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First Solar, Inc. income statement

In fiscal 2025, First Solar, Inc. reported revenue of $5.22bn, up 24.1% on the year before, operating income of $1.60bn (a 30.6% margin) and net income of $1.53bn, or $14.21 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Revenue2,0662,5642,7663,3693,3103,3914,1132,9052,9412,2443,0632,7112,9232,6193,3194,2065,2195,014
Cost of revenue———————2,2662,3921,8522,5142,0312,1932,5492,0182,3483,0992,545
Gross profit1,0451,1859728538658251,133638549392549681730701,3011,8582,1202,470
Research and development78951411321341441311258984979499113152191233276
Selling, general and administrative273322413281270254255262203177205223170165198188204233
Operating income680749−69−38370422730−56817840−162317587−278571,3941,5971,890
Interest expense500142272126262724131213394427
Income before tax686762−54−40381432733−537202113−12029357298911,4061,5811,931
Income tax4698−1457303132233723−5−10710353611145370
Net income640664−39−96351396593−416−166144−115398469−448311,2921,5281,861
Diluted EPS$7.53$7.68−$0.46−$1.11$3.67$3.90$5.83−$4.05−$1.59$1.36−$1.09$3.73$4.38−$0.41$7.74$12.02$14.21$17.28
Diluted shares (average)85m86m86m87m95m102m102m103m104m106m105m107m107m107m107m108m108m108m
EBITDA809905167228609639955−364270171445508472421,1651,8182,1262,482

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from First Solar, Inc.'s SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to First Solar, Inc.