First Solar (FSLR) Net Cash Flow (2009 - 2026)
First Solar posted quarterly Net Cash Flow of -$435.6 million for Q1 2026, up 45.26% year-on-year from -$299.9 million in Q1 2025, and down 153.71% on a QoQ basis from $811.0 million in Q4 2025.
First Solar (FSLR) has 18 years of Net Cash Flow data on file, last reported 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.
- Across five years, Net Cash Flow topped out at $823.3 million in Q3 2025 and bottomed at -$795.8 million in Q1 2025.
- The 5-year median for Net Cash Flow is $17.3 million (2024), against an average of $51.4 million.
- The widest annual swing landed in 2023, when Net Cash Flow tumbled 320.63%; it then jumped 1830.01% in 2025.
- A 5-year view of Net Cash Flow shows it stood at $325.1 million in 2022, then soared by 38.02% to $448.7 million in 2023, then surged by 38.26% to $620.3 million in 2024, then soared by 30.73% to $811.0 million in 2025, then sank 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 | 26.65 Bn | 24.22 Bn | 486.13 Mn | -435.62 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 142.35 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | -341.77 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 28.07 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 5.98 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | -147.72 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | -5.44 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | -44.54 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | - |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 3.90 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 |
| Sep 30, 2023 | 668.96 Mn |
| Sep 30, 2023 | 668.96 Mn |
| Jun 30, 2023 | -79.18 Mn |
| Jun 30, 2023 | -79.18 Mn |
| Mar 31, 2023 | -572.14 Mn |
| Mar 31, 2023 | -572.14 Mn |
| Dec 31, 2022 | 325.09 Mn |
| Dec 31, 2022 | 325.09 Mn |
| Sep 30, 2022 | -547.99 Mn |
| Sep 30, 2022 | -547.99 Mn |
| Jun 30, 2022 | 349.10 Mn |
| Jun 30, 2022 | 349.10 Mn |
| Mar 31, 2022 | -136.02 Mn |
| Mar 31, 2022 | -136.02 Mn |
| Dec 31, 2021 | 68.48 Mn |
| Dec 31, 2021 | 68.48 Mn |
| Sep 30, 2021 | -248.18 Mn |
| Sep 30, 2021 | -248.18 Mn |
| Jun 30, 2021 | 397.86 Mn |
| Jun 30, 2021 | 397.86 Mn |
| Mar 31, 2021 | -39.09 Mn |
| Mar 31, 2021 | -39.09 Mn |
| Dec 31, 2020 | -45.62 Mn |
| Dec 31, 2020 | -45.62 Mn |
| Sep 30, 2020 | 167.41 Mn |
| Sep 30, 2020 | 167.41 Mn |
| Jun 30, 2020 | 123.38 Mn |
| Jun 30, 2020 | 123.38 Mn |
| Mar 31, 2020 | -421.86 Mn |
| Mar 31, 2020 | -421.86 Mn |
| Dec 31, 2019 | 467.23 Mn |
| Dec 31, 2019 | 467.23 Mn |
| Sep 30, 2019 | -353.35 Mn |
| Sep 30, 2019 | -353.35 Mn |
| Jun 30, 2019 | 128.34 Mn |
| Jun 30, 2019 | 128.34 Mn |
| Mar 31, 2019 | -355.37 Mn |
| Mar 31, 2019 | -355.37 Mn |
| Dec 31, 2018 | 39.56 Mn |
| Dec 31, 2018 | 39.56 Mn |
| Sep 30, 2018 | -574.88 Mn |
| Sep 30, 2018 | -574.88 Mn |
| Jun 30, 2018 | 158.85 Mn |
| Jun 30, 2018 | 158.85 Mn |
| Mar 31, 2018 | -377.82 Mn |
| Mar 31, 2018 | -377.82 Mn |
| Dec 31, 2017 | 251.55 Mn |
| Dec 31, 2017 | 251.55 Mn |
| Sep 30, 2017 | 518.55 Mn |
| Sep 30, 2017 | 518.55 Mn |
| Jun 30, 2017 | -166.30 Mn |
| Jun 30, 2017 | -166.30 Mn |
| Mar 31, 2017 | 302.12 Mn |
| Mar 31, 2017 | 302.12 Mn |
| Dec 31, 2016 | -21.94 Mn |
| Dec 31, 2016 | -21.94 Mn |
| Sep 30, 2016 | 487.21 Mn |
| Sep 30, 2016 | 487.21 Mn |
| Jun 30, 2016 | -171.58 Mn |
| Jun 30, 2016 | -171.58 Mn |
| Mar 31, 2016 | -78.81 Mn |
| Mar 31, 2016 | -78.81 Mn |
| Dec 31, 2015 | -106.25 Mn |
| Dec 31, 2015 | -106.25 Mn |
| Sep 30, 2015 | 120.30 Mn |
| Sep 30, 2015 | 120.30 Mn |
| Jun 30, 2015 | 293.77 Mn |
| Jun 30, 2015 | 293.77 Mn |
| Mar 31, 2015 | -687.99 Mn |
| Mar 31, 2015 | -687.99 Mn |
| Dec 31, 2014 | 993.01 Mn |
| Dec 31, 2014 | 993.01 Mn |
| Sep 30, 2014 | -215.92 Mn |
| Sep 30, 2014 | -215.92 Mn |
| Jun 30, 2014 | -123.86 Mn |
| Jun 30, 2014 | -123.86 Mn |
| Mar 31, 2014 | -352.44 Mn |
| Mar 31, 2014 | -352.44 Mn |
| Dec 31, 2013 | 131.13 Mn |
| Dec 31, 2013 | 131.13 Mn |
| Sep 30, 2013 | 260.63 Mn |
| Sep 30, 2013 | 260.63 Mn |
| Jun 30, 2013 | 82.22 Mn |
| Jun 30, 2013 | 82.22 Mn |
| Mar 31, 2013 | -53.79 Mn |
| Mar 31, 2013 | -53.79 Mn |
| Dec 31, 2012 | 283.27 Mn |
| Dec 31, 2012 | 283.27 Mn |
| Sep 30, 2012 | -19.03 Mn |
| Sep 30, 2012 | -19.03 Mn |
| Jun 30, 2012 | 27.80 Mn |
| Jun 30, 2012 | 27.80 Mn |
| Mar 31, 2012 | -2.68 Mn |
| Mar 31, 2012 | -2.68 Mn |
| Dec 31, 2011 | -50.64 Mn |
| Dec 31, 2011 | -50.64 Mn |
| Sep 30, 2011 | 330.63 Mn |
| Sep 30, 2011 | 330.63 Mn |
| Jun 30, 2011 | -186,000.00 |
| Jun 30, 2011 | -186,000.00 |
| Mar 31, 2011 | -418.50 Mn |
| Mar 31, 2011 | -418.50 Mn |
| Dec 31, 2010 | 147.78 Mn |
| Dec 31, 2010 | 147.78 Mn |
| Sep 25, 2010 | 92.53 Mn |
| Sep 25, 2010 | 92.53 Mn |
| Jun 26, 2010 | 102.68 Mn |
| Jun 26, 2010 | 102.68 Mn |
| Mar 27, 2010 | -229.13 Mn |
| Mar 27, 2010 | -229.13 Mn |
| Dec 26, 2009 | 299.18 Mn |
| Dec 26, 2009 | 299.18 Mn |
| Sep 26, 2009 | -66.92 Mn |
| Sep 26, 2009 | -66.92 Mn |
| Jun 27, 2009 | -210.00 Mn |
| Jun 27, 2009 | -210.00 Mn |
| Mar 28, 2009 | -70.78 Mn |
| Mar 28, 2009 | -70.78 Mn |