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
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