First Solar (FSLR) Cash from Operations (2009 - 2026)
First Solar (FSLR) posted Cash from Operations of -$42.95 million for Q3 2026, compared with $1.27 billion a year earlier.
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Analysis
First Solar (FSLR) Cash from Operations (2009 - 2026) Analysis & Trends
For the trailing twelve months through Sep 30, 2026, Cash from Operations at First Solar was $839.18 million, down 48.4% year-over-year; for FY2025, it was $2.06 billion, up 68.9% from FY2024.
- Annual Cash from Operations shows a five-year compound annual growth rate of 123.2% (FY2020 to FY2025).
- In prior years, First Solar's Cash from Operations was $1.22 billion in FY2024 (+102.2%), $602.26 million in FY2023 (-31.0%), $873.37 million in FY2022 (+267.6%) and $237.56 million in FY2021 (+540.0%).
- Quarterly Cash from Operations has run from a low of -$607.98 million in Q1 2025 to a high of $1.27 billion in Q3 2025 over five years.
- The strongest year-over-year quarter for Cash from Operations in the past five years was Q4 2025, with growth of 53.1%; the weakest was Q4 2021, with a decline of 81.5%.
- According to Business Quant data, Cash from Operations for the three prior quarters was -$144.9 million (Q2 2026), -$214.87 million (Q1 2026) and $1.24 billion (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cash from Ops. (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 210.90 Bn | 163.15 Bn | 3.11 Bn | 6.06 Bn |
| 2 | Bloom Energy | 54.82 Bn | 44.75 Bn | 417.10 Mn | -27.14 Mn |
| 3 | First Solar | 19.45 Bn | 10.82 Bn | 713.06 Mn | -42.95 Mn |
| 4 | Nextpower | 15.04 Bn | 10.75 Bn | 345.32 Mn | 158.10 Mn |
| 5 | BWX Technologies | 11.61 Bn | 9.39 Bn | 227.14 Mn | 202.72 Mn |
| 6 | Generac Holdings | 10.72 Bn | 9.45 Bn | 516.04 Mn | 170.99 Mn |
| 7 | Innio | 10.33 Bn | 6.57 Bn | 367.70 Mn | 297.90 Mn |
| 8 | EnerSys | 5.50 Bn | 3.69 Bn | 313.36 Mn | 230.16 Mn |
| 9 | Mirion Technologies | 4.67 Bn | 3.08 Bn | 131.50 Mn | 59.20 Mn |
| 10 | X-Energy | 4.46 Bn | 3.10 Bn | -32.06 Mn | -97.32 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -42.95 Mn |
| Jun 30, 2026 | -144.90 Mn |
| Mar 31, 2026 | -214.87 Mn |
| Dec 31, 2025 | 1.24 Bn |
| Sep 30, 2025 | 1.27 Bn |
| Jun 30, 2025 | 149.58 Mn |
| Mar 31, 2025 | -607.98 Mn |
| Dec 31, 2024 | 811.00 Mn |
| Sep 30, 2024 | -53.73 Mn |
| Jun 30, 2024 | 193.01 Mn |
| Mar 31, 2024 | 267.72 Mn |
| Dec 31, 2023 | 561.11 Mn |
| Sep 30, 2023 | 165.43 Mn |
| Jun 30, 2023 | -89.68 Mn |
| Mar 31, 2023 | -34.60 Mn |
| Dec 31, 2022 | 795.22 Mn |
| Sep 30, 2022 | 128.98 Mn |
| Jun 30, 2022 | 88.02 Mn |
| Mar 31, 2022 | -138.84 Mn |
| Dec 31, 2021 | 34.47 Mn |
API Access
First Solar Cash from Operations API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FSLR&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cash-from-operations", "ticker": "FSLR", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cash-from-operations&ticker=FSLR&period=max&api_key=YOUR_API_KEY");
const data = await res.json();