First Solar, Inc. (FSLR) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI

First Solar, Inc. (FSLR) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI | MarketCI

FSLR

Market Closed

First Solar, Inc.

NASDAQEnergy Solar

8.10K employees

CEO: Mark R. Widmar

Founded: 2006

$257.70

+$0.00(+NaN%)

Market Cap

27.69B

Beta

1.69

52W Range

N/A

Dividend Yield

0.00%

Overview Forecasts Fundamental Market Sentiment Valuation Ownership

Financial Statements

Comprehensive breakdown of financial statements and performance metrics

Gross Margin

40.6%

14.1%

CAGR: 30.6%

Profit after direct costs

Operating Margin

32.3%

20.7%

CAGR: 30.1%

Core business profitability

Net Margin

29.3%

18.3%

CAGR: 34.4%

Bottom line profitability

Revenue Growth

24.1%

YoY

CAGR: 15.6%

Top line growth rate

Revenue Flow Analysis

Visual flow showing how FSLR allocates revenue across expenses and profit

Fiscal Year 2025

Revenue Distribution

Flow of revenue through cost categories to net income

Gross Margin

40.6%

$2.12B

Operating Margin

32.3%

$1.68B

Net Margin

29.3%

$1.53B

Detailed Income Statement

Complete profit and loss breakdown with margin analysis and historical comparison

Item	2021	2022	2023	2024	2025	YoY Change
Total Revenue	2.92B	2.62B	3.32B	4.21B	5.22B	24.1%
Cost of Revenue	(2.19B)	(2.55B)	(2.02B)	(2.35B)	(3.10B)	31.9%
Gross Profit	729.95M	69.86M	1.30B	1.86B	2.12B	14.1%
Operating Expenses
Research & Development	(99.11M)	(112.80M)	(152.31M)	(191.38M)	(233.42M)	22.0%
Selling, General & Administrative	(170.32M)	(164.72M)	(197.62M)	(188.26M)	(203.76M)	8.2%
Depreciation & Amortization	(259.90M)	(269.72M)	(307.99M)	(423.50M)	(529.22M)	25.0%
Operating Income (EBIT)	586.75M	-27.24M	857.27M	1.39B	1.68B	20.7%
Non-Operating Items
Interest Income	6.18M	33.28M	97.67M	89.09M	81.76M	-8.2%
Interest Expense	(13.11M)	(12.22M)	(12.96M)	(38.87M)	(44.13M)	13.5%
Other Income/Expenses (Net)	-14.59M	35.83M	34.02M	11.92M	-102.61M	-961.0%
Income Before Tax	572.16M	8.60M	891.29M	1.41B	1.58B	12.4%
Income Tax Expense	(103.47M)	(52.76M)	(60.51M)	(114.29M)	(52.68M)	-53.9%
Net Income	468.69M	-44.17M	830.78M	1.29B	1.53B	18.3%
Per Share Metrics
Earnings Per Share (Basic)	$4	$-0	$8	$12	$14	18.1%
Weighted Avg Shares Outstanding	106.26M	106.55M	106.80M	107.02M	107.23M	0.2%
Weighted Avg Shares Outstanding (Diluted)	106.92M	106.55M	107.37M	107.53M	107.54M	0.0%
EBITDA	845.17M	290.55M	1.21B	1.87B	2.15B	15.3%

Explore FSLR

Overview

Key metrics and AI-powered insights

Forecast

Price targets and earnings estimates

Fundamentals

Income, balance sheet and cash flow

Valuation

P/E, DCF and valuation multiples

Ownership

Institutional and insider holdings

Sentiment

Analyst ratings and news sentiment

FSLR in the Energy

Large Cap

Energy

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Solar

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