Canadian Solar Inc. (CSIQ) quarterly income statement — complete revenue, gross profit & net income history
Canadian Solar Inc. (CSIQ) annual income statement — 23-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Sales/Revenue | 1.21B | 1.08B | 1.22B | 1.49B | 1.69B | 1.2B | 1.52B | 1.51B | 1.64B | 1.33B | 1.7B | 1.85B | 2.36B | 1.7B | 1.97B | 1.93B | 2.31B | 1.25B | 1.53B | 1.23B |
| Revenue Growth % | -28.7% | -9.92% | -19.99% | -1.34% | 3.57% | -9.97% | -10.62% | -18.34% | -30.82% | -21.88% | -13.67% | -4.46% | 2.15% | 36.06% | 28.97% | 57.18% | 61.87% | 14.78% | 46.9% | 34.46% |
| Cost of Goods Sold | 1.04B | 807.06M | 1.09B | 1.23B | 1.19B | 1.06B | 1.3B | 1.26B | 1.35B | 1.08B | 1.49B | 1.54B | 1.92B | 1.38B | 1.62B | 1.57B | 1.94B | 1.07B | 1.23B | 1B |
| COGS % of Revenue | 86.05% | 74.87% | 89.78% | 82.77% | 70.18% | 88.26% | 85.73% | 83.59% | 82.75% | 80.98% | 87.46% | 83.32% | 81.36% | 81.31% | 82.32% | 81.24% | 83.97% | 85.53% | 80.29% | 81.4% |
| Gross Profit | 168.47M | 270.82M | 124.4M | 256.3M | 505.03M | 140.49M | 217.04M | 247.44M | 282.09M | 252.75M | 213.4M | 308M | 440.57M | 318M | 348.63M | 362.57M | 371.05M | 180.89M | 301.29M | 228.63M |
| Gross Margin % | 13.95% | 25.13% | 10.22% | 17.23% | 29.82% | 11.74% | 14.27% | 16.41% | 17.25% | 19.02% | 12.54% | 16.68% | 18.64% | 18.69% | 17.68% | 18.76% | 16.03% | 14.47% | 19.71% | 18.6% |
| Gross Profit Growth % | -66.64% | 92.76% | -42.68% | 3.58% | 79.03% | -44.41% | 1.7% | -19.66% | -35.97% | -20.52% | -38.79% | -15.05% | 18.74% | 75.8% | 15.71% | 58.58% | 100.8% | -7.05% | 113.55% | 28.14% |
| Operating Expenses | 239.53M | 197.95M | 188.46M | 221.71M | 377.6M | 195.3M | 344.13M | 247.14M | 234.44M | 217.38M | 233.59M | 224.99M | 216.45M | 172.4M | 212.87M | 273.9M | 254.93M | 165.38M | 233.87M | 175.54M |
| OpEx % of Revenue | 19.83% | 18.37% | 15.48% | 14.91% | 22.29% | 16.32% | 22.62% | 16.39% | 14.34% | 16.36% | 13.72% | 12.19% | 9.16% | 10.13% | 10.8% | 14.17% | 11.02% | 13.23% | 15.3% | 14.28% |
| Selling, General & Admin | 227.21M | 189.75M | 187.99M | 217.84M | 362.15M | 196.42M | 351.28M | 236.16M | 232.6M | 183.1M | 202.08M | 213.8M | 227.26M | 167.02M | 215.52M | 267.94M | 245.94M | 171.66M | 219.13M | 184.77M |
| SG&A % of Revenue | 18.81% | 17.6% | 15.44% | 14.65% | 21.38% | 16.41% | 23.09% | 15.66% | 14.22% | 13.78% | 11.87% | 11.58% | 9.61% | 9.82% | 10.93% | 13.87% | 10.63% | 13.73% | 14.33% | 15.03% |
| Research & Development | 20.8M | 20.72M | 21.68M | 20M | 24.72M | 24.28M | 30.48M | 30.46M | 25.58M | 34.28M | 31.5M | 28.9M | 23.14M | 17.31M | 20.61M | 17.89M | 18.05M | 13.28M | 19.31M | 13.49M |
| R&D % of Revenue | 1.72% | 1.92% | 1.78% | 1.34% | 1.46% | 2.03% | 2% | 2.02% | 1.56% | 2.58% | 1.85% | 1.57% | 0.98% | 1.02% | 1.05% | 0.93% | 0.78% | 1.06% | 1.26% | 1.1% |
| Other Operating Expenses | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 0 | 0 | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K |
| Operating Income | -71.06M | 72.87M | -64.06M | 34.59M | 127.43M | -54.8M | -127.1M | 294K | 47.65M | 35.37M | -20.18M | 83.02M | 224.12M | 145.6M | 135.76M | 88.67M | 116.12M | 15.52M | 67.42M | 53.09M |
| Operating Margin % | -5.88% | 6.76% | -5.26% | 2.33% | 7.52% | -4.58% | -8.35% | 0.02% | 2.91% | 2.66% | -1.19% | 4.5% | 9.48% | 8.56% | 6.89% | 4.59% | 5.02% | 1.24% | 4.41% | 4.32% |
| Operating Income Growth % | -155.76% | 232.95% | 49.6% | 11664.97% | 167.44% | -254.95% | -529.75% | -99.65% | -78.74% | -75.71% | -114.87% | -6.37% | 93.01% | 838.47% | 101.35% | 67% | 340.17% | -64.32% | 2619.85% | -10.08% |
| EBITDA | 56.71M | 61.05M | -70.07M | 36.8M | 273.21M | -55.24M | 81.24M | 13.74M | 169.65M | 145.37M | 390.35M | 86.46M | 269.29M | 213.6M | 185.76M | 144.67M | 133.78M | 17.33M | 143.43M | 124.09M |
| EBITDA Margin % | 4.7% | 5.66% | -5.76% | 2.47% | 16.13% | -4.62% | 5.34% | 0.91% | 10.37% | 10.94% | 22.93% | 4.68% | 11.39% | 12.56% | 9.42% | 7.49% | 5.78% | 1.39% | 9.38% | 10.09% |
| EBITDA Growth % | -79.24% | 210.52% | -186.25% | 167.89% | 61.04% | -138% | -79.19% | -84.11% | -37% | -31.94% | 110.14% | -40.24% | 101.29% | 1132.78% | 29.52% | 16.58% | 44.82% | -83.57% | 152.65% | 200.39% |
| D&A (Non-Cash Add-back) | 127.77M | 0 | 0 | 0 | 145.78M | 0 | 208.34M | 0 | 122M | 110M | 410.54M | 0 | 0 | 68M | 50M | 56M | 0 | 0 | 76M | 71M |
| EBIT | -71.06M | 61.05M | -70.07M | 36.8M | 125.94M | -55.24M | -111.84M | 13.74M | 73.5M | 79.76M | 18.19M | 86.46M | 269.29M | 148.68M | 132.22M | 147.41M | 133.78M | 17.33M | 80.01M | 44.58M |
| Net Interest Income | 12.27M | -35.71M | -39.5M | -29.34M | -34.89M | -28.39M | -9.09M | -20.44M | -18.9M | -565K | -17.61M | -11.37M | -21M | -12.49M | -10.91M | 3.84M | -15.49M | -11.09M | -12.82M | -10.9M |
| Interest Income | 75.89M | 16.66M | 8.96M | 15.08M | 9.92M | 12.1M | 26.3M | 13.74M | 14.12M | 34.3M | 15.63M | 18.58M | 9.46M | 7.96M | 9.29M | 22.9M | 4.22M | 4.21M | 2.71M | 2.25M |
| Interest Expense | 63.62M | 52.37M | 48.46M | 44.41M | 44.81M | 40.49M | 35.4M | 34.18M | 33.02M | 34.87M | 33.25M | 29.95M | 30.45M | 20.45M | 20.2M | 19.06M | 19.71M | 15.3M | 15.53M | 13.15M |
| Other Income/Expense | 1.62M | -69.44M | -70.92M | -48.53M | -48.35M | -44.97M | -20.13M | -26.19M | -7.17M | 10.53M | 5.13M | -31.13M | 19.43M | -10.06M | -23.74M | 42.53M | 169K | -13.49M | -1.3M | -21.66M |
| Pretax Income | -69.44M | 3.43M | -134.98M | -13.94M | 79.08M | -99.78M | -147.23M | -25.9M | 40.48M | 45.9M | -15.05M | 51.89M | 243.56M | 135.54M | 112.02M | 131.2M | 116.29M | 2.02M | 66.13M | 31.43M |
| Pretax Margin % | -5.75% | 0.32% | -11.09% | -0.94% | 4.67% | -8.34% | -9.68% | -1.72% | 2.48% | 3.45% | -0.88% | 2.81% | 10.3% | 7.97% | 5.68% | 6.79% | 5.02% | 0.16% | 4.33% | 2.56% |
| Income Tax | 16.34M | 16.94M | -4.18M | 7.14M | 34.31M | -23.12M | -11.71M | -19.83M | 5.28M | 9.68M | -4.65M | -10.58M | 46.02M | 28.71M | 21.85M | 28.95M | 27.73M | -6.91M | 26.52M | -2.88M |
| Effective Tax Rate % | -23.53% | 493.82% | 3.1% | -51.21% | 43.39% | 23.17% | 7.95% | 76.56% | 13.05% | 21.08% | 30.89% | -20.4% | 18.89% | 21.19% | 19.51% | 22.07% | 23.85% | -341.19% | 40.1% | -9.16% |
| Net Income | -76.86M | -32.09M | -86.34M | 8.99M | 7.2M | -33.97M | 33.9M | -14.03M | 3.82M | 12.35M | -1.39M | 21.89M | 169.97M | 83.71M | 77.83M | 78.47M | 74.46M | 9.21M | 25.96M | 35.24M |
| Net Margin % | -6.36% | -2.98% | -7.09% | 0.6% | 0.42% | -2.84% | 2.23% | -0.93% | 0.23% | 0.93% | -0.08% | 1.19% | 7.19% | 4.92% | 3.95% | 4.06% | 3.22% | 0.74% | 1.7% | 2.87% |
| Net Income Growth % | -1167.93% | 5.53% | -354.66% | 164.07% | 88.3% | -375.02% | 2546.1% | -164.07% | -97.75% | -85.24% | -101.78% | -72.1% | 128.26% | 809.22% | 199.78% | 122.63% | 561.24% | -59.58% | 291.32% | 299% |
| Net Income (Continuing) | -85.77M | -13.51M | -130.8M | -21.08M | 44.77M | -76.65M | -135.52M | -6.07M | 35.2M | 36.22M | -10.4M | 62.47M | 197.54M | 106.83M | 90.17M | 102.24M | 88.56M | 8.93M | 39.61M | 34.31M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.49B | 1.47B | 1.46B | 1.49B | 1.32B | 1.3B | 1.33B | 1.16B | 1.2B | 1.16B | 1.15B | 1.13B | 993.75M | 386.23M | 365.06M | 331.6M | 322.52M | 326.48M | 325.36M | 320.46M |
| EPS (Diluted) | -1.13 | -0.47 | -1.28 | 0.13 | 0.11 | -0.69 | 0.48 | -0.21 | 0.06 | 0.19 | -0.02 | 0.32 | 2.37 | 1.17 | 1.11 | 1.10 | 1.05 | 0.11 | 0.39 | 0.52 |
| EPS Growth % | -1127.27% | 31.88% | -366.67% | 161.9% | 92.64% | -463.16% | 2385.71% | -165.63% | -97.59% | -83.76% | -101.89% | -70.91% | 125.71% | 963.64% | 184.62% | 111.54% | 483.33% | -69.44% | 254.55% | 246.67% |
| EPS (Basic) | -1.13 | -0.47 | -1.28 | 0.13 | 0.11 | -0.69 | 0.51 | -0.21 | 0.06 | 0.19 | -0.02 | 0.33 | 2.62 | 1.30 | 1.21 | 1.12 | 1.07 | 0.11 | 0.41 | 0.56 |
| Diluted Shares Outstanding | 67.91M | 67.82M | 67.71M | 67.62M | 66.96M | 66.96M | 73.36M | 66.93M | 66.98M | 66.64M | 66.04M | 72.93M | 71.69M | 71.42M | 71.31M | 71.4M | 71.1M | 64.72M | 70.51M | 69.86M |
| Basic Shares Outstanding | 54.9M | 67.82M | 67.71M | 67.62M | 66.96M | 66.96M | 66.95M | 66.52M | 66.41M | 66.16M | 66.04M | 66.01M | 64.91M | 64.52M | 64.51M | 70.06M | 69.59M | 64.03M | 63.47M | 62.79M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |