4.38
EPS Growth	38.75%	18.22%	55.30%	-	-	17.43%
Free Cash Flow	1,500	1,187	-308.08	-784.52	-30.24	-302.73
Free Cash Flow Growth	-	-	-	-	-	-
Free Cash Flow Per Share	13.94	11.04	-2.87	-7.31	-0.28	-2.83
Gross Margin	44.02%	40.62%	44.17%	39.19%	2.67%	24.97%
Operating Margin	33.65%	30.59%	33.15%	25.83%	-1.04%	20.07%
Profit Margin	32.47%	29.28%	30.72%	25.03%	-1.69%	16.03%
FCF Margin	27.89%	22.75%	-7.32%	-23.64%	-1.15%	-10.36%
EBITDA	2,386	2,126	1,818	1,165	242.49	846.65
EBITDA Margin	44.36%	40.73%	43.22%	35.11%	9.26%	28.96%
EBIT	1,810	1,597	1,394	857.27	-27.24	586.75
EBIT Margin	33.65%	30.59%	33.15%	25.83%	-1.04%	20.07%
Effective Tax Rate	4.35%	3.33%	8.13%	6.79%	613.68%	18.08%

SEC Filings: 10-K · 10-Q