For the year ending 2025-12-31, FSLR made $5,219,376K in revenue. $1,528,229K in net income. Net profit margin of 29.28%.
| Income Statement | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net sales | 5,219,376 | 4,206,289 | 3,318,602 | 2,619,319 |
| Cost of sales | 3,099,037 | 2,348,425 | 2,017,923 | 2,549,461 |
| Gross profit | 2,120,339 | 1,857,864 | 1,300,679 | 69,858 |
| Selling, general and administrative | 203,759 | 188,262 | 197,622 | 164,724 |
| Research and development | 233,421 | 191,375 | 152,307 | 112,804 |
| Production start-up | 86,295 | 84,492 | 64,777 | 73,077 |
| Litigation loss | 0 | 430 | 35,590 | 0 |
| Total operating expenses | 523,475 | 464,559 | 450,296 | 350,605 |
| Gain on sales of businesses, net | 0 | 1,115 | 6,883 | 253,511 |
| Operating income | 1,596,864 | 1,394,420 | 857,266 | -27,236 |
| Foreign currency loss, net | -38,569 | -24,976 | -21,533 | -16,414 |
| Interest income | 81,762 | 89,090 | 97,667 | 33,284 |
| Interest expense, net | 44,131 | 38,870 | 12,965 | 12,225 |
| Other expense, net | -15,013 | -13,326 | -29,145 | 31,189 |
| Income before taxes and equity in earnings | - | - | - | 8,598 |
| Income before taxes | 1,580,913 | 1,406,338 | 891,290 | - |
| Income tax expense | 52,684 | 114,294 | 60,513 | 52,764 |
| Equity in earnings, net of tax | - | - | - | 0 |
| Net income | 1,528,229 | 1,292,044 | 830,777 | -44,166 |
| Basic EPS | 14.25 | 12.07 | 7.78 | -0.41 |
| Diluted EPS | 14.21 | 12.02 | 7.74 | -0.41 |
| Basic Average Shares | 107,235,000 | 107,015,000 | 106,795,000 | 106,551,000 |
| Diluted Average Shares | 107,537,000 | 107,525,000 | 107,372,000 | 106,551,000 |
FIRST SOLAR, INC. (FSLR)
FIRST SOLAR, INC. (FSLR)