Income Statement

Revenue

+99%

+93%

10Y

Currency: USD

	Dec-2005	Apr-2006	Jul-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	0	0	1	1	1	1	2	2	2	2	0	0	1	1	5	5	5	0	1	0	0	0	0	0	0	1	8	11	14	14	7	5	2	(1)	(1)	(1)	2	2	2	3	7	11	18	22	21	25	24	23	26	21	19	19	17	18	18	18	19	18	17	23	24	20	22	14	13	13	12	12	12	10	8	9	13	21	30	35	39	39	39	44	0
Revenue	48 N/A	53 +11%	72 +35%	96 +34%	135 +41%	188 +39%	238 +26%	356 +50%	504 +42%	634 +26%	824 +30%	1 013 +23%	1 246 +23%	1 468 +18%	1 727 +18%	1 859 +8%	2 066 +11%	2 216 +7%	2 278 +3%	2 595 +14%	2 564 -1%	2 563 0%	2 508 -2%	2 716 +8%	2 766 +2%	2 696 -3%	3 121 +16%	2 954 -5%	3 369 +14%	3 627 +8%	3 189 -12%	3 616 +13%	3 310 -8%	3 505 +6%	3 528 +1%	3 152 -11%	3 391 +8%	2 910 -14%	3 264 +12%	3 645 +12%	4 113 +13%	4 520 +10%	4 640 +3%	4 050 -13%	2 905 -28%	2 920 +1%	2 527 -13%	2 933 +16%	2 941 +0%	2 617 -11%	2 303 -12%	1 892 -18%	2 244 +19%	2 209 -2%	2 484 +12%	2 355 -5%	3 063 +30%	3 063 +0%	3 121 +2%	3 502 +12%	2 711 -23%	2 983 +10%	2 969 0%	2 625 -12%	2 923 +11%	2 487 -15%	2 479 0%	2 524 +2%	2 619 +4%	2 801 +7%	2 990 +7%	3 163 +6%	3 319 +5%	3 564 +7%	3 764 +6%	3 851 +2%	4 206 +9%	4 257 +1%	4 343 +2%	5 051 +16%	5 219 +3%
Gross Profit
Cost of Revenue	(32)	(36)	(49)	(64)	(81)	(107)	(137)	(190)	(253)	(308)	(382)	(458)	(567)	(658)	(764)	(846)	(1 022)	(1 125)	(1 201)	(1 441)	(1 379)	(1 400)	(1 435)	(1 585)	(1 795)	(1 907)	(2 283)	(2 257)	(2 516)	(2 681)	(2 348)	(2 649)	(2 445)	(2 573)	(2 645)	(2 445)	(2 566)	(2 283)	(2 562)	(2 648)	(2 980)	(3 148)	(3 251)	(2 974)	(2 266)	(2 475)	(2 153)	(2 438)	(2 392)	(1 979)	(1 784)	(1 536)	(1 852)	(1 989)	(2 180)	(2 041)	(2 514)	(2 424)	(2 421)	(2 647)	(2 031)	(2 208)	(2 158)	(1 982)	(2 193)	(1 930)	(2 062)	(2 211)	(2 492)	(2 572)	(2 486)	(2 303)	(2 018)	(2 030)	(2 041)	(2 059)	(2 348)	(2 400)	(2 486)	(3 028)	(3 099)
Gross Profit	17 N/A	18 +6%	23 +30%	33 +43%	54 +67%	81 +49%	100 +24%	166 +66%	251 +51%	326 +30%	442 +36%	555 +26%	680 +22%	809 +19%	963 +19%	1 012 +5%	1 045 +3%	1 091 +4%	1 077 -1%	1 154 +7%	1 185 +3%	1 163 -2%	1 073 -8%	1 130 +5%	972 -14%	789 -19%	838 +6%	697 -17%	853 +22%	945 +11%	842 -11%	967 +15%	865 -11%	932 +8%	882 -5%	708 -20%	825 +17%	627 -24%	701 +12%	996 +42%	1 133 +14%	1 371 +21%	1 389 +1%	1 076 -23%	638 -41%	445 -30%	374 -16%	495 +32%	549 +11%	638 +16%	519 -19%	356 -31%	392 +10%	219 -44%	305 +39%	314 +3%	549 +75%	640 +16%	700 +9%	854 +22%	681 -20%	775 +14%	812 +5%	643 -21%	730 +13%	557 -24%	417 -25%	314 -25%	128 -59%	228 +79%	504 +121%	859 +70%	1 301 +51%	1 535 +18%	1 723 +12%	1 792 +4%	1 858 +4%	1 856 0%	1 857 +0%	2 023 +9%	2 120 +5%
Operating Income
Operating Expenses	(21)	(28)	(39)	(45)	(52)	(67)	(76)	(98)	(114)	(135)	(169)	(200)	(240)	(260)	(285)	(311)	(342)	(367)	(390)	(408)	(436)	(475)	(502)	(548)	(587)	(588)	(543)	(494)	(421)	(395)	(409)	(400)	(407)	(399)	(473)	(423)	(403)	(415)	(431)	(412)	(403)	(391)	(381)	(387)	(388)	(362)	(344)	(335)	(334)	(360)	(377)	(364)	(352)	(330)	(320)	(347)	(348)	(723)	(355)	(343)	(357)	(352)	(333)	(319)	(291)	(278)	(294)	(317)	(351)	(373)	(403)	(411)	(415)	(425)	(444)	(464)	(464)	(483)	(496)	(517)	(523)
Selling, General & Administrative	(16)	(25)	(34)	(39)	(33)	(59)	(65)	(86)	(82)	(118)	(148)	(173)	(174)	(219)	(234)	(246)	(250)	(278)	(297)	(318)	(322)	(372)	(388)	(418)	(413)	(443)	(399)	(356)	(289)	(269)	(284)	(273)	(273)	(256)	(247)	(251)	(259)	(275)	(294)	(283)	(272)	(265)	(251)	(255)	(263)	(245)	(238)	(240)	(245)	(274)	(292)	(277)	(268)	(244)	(231)	(254)	(251)	(260)	(256)	(247)	(263)	(264)	(244)	(227)	(191)	(172)	(186)	(206)	(238)	(257)	(275)	(271)	(262)	(260)	(264)	(275)	(273)	(282)	(292)	(303)	(290)
Research & Development	(2)	(4)	(5)	(6)	(6)	(8)	(10)	(12)	(15)	(17)	(21)	(27)	(34)	(41)	(51)	(66)	(78)	(89)	(94)	(91)	(95)	(103)	(114)	(130)	(141)	(145)	(145)	(139)	(133)	(126)	(125)	(128)	(134)	(143)	(145)	(148)	(144)	(140)	(137)	(129)	(131)	(126)	(129)	(132)	(125)	(117)	(106)	(95)	(89)	(86)	(85)	(87)	(85)	(86)	(90)	(93)	(97)	(100)	(98)	(97)	(94)	(88)	(90)	(92)	(99)	(106)	(108)	(111)	(113)	(116)	(128)	(140)	(152)	(165)	(180)	(189)	(191)	(201)	(204)	(214)	(233)
Other Operating Expenses	(3)	0	0	0	(12)	0	0	0	(17)	0	0	0	(33)	0	0	0	(14)	0	0	0	(19)	0	0	0	(34)	0	0	0	0	0	0	0	0	0	(82)	(25)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(363)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	(5) N/A	(11) -125%	(16) -46%	(13) +20%	3 N/A	14 +411%	25 +73%	68 +175%	137 +102%	191 +39%	273 +44%	355 +30%	440 +24%	550 +25%	678 +23%	701 +3%	702 +0%	724 +3%	687 -5%	746 +8%	749 +0%	687 -8%	571 -17%	582 +2%	385 -34%	200 -48%	295 +47%	203 -31%	432 +112%	550 +28%	433 -21%	567 +31%	457 -19%	533 +17%	409 -23%	285 -30%	422 +48%	213 -50%	270 +27%	584 +116%	730 +25%	980 +34%	1 008 +3%	688 -32%	251 -64%	83 -67%	30 -64%	160 +441%	215 +35%	277 +29%	142 -49%	(8) N/A	40 N/A	(111) N/A	(16) +86%	(33) -110%	201 N/A	(84) N/A	345 N/A	511 +48%	324 -37%	423 +31%	479 +13%	324 -32%	440 +36%	278 -37%	124 -56%	(4) N/A	(223) -5 924%	(145) +35%	102 N/A	449 +342%	886 +97%	1 110 +25%	1 279 +15%	1 328 +4%	1 394 +5%	1 373 -1%	1 362 -1%	1 506 +11%	1 597 +6%
Pre-Tax Income
Interest Income Expense	(2)	(1)	1	2	5	8	9	14	20	24	27	25	26	22	15	14	10	12	14	13	11	10	15	14	14	11	3	2	(3)	2	6	9	16	13	15	18	15	17	17	12	9	3	(3)	(6)	(9)	(10)	(8)	(6)	1	8	23	33	34	34	27	24	24	22	15	(4)	(12)	(19)	(23)	(14)	(15)	(15)	(14)	(10)	5	29	51	67	63	59	45	35	25	8	(4)	(12)	(1)
Non-Reccuring Items	0	0	0	0	0	0	0	0	0	0	0	0	(1)	(2)	(14)	(5)	(23)	(21)	(8)	(18)	0	0	0	0	(454)	(855)	(874)	(898)	(469)	(70)	(54)	(87)	(87)	(85)	0	0	0	0	0	0	0	0	(86)	(90)	(819)	(839)	(772)	(768)	(37)	(17)	1	2	0	0	0	0	(363)	0	(369)	(369)	(6)	145	149	147	147	(2)	188	196	196	194	(29)	(35)	(29)	(28)	7	7	1	(0)	0	0	0
Total Other Income	0	0	1	(0)	2	1	0	1	(1)	(1)	(1)	(2)	(1)	(2)	(3)	(2)	(3)	(2)	(2)	(2)	2	3	6	5	1	(0)	(4)	1	1	1	3	(2)	(5)	(6)	(8)	(8)	(5)	(6)	(5)	(4)	(6)	31	39	46	40	30	21	16	23	15	13	5	39	25	25	27	18	12	13	13	(12)	(1)	(1)	(1)	0	(8)	(7)	0	31	30	33	27	(29)	(30)	(32)	(34)	(13)	(12)	(15)	(17)	(15)
Pre-Tax Income	(7) N/A	(12) -76%	(14) -20%	(11) +20%	9 N/A	23 +154%	34 +44%	83 +145%	156 +88%	213 +36%	299 +40%	378 +27%	464 +23%	568 +23%	676 +19%	708 +5%	686 -3%	712 +4%	691 -3%	739 +7%	762 +3%	700 -8%	591 -15%	601 +2%	(54) N/A	(643) -1 098%	(580) +10%	(692) -19%	(40) +94%	483 N/A	389 -20%	487 +25%	381 -22%	456 +20%	416 -9%	295 -29%	432 +47%	225 -48%	282 +25%	592 +110%	733 +24%	1 014 +38%	959 -5%	639 -33%	(537) N/A	(736) -37%	(729) +1%	(598) +18%	202 N/A	283 +40%	178 -37%	33 -82%	113 +248%	(52) N/A	36 N/A	18 -49%	(120) N/A	(50) +59%	4 N/A	151 +3 884%	293 +94%	548 +87%	604 +10%	457 -24%	572 +25%	253 -56%	290 +15%	182 -37%	9 -95%	107 +1 144%	156 +46%	508 +226%	891 +75%	1 111 +25%	1 300 +17%	1 337 +3%	1 406 +5%	1 368 -3%	1 343 -2%	1 476 +10%	1 581 +7%
Net Income
Tax Provision	0	0	0	(0)	(5)	(9)	28	21	2	(13)	(74)	(100)	(115)	(102)	(98)	(76)	(46)	(64)	(65)	(89)	(98)	(92)	(81)	(72)	14	38	25	28	(57)	(71)	(54)	(45)	(30)	(52)	(43)	(23)	(31)	4	36	(20)	(32)	(66)	(107)	10	(23)	(1)	46	(29)	36	30	(4)	2	(14)	(1)	(19)	(31)	6	93	95	72	107	(28)	(39)	(1)	(104)	(37)	(101)	(88)	(53)	(65)	1	(34)	(61)	(86)	(96)	(89)	(114)	(103)	(85)	(75)	(53)
Income from Continuing Operations	(7)	(12)	(14)	(11)	4	15	62	103	158	200	225	279	348	466	577	631	640	648	626	650	664	608	510	530	(40)	(605)	(555)	(664)	(96)	412	335	442	351	404	373	272	401	228	317	573	701	948	852	648	(560)	(737)	(683)	(627)	238	313	175	34	99	(53)	17	(13)	(115)	44	99	223	401	519	565	455	469	216	189	95	(44)	42	157	474	831	1 025	1 204	1 248	1 292	1 265	1 257	1 400	1 528
Equity Earnings Affiliates	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(0)	0	0	(5)	(5)	(3)	(1)	3	(108)	(98)	(107)	(102)	144	134	143	143	4	3	41	34	35	36	(4)	(1)	(0)	(0)	0	0	(2)	(2)	(2)	(2)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Income (Common)	(7) N/A	(12) -78%	(14) -20%	(11) +19%	4 N/A	15 +270%	62 +317%	103 +68%	158 +53%	200 +26%	225 +13%	279 +24%	348 +25%	466 +34%	577 +24%	631 +9%	640 +1%	648 +1%	626 -3%	650 +4%	664 +2%	608 -8%	510 -16%	530 +4%	(40) N/A	(605) -1 431%	(555) +8%	(664) -20%	(96) +85%	412 N/A	335 -19%	442 +32%	351 -21%	404 +15%	371 -8%	266 -28%	396 +49%	223 -44%	316 +42%	576 +82%	593 +3%	850 +43%	745 -12%	546 -27%	(416) N/A	(603) -45%	(539) +11%	(484) +10%	(166) +66%	(92) +45%	(192) -109%	(340) -77%	144 N/A	(6) N/A	24 N/A	(3) N/A	(115) -3 279%	43 N/A	99 +128%	223 +126%	398 +78%	517 +30%	563 +9%	453 -20%	469 +3%	216 -54%	189 -12%	95 -50%	(44) N/A	42 N/A	157 +275%	474 +203%	831 +75%	1 025 +23%	1 204 +17%	1 248 +4%	1 292 +4%	1 265 -2%	1 257 -1%	1 400 +11%	1 528 +9%
EPS (Diluted)	-0.09 N/A	-0.16 -78%	-0.2 -25%	-0.16 +20%	0.06 N/A	0.21 +250%	0.83 +295%	1.3 +57%	2.03 +56%	2.44 +20%	2.74 +12%	3.39 +24%	4.24 +25%	5.65 +33%	6.73 +19%	7.34 +9%	7.53 +3%	7.52 0%	7.24 -4%	7.5 +4%	7.68 +2%	6.97 -9%	5.87 -16%	6.08 +4%	-0.46 N/A	-6.99 -1 420%	-6.32 +10%	-7.55 -19%	-1.11 +85%	4.61 N/A	3.67 -20%	4.4 +20%	3.67 -17%	3.96 +8%	3.62 -9%	2.62 -28%	3.9 +49%	2.22 -43%	3.1 +40%	5.62 +81%	5.83 +4%	8.25 +42%	7.28 -12%	5.26 -28%	-4.05 N/A	-5.79 -43%	-5.15 +11%	-4.57 +11%	-1.58 +65%	-0.86 +46%	-1.83 -113%	-3.2 -75%	1.36 N/A	-0.05 N/A	0.22 N/A	-0.03 N/A	-1.09 -3 533%	0.4 N/A	0.93 +133%	2.09 +125%	3.73 +78%	4.84 +30%	5.26 +9%	4.23 -20%	4.38 +4%	2.01 -54%	1.76 -12%	0.88 -50%	-0.41 N/A	0.39 N/A	1.46 +274%	4.42 +203%	7.74 +75%	9.54 +23%	11.2 +17%	11.61 +4%	12.02 +4%	11.76 -2%	11.69 -1%	13.03 +11%	14.21 +9%

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First Solar Inc
NASDAQ:FSLR

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First Solar Inc
NASDAQ:FSLR

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First Solar Inc