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
  1. $2.9B2016
  2. $2.94B2017
  3. $2.24B2018
  4. $3.06B2019
  5. $2.71B2020
  6. $2.92B2021
  7. $2.62B2022
  8. $3.32B2023
  9. $4.21B2024
  10. $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.

ItemQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023
Total revenue1,0561,0441,6831,5951,0978451,5148881,0107941,159801
Cost of revenue4515581,017984597500946442512448657425
Gross profit605486665611500344568445499346502376
Selling, general and administrative51.965.350.747.352.653.249.646.346.645.857.150.2
Research and development76.266.966.060.654.552.446.550.251.942.743.941.2
Operating income450345548466362221457322373242391273
EBIT450345548466362221457322373242391273
EBITDA598493689604485346581433470333481350
Interest expense5.67.611.314.19.29.510.99.09.89.27.13.7
Pre-tax income459354551460352217446327377256377290
Income tax36.87.730.54.410.37.553.214.427.818.927.422.1
Net income423347521456342210393313349237349268
Net income to common shareholders423347521456342210393313349237349268
Basic EPS3.933.234.854.253.191.963.672.923.262.213.272.51
Diluted EPS3.923.224.844.243.181.953.662.913.252.203.252.50
Average shares (basic)107107107107107107107107107107107107
Average shares (diluted)108108108108108107108108108107108107