First Solar revenue and financials

FSLR · NASDAQ · USD

$179.80+2.07%+$3.64

Close · October 6, 2026

In the fiscal year ended December 2025, First Solar reported revenue of $5.22B (+24.09% year over year). Net income was $1.53B, a net margin of 29.3%.

Annual revenue · 2025: $5.22B

$2.9B2016
$2.94B2017
$2.24B2018
$3.06B2019
$2.71B2020
$2.92B2021
$2.62B2022
$3.32B2023
$4.21B2024
$5.22B2025

Fiscal year ending in December. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +24.09%; 2025 vs 2024
Net income growth: +18.28%; 2025 vs 2024
Net margin: 29.3%; 2024: 30.7%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Balance sheet · Annual
Item	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Total assets	13,321	12,124	10,365	8,251	7,414	7,109	7,516	7,121	6,865	6,867
Current assets	6,029	5,089	4,635	3,791	3,191	3,015	3,600	3,860	3,833	3,787
Cash and equivalents	2,804	1,621	1,947	1,481	1,451	1,227	1,353	1,404	2,269	1,347
Short-term investments	51.8	172	155	1,097	375	—	—	—	—	—
Receivables	1,918	1,787	1,386	330	455	—	—	—	—	—
Inventory	1,016	1,299	968	736	778	—	—	—	—	—
Net property, plant and equipment	5,872	5,557	4,499	3,630	3,074	—	—	—	—	—
Goodwill	31.1	28.3	29.7	14.5	14.5	14.5	14.5	14.5	14.5	14.5
Other intangible assets	51.0	54.7	64.5	31.1	45.5	—	—	—	—	—
Current liabilities	2,254	2,077	1,306	1,038	727	847	1,318	845	650	900
Accounts payable	406	482	207	341	193	—	—	—	—	—
Long-term debt	283	373	464	185	247	287	483	479	406	197
Total debt	655	719	624	234	—	—	—	—	—	—
Total liabilities	3,783	4,147	3,678	2,415	1,454	1,588	2,419	1,909	1,766	1,655
Total equity (incl. minority)	9,538	7,978	6,687	5,836	5,960	—	—	—	—	—
Retained earnings	6,791	5,263	3,971	3,140	3,184	—	—	—	—	—