First Solar FSLR
NASDAQ FSLR
$207.17 +4.07 (+2.00%)
As of: Sep 10, 2026 · 3:59 PM EDT

First Solar (FSLR) Net Cash Flow (2009 - 2026)

First Solar's (FSLR) quarterly Net Cash Flow came in at -$679.7 million in Q2 2026, down 303.38% on a YoY basis from $334.2 million in Q2 2025, and down 56.03% quarter-over-quarter from -$435.6 million in Q1 2026.

Analysis

First Solar (FSLR) Net Cash Flow (2009 - 2026) Analysis & Trends

First Solar (FSLR) has reported Net Cash Flow for 18 consecutive years, with -$679.7 million the latest figure, recorded in Q2 2026.

  • For the quarter ending Q2 2026, Net Cash Flow fell 303.38% year-over-year to -$679.7 million; the trailing twelve-month figure through Jun 2026 stood at $519.0 million (up 196.26% YoY), and the FY2025 full-year result was $1.2 billion, up 465.95% from the prior year.
  • Net Cash Flow slipped to -$679.7 million in Q2 2026 per FSLR's latest filing, from -$435.6 million in the prior quarter.
  • Across five years, Net Cash Flow topped out at $823.3 million in Q3 2025 and bottomed at -$795.8 million in Q1 2025.
  • Historically, Net Cash Flow has averaged $10.7 million across 5 years, with a median of -$30.9 million in 2023.
  • The sharpest annual moves came in 2023 and 2025: Net Cash Flow slumped 320.63% in 2023, then surged 1830.01% in 2025.
  • Over 5 years, Net Cash Flow stood at $325.1 million in 2022, then jumped by 38.02% to $448.7 million in 2023, then soared by 38.26% to $620.3 million in 2024, then jumped by 30.73% to $811.0 million in 2025, then plunged by 183.81% to -$679.7 million in 2026.
  • According to Business Quant data, Net Cash Flow over the past three periods registered -$679.7 million, -$435.6 million, and $811.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 First Solar 22.26 Bn 20.53 Bn 605.00 Mn -679.69 Mn
2 Nextpower 12.25 Bn 11.04 Bn 335.85 Mn 118.92 Mn
3 Enphase Energy 4.86 Bn 3.93 Bn 175.01 Mn 32.42 Mn
4 Solaredge Technologies 2.25 Bn 1.67 Bn 95.15 Mn 22.12 Mn
5 T1 Energy 1.29 Bn 1.08 Bn 49.10 Mn 32.89 Mn
6 Shoals Technologies 1.19 Bn 1.18 Bn 49.53 Mn 13.85 Mn
7 Canadian Solar 877.81 Mn -588.69 Mn 168.48 Mn 12.39 Mn
8 Array Technologies 700.09 Mn 392.79 Mn 99.60 Mn 104.13 Mn
9 JinkoSolar Holding 608.82 Mn -2.07 Bn 75.62 Mn -
10 Toyo 131.54 Mn 21.49 Mn 36.97 Mn 51.81 Mn
Historic Data

Historic Data

Download Data
DateValue
Jun 30, 2026 -679.69 Mn
Mar 31, 2026 -435.62 Mn
Dec 31, 2025 810.99 Mn
Sep 30, 2025 823.33 Mn
Jun 30, 2025 334.20 Mn
Mar 31, 2025 -795.81 Mn
Dec 31, 2024 620.34 Mn
Sep 30, 2024 -697.91 Mn
Jun 30, 2024 17.32 Mn
Mar 31, 2024 -260.21 Mn
Dec 31, 2023 448.69 Mn
Sep 30, 2023 668.96 Mn
Jun 30, 2023 -79.18 Mn
Mar 31, 2023 -572.14 Mn
Dec 31, 2022 325.09 Mn
Sep 30, 2022 -547.99 Mn
Jun 30, 2022 349.10 Mn
Mar 31, 2022 -136.02 Mn
Dec 31, 2021 68.48 Mn
Sep 30, 2021 -248.18 Mn