First Solar, Inc. (FSLR) — Financial statements
Income statement, balance sheet, and cash flow for First Solar, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,219↑24.1% | 4,206↑26.7% | 3,319↑26.7% | 2,619↓10.4% | 2,923 | |
| Cost of Revenue | 3,099↑31.9% | 2,348↑16.4% | 2,018↓20.8% | 2,549↑16.2% | 2,193 | |
| Gross Profit | 2,121↑14.1% | 1,858↑42.8% | 1,301↑1761.9% | 70↓90.4% | 730 | |
| Operating Expenses | ||||||
| R&D Expenses | 233↑22.0% | 191↑25.7% | 152↑35.0% | 113↑13.8% | 99 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 204↑8.2% | 188↓4.7% | 198↑20.0% | 165↓3.3% | 170 | |
| Other Expenses | 0.00↓100.0% | 84↓10.4% | 93↑151.8% | -180↓42.9% | -126 | |
| Operating Expenses | 437↓5.7% | 463↑4.5% | 443↑356.7% | 97↓32.2% | 143 | |
| Total Costs & Expenses | 3,536↑25.7% | 2,812↑14.2% | 2,461↓7.0% | 2,647↑13.3% | 2,337 | |
| Operating Results | ||||||
| Operating Income | 1,684↑20.7% | 1,394↑62.7% | 857↑3247.5% | -27↓104.6% | 587 | |
| Depreciation & Amortization | 529↑25.0% | 423↑37.5% | 308↑14.2% | 270↑3.8% | 260 | |
| EBITDA | 2,213↑18.4% | 1,869↑54.2% | 1,212↑317.2% | 291↓65.6% | 845 | |
| EBIT | 1,684↑16.5% | 1,445↑59.8% | 904↑4242.6% | 21↓96.4% | 585 | |
| Interest & Other Income | ||||||
| Net Interest Income | 38↓25.1% | 50↓40.7% | 85↑302.2% | 21↑404.0% | -7 | |
| Interest Income | 82↓8.2% | 89↓8.8% | 98↑193.4% | 33↑438.7% | 6 | |
| Interest Expense | 44↑13.5% | 39↑199.8% | 13↑6.1% | 12↓6.7% | 13 | |
| Non-Operating Income | 0.00↑100.0% | -51↓8.1% | -47↑2.2% | -48↓3342.8% | 1 | |
| Other Income / Expenses | -103↓961.0% | 12↓65.0% | 34↓5.1% | 36↑345.6% | -15 | |
| Income Before Tax | 1,581↑12.4% | 1,406↑57.8% | 891↑10266.2% | 9↓98.5% | 572 | |
| Income Tax Expense | 53↓53.9% | 114↑88.9% | 61↑14.7% | 53↓49.0% | 103 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,528↑18.3% | 1,292↑55.5% | 831↑1981.0% | -44↓109.4% | 469 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,528↑18.3% | 1,292↑55.5% | 831↑1981.0% | -44↓109.4% | 469 | |
| Bottom-Line Net Income | 1,528↑18.3% | 1,292↑55.5% | 831↑1981.0% | -44↓109.4% | 469 | |
| EPS (Basic) | 14.25↑18.1% | 12.07↑55.1% | 7.78↑1997.6% | -0.41↓109.3% | 4.41 | |
| EPS (Diluted) | 14.21↑18.2% | 12.02↑55.3% | 7.74↑1987.8% | -0.41↓109.4% | 4.38 | |
| Weighted Average Shares | 107↑0.2% | 107↑0.2% | 107↑0.2% | 107↑0.3% | 106 | |
| Weighted Average Diluted Shares | 108↑0.0% | 108↑0.1% | 107↑0.8% | 107↓0.3% | 107 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.