FSLR - NASDAQ

First Solar, Inc.

FSLR·NASDAQ

$318.25

+2.3%

EnergySolar

First Solar, Inc. provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners. The company was formerly known as First Solar Holdings, Inc. and changed its name to First Solar, Inc. in 2006. First Solar, Inc. was founded in 1999 and is headquartered in Tempe, Arizona.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$34.20B

EPS14.2500

P/E Ratio22.33

Earnings Date07/30/2026

13.32B

Assets

10%

3Y+61.0%

5Y+87.0%

10Y+94.0%

3.78B

Total Liabilities

-9%

3Y+57.0%

5Y+138.0%

10Y+129.0%

9.54B

Total Equity

20%

3Y+63.0%

5Y+73.0%

10Y+83.0%

First Solar, Inc. Funding & Solvency Profile

FSLR · NASDAQ

Current Assets

Cash & Cash Equivalents2.80B

Net Receivables1.29B

Inventory736.73M

Other Current Assets1.14B

Total Current Assets6 B

Non-Current Assets

Property, Plant & Equipment5.68B

Goodwill & Intangible Assets82.10M

Long-Term Investments0.00

Other Non-Current Assets1.34B

Total Non-Current Assets7 B

Total Assets

13.32B

Financial Health Analysis

Current Ratio

2.67x

Excellent liquidity position. The company can easily cover its short-term obligations with substantial cushion.

Debt-to-Equity Ratio

0.40x

Conservative capital structure. The company relies primarily on equity financing, indicating low financial risk.

Working Capital

4 B

Strong working capital position provides significant operational flexibility and financial cushion.

Asset Composition

45% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Strong financial foundation: Excellent liquidity combined with conservative leverage suggests the company is well-positioned to weather economic uncertainties and fund growth opportunities.

First Solar, Inc. Balance Sheet

FSLR • NASDAQ

First Solar, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017	Dec 2016	Dec 2015	Dec 2014	Dec 2013	Dec 2012	Dec 2011	Dec 2010	Dec 2009	Dec 2008	Dec 2007	Dec 2006
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	2.8B	1.6B	1.9B	1.5B	1.5B	1.2B	1.4B	1.4B	2.3B	1.3B	1.1B	1.5B	1.3B	901.3M	605.6M	765.7M	664.5M	716.2M	404.3M	308.1M
Short-Term Investments	51.8M	171.6M	155.5M	1.1B	375.4M	520.1M	811.5M	1.1B	720.4M	608M	703.5M	509M	439.1M	102.6M	66.1M	167.9M	120.2M	76M	232.7M	323K
Cash & Short-Term Investments	2.9B	1.8B	2.1B	2.6B	1.8B	1.7B	2.2B	2.5B	3B	2B	1.8B	2B	1.8B	1B	671.8M	933.6M	784.7M	792.3M	637M	308.4M
Net Receivables	1.3B	1.8B	1.4B	329.6M	454.7M	294.3M	712.3M	612.8M	419M	510.7M	561.1M	224.9M	657.7M	972.3M	844M	307M	277.4M	73.2M	54M	55.5M
Accounts Receivables	1.3B	1.3B	682.6M	324.3M	454.7M	292.8M	682.4M	586.4M	406.8M	488.4M	561.1M	224.9M	657.7M	972.3M	844M	307M	277.4M	61.8M	18.2M	28M
Other Receivables	0.0	525.9M	725M	5.3M	0.0	1.5M	29.9M	26.3M	12.2M	22.3M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	11.4M	35.9M	27.5M
Inventory	736.7M	1.3B	1B	783.3M	819.4M	702.1M	497.1M	444.8M	201.2M	426M	517.3M	630.2M	522.7M	533.8M	529.7M	195.9M	152.8M	121.6M	40.2M	16.5M
Prepaids	0.0	81.7M	69.5M	51.6M	69.6M	97.1M	185.7M	150.3M	73.4M	77.3M	75M	42.2M	24.6M	39.6M	151.6M	143M	164.1M	92M	22.2M	8.1M
Other Current Assets	1.1B	57.2M	43M	49M	21.5M	174M	40.5M	99.2M	135.9M	818.6M	310.5M	189.3M	823.6M	282.8M	416.2M	5M	22.8M	9.9M	49.1M	0.0
Total Current Assets	6B	5.1B	4.6B	3.8B	3.2B	3B	3.6B	3.9B	3.8B	3.8B	3.3B	3.2B	3.8B	2.8B	2.6B	1.6B	1.4B	1.1B	802.5M	388.5M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	5.7B	5.6B	4.5B	3.6B	3.1B	2.9B	2.8B	2.1B	1.6B	1.1B	1.4B	1.5B	1.4B	1.5B	1.8B	1.4B	988.8M	842.6M	430.1M	178.9M
Goodwill	31.1M	28.3M	29.7M	14.5M	14.5M	14.5M	14.5M	14.5M	14.5M	14.5M	85M	85M	85M	65.4M	65.4M	433.3M	286.5M	33.8M	33.4M	0.0
Intangible Assets	51M	54.7M	64.5M	31.1M	45.5M	56.1M	64.5M	74.2M	80.2M	88M	110M	119.2M	117.4M	3.7M	0.0	0.0	0.0	0.0	0.0	0.0
Goodwill & Intangible Assets	82.1M	83M	94.2M	45.6M	60M	70.6M	79M	88.6M	94.7M	102.4M	195M	204.2M	202.4M	69.2M	65.4M	433.3M	286.5M	33.8M	33.4M	0.0
Long-Term Investments	0.0	0.0	0.0	0.0	0.0	0.0	2.8M	3.2M	217.2M	234.6M	399.8M	255M	17.3M	5.1M	116.2M	266.3M	391.1M	84.6M	0.0	0.0
Tax Assets	194.7M	208.8M	142.8M	78.7M	59.2M	104.1M	130.8M	77.7M	51.4M	252.7M	357.7M	222.3M	296.6M	317.5M	340.3M	259.2M	130.5M	61.3M	51.8M	0.0
Other Non-Current Assets	1.3B	1.2B	994.6M	705.5M	1B	1B	899.4M	1B	1.1B	1.4B	1.6B	1.4B	1.2B	1.6B	826.5M	406.4M	201.3M	14.7M	53.4M	11.1M
Total Non-Current Assets	7.3B	7B	5.7B	4.5B	4.2B	4.1B	3.9B	3.3B	3B	3.1B	4B	3.5B	3.1B	3.5B	3.2B	2.8B	2B	1B	568.8M	190M
Total Assets	13.3B	12.1B	10.4B	8.3B	7.4B	7.1B	7.5B	7.1B	6.9B	6.9B	7.3B	6.7B	6.9B	6.3B	5.8B	4.4B	3.3B	2.1B	1.4B	578.5M
LIABILITIES
CURRENT LIABILITIES
Total Payables	405.8M	600.7M	256.1M	390.6M	229.1M	239.6M	236.1M	254.2M	139.8M	161.3M	339M	216.4M	268M	355.7M	186M	99.1M	84.5M	146.2M	26.4M	32.1M
Accounts Payable	405.8M	482.2M	207.2M	341.4M	193.4M	183.3M	218.1M	233.3M	120.2M	148.7M	337.7M	214.7M	261.3M	350.2M	176.4M	82.3M	75.7M	46.3M	26.4M	32.1M
Other Payables	0.0	118.5M	48.9M	49.2M	35.8M	56.3M	18M	20.9M	19.6M	12.6M	1.3M	1.7M	6.7M	5.5M	9.5M	16.8M	8.7M	99.9M	0.0	0.0
Accrued Expenses	0.0	458.6M	463.9M	315.1M	230.7M	247.1M	649.1M	399.6M	366.8M	263M	409.5M	388.2M	320.1M	554.4M	406.7M	244.3M	193.3M	140.9M	81.4M	0.0
Short Term Debt	216M	236.4M	96.2M	0.0	3.9M	41.5M	17.5M	5.6M	13.1M	28M	38.1M	51.9M	60.5M	62.3M	44.5M	26.6M	28.6M	35M	39.3M	19.7M
Capital Lease Obligations (Current)	0.0	13.3M	10.4M	9.2M	12.8M	14M	11.1M	0.0	0.0	0.0	0.0	-123.9M	0.0	2.2M	0.0	0.0	0.0	0.0	0.0	0.0
Tax Payables	7.5M	77.4M	48.9M	29.4M	4.5M	14.6M	17M	20.9M	19.6M	5.3M	1.3M	1.7M	6.7M	5.5M	9.5M	16.8M	8.7M	99.9M	0.0	0.0
Deferred Revenue	1B	712M	413.6M	263.2M	201.9M	188.8M	323.2M	129.8M	81.8M	115.6M	87.9M	195.3M	119M	2.1M	416.2M	261.1M	195.4M	140.9M	0.0	0.0
Other Current Liabilities	618M	56.4M	66M	60M	48.4M	116.3M	81.2M	56.3M	48.8M	146.9M	68.4M	127.4M	820.4M	124.4M	70M	99.7M	88.6M	59.7M	39.3M	340K
Total Current Liabilities	2.3B	2.1B	1.3B	1B	726.9M	847.4M	1.3B	845.5M	650.3M	899.7M	960.8M	1B	1.6B	1.1B	973.7M	469.7M	394.9M	381.8M	186.5M	52.1M
NON-CURRENT LIABILITIES
Long Term Debt	282.6M	373.4M	464.1M	184.3M	236M	237.7M	454.2M	461.2M	380.5M	187M	251.3M	163.4M	162.8M	500.2M	619.1M	210.8M	146.4M	163.5M	68.9M	61M
Deferred Revenue (Non-Current)	0.0	1.3B	1.6B	944.7M	95.9M	44.9M	71.4M	48M	63.3M	0.0	0.0	0.0	0.0	47.6M	0.0	0.0	0.0	-61.3M	-51.8M	0.0
Deferred Tax Liabilities (Non-Current)	0.0	54.7M	42.8M	28.9M	27.7M	23.7M	6.5M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	1.2B	217.7M	219.3M	178.5M	221.8M	245.3M	456.1M	554.3M	671.8M	511.1M	555.7M	532.4M	629.5M	1.1B	540.9M	245M	155.4M	56.2M	18.7M	54M
Total Non-Current Liabilities	1.5B	2.1B	2.4B	1.4B	727.3M	740.6M	1.1B	1.1B	1.1B	754.8M	807M	695.9M	792.3M	1.6B	1.2B	455.8M	301.8M	219.7M	87.6M	115M
Capital Lease Obligations	0.0	109M	64.1M	49.8M	158.7M	203M	123.6M	0.0	35M	38.5M	42M	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Total Liabilities	3.8B	4.1B	3.7B	2.4B	1.5B	1.6B	2.4B	1.9B	1.8B	1.7B	1.8B	1.7B	2.4B	2.7B	2.1B	925.5M	696.7M	601.5M	274M	167.1M
SHAREHOLDERS' EQUITY
Common Stock	107K	107K	107K	107K	106K	106K	105K	105K	104K	104K	102K	100K	100K	87K	86K	86K	85K	82K	79K	72K
Additional Paid-In Capital	0.0	2.9B	2.9B	2.9B	2.9B	2.9B	2.8B	2.8B	2.8B	2.8B	2.7B	2.7B	2.6B	2.1B	2B	1.8B	1.7B	1.2B	1.1B	555.7M
Retained Earnings	0.0	5.3B	4B	3.1B	3.2B	2.7B	2.3B	2.4B	2.3B	2.5B	2.8B	2.2B	1.9B	1.5B	1.6B	1.7B	1B	361.2M	12.9M	-145.4M
Accumulated Other Comprehensive Income/Loss	-155.5M	-184.1M	-174.1M	-191.8M	-96.4M	-61.7M	-79.3M	-54.5M	2.3M	-9.9M	15.5M	50.1M	-25.8M	10.2M	-5M	-27.2M	-9.6M	-24.4M	4.5M	1M
Other Total Stockholders' Equity	9.7B	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	1.1M	2.8M	0.0	0.0	0.0
Total Stockholders' Equity	9.5B	8B	6.7B	5.8B	6B	5.5B	5.1B	5.2B	5.1B	5.2B	5.5B	5B	4.5B	3.6B	3.6B	3.5B	2.7B	1.5B	1.1B	411.4M
Total Equity	9.5B	8B	6.7B	5.8B	6B	5.5B	5.1B	5.2B	5.1B	5.2B	5.5B	5B	4.5B	3.6B	3.6B	3.5B	2.7B	1.5B	1.1B	411.4M
SUMMARY
Total Liabilities & Equity	13.3B	12.1B	10.4B	8.3B	7.4B	7.1B	7.5B	7.1B	6.9B	6.9B	7.3B	6.7B	6.9B	6.3B	5.8B	4.4B	3.3B	2.1B	1.4B	578.5M
Total Investments	51.8M	171.6M	155.5M	1.1B	375.4M	520.1M	814.3M	1.1B	937.6M	842.6M	1.1B	764.1M	456.4M	107.7M	182.3M	434.2M	511.3M	160.7M	232.7M	323K
Total Debt	498.6M	718.8M	624.4M	234.1M	398.6M	482.3M	595.3M	466.8M	436.9M	215M	289.4M	213.5M	223.3M	562.6M	663.6M	237.4M	175M	198.5M	108.2M	80.7M
Net Debt	-2.3B	-902.6M	-1.3B	-1.2B	-1.1B	-744.7M	-757.4M	-936.8M	-1.8B	-1.1B	-837.4M	-1.3B	-1.1B	-338.7M	58M	-528.3M	-489.5M	-517.7M	-296.1M	-227.4M
Shares Outstanding	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732	107,307,732

SEC Filings

FSLR - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
8-K 8-K 2026 N/A	May 15, 2026	May 13, 2026	2026	View Filing
10-Q 10-Q 2026 Q1 Q1	April 30, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 30, 2026	April 30, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 02, 2026	April 02, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 24, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 24, 2026	February 24, 2026	2026	View Filing
8-K 8-K 2026 N/A	February 19, 2026	February 13, 2026	2026	View Filing
10-Q 10-Q 2025 Q3 Q3	October 30, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 30, 2025	October 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 21, 2025	October 20, 2025	2025	View Filing

Showing 1 to 10 of 343 filings

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