First Solar annual net debt
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2025
First Solar Net Debt Growth & History (FSLR)
First Solar's net debt was −$2.15B for fiscal 2025.
View full First Solar company overviewFirst Solar annual net debt history
| Fiscal year | Period ended | Net debt | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | −$2.15B | −$1.25B | — |
| 2024 | 2024-12-31 | −$902.6M | $420.0M | — |
| 2023 | 2023-12-31 | −$1.32B | −$75.5M | — |
| 2022 | 2022-12-31 | −$1.25B | −$195.1M | — |
| 2021 | 2021-12-31 | −$1.05B | −$307.3M | — |
| 2020 | 2020-12-31 | −$744.7M | $12.7M | — |
| 2019 | 2019-12-31 | −$757.4M | $179.3M | — |
| 2018 | 2018-12-31 | −$936.8M | $938.2M | — |
| 2017 | 2017-12-31 | −$1.87B | −$716.8M | — |
| 2016 | 2016-12-31 | −$1.16B | −$321.9M | — |
| 2015 | 2015-12-31 | −$836.3M | $430.7M | — |
| 2014 | 2014-12-31 | −$1.27B | −$167.3M | — |
| 2013 | 2013-12-31 | −$1.10B | −$698.6M | — |
| 2012 | 2012-12-31 | −$401.1M | −$414.6M | — |
| 2011 | 2011-12-31 | $13.5M | $568.4M | — |
| 2010 | 2010-12-31 | −$554.9M | −$36.8M | — |
| 2009 | 2009-12-26 | −$518.1M | $84.1M | — |
| 2008 | 2008-12-27 | −$602.2M | — | — |
First Solar quarterly net debt
Q4.08
Q2.09
Q3.09
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Q2.11
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Q3.19
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Q1.20
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Q4.20
Q1.21
Q2.21
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Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Net debt | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | −$1.49B | −$1.04B | — |
| Q1 2026 | 2026-03-31 | −$1.78B | −$1.57B | — |
| Q4 2025 | 2025-12-31 | −$2.15B | −$1.25B | — |
| Q3 2025 | 2025-09-30 | −$1.29B | −$983.1M | — |
| Q2 2025 | 2025-06-30 | −$452.3M | $628.7M | — |
| Q1 2025 | 2025-03-31 | −$207.2M | $793.3M | — |
| Q4 2024 | 2024-12-31 | −$902.6M | $420.0M | — |
| Q3 2024 | 2024-09-30 | −$311.0M | $638.7M | — |
| Q2 2024 | 2024-06-30 | −$1.08B | −$734.4M | — |
| Q1 2024 | 2024-03-31 | −$1.00B | −$462.1M | — |
| Q4 2023 | 2023-12-31 | −$1.32B | −$75.5M | — |
| Q3 2023 | 2023-09-30 | −$949.6M | −$111.9M | — |
| Q2 2023 | 2023-06-30 | −$346.6M | $1.13B | — |
| Q1 2023 | 2023-03-31 | −$538.4M | $395.1M | — |
| Q4 2022 | 2022-12-31 | −$1.25B | −$195.1M | — |
| Q3 2022 | 2022-09-30 | −$837.8M | $63.9M | — |
| Q2 2022 | 2022-06-30 | −$1.48B | −$597.9M | — |
| Q1 2022 | 2022-03-31 | −$933.6M | −$414.3M | — |
| Q4 2021 | 2021-12-31 | −$1.05B | −$307.3M | — |
| Q3 2021 | 2021-09-30 | −$901.7M | −$84.9M | — |
| Q2 2021 | 2021-06-30 | −$878.6M | −$502.0M | — |
| Q1 2021 | 2021-03-31 | −$519.3M | −$199.4M | — |
| Q4 2020 | 2020-12-31 | −$744.7M | $12.7M | — |
| Q3 2020 | 2020-09-30 | −$816.8M | −$571.6M | — |
| Q2 2020 | 2020-06-30 | −$376.6M | $220.3M | — |
| Q1 2020 | 2020-03-31 | −$319.9M | −$22.5M | — |
| Q4 2019 | 2019-12-31 | −$757.4M | $179.3M | — |
| Q3 2019 | 2019-09-30 | −$245.2M | $723.6M | — |
| Q2 2019 | 2019-06-30 | −$597.0M | $971.2M | — |
| Q1 2019 | 2019-03-31 | −$297.4M | $1.12B | — |
| Q4 2018 | 2018-12-31 | −$936.8M | $938.2M | — |
| Q3 2018 | 2018-09-30 | −$968.8M | $706.6M | — |
| Q2 2018 | 2018-06-30 | −$1.57B | −$379.7M | — |
| Q1 2018 | 2018-03-31 | −$1.42B | −$41.6M | — |
| Q4 2017 | 2017-12-31 | −$1.87B | −$716.8M | — |
| Q3 2017 | 2017-09-30 | −$1.68B | −$1.05B | — |
| Q2 2017 | 2017-06-30 | −$1.19B | −$505.3M | — |
| Q1 2017 | 2017-03-31 | −$1.38B | −$591.9M | — |
| Q4 2016 | 2016-12-31 | −$1.16B | −$321.9M | — |
| Q3 2016 | 2016-09-30 | −$627.1M | $277.2M | — |
| Q2 2016 | 2016-06-30 | −$683.2M | $92.2M | — |
| Q1 2016 | 2016-03-31 | −$786.9M | −$249.5M | — |
| Q4 2015 | 2015-12-31 | −$836.3M | $430.7M | — |
| Q3 2015 | 2015-09-30 | −$904.2M | −$445.3M | — |
| Q2 2015 | 2015-06-30 | −$775.5M | −$57.9M | — |
| Q1 2015 | 2015-03-31 | −$537.4M | $299.6M | — |
| Q4 2014 | 2014-12-31 | −$1.27B | −$167.3M | — |
| Q3 2014 | 2014-09-30 | −$458.9M | $564.9M | — |
| Q2 2014 | 2014-06-30 | −$717.5M | $16.6M | — |
| Q1 2014 | 2014-03-31 | −$837.0M | −$495.3M | — |
| Q4 2013 | 2013-12-31 | −$1.10B | −$698.6M | — |
| Q3 2013 | 2013-09-30 | −$1.02B | −$877.4M | — |
| Q2 2013 | 2013-06-30 | −$734.1M | −$574.9M | — |
| Q1 2013 | 2013-03-31 | −$341.6M | −$537.2M | — |
| Q4 2012 | 2012-12-31 | −$401.1M | −$414.6M | — |
| Q3 2012 | 2012-09-30 | −$146.4M | −$50.6M | — |
| Q2 2012 | 2012-06-30 | −$159.2M | −$134.2M | — |
| Q1 2012 | 2012-03-31 | $195.6M | $447.8M | — |
| Q4 2011 | 2011-12-31 | $13.5M | $568.4M | — |
| Q3 2011 | 2011-09-30 | −$95.8M | $301.6M | — |
| Q2 2011 | 2011-06-30 | −$25.0M | $371.3M | — |
| Q1 2011 | 2011-03-31 | −$252.2M | $32.6M | — |
| Q4 2010 | 2010-12-31 | −$554.9M | −$36.8M | — |
| Q3 2010 | 2010-09-25 | −$397.5M | −$196.0M | — |
| Q2 2010 | 2010-06-26 | −$396.3M | −$124.1M | — |
| Q1 2010 | 2010-03-27 | −$284.8M | — | — |
| Q4 2009 | 2009-12-26 | −$518.1M | $34.6M | — |
| Q3 2009 | 2009-09-26 | −$201.5M | — | — |
| Q2 2009 | 2009-06-27 | −$272.2M | — | — |
| Q4 2008 | 2008-12-27 | −$552.7M | — | — |
First Solar net debt trends
Over the last five fiscal years, First Solar's net debt decreased from −$744.7M to −$2.15B, a change of −$1.40B. The latest reported quarter, Q2 2026, shows −$1.49B.
About the metric
What net debt means
Net debt compares a company’s interest-bearing debt with its cash and cash equivalents. Positive net debt means debt exceeds cash, while a negative value indicates the company has more cash than debt on this measure.
Calculation and source
How net debt is calculated
TickerStat calculates net debt as total interest-bearing debt minus cash and cash equivalents at the same reporting-period end. Short-term investments are not subtracted because they are not included in the standardized cash series. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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