Growth Metrics

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 🔒
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
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