First Solar (FSLR) Total Debt (2009 - 2026)

First Solar (FSLR) reported Total Debt of $425.8 million for Q1 2026, down 18.92% on a YoY basis from $525.1 million in Q1 2025, and down 14.6% quarter-over-quarter from $498.6 million in Q4 2025.

First Solar (FSLR) Total Debt (2009 - 2026) Analysis & Trends

First Solar has reported Total Debt for 18 years, with the latest figure at $425.8 million in Q1 2026.

  • For the quarter ending Q1 2026, Total Debt fell 18.92% year-over-year to $425.8 million; the trailing twelve-month figure through Mar 2026 stood at $425.8 million (down 18.92% YoY), and the FY2025 full-year result was $498.6 million, down 18.24% from the prior year.
  • Total Debt for Q1 2026 stood at $425.8 million, down from $498.6 million in the prior quarter.
  • The five-year high for Total Debt was $619.6 million in Q1 2024, with the low at $3.8 million in Q1 2022.
  • Historically, Total Debt has averaged $392.0 million across 5 years, with a median of $499.4 million in 2023.
  • Annual changes were most pronounced in 2022 — Total Debt fell 23.16% — and 2024, when it soared 9015.82%.
  • First Solar's Total Debt stood at $184.3 million in 2022, then soared by 203.94% to $560.3 million in 2023, then gained by 8.83% to $609.8 million in 2024, then decreased by 18.24% to $498.6 million in 2025, then fell by 14.6% to $425.8 million in 2026.
  • The last three Total Debt figures came in at $425.8 million (Q1 2026), $498.6 million (Q4 2025), and $555.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Total Debt (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 425.78 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 572.51 Mn
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn 443.39 Mn
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 181.75 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 667.21 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn 2.78 Bn
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn -
10 Skycorp Solar 110.38 Mn 103.60 Mn - 2.05 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 437.41 Mn
Mar 31, 2023 6.80 Mn
Dec 31, 2022 184.35 Mn
Sep 30, 2022 12.89 Mn
Jun 30, 2022 7.37 Mn
Mar 31, 2022 3.79 Mn
Dec 31, 2021 239.90 Mn
Sep 30, 2021 1.72 Mn
Jun 30, 2021 2.85 Mn