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First Solar Inc.Stock · Technology
$224.57−$7.51 (-3.24%)as of market close, Jul 2, 2026
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How First Solar makes money

Fiscal year

How does First Solar make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year. Straight from SEC filings.

First Solar Inc. · FY2025 · year ended 2025-12-31
Revenue$5.2BGross profit$2.1B · 41%Cost of revenue$3.1B · 59%Operating income$1.6B · 31%Operating expenses$523M · 10%R&D$233M · 4%SG&A$204M · 4%Other opex$86M · 2%Net income$1.5B · 29%Income tax$53M · 1%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.