CSIQNasdaqSemiconductors & Related DevicesFiscal year ends December 31

Canadian Solar Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 10, 2026

$9.57−0.24 (-2.45%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): –
Dividend yield: –

Canadian Solar Inc. income statement

AnnualQuarterlyTTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	5,595	5,993	7,614	7,469	5,277	3,476	3,201	3,745	3,390	2,853	3,468	2,961	1,654	1,295	1,899	1,496	631
Cost of Revenue	4,569	4,994	6,334	6,205	4,368	2,787	2,482	2,969	2,753	2,436	2,891	2,380	1,379	1,204	1,717	1,267	553
Gross Profit	1,026	999	1,280	1,263	909	690	718	775	638	417	577	581	276	90	182	229	78
Research & Development	91	121	101	70	58	45	47	44	29	17	17	12	12	13	20	6.84	3.18
Selling, General & Admin	964	1,003	810	901	708	450	423	411	–	–	–	–	–	–	–	–	–
Selling & Marketing	383	488	370	559	399	224	180	165	–	–	–	–	–	–	–	–	–
General & Administrative	582	515	440	342	309	226	243	245	231	204	168	81	45	129	86	55	46
Advertising Expenses	–	–	–	–	–	–	–	–	–	–	5.95	6.58	4.67	12	11	5.15	–
Operating Expenses	983	1,029	827	907	719	469	460	410	368	324	329	215	145	233	175	108	72
Operating Income	43	-30	453	356	190	220	259	365	269	93	247	366	131	-143	6.83	120	6.51
Interest Expense	178	137	114	74	58	72	81	106	118	70	54	49	46	53	44	22	9.46
Interest & Investment Income	46	88	52	41	11	9.31	12	11	10	10	17	14	12	13	8.45	6.94	5.08
Income from Equity Investments	-29	-12	15	15	7.26	11	29	5.91	9.41	-4.40	-0.64	0.49	–	–	–	–	–
Other Non-Operating Income	-184	-52	-45	0.41	-52	-86	-79	-66	-135	-5.51	-24	-45	-75	-56	-81	–	–
Asset Impairment Charges	54	65	5.94	60	6.08	12	22	31	12	23	6.99	1.57	3.67	0	0	0	–
Gain (Loss) on Investments	7.39	1.43	15	0.86	19	-8.56	1.93	41	-3.61	–	–	–	–	–	–	–	–
Gain (Loss) on Sale of Assets	-5.21	-0.90	5.34	4.26	-0.08	0.25	-1.23	-2.57	-14	-8.09	-1.80	-1.48	-3.61	-1.99	-1.22	-0.19	-0.17
Pretax Income	-141	-82	409	356	138	134	209	304	144	83	223	321	53	-201	-74	67	21
Income Tax Expense	14	-17	60	73	36	-1.98	42	62	41	18	50	77	7.64	-5.43	17	17	-1.30
Net Income incl. Noncontrolling Interests	-184	-78	364	299	110	147	167	242	103	65	173	244	46	-195	-91	51	23
Minority Interest in Earnings	-80	-114	89	59	15	0.54	-5.03	5.36	3.41	0.03	1.46	4.39	14	0.31	-0.10	0.26	0.13
Net Income	-104	36	274	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Net Income to Common	–	36	274	240	95	147	172	237	100	65	172	240	32	-195	-91	51	23
EPS (Basic)(per share)	-2.50	0.54	4.19	3.73	1.55	2.46	2.88	4.02	1.71	1.13	3.08	4.40	0.68	-4.53	-2.11	1.18	0.61
EPS (Diluted)(per share)	-2.50	0.54	3.87	3.44	1.46	2.38	2.83	3.88	1.69	1.12	2.93	4.11	0.63	-4.53	-2.11	1.16	0.60
Shares Outstanding (Basic, Weighted)(shares)	67	67	65	64	62	60	60	59	58	58	56	54	46	43	43	43	37
Shares Outstanding (Diluted, Weighted)(shares)	67	67	72	71	69	62	61	62	62	58	60	59	50	43	43	44	38
EBITDA	598	471	760	591	473	430	419	494	369	189	342	449	212	-61	63	152	27

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 18.3%
Operating margin: 0.8%
Net margin: -1.9%
Return on equity, FY2025: -3.7%

Financial strength

Current ratio: 1.02
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 23.4%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –