Growth Metrics

First Solar (FSLR) Operating Expenses (2009 - 2026)

First Solar posted quarterly Operating Expenses of $140.8 million for Q1 2026, up 14.35% year-on-year from $123.2 million in Q1 2025, and up 19.93% on a QoQ basis from $117.4 million in Q4 2025.

First Solar (FSLR) has 18 years of Operating Expenses data on file, last reported at $140.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Expenses rose 14.35% year-over-year to $140.8 million; the trailing twelve-month figure through Mar 2026 stood at $541.1 million (up 11.87% YoY), and the FY2025 full-year result was $523.5 million, up 12.68% from the prior year.
  • Operating Expenses for Q1 2026 stood at $140.8 million, up from $117.4 million in the prior quarter.
  • Across five years, Operating Expenses topped out at $144.6 million in Q3 2025 and bottomed at $71.2 million in Q1 2022.
  • The 5-year median for Operating Expenses is $110.9 million (2024), against an average of $113.5 million.
  • The widest annual swing landed in 2022, when Operating Expenses fell 14.57%; it then soared 83.62% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $106.8 million in 2022, then gained by 3.79% to $110.8 million in 2023, then climbed by 0.08% to $110.9 million in 2024, then advanced by 5.89% to $117.4 million in 2025, then gained by 19.93% to $140.8 million in 2026.
  • The last three Operating Expenses figures came in at $140.8 million (Q1 2026), $117.4 million (Q4 2025), and $144.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 First Solar 26.65 Bn 24.22 Bn 486.13 Mn 140.83 Mn
2 Nextpower 17.99 Bn 16.90 Bn 297.38 Mn 143.79 Mn
3 Canadian Solar 15.11 Bn 15.69 Bn 124.40 Mn 188.46 Mn
4 Enphase Energy 8.19 Bn 7.26 Bn 100.39 Mn 130.04 Mn
5 Solaredge Technologies 3.80 Bn 3.25 Bn 68.28 Mn 123.32 Mn
6 Sunrun 3.38 Bn 4.27 Bn 543.70 Mn 765.74 Mn
7 Shoals Technologies 1.60 Bn 1.60 Bn 41.01 Mn 33.29 Mn
8 Array Technologies 1.25 Bn 1.05 Bn 63.00 Mn 55.90 Mn
9 JinkoSolar Holding 677.44 Mn 2.29 Bn 147.66 Mn -232.93 Mn
10 Tigo Energy 288.14 Mn 276.56 Mn 10.79 Mn 13.20 Mn

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 140.83 Mn
Dec 31, 2025 117.42 Mn
Sep 30, 2025 144.65 Mn
Jun 30, 2025 138.24 Mn
Mar 31, 2025 123.16 Mn
Dec 31, 2024 110.89 Mn
Sep 30, 2024 123.31 Mn
Jun 30, 2024 126.38 Mn
Mar 31, 2024 103.98 Mn
Dec 31, 2023 110.80 Mn
Sep 30, 2023 103.42 Mn
Jun 30, 2023 142.04 Mn
Mar 31, 2023 94.03 Mn
Dec 31, 2022 106.76 Mn
Sep 30, 2022 95.32 Mn
Jun 30, 2022 77.35 Mn
Mar 31, 2022 71.17 Mn
Dec 31, 2021 73.33 Mn
Sep 30, 2021 71.85 Mn
Jun 30, 2021 62.00 Mn
Mar 31, 2021 83.31 Mn
Dec 31, 2020 102.09 Mn
Sep 30, 2020 85.85 Mn
Jun 30, 2020 86.56 Mn
Mar 31, 2020 88.68 Mn
Dec 31, 2019 451.42 Mn
Sep 30, 2019 97.06 Mn
Jun 30, 2019 85.77 Mn
Mar 31, 2019 76.75 Mn
Dec 31, 2018 87.30 Mn
Sep 30, 2018 70.65 Mn
Jun 30, 2018 95.58 Mn
Mar 31, 2018 98.53 Mn
Dec 31, 2017 97.14 Mn
Sep 30, 2017 84.81 Mn
Jun 30, 2017 96.97 Mn
Mar 31, 2017 92.18 Mn
Dec 31, 2016 829.00 Mn
Sep 30, 2016 97.58 Mn
Jun 30, 2016 182.29 Mn
Mar 31, 2016 97.69 Mn
Dec 31, 2015 99.62 Mn
Sep 30, 2015 86.54 Mn
Jun 30, 2015 107.35 Mn
Mar 31, 2015 109.09 Mn
Dec 31, 2014 109.16 Mn
Sep 30, 2014 105.53 Mn
Jun 30, 2014 90.82 Mn
Mar 31, 2014 97.44 Mn
Dec 31, 2013 128.97 Mn
Sep 30, 2013 156.13 Mn
Jun 30, 2013 101.00 Mn
Mar 31, 2013 108.12 Mn
Dec 31, 2012 121.53 Mn
Sep 30, 2012 131.67 Mn
Jun 30, 2012 104.08 Mn
Mar 31, 2012 533.03 Mn
Dec 31, 2011 -416.57 Mn
Sep 30, 2011 156.42 Mn
Jun 30, 2011 130.27 Mn
Mar 31, 2011 130.28 Mn
Dec 31, 2010 131.07 Mn
Sep 25, 2010 110.25 Mn
Jun 26, 2010 103.72 Mn
Mar 27, 2010 90.90 Mn
Dec 26, 2009 121.48 Mn
Sep 26, 2009 82.20 Mn
Jun 27, 2009 94.06 Mn
Mar 28, 2009 67.23 Mn