Daqo New Energy Corp. (DQ) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Sales/Revenue | 26.72M | 221.71M | 244.92M | 75.45M | 123.91M | 195.36M | 198.5M | 219.66M | 414.64M | 480.41M | 484.87M | 629.89M | 709.83M | 864.25M | 1.22B | 1.24B | 1.28B | 395.55M | 585.78M | 441.37M |
| Revenue Growth % | -78.44% | 13.49% | 23.39% | -65.65% | -70.12% | -59.34% | -59.06% | -65.13% | -41.59% | -44.41% | -60.25% | -49.37% | -44.63% | 118.5% | 108.22% | 181.87% | 401.6% | 59.67% | 366.65% | 230.57% |
| Cost of Goods Sold | 166.09M | 206.27M | 235.26M | 157.15M | 205.45M | 260.62M | 259.09M | 378.64M | 342.67M | 392.62M | 417.05M | 373.76M | 203.1M | 195.37M | 241.07M | 297.22M | 467.41M | 155.72M | 150.58M | 138.13M |
| COGS % of Revenue | 621.54% | 93.04% | 96.05% | 208.27% | 165.8% | 133.41% | 130.53% | 172.37% | 82.64% | 81.73% | 86.01% | 59.34% | 28.61% | 22.61% | 19.77% | 23.89% | 36.46% | 39.37% | 25.71% | 31.3% |
| Gross Profit | -139.37M | 15.44M | 9.66M | -81.69M | -81.53M | -65.26M | -60.59M | -158.98M | 71.97M | 87.8M | 67.82M | 256.13M | 506.73M | 668.88M | 978.62M | 946.87M | 814.68M | 239.83M | 435.2M | 303.24M |
| Gross Margin % | -521.54% | 6.96% | 3.95% | -108.27% | -65.8% | -33.41% | -30.53% | -72.37% | 17.36% | 18.27% | 13.99% | 40.66% | 71.39% | 77.39% | 80.23% | 76.11% | 63.54% | 60.63% | 74.29% | 68.7% |
| Gross Profit Growth % | -70.93% | 123.66% | 115.95% | 48.61% | -213.29% | -174.34% | -189.35% | -162.07% | -85.8% | -86.87% | -93.07% | -72.95% | -37.8% | 178.9% | 124.87% | 212.25% | 586.25% | 119.05% | 861.7% | 1235.95% |
| Operating Expenses | 11.45M | 36.33M | 32.89M | 33.03M | 32.52M | 235.68M | 37.45M | 39.32M | 39.91M | 42.54M | 92.46M | 44.94M | 42.93M | 45.81M | 285.57M | 19.28M | 17.59M | 11.73M | 13.48M | 10.82M |
| OpEx % of Revenue | 42.83% | 16.39% | 13.43% | 43.78% | 26.24% | 120.64% | 18.87% | 17.9% | 9.62% | 8.86% | 19.07% | 7.13% | 6.05% | 5.3% | 23.41% | 1.55% | 1.37% | 2.97% | 2.3% | 2.45% |
| Selling, General & Admin | 12.16M | 38.02M | 32.33M | 32.23M | 35.09M | 47.47M | 37.73M | 37.48M | 38.37M | 39.27M | 89.7M | 42.79M | 41.28M | 43.98M | 280.18M | 14.43M | 15.5M | 10.25M | 11.35M | 9.27M |
| SG&A % of Revenue | 45.52% | 17.15% | 13.2% | 42.72% | 28.31% | 24.3% | 19.01% | 17.06% | 9.25% | 8.17% | 18.5% | 6.79% | 5.82% | 5.09% | 22.97% | 1.16% | 1.21% | 2.59% | 1.94% | 2.1% |
| Research & Development | 783K | 722K | 559.74K | 798.8K | 507K | 372K | 813K | 1.83M | 1.54M | 3.27M | 2.76M | 2.15M | 1.94M | 2.74M | 2.51M | 2.71M | 2.08M | 1.27M | 1.93M | 2.1M |
| R&D % of Revenue | 2.93% | 0.33% | 0.23% | 1.06% | 0.41% | 0.19% | 0.41% | 0.83% | 0.37% | 0.68% | 0.57% | 0.34% | 0.27% | 0.32% | 0.21% | 0.22% | 0.16% | 0.32% | 0.33% | 0.48% |
| Other Operating Expenses | -1000K | -1000K | 0 | 0 | -1000K | 1000K | -1000K | 0 | 0 | 0 | 0 | 0 | -292K | -903K | 1000K | 1000K | 0 | 217K | 203K | -549K |
| Operating Income | -150.81M | -20.89M | -23.22M | -114.72M | -114.05M | -300.94M | -98.04M | -198.3M | 32.06M | 45.25M | -24.64M | 211.19M | 463.8M | 623.07M | 693.04M | 927.58M | 797.09M | 228.09M | 421.72M | 292.42M |
| Operating Margin % | -564.37% | -9.42% | -9.48% | -152.05% | -92.04% | -154.04% | -49.39% | -90.27% | 7.73% | 9.42% | -5.08% | 33.53% | 65.34% | 72.09% | 56.82% | 74.56% | 62.17% | 57.67% | 71.99% | 66.25% |
| Operating Income Growth % | -32.23% | 93.06% | 76.31% | 42.14% | -455.73% | -765.04% | -297.86% | -193.89% | -93.09% | -92.74% | -103.56% | -77.23% | -41.81% | 173.16% | 64.34% | 217.21% | 634.62% | 132.8% | 1165.27% | 2619.39% |
| EBITDA | -150.81M | 39.71M | 37.45M | -54.26M | -61.91M | -240.2M | -98.04M | -153.39M | 78.65M | 91.02M | 20.13M | 246.64M | 490.2M | 647.43M | 719.65M | 955.35M | 825.49M | 247.83M | 441.11M | 311.74M |
| EBITDA Margin % | -564.37% | 17.91% | 15.29% | -71.91% | -49.96% | -122.95% | -49.39% | -69.83% | 18.97% | 18.95% | 4.15% | 39.16% | 69.06% | 74.91% | 59% | 76.79% | 64.39% | 62.66% | 75.3% | 70.63% |
| EBITDA Growth % | -143.61% | 116.53% | 138.2% | 64.63% | -178.71% | -363.9% | -587.16% | -162.19% | -83.95% | -85.94% | -97.2% | -74.18% | -40.62% | 161.24% | 63.15% | 206.46% | 548.04% | 152.46% | 1215.56% | 2703.15% |
| D&A (Non-Cash Add-back) | 0 | 60.59M | 60.68M | 60.46M | 52.15M | 60.74M | 0 | 44.91M | 46.59M | 45.77M | 44.77M | 35.45M | 26.4M | 24.36M | 26.61M | 27.77M | 28.4M | 19.74M | 19.39M | 19.32M |
| EBIT | -150.81M | -13.41M | -11.9M | -107.19M | -114.05M | -125.31M | -98.04M | -180.94M | 42.44M | 97.18M | 39.28M | 204.69M | 463.8M | 623.07M | 693.04M | 927.62M | 799.53M | 231.41M | 421.72M | 292.42M |
| Net Interest Income | 2.52M | 7.51M | 8.43M | 8.2M | 9.02M | 10.4M | 1.6M | 8.73M | 12.27M | 13.77M | 0 | 12.75M | 11.95M | 12.03M | -7.2M | -3.68M | -1.47M | -2M | -4.51M | -6.43M |
| Interest Income | 2.52M | 7.51M | 8.43M | 8.2M | 9.02M | 10.4M | 1.6M | 15.88M | 12.27M | 14.03M | 0 | 12.75M | 11.95M | 12.03M | 393K | 0 | 0 | 0 | 1.91M | 793K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.15M | 0 | 252K | 0 | 0 | 0 | 0 | 7.59M | 3.68M | 1.47M | 2M | 6.42M | 7.22M |
| Other Income/Expense | 7.5M | 7.48M | 11.32M | 7.53M | 9.05M | 10.45M | 9.11M | 17.36M | 10.38M | 51.93M | 63.93M | -6.5M | 11.96M | -28.24M | 7.98M | -3.64M | 966.33K | 1.31M | -3.81M | -6.43M |
| Pretax Income | -143.31M | -13.41M | -11.9M | -107.19M | -105.01M | -290.49M | -88.94M | -180.94M | 42.44M | 97.18M | 39.28M | 204.69M | 475.76M | 594.83M | 701.02M | 923.94M | 798.06M | 229.41M | 417.9M | 285.99M |
| Pretax Margin % | -536.3% | -6.05% | -4.86% | -142.06% | -84.74% | -148.69% | -44.81% | -82.37% | 10.24% | 20.23% | 8.1% | 32.5% | 67.02% | 68.83% | 57.48% | 74.27% | 62.25% | 58% | 71.34% | 64.8% |
| Income Tax | -21.64M | -3.56M | 2.96M | -8.2M | -12.29M | -48.97M | -12.01M | -23.26M | 14.33M | 26.92M | 21.44M | 44.25M | 81.07M | 108.54M | 155.2M | 143.46M | 130.09M | 43.1M | 62.14M | 43.08M |
| Effective Tax Rate % | 15.1% | 26.56% | -24.89% | 7.65% | 11.71% | 16.86% | 13.5% | 12.85% | 33.77% | 27.7% | 54.58% | 21.62% | 17.04% | 18.25% | 22.14% | 15.53% | 16.3% | 18.79% | 14.87% | 15.06% |
| Net Income | -88.38M | -7.28M | -14.94M | -76.75M | -71.84M | -180.18M | -60.72M | -119.64M | 15.45M | 45.26M | -6.31M | 102.61M | 278.8M | 332.73M | 323.41M | 627.82M | 536.58M | 141.28M | 292.33M | 232.1M |
| Net Margin % | -330.72% | -3.28% | -6.1% | -101.71% | -57.97% | -92.23% | -30.59% | -54.47% | 3.73% | 9.42% | -1.3% | 16.29% | 39.28% | 38.5% | 26.52% | 50.46% | 41.85% | 35.72% | 49.9% | 52.59% |
| Net Income Growth % | -23.02% | 95.96% | 75.4% | 35.85% | -565.03% | -498.15% | -861.98% | -216.6% | -94.46% | -86.4% | -101.95% | -83.66% | -48.04% | 135.52% | 10.63% | 170.49% | 546.03% | 93.99% | 1308.34% | 9639.82% |
| Net Income (Continuing) | -121.67M | -9.86M | -14.86M | -98.99M | -92.73M | -241.51M | -76.93M | -157.68M | 28.11M | 70.26M | 17.84M | 160.44M | 394.69M | 486.29M | 545.82M | 780.48M | 667.97M | 186.31M | 355.77M | 242.9M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.5B | 1.51B | 1.49B | 1.48B | 1.48B | 1.5B | 1.62B | 1.59B | 1.67B | 1.69B | 1.61B | 1.58B | 1.92B | 1.8B | 1.59B | 1.46B | 634.32M | 501.87M | 456.14M | 46.89M |
| EPS (Diluted) | -1.30 | -0.11 | -0.22 | -1.15 | -1.09 | -2.71 | -0.90 | -1.80 | 0.24 | 0.65 | -0.09 | 1.35 | 3.55 | 4.00 | 4.20 | 8.20 | 7.00 | 1.85 | 3.80 | 3.05 |
| EPS Growth % | -19.27% | 95.94% | 75.56% | 36.11% | -554.17% | -516.92% | -952.63% | -233.33% | -93.24% | -83.75% | -102.04% | -83.54% | -49.29% | 116.22% | 10.53% | 168.85% | 536.36% | 94.74% | 1307.41% | 10066.67% |
| EPS (Basic) | -1.30 | -0.11 | -0.22 | -1.15 | -1.09 | -2.71 | -0.90 | -1.80 | 0.24 | 0.65 | -0.09 | 1.35 | 3.55 | 4.25 | 4.30 | 8.35 | 7.15 | 1.90 | 3.95 | 3.15 |
| Diluted Shares Outstanding | 67.67M | 67.55M | 67.55M | 67.24M | 66.16M | 66.61M | 66.31M | 66M | 65.72M | 69.91M | 74.04M | 77.03M | 78.84M | 83.43M | 76.66M | 76.76M | 76.63M | 76.71M | 76.68M | 76.69M |
| Basic Shares Outstanding | 67.67M | 67.55M | 67.55M | 67.24M | 66.13M | 66.49M | 66.31M | 66M | 65.7M | 69.86M | 74.04M | 76.76M | 78.3M | 78.2M | 75.59M | 75.12M | 74.71M | 74.38M | 74.05M | 73.71M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |