FIRST SOLAR, INC.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B |
| Gross profit | $2.1B | $1.9B | $1.3B | $69.9M | $730.0M |
| Operating income | $1.6B | $1.4B | $857.3M | -$27.2M | $586.8M |
| Operating expenses | $523.5M | $464.6M | $450.3M | $350.6M | $290.5M |
| Cost of revenue | $3.1B | $2.3B | $2.0B | $2.5B | $2.2B |
| Cash from operations | $2.1B | $1.2B | $602.3M | $873.4M | $237.6M |
| Capital expenditure | $869.9M | $1.5B | $1.4B | $903.6M | $540.3M |
| Free cash flow | $1.2B | -$308.1M | -$784.5M | -$30.2M | -$302.7M |
| Impairments | $0 | $1.4M | $1.6M | $63.3M | $22.9M |
| Total assets | $13.3B | $12.1B | $10.4B | $8.3B | $7.4B |
| Total liabilities | $3.8B | $4.1B | $3.7B | $2.4B | $1.5B |
| Total debt | $498.6M | $609.8M | $560.3M | $184.3M | $239.9M |
Shares outstanding 107.5M · Free float 55.4%
Annual filing data through FY ended December 31, 2025; float as of July 12, 2026.