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
DateValue
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