FSLR
FIRST SOLAR, INC.
NASDAQ · Energy · Solar · US
$204.45
−1.43%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 5.4B | 5.2B | 4.2B | 3.3B | 2.6B |
| Cost of Revenue | 3.0B | 3.1B | 2.3B | 2.0B | 2.5B |
| Gross Profit | 2.4B | 2.1B | 1.9B | 1.3B | 69.9M |
| Operating Expenses | |||||
| R&D Expense | 269.7M | 233.4M | 191.4M | 152.3M | 112.8M |
| SG&A Expense | 215.3M | 203.8M | 188.3M | 197.6M | 164.7M |
| General & Admin Expense | — | — | — | — | — |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | 72.5M | 86.3M | 83.8M | 93.5M | (180.4M) |
| Total Operating Expenses | 557.5M | 523.5M | 463.4M | 443.4M | 97.1M |
| Cost and Expenses | 3.6B | 3.6B | 2.8B | 2.5B | 2.6B |
| Operating Income (EBIT) | 1.8B | 1.6B | 1.4B | 857.3M | (27.2M) |
| Non-Operating | |||||
| Interest Income | 109.6M | 81.8M | 89.1M | 97.7M | 33.3M |
| Interest Expense | 38.6M | 44.1M | 38.9M | 13.0M | 12.2M |
| Net Interest Income | 71.0M | 37.6M | 50.2M | 84.7M | 21.1M |
| Other Non-Op Income/Expense | 15.7M | (16.0M) | 11.9M | 34.0M | 35.8M |
| Non-Operating Income (excl Interest) | (54.3M) | (28.2M) | (50.8M) | (47.0M) | (48.1M) |
| EBT (Pre-Tax Income) | 1.8B | 1.6B | 1.4B | 891.3M | 8.6M |
| Income Tax Expense | 79.4M | 52.7M | 114.3M | 60.5M | 52.8M |
| Bottom Line | |||||
| Net Income | 1.7B | 1.5B | 1.3B | 830.8M | (44.2M) |
| Earnings from Cont. Ops | 1.7B | 1.5B | 1.3B | 830.8M | (44.2M) |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 1.7B | 1.5B | 1.3B | 830.8M | (44.2M) |
| Per Share | |||||
| Basic EPS | $16.26 | $14.25 | $12.07 | $7.78 | ($0.41) |
| Diluted EPS | $16.22 | $14.21 | $12.02 | $7.74 | ($0.41) |
| Revenue Per Share | $50.05 | $48.67 | $39.31 | $31.07 | $24.58 |
| Shares | |||||
| Basic Shares Outstanding | 107.5M | 107.2M | 107.0M | 106.8M | 106.6M |
| Diluted Shares Outstanding | 107.7M | 107.5M | 107.5M | 107.4M | 106.6M |
| Profitability Metrics | |||||
| EBITDA | 2.4B | 2.2B | 1.9B | 1.2B | 290.5M |
| D&A | 576.2M | 529.2M | 423.5M | 308.0M | 269.7M |
| EBIT | 1.9B | 1.6B | 1.4B | 904.3M | 20.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026