First Solar (FSLR) Change in Cash (2009 - 2026)
First Solar (FSLR) reported Change in Cash of -$437.7 million for Q1 2026, up 44.89% on a YoY basis from -$302.1 million in Q1 2025, and down 153.89% quarter-over-quarter from $812.1 million in Q4 2025.
First Solar (FSLR) Change in Cash (2009 - 2026) Analysis & Trends
First Solar has reported Change in Cash for 18 years, with the latest figure at -$437.7 million in Q1 2026.
- For the quarter ending Q1 2026, Change in Cash rose 44.89% year-over-year to -$437.7 million; the trailing twelve-month figure through Mar 2026 stood at $1.5 billion (up 278.41% YoY), and the FY2025 full-year result was $1.2 billion, up 459.74% from the prior year.
- Change in Cash for Q1 2026 stood at -$437.7 million, down from $812.1 million in the prior quarter.
- The five-year high for Change in Cash was $821.9 million in Q3 2025, with the low at -$794.2 million in Q1 2025.
- Historically, Change in Cash has averaged $54.1 million across 5 years, with a median of $13.7 million in 2024.
- Annual changes were most pronounced in 2023 — Change in Cash sank 372.16% — and 2025, when it surged 2361.28%.
- First Solar's Change in Cash stood at $332.7 million in 2022, then soared by 36.72% to $454.8 million in 2023, then jumped by 35.6% to $616.8 million in 2024, then soared by 31.67% to $812.1 million in 2025, then tumbled by 153.89% to -$437.7 million in 2026.
- The last three Change in Cash figures came in at -$437.7 million (Q1 2026), $812.1 million (Q4 2025), and $821.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Cash (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -437.66 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 142.35 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | 23.23 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 13.52 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -147.72 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | -5.44 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -43.99 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | - |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | 3.90 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -437.66 Mn |
| Dec 31, 2025 | 812.07 Mn |
| Sep 30, 2025 | 821.88 Mn |
| Jun 30, 2025 | 336.06 Mn |
| Mar 31, 2025 | -794.20 Mn |
| Dec 31, 2024 | 616.76 Mn |
| Sep 30, 2024 | -695.11 Mn |
| Jun 30, 2024 | 13.65 Mn |
| Mar 31, 2024 | -262.15 Mn |
| Dec 31, 2023 | 454.83 Mn |
| Sep 30, 2023 | 665.65 Mn |
| Jun 30, 2023 | -78.22 Mn |
| Mar 31, 2023 | -570.64 Mn |
| Dec 31, 2022 | 332.66 Mn |
| Sep 30, 2022 | -548.05 Mn |
| Jun 30, 2022 | 373.87 Mn |
| Mar 31, 2022 | -120.86 Mn |
| Dec 31, 2021 | 69.96 Mn |
| Sep 30, 2021 | -247.40 Mn |
| Jun 30, 2021 | 399.42 Mn |