First Solar (FSLR) Net Cash Flow (2009 - 2026)
First Solar (FSLR) posted Net Cash Flow of -$435.6 million for Q1 2026, down 153.71% on a QoQ basis from $811.0 million in Q4 2025, and up 45.26% year-over-year from -$299.9 million in Q1 2025.
First Solar (FSLR) Net Cash Flow (2009 - 2026) Analysis & Trends
First Solar's Net Cash Flow history runs 18 years deep, the most recent figure standing at -$435.6 million for Q1 2026.
- Quarterly Net Cash Flow rose 45.26% year-over-year to -$435.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.5 billion (up 279.06% YoY) and the FY2025 annual result came in at $1.2 billion, up 465.95% from the prior year.
- Net Cash Flow was -$435.6 million for Q1 2026 at First Solar, down from $811.0 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.
- A 5-year average of $51.4 million and a median of $17.3 million in 2024 frame the typical range for Net Cash Flow.
- Annual changes were most pronounced in 2023 — Net Cash Flow plunged 320.63% — and 2025, when it jumped 1830.01%.
- First Solar's 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 153.71% to -$435.6 million in 2026.
- Business Quant data shows FSLR's Net Cash Flow at -$435.6 million in Q1 2026, $811.0 million in Q4 2025, and $823.3 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | -435.62 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 142.35 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 28.07 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 5.98 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | -147.72 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | -5.44 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -341.77 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -44.54 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 13.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -435.62 Mn |
| Mar 31, 2026 | -435.62 Mn |
| Dec 31, 2025 | 810.99 Mn |
| Dec 31, 2025 | 810.99 Mn |
| Sep 30, 2025 | 823.33 Mn |
| Sep 30, 2025 | 823.33 Mn |
| Jun 30, 2025 | 334.20 Mn |
| Jun 30, 2025 | 334.20 Mn |
| Mar 31, 2025 | -795.81 Mn |
| Mar 31, 2025 | -795.81 Mn |
| Dec 31, 2024 | 620.34 Mn |
| Dec 31, 2024 | 620.34 Mn |
| Sep 30, 2024 | -697.91 Mn |
| Sep 30, 2024 | -697.91 Mn |
| Jun 30, 2024 | 17.32 Mn |
| Jun 30, 2024 | 17.32 Mn |
| Mar 31, 2024 | -260.21 Mn |
| Mar 31, 2024 | -260.21 Mn |
| Dec 31, 2023 | 448.69 Mn |
| Dec 31, 2023 | 448.69 Mn |