Growth Metrics

First Solar (FSLR) Cost of Revenue (2009 - 2026)

First Solar posted quarterly Cost of Revenue of $558.1 million for Q1 2026, up 11.58% year-on-year from $500.2 million in Q1 2025, and down 45.15% on a QoQ basis from $1.0 billion in Q4 2025.

First Solar (FSLR) has 18 years of Cost of Revenue data on file, last reported at $558.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue rose 11.58% year-over-year to $558.1 million; the trailing twelve-month figure through Mar 2026 stood at $3.2 billion (up 31.51% YoY), and the FY2025 full-year result was $3.1 billion, up 31.96% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $558.1 million, down from $1.0 billion in the prior quarter.
  • Across five years, Cost of Revenue topped out at $1.0 billion in Q4 2025 and bottomed at $355.6 million in Q1 2022.
  • The 5-year median for Cost of Revenue is $558.1 million (2026), against an average of $621.9 million.
  • The widest annual swing landed in 2022, when Cost of Revenue tumbled 42.52%; it then jumped 122.47% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $941.8 million in 2022, then plunged by 30.29% to $656.5 million in 2023, then jumped by 44.15% to $946.4 million in 2024, then gained by 7.51% to $1.0 billion in 2025, then slumped by 45.15% to $558.1 million in 2026.
  • The last three Cost of Revenue figures came in at $558.1 million (Q1 2026), $1.0 billion (Q4 2025), and $984.1 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 558.11 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 583.14 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 1.09 Bn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 48.09 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 242.22 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 178.53 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 99.55 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 160.41 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn 1.63 Bn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 14.40 Mn

Historic Data

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DateValue
Mar 31, 2026 558.11 Mn
Mar 31, 2026 558.11 Mn
Dec 31, 2025 1.02 Bn
Dec 31, 2025 1.02 Bn
Sep 30, 2025 984.11 Mn
Sep 30, 2025 984.11 Mn
Jun 30, 2025 597.32 Mn
Jun 30, 2025 597.32 Mn
Mar 31, 2025 500.17 Mn
Mar 31, 2025 500.17 Mn
Dec 31, 2024 946.37 Mn
Dec 31, 2024 946.37 Mn
Sep 30, 2024 442.36 Mn
Sep 30, 2024 442.36 Mn
Jun 30, 2024 511.59 Mn
Jun 30, 2024 511.59 Mn
Mar 31, 2024 448.11 Mn
Mar 31, 2024 448.11 Mn
Dec 31, 2023 656.52 Mn
Dec 31, 2023 656.52 Mn
Sep 30, 2023 424.92 Mn
Sep 30, 2023 424.92 Mn
Jun 30, 2023 500.25 Mn
Jun 30, 2023 500.25 Mn
Mar 31, 2023 436.24 Mn
Mar 31, 2023 436.24 Mn
Dec 31, 2022 941.78 Mn
Dec 31, 2022 941.78 Mn
Sep 30, 2022 607.95 Mn
Sep 30, 2022 607.95 Mn
Jun 30, 2022 644.16 Mn
Jun 30, 2022 644.16 Mn
Mar 31, 2022 355.58 Mn
Mar 31, 2022 355.58 Mn
Dec 31, 2021 660.83 Mn
Dec 31, 2021 660.83 Mn
Sep 30, 2021 458.92 Mn
Sep 30, 2021 458.92 Mn
Jun 30, 2021 455.06 Mn
Jun 30, 2021 455.06 Mn
Mar 31, 2021 618.61 Mn
Mar 31, 2021 618.61 Mn
Dec 31, 2020 449.37 Mn
Dec 31, 2020 449.37 Mn
Sep 30, 2020 634.55 Mn
Sep 30, 2020 634.55 Mn
Jun 30, 2020 504.95 Mn
Jun 30, 2020 504.95 Mn
Mar 31, 2020 441.79 Mn
Mar 31, 2020 441.79 Mn
Dec 31, 2019 1.07 Bn
Dec 31, 2019 1.07 Bn
Sep 30, 2019 408.44 Mn
Sep 30, 2019 408.44 Mn
Jun 30, 2019 507.77 Mn
Jun 30, 2019 507.77 Mn
Mar 31, 2019 531.87 Mn
Mar 31, 2019 531.87 Mn
Dec 31, 2018 592.93 Mn
Dec 31, 2018 592.93 Mn
Sep 30, 2018 547.09 Mn
Sep 30, 2018 547.09 Mn
Jun 30, 2018 317.38 Mn
Jun 30, 2018 317.38 Mn
Mar 31, 2018 394.47 Mn
Mar 31, 2018 394.47 Mn
Dec 31, 2017 277.11 Mn
Dec 31, 2017 277.11 Mn
Sep 30, 2017 795.23 Mn
Sep 30, 2017 795.23 Mn
Jun 30, 2017 512.43 Mn
Jun 30, 2017 512.43 Mn
Mar 31, 2017 807.61 Mn
Mar 31, 2017 807.61 Mn
Dec 31, 2016 322.95 Mn
Dec 31, 2016 322.95 Mn
Sep 30, 2016 510.37 Mn
Sep 30, 2016 510.37 Mn
Jun 30, 2016 834.37 Mn
Jun 30, 2016 834.37 Mn
Mar 31, 2016 598.46 Mn
Mar 31, 2016 598.46 Mn
Dec 31, 2015 1.03 Bn
Dec 31, 2015 1.03 Bn
Sep 30, 2015 786.88 Mn
Sep 30, 2015 786.88 Mn
Jun 30, 2015 731.73 Mn
Jun 30, 2015 731.73 Mn
Mar 31, 2015 430.23 Mn
Mar 31, 2015 430.23 Mn
Dec 31, 2014 699.61 Mn
Dec 31, 2014 699.61 Mn
Sep 30, 2014 700.89 Mn
Sep 30, 2014 700.89 Mn
Jun 30, 2014 451.63 Mn
Jun 30, 2014 451.63 Mn
Mar 31, 2014 713.45 Mn
Mar 31, 2014 713.45 Mn
Dec 31, 2013 577.89 Mn
Dec 31, 2013 577.89 Mn
Sep 30, 2013 901.55 Mn
Sep 30, 2013 901.55 Mn
Jun 30, 2013 379.66 Mn
Jun 30, 2013 379.66 Mn
Mar 31, 2013 585.88 Mn
Mar 31, 2013 585.88 Mn
Dec 31, 2012 781.46 Mn
Dec 31, 2012 781.46 Mn
Sep 30, 2012 600.43 Mn
Sep 30, 2012 600.43 Mn
Jun 30, 2012 713.59 Mn
Jun 30, 2012 713.59 Mn
Mar 31, 2012 420.31 Mn
Mar 31, 2012 420.31 Mn
Dec 31, 2011 -1.26 Bn
Dec 31, 2011 -1.26 Bn
Sep 30, 2011 626.62 Mn
Sep 30, 2011 626.62 Mn
Jun 30, 2011 337.98 Mn
Jun 30, 2011 337.98 Mn
Mar 31, 2011 307.63 Mn
Mar 31, 2011 307.63 Mn
Dec 31, 2010 313.08 Mn
Dec 31, 2010 313.08 Mn
Sep 25, 2010 476.01 Mn
Sep 25, 2010 476.01 Mn
Jun 26, 2010 303.66 Mn
Jun 26, 2010 303.66 Mn
Mar 27, 2010 285.93 Mn
Mar 27, 2010 285.93 Mn
Dec 26, 2009 375.06 Mn
Dec 26, 2009 375.06 Mn
Sep 26, 2009 235.86 Mn
Sep 26, 2009 235.86 Mn
Jun 27, 2009 227.78 Mn
Jun 27, 2009 227.78 Mn
Mar 28, 2009 182.92 Mn
Mar 28, 2009 182.92 Mn