FSLR NASDAQ
First Solar, Inc.
1W: -2.1%
1M: -5.4%
3M: -17.0%
YTD: -38.7%
1Y: -26.6%
3Y: +10.7%
5Y: +60.5%
$175.85
+7.70 (+4.58%)
After Hours: $175.60 (-0.25, -0.14%)
Weekly Expected Move ±4.4%
$157
$164
$172
$180
$187
Credit Risk of going bust: lower than 85% of companies Debt: 1.1% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.08 (down more than 99.9%), First Solar, Inc. would be worth roughly what it owes.
Total debt $194.0M against a stock market value of $18.07B.
Distance to default 11.17 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $37.6M (short-term plus half of long-term), stock volatility 54.4%; Altman Z 5.47. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.08 (down more than 99.9%), First Solar, Inc. would be worth roughly what it owes.
Total debt $194.0M against a stock market value of $18.07B.
Distance to default 11.17 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $37.6M (short-term plus half of long-term), stock volatility 54.4%; Altman Z 5.47. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Balance Sheet Trends
Total Assets
$13.3B
+9.9% ▲
5Y CAGR: +13.4%
Total Liabilities
$3.8B
-8.8% ▼
5Y CAGR: +19.0%
Shareholders Equity
$9.5B
+19.6% ▲
5Y CAGR: +11.6%
Cash & Investments
$2.9B
+59.3% ▲
5Y CAGR: +10.3%
Total Debt
$499M
-30.6% ▼
5Y CAGR: +0.7%
Net Debt
-$2.3B
-155.4% ▼
Assets vs Liabilities & Equity
Year-over-Year Growth
View Full Balance Sheet
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Assets — | |||||
| Cash | $1.5B | $1.5B | $1.9B | $1.6B | $2.8B |
| Short-Term Investments | $375M | $1.1B | $155M | $172M | $52M |
| Cash & ST Investments | $1.8B | $2.6B | $2.1B | $1.8B | $2.9B |
| Net Receivables | $455M | $330M | $1.4B | $1.8B | $1.3B |
| Inventory | $819M | $783M | $1.0B | $1.3B | $737M |
| Other Current Assets | $21M | $49M | $43M | $57M | $1.1B |
| Total Current Assets | $3.2B | $3.8B | $4.6B | $5.1B | $6.0B |
| Property, Plant & Equip. | $3.1B | $3.6B | $4.5B | $5.6B | $5.7B |
| Goodwill & Intangibles | $60M | $46M | $94M | $83M | $82M |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 |
| Other Non-Current Assets | $1.0B | $705M | $995M | $1.2B | $1.3B |
| Total Non-Current Assets | $4.2B | $4.5B | $5.7B | $7.0B | $7.3B |
| Total Assets | $7.4B | $8.3B | $10.4B | $12.1B | $13.3B |
| — Liabilities — | |||||
| Accounts Payable | $193M | $341M | $207M | $482M | $406M |
| Short-Term Debt | $4M | $0 | $96M | $236M | $216M |
| Deferred Revenue | $202M | $263M | $414M | $712M | $1.0B |
| Other Current Liabilities | $48M | $60M | $66M | $56M | $618M |
| Total Current Liabilities | $727M | $1.0B | $1.3B | $2.1B | $2.3B |
| Long-Term Debt | $236M | $184M | $464M | $373M | $283M |
| Other Non-Current Liab. | $222M | $179M | $219M | $218M | $1.2B |
| Total Non-Current Liabilities | $727M | $1.4B | $2.4B | $2.1B | $1.5B |
| Total Liabilities | $1.5B | $2.4B | $3.7B | $4.1B | $3.8B |
| — Equity — | |||||
| Common Stock | $106K | $107K | $107K | $107K | $107K |
| Retained Earnings | $3.2B | $3.1B | $4.0B | $5.3B | $0 |
| Accumulated OCI | -$96M | -$192M | -$174M | -$184M | -$155M |
| Total Stockholders Equity | $6.0B | $5.8B | $6.7B | $8.0B | $9.5B |
| Total Liabilities & Equity | $7.4B | $8.3B | $10.4B | $12.1B | $13.3B |
| — Key Metrics — | |||||
| Total Debt | $399M | $234M | $624M | $719M | $499M |
| Net Debt | -$1.1B | -$1.2B | -$1.3B | -$903M | -$2.3B |
| Total Investments | $375M | $1.1B | $155M | $172M | $52M |