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First Solar FSLR Receivable from credits from ARPA

Receivable from credits from ARPA at other companies

KULR Technology Group logo
KULR Technology GroupKULR
$3.25M
American Battery Technology Company logo
American Battery Technology CompanyABAT
$450.05K+1,560%
eXoZymes, Inc. logo
eXoZymes, Inc.EXOZ
$302.86K-49.1%
First Solar logo
First SolarFSLR
$285.16M+33.0%
Greif logo
GreifGEF
$135.3M+19.4%
Oscar Health logo
Oscar HealthOSCR
$180.75M

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$26.87B+37.6%
Enterprise value$25.22B+32.6%
P/E15.4×-0.1×
P/S+0.5×

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:GrantsReceivableCurrent.

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 31,2026December 31,2025
Cash and cash equivalents$2,362,979$2,803,514
Marketable securities63,58251,849
Accounts receivable trade, net1,373,9541,294,040
Government grants receivable, net285,158499,592
Inventories893,878736,734
Other current assets666,186643,103
Total current assets5,645,7376,028,832
Property, plant and equipment, net5,666,2475,675,794

Item 1. Condensed Consolidated Financial Statements (Unaudited)

FAQ

What is First Solar's receivable from credits from ARPA?
First Solar (FSLR) reported receivable from credits from ARPA of $285.16M in Q1 2026.
How has First Solar's receivable from credits from ARPA changed year-over-year?
First Solar's receivable from credits from ARPA increased by 33.0% year-over-year, from $214.39M to $285.16M.
What does receivable from credits from ARPA mean?
This represents the current portion of funds expected to be received from government agencies or other entities under grant programs, such as those related to manufacturing incentives or research initiatives. It reflects the company's success in securing external funding to support its production and technology development. These receivables are typically tied to specific performance milestones or regulatory compliance.

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