First Solar (FSLR) Change in Receivables (2009 - 2026)

First Solar (FSLR) reported Change in Receivables of $85.8 million for Q1 2026, down 72.05% on a YoY basis from $306.8 million in Q1 2025, and up 137.68% quarter-over-quarter from -$227.6 million in Q4 2025.

First Solar (FSLR) Change in Receivables (2009 - 2026) Analysis & Trends

First Solar has reported Change in Receivables for 18 years, with the latest figure at $85.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Change in Receivables fell 72.05% year-over-year to $85.8 million; the trailing twelve-month figure through Mar 2026 stood at -$251.7 million (down 130.34% YoY), and the FY2025 full-year result was -$30.6 million, down 106.06% from the prior year.
  • Change in Receivables for Q1 2026 stood at $85.8 million, up from -$227.6 million in the prior quarter.
  • The five-year high for Change in Receivables was $436.5 million in Q4 2024, with the low at -$227.6 million in Q4 2025.
  • Historically, Change in Receivables has averaged $43.9 million across 5 years, with a median of -$1.5 million in 2022.
  • Annual changes were most pronounced in 2023 — Change in Receivables soared 14220.43% — and 2025, when it tumbled 323.67%.
  • First Solar's Change in Receivables stood at $58.3 million in 2022, then slumped by 238.71% to -$80.9 million in 2023, then surged by 639.82% to $436.5 million in 2024, then slumped by 152.14% to -$227.6 million in 2025, then soared by 137.68% to $85.8 million in 2026.
  • The last three Change in Receivables figures came in at $85.8 million (Q1 2026), -$227.6 million (Q4 2025), and -$220.2 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Change in Receivables (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 85.76 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn -41.56 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -43.56 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -22.09 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 412,000.00
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 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 1.23 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
Mar 31, 2026 85.76 Mn
Mar 31, 2026 85.76 Mn
Dec 31, 2025 -227.59 Mn
Dec 31, 2025 -227.59 Mn
Sep 30, 2025 -220.17 Mn
Sep 30, 2025 -220.17 Mn
Jun 30, 2025 110.31 Mn
Jun 30, 2025 110.31 Mn
Mar 31, 2025 306.82 Mn
Mar 31, 2025 306.82 Mn
Dec 31, 2024 436.51 Mn
Dec 31, 2024 436.51 Mn
Sep 30, 2024 98.44 Mn
Sep 30, 2024 98.44 Mn
Jun 30, 2024 -12.11 Mn
Jun 30, 2024 -12.11 Mn
Mar 31, 2024 -17.50 Mn
Mar 31, 2024 -17.50 Mn
Dec 31, 2023 -80.86 Mn
Dec 31, 2023 -80.86 Mn