Name: FSLR Income Statement - First Solar Revenue & EPS | Ledgeburg
Creator: Ledgeburg
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Revenue, Cost of Revenue, Gross Profit, Operating Expenses, Operating Income, Net Income, EPS Basic, EPS Diluted

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FSLR - First Solar, Inc.

USD | NASDAQ | Technology

FSLR Income Statement - First Solar Revenue & EPS | Ledgeburg

(in millions of USD, except per-share data)	Q1 FY 26	Q4 FY 25	Q3 FY 25	Q2 FY 25	Q1 FY 25	Q4 FY 24	Q3 FY 24	Q2 FY 24	Q1 FY 24	Q4 FY 23	Q3 FY 23	Q2 FY 23	Q1 FY 23	Q4 FY 22	Q3 FY 22	Q2 FY 22	Q1 FY 22	Q4 FY 21	Q3 FY 21	Q2 FY 21	Q1 FY 21	Q4 FY 20	Q3 FY 20	Q2 FY 20	Q1 FY 20	Q4 FY 19	Q3 FY 19	Q2 FY 19	Q1 FY 19	Q4 FY 18	Q3 FY 18	Q2 FY 18	Q1 FY 18	Q4 FY 17	Q3 FY 17	Q2 FY 17	Q1 FY 17	Q4 FY 16	Q3 FY 16	Q2 FY 16
Revenues
Revenues	1,044.2	1,682.8	1,594.9	1,097.2	844.6	1,514.0	887.7	1,010.5	794.1	1,158.6	801.1	810.7	548.3	1,002.4	628.9	621.0

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

(in millions of USD, except per-share data)	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009
Revenues
Revenues	5,419.0	5,219.4	4,206.3	3,318.6	2,619.3	2,923.4	2,711.3	3,063.1	2,244.0	2,941.3	2,904.6	4,112.7	3,391.2	3,309.6	3,368.5	2,766.2	2,563.5	2,066.2
Cost of Revenue	3,157.0	3,099.0	2,348.4	2,017.9	2,549.5	2,193.4	2,030.7	2,513.9	1,851.9	2,392.4	2,266.1	2,979.9	2,566.2	2,445.0	2,515.8	1,794.5	1,378.7
Gross Profit	2,262.1	2,120.3	1,857.9	1,300.7	69.9	730.0	680.7	549.2	392.2	548.9	638.4	1,132.8	824.9	864.6	852.7	971.8
Operating Expenses
Research & Development	248.0	233.4	191.4	152.3	112.8	99.1	93.7	96.6	84.5	88.6	124.8	130.6	144.0	134.3	132.5
Operating Income
Operating Income	1,720.9	1,596.9	1,394.4	857.3	(27.2)	586.8	317.5	(161.8)	40.1	177.9	(568.2)	730.2	422.0	370.4
Non-Operating
Interest Income	-	-	-	-	33.3	6.2	16.6	48.9	59.8	35.7	25.2	22.5	18.0	16.8	12.8	13.4
Tax & Net
Income Tax Expense	52.9	52.7	114.3	60.5	52.8	103.5	(107.3)	(5.5)	3.4	372.0	23.2	32.3	31.2	30.1	56.5
Per Share
EPS Basic	15.51	14.25	12.07	7.78	(0.41)	4.41	3.76	(1.09)	1.38	(1.59)	(4.05)	5.88	3.96	3.74	(1.11)	(0.46)
Supplementary Data
EBITDA	-	-	-	-	-	-	-	-	-	269.8	(363.9)	955.4	638.6	609.2	227.8	166.6

Source: SEC EDGAR company filings. Figures as reported (US GAAP)

Operating Expenses
Research & Development	66.9	66.0	60.6	54.5	52.4	46.5	50.2	51.9	42.7	43.9	41.2	36.7	30.5	31.3	29.2	25.2	27.1	29.9	25.4	23.9	19.9	22.7	23.0	22.5	25.6	25.4	24.9	24.4	21.9	21.4	22.4	20.4	20.3	23.6	20.9	21.3	22.8	29.5	32.2	32.9
Selling General & Administrative	65.3	50.7	47.3	52.6	53.2	49.6	46.3	46.6	45.8	57.1	50.2	46.3	44.0	42.7	46.4	38.9
Selling & Marketing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
General & Administrative	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of Intangibles	-	-	-	-	-	-	-	-	-	-	-	-	2.6	-	-	-	2.7
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total Operating Expenses	140.8	117.4	144.7	138.2	123.2	110.9	123.3	126.4	104.0	110.8	103.4	142.0	94.0	106.8	95.3	77.4

Operating Income
Operating Income	345.3	547.9	466.1	361.6	221.2	456.8	322.0	372.5	243.1	397.8	273.0	168.5	18.0	(45.9)	(68.4)	144.8	(57.8)	173.2	50.9	110.4	252.3	57.8	207.2	50.9	1.7	(117.9)	41.3	(8.6)	(76.6)	11.0	58.5	(103.6)	74.3	(35.1)	207.0	13.9	(8.0)	(821.2)	73.3	(0.2)

Non-Operating
Interest Income	-	-	-	-	-	-	-	-	-	-	-	-	25.8	18.3	9.7	2.9	2.3	2.2	1.8	1.3	1.0	1.4	2.1	3.7	9.3	9.7	11.5	13.5	14.3	14.6	16.5	16.9	11.8	13.3	8.4	7.6	6.4	6.4	5.9	6.5
Interest Expense	7.6	11.3	14.1	9.2	9.5	10.9	9.0	9.8	9.2	7.1	3.7	1.4	0.7	3.1	3.0	3.2	2.9	2.5
Income From Equity Investments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Non-Operating Income	(3.2)	(4.4)	(6.0)	(2.6)	(1.9)	(6.9)	(3.1)	(0.6)	(2.8)	(27.7)	(1.0)	1.0	(1.5)	28.5	4.8	(1.9)	(0.2)
Pre-Tax Income	354.3	551.3	460.3	352.2	217.1	446.3	327.3	377.1	255.5	376.7	290.5	188.5	35.7	(6.6)	(61.7)	139.6

Tax & Net
Income Tax Expense	7.7	30.5	4.4	10.3	7.5	53.2	14.4	27.8	18.9	27.4	22.1	17.9	(6.9)	1.0	(12.5)	83.8	(19.5)	35.8	0.8	20.3	46.5	(66.4)	38.1	10.2	(89.2)	(30.9)	15.0	11.7	(1.4)	(4.4)	2.4	(6.2)	11.6	398.8	7.6	(40.0)	5.7	56.1	(68.2)	7.3
Net Income From Continuing Ops	346.6	520.9	455.9	341.9	209.5	393.1	313.0	349.4	236.6	349.2	268.4	170.6	42.6	(7.5)	(49.2)	55.8	(43.3)
Net Income From Discontinued Ops	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income	346.6	520.9	455.9	341.9	209.5	393.1	313.0	349.4	236.6	349.2	268.4	170.6	42.6	(7.5)	(49.2)	55.8	(43.3)
Net Income Attributable To Parent	346.6	520.9	455.9	341.9	209.5	393.1	313.0	349.4	236.6	349.2	268.4	170.6	42.6	(7.5)	(49.2)	55.8
Less: Minority Interest	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Less: Preferred Dividends	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income To Common Shareholders	346.6	520.9	455.9	341.9	209.5	393.1	313.0	349.4	236.6	349.2	268.4	170.6	42.6	(7.5)	(49.2)

Per Share
EPS Basic	3.23	-	4.25	3.19	1.96	-	2.92	3.26	2.21	-	2.51	1.60	0.40	-	(0.46)	0.52	(0.41)	-	0.43	0.78	1.98	-	1.46	0.35	0.86	-	0.29	(0.18)	(0.64)	-	0.55	(0.46)	0.79	-	1.97	0.50	0.09	-	1.46	(0.11)
EPS Diluted	3.22	-	4.24	3.18	1.95	-	2.91	3.25	2.20	-	2.50	1.59	0.40	-	(0.46)	0.52	(0.41)	-
Shares Basic	107.4	-	107.3	107.2	107.1	-	107.0	107.0	106.9	-	106.8	106.8	106.7	-	106.6	106.6	106.4	-
Shares Diluted	107.6	-	107.5	107.5	107.4	-	107.6	107.5	107.4	-	107.5	107.3	107.2	-	106.6	107.1	106.4	-

Supplementary Data
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	(790.4)	131.4	56.4
EBIT	345.3	547.9	466.1	361.6	221.2	456.8	322.0	372.5	243.1	397.8	273.0	168.5	18.0	(45.9)	(68.4)	144.8	(57.8)	173.2	50.9