First Solar, Inc.
FSLR Technology Solar
First Solar, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $5.2 billion, up 24.1% from fiscal 2024. In the quarter to June 2026, revenue fell 3.73%, EPS grew 23.2%, free cash flow fell 121.0% and total debt fell 93.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.
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First Solar, Inc. (FSLR) Net income
First Solar, Inc.'s net income for fiscal 2025 was $1.5B, up 18.3% from $1.3B in fiscal 2024. Over the twelve months to 30 June 2026 it was $1.7B. Over the past ten years it has ranged from −$416.1M (fiscal 2016) to $1.5B (fiscal 2025) — the current reading is the highest in ten years. Net income has risen for 3 consecutive fiscal years. First Solar, Inc. ranks 1st of 25 Solar companies by net income.
Net income, annual
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Annual newest first
| Period | Net income | Change |
|---|---|---|
| FY2025 | $1.5B | 18.28% |
| FY2024 | $1.3B | 55.52% |
| FY2023 | $830.8M | — |
| FY2022 | −$44.2M | — |
| FY2021 | $468.7M | 17.66% |
| FY2020 | $398.4M | — |
| FY2019 | −$114.9M | — |
| FY2018 | $144.3M | — |
| FY2017 | −$165.6M | — |
| FY2016 | −$416.1M | — |
Quarterly newest first
| Period | Net income | Change |
|---|---|---|
| Jun 2026 | $422.6M | 21.91% |
| Mar 2026 | $346.6M | (33.46%) |
| Dec 2025 | $520.9M | 14.24% |
| Sep 2025 | $455.9M | 33.37% |
| 42 more quarters | Free account |
Against its own ten years
Net income against peers
| Company | Net income |
|---|---|
| FSLR First Solar, Inc. | $1.7B |
| NXT Nextpower Inc. compare | $594.1M |
| ENPH Enphase Energy, Inc. compare | $134.0M |
| SHLS Shoals Technologies Group, Inc. compare | $31.8M |
| ARRY Array Technologies, Inc. compare | −$85.9M |
| DQ DAQO New Energy Corp. compare | −$258.7M |
| SEDG SolarEdge Technologies, Inc. compare | −$270.3M |
| RUN Sunrun Inc. compare | −$958.5M |
| JKS JinkoSolar Holding Company Limited compare | −$1.0B |
What Net income is
Net Income tells an investor how much profit a company kept in a period after every cost, interest charge and tax.
Reported line item
More on FSLR
- Revenue
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement