First Solar (FSLR) Operating Expenses (2009 - 2026)
First Solar (FSLR) posted Operating Expenses of $140.8 million for Q1 2026, up 19.93% on a QoQ basis from $117.4 million in Q4 2025, and up 14.35% year-over-year from $123.2 million in Q1 2025.
First Solar (FSLR) Operating Expenses (2009 - 2026) Analysis & Trends
First Solar's Operating Expenses history runs 18 years deep, the most recent figure standing at $140.8 million for Q1 2026.
- Quarterly Operating Expenses rose 14.35% year-over-year to $140.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $541.1 million (up 11.87% YoY) and the FY2025 annual result came in at $523.5 million, up 12.68% from the prior year.
- Operating Expenses was $140.8 million for Q1 2026 at First Solar, 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.
- A 5-year average of $113.5 million and a median of $110.9 million in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses slipped 14.57% — and 2023, when it soared 83.62%.
- First Solar's Operating Expenses stood at $106.8 million in 2022, then advanced by 3.79% to $110.8 million in 2023, then grew by 0.08% to $110.9 million in 2024, then climbed by 5.89% to $117.4 million in 2025, then advanced by 19.93% to $140.8 million in 2026.
- Business Quant data shows FSLR's Operating Expenses at $140.8 million in Q1 2026, $117.4 million in Q4 2025, and $144.6 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 130.04 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | -232.93 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 188.46 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 55.90 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | -11.49 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 |