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