First Solar (FSLR) Retained Earnings (2009 - 2026)
First Solar (FSLR) reported Retained Earnings of -$168.2 million for Q1 2026, up 1.68% on a YoY basis from -$165.4 million in Q1 2025, and down 102.48% quarter-over-quarter from $6.8 billion in Q4 2025.
First Solar (FSLR) Retained Earnings (2009 - 2026) Analysis & Trends
First Solar has reported Retained Earnings for 18 years, with the latest figure at -$168.2 million in Q1 2026.
- For the quarter ending Q1 2026, Retained Earnings rose 1.68% year-over-year to -$168.2 million; the trailing twelve-month figure through Mar 2026 stood at -$168.2 million (up 1.68% YoY), and the FY2025 full-year result was $6.8 billion, up 3789.78% from the prior year.
- Retained Earnings for Q1 2026 stood at -$168.2 million, down from $6.8 billion in the prior quarter.
- The five-year high for Retained Earnings was $6.8 billion in Q4 2025, with the low at -$184.1 million in Q4 2024.
- Historically, Retained Earnings has averaged $1.5 billion across 5 years, with a median of -$160.9 million in 2025.
- Annual changes were most pronounced in 2023 — Retained Earnings tumbled 105.55% — and 2025, when it soared 3789.78%.
- First Solar's Retained Earnings stood at $3.1 billion in 2022, then plunged by 105.55% to -$174.1 million in 2023, then dropped by 5.7% to -$184.1 million in 2024, then soared by 3789.78% to $6.8 billion in 2025, then plunged by 102.48% to -$168.2 million in 2026.
- The last three Retained Earnings figures came in at -$168.2 million (Q1 2026), $6.8 billion (Q4 2025), and -$154.9 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | -168.20 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 183,000.00 |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -211.30 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | 4.94 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -3.66 Bn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 131.86 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | -420.86 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 | -142.16 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - | 11.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -168.20 Mn |
| Dec 31, 2025 | 6.79 Bn |
| Sep 30, 2025 | -154.88 Mn |
| Jun 30, 2025 | -160.92 Mn |
| Mar 31, 2025 | -171.07 Mn |
| Dec 31, 2024 | -184.06 Mn |
| Sep 30, 2024 | -168.86 Mn |
| Jun 30, 2024 | 4.56 Bn |
| Mar 31, 2024 | -183.61 Mn |
| Dec 31, 2023 | -174.13 Mn |
| Sep 30, 2023 | 3.62 Bn |
| Jun 30, 2023 | 3.35 Bn |
| Dec 31, 2022 | 3.14 Bn |
| Dec 31, 2021 | 3.18 Bn |
| Dec 31, 2020 | 2.72 Bn |
| Dec 31, 2019 | 2.33 Bn |
| Dec 31, 2018 | 2.44 Bn |
| Sep 30, 2018 | -35.17 Mn |
| Jun 30, 2018 | 2.33 Bn |
| Mar 31, 2018 | -18.58 Mn |