First Solar Income Statement
FSLR / Information Technology|15 years of annual SEC 10-K data (FY2011-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 15 fiscal years. All figures from audited SEC 10-K filings.
First Solar reported $5.2B in revenue and $1.5B in net income for FY2025. Revenue has grown at a 4.6% compound annual rate over the past 14 years.
Based on SEC 10-K filings.
Key Data Points
- Strong profit margin: 27.7%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.2B | $4.2B | $3.3B | $2.6B | $2.9B | $2.7B | $3.1B | $2.2B | $2.9B | $2.9B | $4.1B | $3.4B | $3.3B | $3.4B | $2.8B |
| Cost of Revenue | $3.1B | $2.3B | $2.0B | $2.5B | $2.2B | $2.0B | $2.5B | $1.9B | $2.4B | $2.3B | $3.0B | $2.6B | $2.4B | $2.5B | $1.8B |
| Gross Profit | $2.1B | $1.9B | $1.3B | $69.9M | $730.0M | $680.7M | $549.2M | $392.2M | $548.9M | $638.4M | $1.1B | $824.9M | $864.6M | $852.7M | $971.8M |
| SG&A Expense | $203.8M | $188.3M | $197.6M | $164.7M | $170.3M | $222.9M | $205.5M | $176.9M | $202.7M | $262.0M | $255.2M | $253.8M | $270.3M | $280.9M | $412.5M |
| R&D Expense | $233.4M | $191.4M | $152.3M | $112.8M | $99.1M | $93.7M | $96.6M | $84.5M | $88.6M | $124.8M | $130.6M | $144.0M | $134.3M | $132.5M | $140.5M |
| Operating Income | $1.6B | $1.4B | $857.3M | -$27.2M | $586.8M | $317.5M | -$161.8M | $40.1M | $177.9M | -$568.2M | $730.2M | $422.0M | $370.4M | -$37.6M | -$68.7M |
| Interest Expense | - | - | $13.0M | $12.2M | $13.1M | $24.0M | $27.1M | $25.9M | $25.8M | $20.5M | $7.0M | $2.0M | $1.9M | $13.9M | $100.0K |
| Income Tax | $52.7M | $114.3M | $60.5M | $52.8M | $103.5M | -$107.3M | -$5.5M | $3.4M | $372.0M | $23.2M | $32.3M | $31.2M | $30.1M | $56.5M | -$14.2M |
| Net Income | $1.5B | $1.3B | $830.8M | -$44.2M | $468.7M | $398.4M | -$114.9M | $144.3M | -$165.6M | -$416.1M | $593.4M | $396.0M | $350.7M | -$96.3M | -$39.5M |
| EPS (Basic) | $14.25 | $12.07 | $7.78 | $3.76 | -$1.09 | $1.38 | -$1.59 | -$4.05 | $5.88 | $3.96 | $3.74 | -$1.11 | $3.74 | $7.82 | -$0.46 |
| EPS (Diluted) | $14.21 | $12.02 | $7.74 | $3.73 | -$1.09 | $1.36 | -$1.59 | -$4.05 | $5.83 | $3.90 | $3.67 | -$1.11 | $3.67 | $7.68 | -$0.46 |
| Shares Outstanding | 107.3M | 107.1M | 106.8M | 106.3M | 106.0M | 105.4M | 104.9M | 104.5M | 104.0M | 101.8M | 100.3M | 99.5M | 99.5M | 86.5M | 86.5M |
| Gross Margin | 40.6% | 44.2% | 39.2% | 2.7% | 25.0% | 25.1% | 17.9% | 17.5% | 18.7% | 22.0% | 27.5% | 24.3% | 26.1% | 25.3% | 35.1% |
| Operating Margin | 30.6% | 33.1% | 25.8% | -1.0% | 20.1% | 11.7% | -5.3% | 1.8% | 6.0% | -19.6% | 17.8% | 12.4% | 11.2% | -1.1% | -2.5% |
| Profit Margin | 29.3% | 30.7% | 25.0% | -1.7% | 16.0% | 14.7% | -3.8% | 6.4% | -5.6% | -14.3% | 14.4% | 11.7% | 10.6% | -2.9% | -1.4% |