← FIRST SOLAR, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.0b |
$2.9b
-0.34%
|
$2.2b
-23.71%
|
$3.1b
+36.50%
|
$2.7b
-11.48%
|
$2.9b
+7.82%
|
$2.6b
-10.40%
|
$3.3b
+26.70%
|
$4.2b
+26.75%
|
$5.2b
+24.09%
|
$5.4b
+3.04%
|
|
| Cost of Revenue | $2.2b |
$2.4b
+6.45%
|
$1.9b
-22.59%
|
$2.5b
+35.75%
|
$2.0b
-19.22%
|
$2.2b
+8.02%
|
$2.5b
+16.23%
|
$2.0b
-20.85%
|
$2.3b
+16.38%
|
$3.1b
+31.96%
|
$3.0b
-2.85%
|
|
| Gross Profit | $704.0m |
$548.9m
-22.02%
|
$392.2m
-28.56%
|
$549.2m
+40.04%
|
$680.7m
+23.94%
|
$730.0m
+7.24%
|
$69.9m
-90.43%
|
$1.3b
+1761.89%
|
$1.9b
+42.84%
|
$2.1b
+14.13%
|
$2.4b
+11.64%
|
|
| Research and Development Expense | $124.8m | $88.6m | $84.5m | $96.6m | $93.7m | $99.1m | $112.8m | $152.3m | $191.4m | $233.4m | $269.7m | |
| Selling, General and Administrative Expense | $262.0m | $202.7m | $176.9m | $205.5m | $222.9m | $170.3m | $164.7m | $197.6m | $188.3m | $203.8m | $215.3m | |
| Amortization of Intangible Assets | $10.1m | $8.3m | $9.9m | $10.2m | $10.8m | $10.9m | $10.9m | $10.5m | $10.5m | $4.1m | — | |
| Operating Expenses | $1.2b | $371.1m | $352.1m | $711.0m | $363.2m | $290.5m | $350.6m | $450.3m | $464.6m | $523.5m | $557.5m | |
| Operating Income (Loss) | ($502.6m) |
$177.9m
+135.39%
|
$40.1m
-77.45%
|
($161.8m)
-503.32%
|
$317.5m
+296.24%
|
$586.8m
+84.81%
|
($27.2m)
-104.64%
|
$857.3m
+3247.55%
|
$1.4b
+62.66%
|
$1.6b
+14.52%
|
$1.8b
+13.33%
|
|
| Interest Expense | $20.5m | $25.8m | $25.9m | $27.1m | $24.0m | $13.1m | $12.2m | $13.0m | — | — | $38.6m | |
| Investment Income, Net | — | — | — | — | — | — | — | $97.7m | $89.1m | $81.8m | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($14.0m) | ($9.6m) | ($570k) | $2.3m | ($4.9m) | ($8.0m) | ($16.4m) | ($21.5m) | ($25.0m) | ($38.6m) | — | |
| Other Nonoperating Income (Expense) | $40.3m | $24.0m | $39.7m | $17.5m | ($11.9m) | $314k | $31.2m | ($29.1m) | ($13.3m) | ($15.0m) | — | |
| Interest Expense (non-operating) | — | — | — | — | — | — | — | — | $38.9m | $44.1m | $38.6m | |
| Income (Loss) from Equity Method Investments | $171.9m | $4.3m | $34.6m | ($284k) | ($2.1m) | $0 | $0 | — | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | ($361.2m) | ($22.9m) | ($49.4m) | ($239.5m) | $22.5m | $315.3m | ($17.7m) | $787.6m | $1.2b | $1.8b | $1.8b | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | — | — | — | — | — | $8.6m | $891.3m | $1.4b | $1.6b | $1.8b | |
| Current Income Tax Expense (Benefit) | ($34.8m) | $131.1m | ($49.0m) | $54.9m | ($118.8m) | $23.1m | $58.8m | $73.7m | $134.2m | $14.7m | $79.4m | |
| Income Tax Expense (Benefit) | $58.2m | $372.0m | $3.4m | ($5.5m) | ($107.3m) | $103.5m | $52.8m | $60.5m | $114.3m | $52.7m | $79.4m | |
| Net Income (Loss) Attributable to Parent | ($358.0m) |
($165.6m)
+53.73%
|
$144.3m
+187.15%
|
($114.9m)
-179.63%
|
$398.4m
+446.60%
|
$468.7m
+17.66%
|
($44.2m)
-109.42%
|
$830.8m
+1981.03%
|
$1.3b
+55.52%
|
$1.5b
+18.28%
|
$1.7b
+14.25%
|
|
| Earnings Per Share, Basic | ($3.48) | ($1.59) | $1.38 | ($1.09) | $3.76 | $4.41 | ($0.41) | $7.78 | $12.07 | $14.25 | $9.83 | |
| Earnings Per Share, Diluted | ($3.48) | ($1.59) | $1.36 | ($1.09) | $3.73 | $4.38 | ($0.41) | $7.74 | $12.02 | $14.21 | $9.79 | |
| Weighted Average Number of Shares Outstanding, Basic | 102.9m | 104.3m | 104.7m | 105.3m | 105.9m | 106.3m | 106.6m | 106.8m | 107.0m | 107.2m | 590.7m | |
| Weighted Average Number of Shares Outstanding, Diluted | 102.9m | 104.3m | 106.1m | 105.3m | 106.7m | 106.9m | 106.6m | 107.4m | 107.5m | 107.5m | 592.2m | |
| Additional Financial Items | ||||||||||||
| Goodwill, Impairment Loss | $74.9m | $0 | $0 | — | — | — | — | — | — | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.