DQNYSESemiconductors & Related DevicesFiscal year ends December 31

DAQO NEW ENERGY CORP.

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

$10.11−0.12 (-1.17%)

Close on Oct 19, 2026

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

DAQO NEW ENERGY CORP. income statement

Annual Quarterly TTM

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	665	1,029	2,308	4,608	1,679	676	350	302	323	196	182	183	109	87	232	253	111
Cost of Revenue	803	1,242	1,387	1,200	582	442	270	203	179	118	144	139	135	124	145	145	69
Gross Profit	-138	-213	921	3,408	1,097	234	80	98	144	78	38	43	-26	-37	87	108	42
Research & Development	2.58	4.56	10	10	6.50	6.86	5.71	2.74	0.68	3.88	0.92	1.49	3.39	4.13	0.74	1.39	2.77
Selling, General & Admin	118	143	213	354	40	39	32	27	16	15	13	10	18	13	13	15	9.34
Operating Expenses	132	351	137	367	46	46	33	17	13	17	11	11	175	51	36	13	5.52
Operating Income	-270	-564	783	3,041	1,051	188	47	81	131	61	26	32	-201	-89	51	96	36
Interest Expense	–	–	–	–	20	26	9.41	11	16	13	13	16	19	15	9.26	9.85	6.46
Interest & Investment Income	–	–	–	–	–	0.91	0.98	1.24	0.46	0.15	0.49	0.32	0.15	0.99	1.85	0.54	0.21
Merger & Restructuring Charges	–	–	–	–	–	–	–	–	3.00	–	3.00	0.50	–	–	–	–	–
Asset Impairment Charges	0	176	0	0	0	0	0	12	2.99	0.20	1.62	–	158	43	39	–	–
Gain (Loss) on Sale of Assets	-2.29	-19	-4.38	-8.90	-2.75	-1.10	–	–	-0.13	-0.18	-0.17	-0.31	–	–	–	–	–
Pretax Income	-237	-518	818	3,057	1,035	162	38	74	115	49	14	17	-220	-103	43	86	30
Income Tax Expense	-21	-70	166	577	170	28	9.62	12	17	7.36	1.14	–	1.27	10	2.72	13	0.24
Income from Continuing Operations	-171	-345	430	1,820	749	129	28	61	97	41	–	17	-221	-113	41	72	–
Income from Discontinued Operations	–	–	–	–	–	-0.14	1.26	-23	-3.82	2.71	–	–	–	-2.39	-5.86	-3.34	–
Net Income incl. Noncontrolling Interests	-216	-448	653	2,480	865	134	30	39	94	44	13	17	-221	-116	35	69	30
Minority Interest in Earnings	-46	-103	223	660	116	4.61	0.00	0.64	1.01	0.43	0.09	–	-150	-3.71	1.59	0.58	-0.90
Net Income	-171	-345	430	1,820	749	129	30	38	93	43	13	17	-71	-112	33	69	31
Net Income to Common	-171	-345	429	1,804	749	129	–	–	–	–	13	17	-71	-112	33	55	30
EPS (Basic)(per share)	-0.51	-1.04	1.15	4.80	2.03	0.36	0.09	0.12	0.35	0.17	0.05	0.08	-0.41	-0.64	0.19	0.46	0.29
EPS (Diluted)(per share)	-0.51	-1.04	1.15	4.67	1.95	0.34	0.08	0.12	0.34	0.16	0.05	0.08	-0.41	-0.64	0.19	0.46	0.29
Shares Outstanding (Basic, Weighted)(shares)	337	331	374	379	369	355	340	312	265	262	258	206	173	175	176	118	100
Shares Outstanding (Diluted, Weighted)(shares)	337	331	375	386	384	375	350	326	273	265	261	211	173	175	176	141	104
Net Interest Income	9.03	30	52	14	-20	-26	–	–	–	–	–	–	–	–	–	–	–

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: -20.7%
Operating margin: -40.6%
Net margin: -25.6%
Return on equity, FY2025: -3.9%

Financial strength

Current ratio: 5.37
Debt to equity: –
Debt to assets: –
Cash to current liabilities: 170.7%

Valuation

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