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

First Solar (FSLR) reported Net Cash Flow of -$435.6 million for Q1 2026, up 45.26% on a YoY basis from -$299.9 million in Q1 2025, and down 153.71% quarter-over-quarter from $811.0 million in Q4 2025.

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

First Solar has reported Net Cash Flow for 18 years, with the latest figure at -$435.6 million in Q1 2026.

  • For the quarter ending Q1 2026, Net Cash Flow rose 45.26% year-over-year to -$435.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.5 billion (up 279.06% YoY), and the FY2025 full-year result was $1.2 billion, up 465.95% from the prior year.
  • Net Cash Flow for Q1 2026 stood at -$435.6 million, down from $811.0 million in the prior quarter.
  • The five-year high for Net Cash Flow was $823.3 million in Q3 2025, with the low at -$795.8 million in Q1 2025.
  • Historically, Net Cash Flow has averaged $51.4 million across 5 years, with a median of $17.3 million in 2024.
  • Annual changes were most pronounced in 2023 — Net Cash Flow sank 320.63% — and 2025, when it jumped 1830.01%.
  • First Solar's Net Cash Flow stood at $325.1 million in 2022, then surged by 38.02% to $448.7 million in 2023, then jumped by 38.26% to $620.3 million in 2024, then surged by 30.73% to $811.0 million in 2025, then slumped by 153.71% to -$435.6 million in 2026.
  • The last three Net Cash Flow figures came in at -$435.6 million (Q1 2026), $811.0 million (Q4 2025), and $823.3 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Cash Flow (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn -435.62 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn 142.35 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 28.07 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn 5.98 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -147.72 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn -5.44 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn -44.54 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 3.90 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn - -

Historic Data

Download Data
DateValue
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