v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Current assets:    
Cash and cash equivalents $ 1,688,279 $ 2,803,514
Marketable securities 38,685 51,849
Accounts receivable trade, net 1,476,221 1,294,040
Government grants receivable, net 284,549 499,592
Inventories 1,088,115 736,734
Other current assets 741,366 643,103
Total current assets 5,317,215 6,028,832
Property, plant and equipment, net 5,643,539 5,675,794
Deferred tax assets, net 198,588 194,672
Restricted marketable securities 214,315 217,172
Government grants receivable 978,788 125,607
Goodwill 30,142 31,095
Intangibles assets, net 63,372 51,007
Inventories 185,508 237,462
Other assets 757,131 759,669
Total assets 13,388,598 13,321,310
Current liabilities:    
Accounts payable 346,334 405,775
Income taxes payable 46,590 7,490
Accrued expenses 410,164 519,414
Current portion of debt 37,635 215,979
Deferred revenue 1,179,374 1,014,386
Other current liabilities 91,719 91,058
Total current liabilities 2,111,816 2,254,102
Accrued solar module collection and recycling liability 144,821 146,017
Long-term debt 0 282,593
Deferred revenue 519,486 805,018
Other liabilities 292,137 295,587
Total liabilities 3,068,260 3,783,317
Commitments and contingencies
Stockholders' equity:    
Common stock, $0.001 par value per share; 500,000,000 shares authorized; 107,469,302 and 107,309,794 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively 107 107
Additional paid-in capital 2,915,837 2,902,013
Accumulated earnings 7,560,527 6,791,339
Accumulated other comprehensive loss (156,133) (155,466)
Total stockholders' equity 10,320,338 9,537,993
Total liabilities and stockholders' equity $ 13,388,598 $ 13,321,310