FY2025 · ended Dec 31, 2025 · Revenue $5.22B, +24.1% YoY · Filed Feb 24, 2026
First Solar, Inc. (FSLR) files with the SEC under industry code 3674, Semiconductors & Related Devices. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $5.2 billion and net income of $1.5 billion. Free cash flow was $1.2 billion. As of Sep 30, 2026 it held $1.6 billion in cash and investments and $325.0 million in total debt.
Revenue (TTM)
$5.01B
-0.7% vs year-ago TTM
Net income (TTM)
$1.86B
+32.9% vs year-ago TTM
Operating cash flow (TTM)
$839.18M
-48.4% vs year-ago TTM
Free cash flow (TTM)
$232.79M
-62.1% vs year-ago TTM
EPS (TTM)
$17.29
+32.7% vs year-ago TTM
Dividend per share
None
Shares outstanding
107.31M
+0.2% vs prior year
Net cash
$1.30B
as of Sep 30, 2026
Operating margin
37.7%
FY 2026
Company profile
- Industry
- Semiconductors & Related Devices (SIC 3674)
- Listed as
- FSLR (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Phoenix, AZ
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1274494
- Former names
- FIRST SOLAR HOLDINGS LLC (until Dec 23, 2003)
Other Semiconductors & Related Devices companies
- Nvidia Corp NVDA
- Broadcom Inc. AVGO
- Micron Technology Inc MU
- Advanced Micro Devices Inc AMD
- Intel Corp INTC
- Applied Materials Inc /DE AMAT
- Texas Instruments Inc TXN
- Arm Holdings PLC /UK ARM
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B |
| Operating income | $1.6B | $1.4B | $857.3M | -$27.2M | $586.8M |
| Net income | $1.5B | $1.3B | $830.8M | -$44.2M | $468.7M |
| Diluted EPS | $14.21 | $12.02 | $7.74 | -$0.41 | $4.38 |
| Operating cash flow | $2.1B | $1.2B | $602.3M | $873.4M | $237.6M |
| Free cash flow | $1.2B | -$308.1M | -$784.5M | -$30.2M | -$302.7M |
| Total assets | $13.3B | $12.1B | $10.4B | $8.3B | $7.4B |
| Total liabilities | $3.8B | $4.1B | $3.7B | $2.4B | $1.5B |
| Stockholders' equity | $9.5B | $8.0B | $6.7B | $5.8B | $6.0B |
| Cash and investments | $2.9B | $1.8B | $2.1B | $2.6B | $1.8B |
| Total debt | $655.3M | $718.8M | $624.4M | $234.1M | $398.6M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 29, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations, Other events
|
Oct 29, 2026 | Oct 29, 2026 |
| 10-Q | Quarterly report | Jul 30, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 30, 2026 | Jul 30, 2026 |
| 8-K |
Current report
Shareholder vote results
|
May 15, 2026 | May 13, 2026 |
| 10-Q | Quarterly report | Apr 30, 2026 | Mar 31, 2026 |
All 1000 First Solar, Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.