First Solar (FSLR) Total Debt (2009 - 2026)
First Solar (FSLR) posted Total Debt of $425.8 million for Q1 2026, down 14.6% on a QoQ basis from $498.6 million in Q4 2025, and down 18.92% year-over-year from $525.1 million in Q1 2025.
First Solar (FSLR) Total Debt (2009 - 2026) Analysis & Trends
First Solar's Total Debt history runs 16 years deep, the most recent figure standing at $425.8 million for Q1 2026.
- Quarterly Total Debt fell 18.92% year-over-year to $425.8 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $425.8 million (down 18.92% YoY) and the FY2025 annual result came in at $498.6 million, down 18.24% from the prior year.
- Total Debt was $425.8 million for Q1 2026 at First Solar, down from $498.6 million in the prior quarter.
- Across five years, Total Debt topped out at $619.6 million in Q1 2024 and bottomed at $7.5 million in Q2 2023.
- A 5-year average of $477.2 million and a median of $555.0 million in 2025 frame the typical range for Total Debt.
- Annual changes were most pronounced in 2024 — Total Debt jumped 7352.0% — and 2026, when it fell 18.92%.
- First Solar's Total Debt stood at $184.3 million in 2022, then surged by 203.94% to $560.3 million in 2023, then climbed by 8.83% to $609.8 million in 2024, then dropped by 18.24% to $498.6 million in 2025, then decreased by 14.6% to $425.8 million in 2026.
- Business Quant data shows FSLR's Total Debt at $425.8 million in Q1 2026, $498.6 million in Q4 2025, and $555.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Total Debt (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | 425.78 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | - |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | 572.51 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | 2.75 Bn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | - |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 443.39 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 181.75 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | 8.40 Bn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | 667.21 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 1.36 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 425.78 Mn |
| Dec 31, 2025 | 498.57 Mn |
| Sep 30, 2025 | 554.96 Mn |
| Jun 30, 2025 | 577.87 Mn |
| Mar 31, 2025 | 525.14 Mn |
| Dec 31, 2024 | 609.78 Mn |
| Sep 30, 2024 | 581.58 Mn |
| Jun 30, 2024 | 558.90 Mn |
| Mar 31, 2024 | 619.60 Mn |
| Dec 31, 2023 | 560.31 Mn |
| Sep 30, 2023 | 499.45 Mn |
| Jun 30, 2023 | 7.50 Mn |
| Dec 31, 2022 | 184.35 Mn |
| Dec 31, 2019 | 471.70 Mn |
| Dec 31, 2018 | 466.79 Mn |
| Sep 30, 2018 | 466.10 Mn |
| Jun 30, 2018 | 476.56 Mn |
| Mar 31, 2018 | 455.92 Mn |
| Dec 31, 2017 | 393.54 Mn |
| Sep 30, 2017 | 343.66 Mn |