Growth Metrics

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

First Solar posted quarterly Change in Receivables of $85.8 million for Q1 2026, down 72.05% year-on-year from $306.8 million in Q1 2025, and up 137.68% on a QoQ basis from -$227.6 million in Q4 2025.

First Solar (FSLR) has 18 years of Change in Receivables data on file, last reported 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.
  • Across five years, Change in Receivables topped out at $436.5 million in Q4 2024 and bottomed at -$227.6 million in Q4 2025.
  • The 5-year median for Change in Receivables is -$1.5 million (2022), against an average of $43.9 million.
  • The widest annual swing landed in 2023, when Change in Receivables soared 14220.43%; it then sank 323.67% in 2025.
  • A 5-year view of Change in Receivables shows it stood at $58.3 million in 2022, then sank by 238.71% to -$80.9 million in 2023, then soared by 639.82% to $436.5 million in 2024, then sank by 152.14% to -$227.6 million in 2025, then jumped 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 26.65 Bn 24.22 Bn 486.13 Mn 85.76 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn -
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn -
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn -41.56 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn -43.56 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn -22.09 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 412,000.00
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn -
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 1.23 Mn

Historic Data

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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
Sep 30, 2023 207.46 Mn
Sep 30, 2023 207.46 Mn
Jun 30, 2023 211.52 Mn
Jun 30, 2023 211.52 Mn
Mar 31, 2023 -33.93 Mn
Mar 31, 2023 -33.93 Mn
Dec 31, 2022 58.30 Mn
Dec 31, 2022 58.30 Mn
Sep 30, 2022 -31.24 Mn
Sep 30, 2022 -31.24 Mn
Jun 30, 2022 -1.50 Mn
Jun 30, 2022 -1.50 Mn
Mar 31, 2022 -144.29 Mn
Mar 31, 2022 -144.29 Mn
Dec 31, 2021 176.52 Mn
Dec 31, 2021 176.52 Mn
Sep 30, 2021 -335.40 Mn
Sep 30, 2021 -335.40 Mn
Jun 30, 2021 -64.63 Mn
Jun 30, 2021 -64.63 Mn
Mar 31, 2021 320.46 Mn
Mar 31, 2021 320.46 Mn
Dec 31, 2020 -15.06 Mn
Dec 31, 2020 -15.06 Mn
Sep 30, 2020 -27.06 Mn
Sep 30, 2020 -27.06 Mn
Jun 30, 2020 -60.35 Mn
Jun 30, 2020 -60.35 Mn
Mar 31, 2020 -242.68 Mn
Mar 31, 2020 -242.68 Mn
Dec 31, 2019 125.40 Mn
Dec 31, 2019 125.40 Mn
Sep 30, 2019 136.50 Mn
Sep 30, 2019 136.50 Mn
Jun 30, 2019 -271.20 Mn
Jun 30, 2019 -271.20 Mn
Mar 31, 2019 82.90 Mn
Mar 31, 2019 82.90 Mn
Dec 31, 2018 23.58 Mn
Dec 31, 2018 23.58 Mn
Sep 30, 2018 260.38 Mn
Sep 30, 2018 260.38 Mn
Jun 30, 2018 -119.29 Mn
Jun 30, 2018 -119.29 Mn
Mar 31, 2018 37.63 Mn
Mar 31, 2018 37.63 Mn
Dec 31, 2017 -414.32 Mn
Dec 31, 2017 -414.32 Mn
Sep 30, 2017 193.32 Mn
Sep 30, 2017 193.32 Mn
Jun 30, 2017 387.48 Mn
Jun 30, 2017 387.48 Mn
Mar 31, 2017 -252.24 Mn
Mar 31, 2017 -252.24 Mn
Dec 31, 2016 -176.25 Mn
Dec 31, 2016 -176.25 Mn
Sep 30, 2016 47.68 Mn
Sep 30, 2016 47.68 Mn
Jun 30, 2016 45.98 Mn
Jun 30, 2016 45.98 Mn
Mar 31, 2016 -96.31 Mn
Mar 31, 2016 -96.31 Mn
Dec 31, 2015 76.33 Mn
Dec 31, 2015 76.33 Mn
Sep 30, 2015 216.27 Mn
Sep 30, 2015 216.27 Mn
Jun 30, 2015 9.99 Mn
Jun 30, 2015 9.99 Mn
Mar 31, 2015 125.07 Mn
Mar 31, 2015 125.07 Mn
Dec 31, 2014 -613.58 Mn
Dec 31, 2014 -613.58 Mn
Sep 30, 2014 5.47 Mn
Sep 30, 2014 5.47 Mn
Jun 30, 2014 37.30 Mn
Jun 30, 2014 37.30 Mn
Mar 31, 2014 108.18 Mn
Mar 31, 2014 108.18 Mn
Dec 31, 2013 -3.73 Bn
Dec 31, 2013 -3.73 Bn
Sep 30, 2013 1.11 Bn
Sep 30, 2013 1.11 Bn
Jun 30, 2013 924.74 Mn
Jun 30, 2013 924.74 Mn
Mar 31, 2013 1.13 Bn
Mar 31, 2013 1.13 Bn
Dec 31, 2012 930.71 Mn
Dec 31, 2012 930.71 Mn
Sep 30, 2012 661.43 Mn
Sep 30, 2012 661.43 Mn
Jun 30, 2012 990.18 Mn
Jun 30, 2012 990.18 Mn
Mar 31, 2012 648.95 Mn
Mar 31, 2012 648.95 Mn
Dec 31, 2011 720.76 Mn
Dec 31, 2011 720.76 Mn
Sep 30, 2011 772.02 Mn
Sep 30, 2011 772.02 Mn
Jun 30, 2011 326.56 Mn
Jun 30, 2011 326.56 Mn
Mar 31, 2011 471.60 Mn
Mar 31, 2011 471.60 Mn
Dec 31, 2010 785.02 Mn
Dec 31, 2010 785.02 Mn
Sep 25, 2010 717.98 Mn
Sep 25, 2010 717.98 Mn
Jun 26, 2010 470.83 Mn
Jun 26, 2010 470.83 Mn
Mar 27, 2010 484.26 Mn
Mar 27, 2010 484.26 Mn
Dec 26, 2009 788.26 Mn
Dec 26, 2009 788.26 Mn
Sep 26, 2009 497.56 Mn
Sep 26, 2009 497.56 Mn
Jun 27, 2009 346.07 Mn
Jun 27, 2009 346.07 Mn
Mar 28, 2009 325.71 Mn
Mar 28, 2009 325.71 Mn