← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $3.0b | $2.9b | $2.2b | $3.1b | $2.7b | $2.9b | $2.6b | $3.3b | $4.2b | $5.2b | |
| Cost of Revenue | $2.2b | $2.4b | $1.9b | $2.5b | $2.0b | $2.2b | $2.5b | $2.0b | $2.3b | $3.1b | |
| Gross Profit | $704.0m | $548.9m | $392.2m | $549.2m | $680.7m | $730.0m | $69.9m | $1.3b | $1.9b | $2.1b | |
| Operating Expenses | $1.2b | $371.1m | $352.1m | $711.0m | $363.2m | $290.5m | $350.6m | $450.3m | $464.6m | $523.5m | |
| Operating Income (Loss) | ($502.6m) | $177.9m | $40.1m | ($161.8m) | $317.5m | $586.8m | ($27.2m) | $857.3m | $1.4b | $1.6b | |
| Additional Financial Items | |||||||||||
| Amortization of Intangible Assets | $10.1m | $8.3m | $9.9m | $10.2m | $10.8m | $10.9m | $10.9m | $10.5m | $10.5m | $4.1m | |
| 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) | |
| Goodwill, Impairment Loss | $74.9m | $0 | $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 | |
| 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, Noncontrolling Interest | — | — | — | — | — | — | $8.6m | $891.3m | $1.4b | $1.6b | |
| Investment Income, Net | — | — | — | — | — | — | — | $97.7m | $89.1m | $81.8m | |
| Net Income (Loss) Attributable to Parent | ($358.0m) | ($165.6m) | $144.3m | ($114.9m) | $398.4m | $468.7m | ($44.2m) | $830.8m | $1.3b | $1.5b | |
| Earnings Per Share, Basic | ($3.48) | ($1.59) | $1.38 | ($1.09) | $3.76 | $4.41 | ($0.41) | $7.78 | $12.07 | $14.25 | |
| Earnings Per Share, Diluted | ($3.48) | ($1.59) | $1.36 | ($1.09) | $3.73 | $4.38 | ($0.41) | $7.74 | $12.02 | $14.21 | |
| 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 | |
| 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 | |
| Research and Development Expense | $124.8m | $88.6m | $84.5m | $96.6m | $93.7m | $99.1m | $112.8m | $152.3m | $191.4m | $233.4m | |
| 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 | |
| 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 | |
| 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 | |
| Interest Expense | $20.5m | $25.8m | $25.9m | $27.1m | $24.0m | $13.1m | $12.2m | $13.0m | — | — | |
| Income Tax Expense (Benefit) | $58.2m | $372.0m | $3.4m | ($5.5m) | ($107.3m) | $103.5m | $52.8m | $60.5m | $114.3m | $52.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.