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% on a YoY basis from $334.2 million in Q2 2025, and down 56.03% quarter-over-quarter from -$435.6 million in Q1 2026.
Analysis
First Solar (FSLR) Net Cash Flow (2009 - 2026) Analysis & Trends
First Solar (FSLR) has reported Net Cash Flow for 18 consecutive years, with -$679.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Net Cash Flow fell 303.38% year-over-year to -$679.7 million; the trailing twelve-month figure through Jun 2026 stood at $519.0 million (up 196.26% YoY), and the FY2025 full-year result was $1.2 billion, up 465.95% from the prior year.
- Net Cash Flow slipped to -$679.7 million in Q2 2026 per FSLR's latest filing, from -$435.6 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.
- Historically, Net Cash Flow has averaged $10.7 million across 5 years, with a median of -$30.9 million in 2023.
- The sharpest annual moves came in 2023 and 2025: Net Cash Flow slumped 320.63% in 2023, then surged 1830.01% in 2025.
- Over 5 years, 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 183.81% to -$679.7 million in 2026.
- According to Business Quant data, Net Cash Flow over the past three periods registered -$679.7 million, -$435.6 million, and $811.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.26 Bn | 20.53 Bn | 605.00 Mn | -679.69 Mn |
| 2 | Nextpower | 12.25 Bn | 11.04 Bn | 335.85 Mn | 118.92 Mn |
| 3 | Enphase Energy | 4.86 Bn | 3.93 Bn | 175.01 Mn | 32.42 Mn |
| 4 | Solaredge Technologies | 2.25 Bn | 1.67 Bn | 95.15 Mn | 22.12 Mn |
| 5 | T1 Energy | 1.29 Bn | 1.08 Bn | 49.10 Mn | 32.89 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.18 Bn | 49.53 Mn | 13.85 Mn |
| 7 | Canadian Solar | 877.81 Mn | -588.69 Mn | 168.48 Mn | 12.39 Mn |
| 8 | Array Technologies | 700.09 Mn | 392.79 Mn | 99.60 Mn | 104.13 Mn |
| 9 | JinkoSolar Holding | 608.82 Mn | -2.07 Bn | 75.62 Mn | - |
| 10 | Toyo | 131.54 Mn | 21.49 Mn | 36.97 Mn | 51.81 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -679.69 Mn |
| Mar 31, 2026 | -435.62 Mn |
| Dec 31, 2025 | 810.99 Mn |
| Sep 30, 2025 | 823.33 Mn |
| Jun 30, 2025 | 334.20 Mn |
| Mar 31, 2025 | -795.81 Mn |
| Dec 31, 2024 | 620.34 Mn |
| Sep 30, 2024 | -697.91 Mn |
| Jun 30, 2024 | 17.32 Mn |
| Mar 31, 2024 | -260.21 Mn |
| Dec 31, 2023 | 448.69 Mn |
| Sep 30, 2023 | 668.96 Mn |
| Jun 30, 2023 | -79.18 Mn |
| Mar 31, 2023 | -572.14 Mn |
| Dec 31, 2022 | 325.09 Mn |
| Sep 30, 2022 | -547.99 Mn |
| Jun 30, 2022 | 349.10 Mn |
| Mar 31, 2022 | -136.02 Mn |
| Dec 31, 2021 | 68.48 Mn |
| Sep 30, 2021 | -248.18 Mn |