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
Download Data| Date | Value |
|---|---|
| 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 |