First Solar (FSLR) Other Working Capital Changes (2014 - 2026)

First Solar (FSLR) reported Other Working Capital Changes of $20.5 million for Q1 2026, down 82.16% on a YoY basis from $114.6 million in Q1 2025, and up 106.01% quarter-over-quarter from -$340.1 million in Q4 2025.

First Solar (FSLR) Other Working Capital Changes (2014 - 2026) Analysis & Trends

First Solar has reported Other Working Capital Changes for 13 years, with the latest figure at $20.5 million in Q1 2026.

  • For the quarter ending Q1 2026, Other Working Capital Changes fell 82.16% year-over-year to $20.5 million; the trailing twelve-month figure through Mar 2026 stood at -$284.1 million (down 840.62% YoY), and the FY2025 full-year result was -$189.9 million, down 1523.47% from the prior year.
  • Other Working Capital Changes for Q1 2026 stood at $20.5 million, up from -$340.1 million in the prior quarter.
  • The five-year high for Other Working Capital Changes was $195.6 million in Q3 2024, with the low at -$340.1 million in Q4 2025.
  • Historically, Other Working Capital Changes has averaged -$2.7 million across 5 years, with a median of $24.3 million in 2022.
  • Annual changes were most pronounced in 2022 — Other Working Capital Changes soared 1856.23% — and 2023, when it slumped 1307.99%.
  • First Solar's Other Working Capital Changes stood at $37.9 million in 2022, then sank by 370.53% to -$102.4 million in 2023, then tumbled by 65.74% to -$169.8 million in 2024, then plunged by 100.3% to -$340.1 million in 2025, then soared by 106.01% to $20.5 million in 2026.
  • The last three Other Working Capital Changes figures came in at $20.5 million (Q1 2026), -$340.1 million (Q4 2025), and $143.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn
10 Skycorp Solar 110.38 Mn 103.60 Mn -

Historic Data

Download Data
DateValue
Mar 31, 2026 20.45 Mn
Mar 31, 2026 20.45 Mn
Dec 31, 2025 -340.08 Mn
Dec 31, 2025 -340.08 Mn
Sep 30, 2025 142.99 Mn
Sep 30, 2025 142.99 Mn
Jun 30, 2025 -107.46 Mn
Jun 30, 2025 -107.46 Mn
Mar 31, 2025 114.63 Mn
Mar 31, 2025 114.63 Mn
Dec 31, 2024 -169.79 Mn
Dec 31, 2024 -169.79 Mn
Sep 30, 2024 195.63 Mn
Sep 30, 2024 195.63 Mn
Jun 30, 2024 -102.11 Mn
Jun 30, 2024 -102.11 Mn
Mar 31, 2024 89.61 Mn
Mar 31, 2024 89.61 Mn
Dec 31, 2023 -102.44 Mn
Dec 31, 2023 -102.44 Mn