First Solar revenue and financials
$179.80Change from previous close: +2.07%Absolute change: +$3.64
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%.
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.
| Item | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 13,389 | 13,351 | 13,321 | 13,459 | 12,858 | 12,117 | 12,124 | 11,437 | 11,014 | 10,761 | 10,365 | 9,583 |
| Current assets | 5,317 | 5,646 | 6,029 | 5,902 | 5,424 | 4,574 | 5,089 | 3,818 | 3,949 | 4,241 | 4,635 | 3,824 |
| Cash and equivalents | 1,688 | 2,363 | 2,804 | 1,992 | 1,125 | 838 | 1,621 | 1,005 | 1,703 | 1,682 | 1,947 | 1,493 |
| Short-term investments | 38.7 | 63.6 | 51.8 | 47.7 | 29.1 | 53.1 | 172 | 265 | 37.4 | 308 | 155 | 330 |
| Receivables | 1,865 | 1,794 | 1,918 | 2,231 | 2,304 | 1,942 | 1,787 | 882 | 768 | 940 | 1,386 | 787 |
| Inventory | 1,376 | 1,177 | 1,016 | 1,366 | 1,666 | 1,520 | 1,299 | 1,452 | 1,210 | 1,129 | 968 | 1,028 |
| Net property, plant and equipment | 5,840 | 5,866 | 5,872 | 5,944 | 5,861 | 5,777 | 5,557 | 5,474 | 5,239 | 5,015 | 4,499 | 4,154 |
| Goodwill | 30.1 | 30.6 | 31.1 | 30.7 | 30.6 | 29.7 | 28.3 | 29.6 | 28.8 | 28.7 | 29.7 | 28.5 |
| Other intangible assets | 63.4 | 64.9 | 51.0 | 51.3 | 52.0 | 52.6 | 54.7 | 56.6 | 59.3 | 61.9 | 64.5 | 66.4 |
| Current liabilities | 2,112 | 2,208 | 2,254 | 3,090 | 2,853 | 2,372 | 2,077 | 1,782 | 1,773 | 1,759 | 1,306 | 1,199 |
| Accounts payable | 346 | 307 | 406 | 285 | 368 | 428 | 482 | 265 | 231 | 239 | 207 | 111 |
| Long-term debt | — | 237 | 283 | 283 | 328 | 328 | 373 | 373 | 419 | 419 | 464 | 464 |
| Total debt | 194 | 587 | 655 | 892 | 1,067 | — | — | — | — | — | — | — |
| Total liabilities | 3,068 | 3,473 | 3,783 | 4,444 | 4,312 | 3,929 | 4,147 | 3,843 | 3,759 | 3,858 | 3,678 | 3,280 |
| Total equity (incl. minority) | 10,320 | 9,879 | 9,538 | 9,015 | 8,546 | 8,187 | 7,978 | 7,594 | 7,255 | 6,903 | 6,687 | 6,302 |
| Retained earnings | 7,561 | 7,138 | 6,791 | 6,270 | 5,815 | 5,473 | 5,263 | 4,870 | 4,557 | 4,208 | 3,971 | 3,622 |