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| Date | Value |
|---|---|
| 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 |