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% YoY from $334.2 million in Q2 2025, and down 56.03% on a QoQ basis from -$435.6 million in Q1 2026.
First Solar (FSLR) Net Cash Flow (2009 - 2026) Analysis & Trends
First Solar (FSLR) has 18 years of Net Cash Flow data on file, last reported at -$679.7 million in Q2 2026.
- Quarterly Net Cash Flow fell 303.38% year-over-year to -$679.7 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $519.0 million (up 196.26% YoY) and the FY2025 annual result came in at $1.2 billion, up 465.95% from the prior year.
- Net Cash Flow declined to -$679.7 million in Q2 2026, from -$435.6 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $823.3 million in Q3 2025 to a low of -$795.8 million in Q1 2025.
- A 5-year average of $10.7 million and a median of -$30.9 million in 2023 frame the typical range for Net Cash Flow.
- Annual changes were most pronounced in 2023 — Net Cash Flow sank 320.63% — and 2025, when it jumped 1830.01%.
- Tracing FSLR's Net Cash Flow over 5 years: 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 183.81% to -$679.7 million in 2026.
- The last three Net Cash Flow figures came in at -$679.7 million (Q2 2026), -$435.6 million (Q1 2026), and $811.0 million (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn | -679.69 Mn |
| 2 | Nextpower | 13.03 Bn | 11.82 Bn | 335.85 Mn | 118.92 Mn |
| 3 | Enphase Energy | 5.10 Bn | 4.16 Bn | 175.01 Mn | 32.42 Mn |
| 4 | Sunrun | 2.19 Bn | 2.19 Bn | 527.54 Mn | 47.11 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 22.12 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 13.85 Mn |
| 7 | Canadian Solar | 985.60 Mn | -602.69 Mn | 124.40 Mn | -341.77 Mn |
| 8 | JinkoSolar Holding | 833.21 Mn | -2.48 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 104.13 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 13.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | -679.69 Mn |
| Jun 30, 2026 | -679.69 Mn |
| 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 |