First Solar (FSLR) Retained Earnings (2009 - 2026)
First Solar (FSLR) posted Retained Earnings of -$168.2 million for Q1 2026, down 102.48% on a QoQ basis from $6.8 billion in Q4 2025, and down 103.07% year-over-year from $5.5 billion in Q1 2025.
First Solar (FSLR) Retained Earnings (2009 - 2026) Analysis & Trends
First Solar's Retained Earnings history runs 16 years deep, the most recent figure standing at -$168.2 million for Q1 2026.
- Quarterly Retained Earnings fell 103.07% year-over-year to -$168.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$168.2 million (down 103.07% YoY) and the FY2025 annual result came in at $6.8 billion, up 29.04% from the prior year.
- Retained Earnings was -$168.2 million for Q1 2026 at First Solar, down from $6.8 billion in the prior quarter.
- Across five years, Retained Earnings topped out at $6.8 billion in Q4 2025 and bottomed at -$199.0 million in Q3 2023.
- A 5-year average of $2.0 billion and a median of -$157.9 million in 2025 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2023 — Retained Earnings surged 2170.24% — and 2026, when it sank 103.07%.
- First Solar's Retained Earnings stood at -$191.8 million in 2022, then jumped by 2170.24% to $4.0 billion in 2023, then surged by 32.54% to $5.3 billion in 2024, then gained by 29.04% to $6.8 billion in 2025, then slumped by 102.48% to -$168.2 million in 2026.
- Business Quant data shows FSLR's Retained Earnings at -$168.2 million in Q1 2026, $6.8 billion in Q4 2025, and -$154.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | -168.20 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | -1.97 Bn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -5.82 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -1.49 Bn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 64.41 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 131.86 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -78.13 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -8.16 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 118.39 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 | 5.47 Bn |
| Dec 31, 2024 | 5.26 Bn |
| Sep 30, 2024 | -168.86 Mn |
| Jun 30, 2024 | -188.32 Mn |
| Mar 31, 2024 | 4.21 Bn |
| Dec 31, 2023 | 3.97 Bn |
| Sep 30, 2023 | -198.97 Mn |
| Dec 31, 2022 | -191.82 Mn |
| Dec 31, 2019 | 2.33 Bn |
| Dec 31, 2018 | -54.47 Mn |
| Sep 30, 2018 | 2.39 Bn |
| Jun 30, 2018 | -30.24 Mn |
| Mar 31, 2018 | -18.58 Mn |
| Dec 31, 2017 | 2.26 Mn |
| Sep 30, 2017 | 2.73 Bn |
| Jun 30, 2017 | 2.52 Bn |