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First Solar FSLR Operating Lease Liabilities

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Other financials

Income statement

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Revenue$1.1B-3.7%
Gross profit$605.0M+21.0%
Operating income$450.4M+24.6%
Net income$422.6M+23.6%
EPS (diluted)$3.92+23.3%

Balance sheet

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Cash & equivalents$1.7B+43.1%
Total debt$37.6M-94.4%
Total equity$10.3B+20.8%
Total assets$13.4B+4.1%

Cash flow

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Operating cash flow$144.9M-3.1%
CapEx$161.3M-44.0%
Free cash flow-$16.4M+88.2%

Valuation

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Market cap$26.24B+32.2%
Enterprise value$24.59B+27.2%
P/E15×-0.8×
P/S4.9×+0.3×

Profitability

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Gross margin44%+1.3pp
Operating margin33.6%+2.3pp
Net margin32.5%+3.5pp
FCF margin33.3%

Returns & leverage

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Return on equity18.5%+2.6pp
Debt / equity-0.1×
Current ratio2.5×+0.6×

Where this comes from

Reported directly by First Solar in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiabilityNoncurrent.

The source filing: First Solar’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:05 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001274494-26-000109
Line itemMarch 31, 2026 / Operating LeasesMarch 31, 2026 / Finance LeasesDecember 31, 2025 / Operating LeasesDecember 31, 2025 / Finance Leases
Lease assets$160,762$38,780$161,756$34,302
Lease liabilities – current13,4873,81915,1832,907
Lease liabilities – noncurrent105,19338,848103,75334,920
Weighted-average remaining lease term12 years22 years12 years24 years
Weighted-average discount rate5.2%6.3%5.7%6.6%

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is First Solar's operating lease liabilities?
First Solar (FSLR) reported operating lease liabilities of $105.19M in Q1 2026.
How has First Solar's operating lease liabilities changed year-over-year?
First Solar's operating lease liabilities increased by 69.0% year-over-year, from $62.24M to $105.19M.
What is the long-term trend for First Solar's operating lease liabilities?
Over 5 years (2020 to 2025), First Solar's operating lease liabilities has grown at a -11.3% compound annual growth rate (CAGR), from $189.03M to $103.75M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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