First Solar annual free cash flow
2007
2008
2009
2010
2011
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2020
2021
2022
2023
2024
2025
First Solar Free Cash Flow (FCF) History (FSLR)
First Solar reported $1.19B in free cash flow for fiscal 2025, an increase of $1.50B from the previous fiscal year, with a free cash flow margin of 22.75%.
View full First Solar company overviewFirst Solar free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | $1.19B | $1.50B | — | +22.75% |
| 2024 | 2024-12-31 | −$308.1M | $476.4M | — | −7.32% |
| 2023 | 2023-12-31 | −$784.5M | −$754.3M | — | −23.64% |
| 2022 | 2022-12-31 | −$30.2M | $272.5M | — | −1.15% |
| 2021 | 2021-12-31 | −$302.7M | $76.8M | — | −10.36% |
| 2020 | 2020-12-31 | −$379.5M | $115.0M | — | −14.00% |
| 2019 | 2019-12-31 | −$494.5M | $572.1M | — | −16.14% |
| 2018 | 2018-12-31 | −$1.07B | −$1.89B | — | −47.53% |
| 2017 | 2017-12-31 | $826.3M | $849.0M | — | +28.09% |
| 2016 | 2016-12-31 | −$22.7M | $468.9M | — | −0.78% |
| 2015 | 2015-12-31 | −$491.6M | −$969.6M | — | −11.95% |
| 2014 | 2014-12-31 | $478.0M | −$95.6M | −16.67% | +14.09% |
| 2013 | 2013-12-31 | $573.5M | $190.6M | +49.76% | +17.33% |
| 2012 | 2012-12-31 | $383.0M | $1.15B | — | +11.37% |
| 2011 | 2011-12-31 | −$765.3M | −$881.9M | — | −27.67% |
| 2010 | 2010-12-31 | $116.6M | −$278.7M | −70.51% | +4.55% |
| 2009 | 2009-12-26 | $395.3M | $391.5M | +10312.33% | +19.13% |
| 2008 | 2008-12-27 | $3.8M | $40.2M | — | +0.30% |
| 2007 | 2007-12-29 | −$36.4M | — | — | — |
First Solar quarterly free cash flow
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Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$306.2M | −$167.7M | — | −28.99% |
| Q1 2026 | 2026-03-31 | −$333.4M | $480.6M | — | −31.93% |
| Q4 2025 | 2025-12-31 | $1.07B | $572.7M | +115.13% | +63.60% |
| Q3 2025 | 2025-09-30 | $1.07B | $1.56B | — | +67.06% |
| Q2 2025 | 2025-06-30 | −$138.6M | $33.6M | — | −12.63% |
| Q1 2025 | 2025-03-31 | −$813.9M | −$668.2M | — | −96.37% |
| Q4 2024 | 2024-12-31 | $497.5M | $283.3M | +132.24% | +32.86% |
| Q3 2024 | 2024-09-30 | −$487.7M | −$366.9M | — | −54.94% |
| Q2 2024 | 2024-06-30 | −$172.1M | $300.2M | — | −17.04% |
| Q1 2024 | 2024-03-31 | −$145.7M | $259.8M | — | −18.35% |
| Q4 2023 | 2023-12-31 | $214.2M | −$254.1M | −54.26% | +18.49% |
| Q3 2023 | 2023-09-30 | −$120.8M | −$26.5M | — | −15.08% |
| Q2 2023 | 2023-06-30 | −$472.4M | −$361.7M | — | −58.27% |
| Q1 2023 | 2023-03-31 | −$405.6M | −$112.0M | — | −73.97% |
| Q4 2022 | 2022-12-31 | $468.3M | $628.7M | — | +46.72% |
| Q3 2022 | 2022-09-30 | −$94.3M | −$235.0M | — | −14.99% |
| Q2 2022 | 2022-06-30 | −$110.7M | −$197.3M | — | −17.82% |
| Q1 2022 | 2022-03-31 | −$293.6M | $76.0M | — | −79.99% |
| Q4 2021 | 2021-12-31 | −$160.4M | −$257.4M | — | −17.68% |
| Q3 2021 | 2021-09-30 | $140.7M | $39.1M | +38.54% | +24.11% |
| Q2 2021 | 2021-06-30 | $86.6M | $47.3M | +120.06% | +13.77% |
| Q1 2021 | 2021-03-31 | −$369.6M | $247.8M | — | −46.01% |
| Q4 2020 | 2020-12-31 | $97.0M | −$526.6M | −84.45% | +15.92% |
| Q3 2020 | 2020-09-30 | $101.6M | $601.9M | — | +10.95% |
| Q2 2020 | 2020-06-30 | $39.4M | $204.5M | — | +6.13% |
| Q1 2020 | 2020-03-31 | −$617.4M | −$164.8M | — | −116.03% |
| Q4 2019 | 2019-12-31 | $623.5M | $938.3M | — | +44.56% |
| Q3 2019 | 2019-09-30 | −$500.4M | −$37.2M | — | −91.51% |
| Q2 2019 | 2019-06-30 | −$165.1M | −$99.3M | — | −28.22% |
| Q1 2019 | 2019-03-31 | −$452.6M | −$229.6M | — | −85.08% |
| Q4 2018 | 2018-12-31 | −$314.7M | −$549.4M | — | −45.53% |
| Q3 2018 | 2018-09-30 | −$463.2M | −$946.9M | — | −68.49% |
| Q2 2018 | 2018-06-30 | −$65.8M | $206.6M | — | −21.26% |
| Q1 2018 | 2018-03-31 | −$223.0M | −$603.2M | — | −39.31% |
| Q4 2017 | 2017-12-31 | $234.7M | $19.9M | +9.26% | +69.20% |
| Q3 2017 | 2017-09-30 | $483.8M | $613.7M | — | +44.50% |
| Q2 2017 | 2017-06-30 | −$272.3M | −$132.3M | — | −43.69% |
| Q1 2017 | 2017-03-31 | $380.2M | $347.7M | +1070.99% | +42.63% |
| Q4 2016 | 2016-12-31 | $214.8M | $153.2M | +248.55% | +64.95% |
| Q3 2016 | 2016-09-30 | −$130.0M | −$105.8M | — | −19.07% |
| Q2 2016 | 2016-06-30 | −$140.1M | −$90.9M | — | −13.78% |
| Q1 2016 | 2016-03-31 | $32.5M | $512.4M | — | +3.71% |
| Q4 2015 | 2015-12-31 | $61.6M | −$847.6M | −93.22% | +4.18% |
| Q3 2015 | 2015-09-30 | −$24.2M | $94.1M | — | −1.90% |
| Q2 2015 | 2015-06-30 | −$49.2M | −$105.1M | — | −5.49% |
| Q1 2015 | 2015-03-31 | −$480.0M | −$111.0M | — | −102.29% |
| Q4 2014 | 2014-12-31 | $909.2M | $773.2M | +568.60% | +90.35% |
| Q3 2014 | 2014-09-30 | −$118.2M | −$423.8M | — | −13.28% |
| Q2 2014 | 2014-06-30 | $56.0M | −$81.2M | −59.20% | +10.28% |
| Q1 2014 | 2014-03-31 | −$369.0M | −$363.8M | — | −38.83% |
| Q4 2013 | 2013-12-31 | $136.0M | −$151.6M | −52.71% | +17.68% |
| Q3 2013 | 2013-09-30 | $305.6M | $340.5M | — | +24.15% |
| Q2 2013 | 2013-06-30 | $137.2M | −$133.8M | −49.38% | +26.39% |
| Q1 2013 | 2013-03-31 | −$5.2M | $135.4M | — | −0.69% |
| Q4 2012 | 2012-12-31 | $287.5M | $394.8M | — | +26.75% |
| Q3 2012 | 2012-09-30 | −$34.9M | −$13.7M | — | −4.16% |
| Q2 2012 | 2012-06-30 | $271.0M | $695.0M | — | +28.31% |
| Q1 2012 | 2012-03-31 | −$140.6M | $72.2M | — | −28.29% |
| Q4 2011 | 2011-12-31 | −$107.2M | −$245.3M | — | −16.24% |
| Q3 2011 | 2011-09-30 | −$21.3M | −$131.7M | — | −2.11% |
| Q2 2011 | 2011-06-30 | −$424.0M | −$366.8M | — | −79.58% |
| Q1 2011 | 2011-03-31 | −$212.8M | −$138.1M | — | −37.51% |
| Q4 2010 | 2010-12-31 | $138.0M | −$206.6M | −59.94% | +22.64% |
| Q3 2010 | 2010-09-25 | $110.4M | −$3.4M | −2.95% | +13.84% |
| Q2 2010 | 2010-06-26 | −$57.2M | −$16.7M | — | −9.73% |
| Q1 2010 | 2010-03-27 | −$74.7M | −$52.0M | — | −13.15% |
| Q4 2009 | 2009-12-26 | $344.6M | $303.0M | +728.04% | — |
| Q3 2009 | 2009-09-26 | $113.8M | — | — | — |
| Q2 2009 | 2009-06-27 | −$40.5M | — | — | — |
| Q1 2009 | 2009-03-28 | −$22.7M | — | — | — |
| Q3 2008 | 2008-09-27 | $41.6M | — | — | — |
First Solar free cash flow growth trends
Over the last five reported fiscal years, free cash flow grew from −$379.5M to $1.19B, a net increase of $1.57B. First Solar's latest reported quarter, Q2 2026, generated −$306.2M in free cash flow, a decrease of $167.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review First Solar filings at SEC.gov ↗