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First Solar free cash flow FSLR

Cash from operations less capital spending, by quarter and over the last twelve months, from 2008.

Last 12 months, to Jun 30, 2026
$1.5B
Latest quarter, Q2 FY26
−$306.2M
Fiscal year 2025
$1.2B

First Solar's free cash flow was $1.5B over the twelve months to Jun 30, 2026.

In its latest quarter, Q2 FY26, it was −$306.2M.

Free cash flow over time

Open the interactive chart, with overlays and comparisons

Fiscal year by fiscal year

Fiscal yearFree cash flowChange
FY2025$1.2Bn/a
FY2024−$308.1Mn/a
FY2023−$784.5Mn/a
FY2022−$30.2Mn/a
FY2021−$302.7Mn/a
FY2020−$379.5Mn/a
FY2019−$494.5Mn/a
FY2018−$1.1B−229%
FY2017$826.3Mn/a
FY2016−$22.7Mn/a
FY2015−$527.4M−225%
FY2014$423.4M−26%
FY2013$573.5M+50%
FY2012$383Mn/a
FY2011−$765.3M−756%

Each fiscal year is the twelve months to its fourth quarter.

Quarter by quarter

QuarterEndedFree cash flowOn a year earlierLast 12 months
Q2 FY26−$306.2Mn/a$1.5B
Q1 FY26−$333.4Mn/a$1.7B
Q4 FY25$1.1B+115%$1.2B
Q3 FY25$1.1Bn/a$614.5M
Q2 FY25−$138.6Mn/a−$942.7M
Q1 FY25−$813.9Mn/a−$976.3M
Q4 FY24$497.5M+132%−$308.1M
Q3 FY24−$487.7Mn/a−$591.3M
Q2 FY24−$172.1Mn/a−$224.5M
Q1 FY24−$145.7Mn/a−$524.7M
Q4 FY23$214.2M−54%−$784.5M
Q3 FY23−$120.8Mn/a−$530.4M

Against its peers

Companies in Energy nearest First Solar's size, closest first, today.

CompanyFree cash flow yield
FSLRFirst Solar8.1%
WESWestern Midstream Partners6.5%
APAAPAn/m
OVVOvintiv11.4%
VNOMViper Energyn/m
PRPermian Resources18.6%
EXEExpand Energy12.4%
DINOHF Sinclair10.7%
TPLTexas Pacific Land2.3%
DTMDT Midstream3.8%
FTITechnipFMC5.7%
Peer median8.6%

Where First Solar ranks

What the free cash flow tells you

Cash from operations minus capital spending. The cash the company could hand back or reinvest.

Seasonal and lumpy quarter to quarter. The TTM view is the one to trust.

More on First Solar

Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.