What is First Solar's cash & equivalents?

First Solar (FSLR) reported cash & equivalents of $2.38B in Q1 2026.

How has First Solar's cash & equivalents changed year-over-year?

First Solar's cash & equivalents increased by 181.6% year-over-year, from $844.02M to $2.38B.

What is the long-term trend for First Solar's cash & equivalents?

Over 5 years (2020 to 2025), First Solar's cash & equivalents has grown at a 17.2% compound annual growth rate (CAGR), from $1.27B to $2.81B.

What does cash & equivalents mean?

Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.

First Solar FSLR Cash & Equivalents

Cash & Equivalents at other companies

SolarEdge TechnologiesSEDG

$553.37M+9.4%

Enphase EnergyENPH

$497.55M+19.9%

Shoals Technologies Group, Inc.SHLS

$1.88M-94.7%

SunrunRUN

$679.55M+12.3%

FTC SolarFTCI

$5.64M-4.6%

Solaris Energy InfrastructureSEI

$344.47M+1,960%

Other financials

Income statement

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Revenue$1.0B+23.6%

Gross profit$486.1M+41.2%

Operating income$345.3M+56.1%

Net income$346.6M+65.4%

EPS (diluted)$3.22+65.1%

Balance sheet

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Total debt$590.9M-6.5%

Total equity$9.9B+20.7%

Total assets$13.4B+10.2%

Cash flow

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Operating cash flow-$214.9M+64.7%

CapEx$118.5M-42.5%

Free cash flow-$333.4M+59.0%

Valuation

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Market cap$25.35B+44.6%

Enterprise value$23.57B+38.1%

P/E15.2×+1.3×

P/S4.7×+0.6×

Profitability

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Gross margin41.7%-1.9pp

Operating margin31.8%-0.5pp

Net margin30.7%+1.0pp

FCF margin30.8%—

Returns & leverage

See full

Return on equity18.4%+1.7pp

Debt / equity0.1×0.0×

Current ratio2.6×+0.6×

Where this comes from

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents.

The official record: First Solar’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is First Solar's cash & equivalents?: First Solar (FSLR) reported cash & equivalents of $2.38B in Q1 2026.
How has First Solar's cash & equivalents changed year-over-year?: First Solar's cash & equivalents increased by 181.6% year-over-year, from $844.02M to $2.38B.
What is the long-term trend for First Solar's cash & equivalents?: Over 5 years (2020 to 2025), First Solar's cash & equivalents has grown at a 17.2% compound annual growth rate (CAGR), from $1.27B to $2.81B.
What does cash & equivalents mean?: Cash on hand plus highly liquid investments with maturities of three months or less at purchase — treasury bills, money market funds, and commercial paper.