---
title: "First Solar (FSLR.US) — Financial Reports"
type: "Symbol"
locale: "en"
url: "https://longbridge.com/en/quote/FSLR.US/norm.md"
symbol: "FSLR.US"
name: "First Solar"
parent: "https://longbridge.com/en/quote/FSLR.US.md"
datetime: "2026-05-20T22:42:41.933Z"
locales:
  - [en](https://longbridge.com/en/quote/FSLR.US/norm.md)
  - [zh-CN](https://longbridge.com/zh-CN/quote/FSLR.US/norm.md)
  - [zh-HK](https://longbridge.com/zh-HK/quote/FSLR.US/norm.md)
---

# First Solar (FSLR.US) — Financial Reports

## Income Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| EPS | 3.22 | 4.84 | 4.24 | 3.18 | 1.95 |
| ROE | 14.28% | 22.46% | 20.77% | 16.34% | 10.37% |
| Revenue | 1.04B | 1.68B | 1.59B | 1.10B | 844.57M |
| Net income | 346.62M | 520.88M | 455.94M | 341.87M | 209.53M |
| Operating income | 345.30M | 547.92M | 466.10M | 361.61M | 221.24M |
| Gross margin | 46.55% | 39.54% | 38.29% | 45.56% | 40.78% |
| Net margin | 33.19% | 30.95% | 28.59% | 31.16% | 24.81% |
| Profit quality | -160.71% | 44.12% | 36.60% | 241.75% | -36.39% |

## Balance Sheet (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| A&L | 13.35B | 13.32B | 13.46B | 12.86B | 12.12B |
| Leverage | 1.35 | 1.40 | 1.49 | 1.50 | 1.48 |
| BVPS | 91.93 | 88.88 | 84.01 | 79.69 | 76.34 |
| Turnover | 0.4256 | 0.4102 | 0.4057 | 0.3639 | 0.3721 |
| Cash & STI | 2.43B | 2.86B | 2.04B | 1.15B | 890.76M |
| Inv & Rec | 1.18B | 1.02B | 1.37B | 1.67B | 1.52B |
| LT assets | 5.87B | 5.87B | 5.94B | 5.86B | 5.78B |
| Net debt | -1.84B | -2.20B | -1.15B | -86.77M | -260.37M |

## Cash Flow Statement (USD)

| Indicator | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
| --- | --- | --- | --- | --- | --- |
| Operating CF | -214.87M | 1.24B | 1.27B | 149.58M | -607.98M |
| Investing CF | -148.53M | -187.23M | -227.73M | -261.99M | -88.21M |
| Financing CF | -72.22M | -243.67M | -222.56M | 446.62M | -99.62M |
| Free CF | 188.14M | 417.25M | 1.05B | -486.14M | 5.59M |
| OCF coverage | -85.60% | 260.63% | 206.77% | 42.05% | -159.00% |
| Repaid & issued | 60.83M | 61.42M | 189.65M | 514.38M | 92.34M |
| CapEx | -118.53M | -171.73M | -204.05M | -288.13M | -205.97M |