NASDAQ:FSLR
First Solar, Inc.
First Solar, Inc.'s revenue grew 24.1% in fiscal 2025 to $5.2B while operating margin fell to 30.6%. Free cash flow was $1.2B, 22.7% of revenue.Summary generated from First Solar, Inc.'s SEC filings. Latest annual report filed Feb 24, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$5.2B
Revenue growth+24.1%
Revenue, 5-yr CAGR+14.0%
Gross margin40.6%
Operating margin30.6%
Net margin29.3%
ROIC22.5%
Return on equity17.4%
Debt / equity0.03
Free cash flow$1.2B
FCF margin22.7%
Share count change+0.0%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 2,923 | 2,619 | 3,319 | 4,206 | 5,219 |
| Operating income | 587 | −27 | 857 | 1,394 | 1,597 |
| Net income | 469 | −44 | 831 | 1,292 | 1,528 |
| Free cash flow | −303 | −30 | −785 | −308 | 1,187 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Oct 2, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Jul 30, 2026 - 8-KResults of operations and financial condition
Jul 30, 2026 - 8-KResults of a shareholder vote
May 15, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
Apr 30, 2026 - 8-KResults of operations and financial condition
Apr 30, 2026 - DEF 14AProxy statement
Apr 2, 2026