Flagship explainer

How First Solar, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$5.2B · 100%Cost of revenue$3.1B · 59%Gross profit$2.1B · 41%Operating income$1.6B · 31%Income before tax$1.6B · 30%Income tax$52.7M · 1%Net income$1.5B · 29%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$5.2B100%
Cost of revenue$3.1B59%
$2.1B41%
$1.6B31%
Income before tax$1.6B30%
Income tax$52.7M1%
$1.5B29%
Source: · event Dec 31, 2025 · retrieved Oct 17, 2026 · annual-row source set
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