Company profile · free preview
First Solar
FSLR · Updated 10/24/2026
Revenue
$5.2B
Fiscal 2025
Net income
$1.5B
Fiscal 2025
Free cash flow
$1.2B
Fiscal 2025
Net cash / (debt)
—
Fiscal 2025
Five-year financials
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B |
| Net income | $1.5B | $1.3B | $830.8M | (44.2M) | $468.7M |
| Diluted EPS | — | — | — | — | — |
| 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) |
| Cash | $2.8B | $1.6B | $1.9B | $1.5B | $1.5B |
| Total debt | — | — | — | — | — |
Where the cash went
Cumulative, fiscal 2021–2025, straight from the reported cash-flow statements.
Reinvested in capex
104.8%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2021–2025
Capital expenditure $5.2BBar width = share of $5.2B (spending exceeded operating cash flow)
| Operating cash flow | $5.0B |
| Capital expenditure | ($5.2B) |
| Free cash flow | ($238.3M) |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
SEC filings
- 10-K · period 2025-12-312026-02-24EDGAR
Ask anything about First Solar's filings
"What changed since last year?" "Where is the cash going?" Get answers drawn straight from the filings.
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