First Solar annual free cash flow
2007
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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 | — | — | −7.23% |
First Solar quarterly free cash flow
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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 | — | — | +53.74% |
| Q3 2009 | 2009-09-26 | $113.8M | $72.2M | +173.42% | +23.67% |
| Q2 2009 | 2009-06-27 | −$40.5M | — | — | −7.70% |
| Q1 2009 | 2009-03-28 | −$22.7M | — | — | −5.42% |
| Q3 2008 | 2008-09-27 | $41.6M | — | — | +11.94% |
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 $167.7M year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review First Solar source filings ↗Community posts
First Solar shifts patent enforcement away from trade commission case
First Solar ($FSLR) said it intends to withdraw its TOPCon patent complaint at the US International Trade Commission without prejudice and seek termination of the associated investigation. The company plans to continue pursuing its pending ...
