Canadian Solar Inc. (CSIQ) — Financial statements
Income statement, balance sheet, and cash flow for Canadian Solar Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 5,595↓6.6% | 5,993↓21.3% | 7,614↑1.9% | 7,469↑41.5% | 5,277 | |
| Cost of Revenue | 4,569↓8.5% | 4,994↓21.1% | 6,334↑2.1% | 6,205↑42.1% | 4,368 | |
| Gross Profit | 1,026↑2.7% | 999↓21.9% | 1,280↑1.3% | 1,263↑38.9% | 909 | |
| Operating Expenses | ||||||
| R&D Expenses | 91↓24.9% | 121↑19.8% | 101↑44.4% | 70↑19.5% | 58 | |
| General & Administrative Expenses | 0.00↓100.0% | 515↑17.0% | 440↑28.7% | 342↑10.7% | 309 | |
| Selling & Marketing Expenses | 0.00↓100.0% | 488↑32.0% | 370↓33.9% | 559↑40.2% | 399 | |
| SG&A Expenses | 964↓3.9% | 1,003↑23.8% | 810↓10.1% | 901↑27.3% | 708 | |
| Other Expenses | 0.00↑100.0% | -95↓12.1% | -84↓32.2% | -64↓35.6% | -47 | |
| Operating Expenses | 1,055↑2.5% | 1,029↑24.5% | 827↓8.9% | 907↑26.2% | 719 | |
| Total Costs & Expenses | 5,624↓6.6% | 6,023↓15.9% | 7,160↑0.7% | 7,113↑39.8% | 5,087 | |
| Operating Results | ||||||
| Operating Income | -29↑4.1% | -30↓106.6% | 453↑27.3% | 356↑87.0% | 190 | |
| Depreciation & Amortization | 0.00↓100.0% | 501↑63.3% | 307↑25.6% | 244↓13.6% | 283 | |
| EBITDA | -29↓105.2% | 557↓32.9% | 830↑22.9% | 675↑40.8% | 479 | |
| EBIT | -29↓152.3% | 55↓89.4% | 523↑21.3% | 431↑119.1% | 197 | |
| Interest & Other Income | ||||||
| Net Interest Income | -125↓154.5% | -49↑21.6% | -62↓85.7% | -34↑28.6% | -47 | |
| Interest Income | 53↓39.6% | 88↑71.4% | 52↑27.1% | 41↑267.5% | 11 | |
| Interest Expense | 178↑29.6% | 137↑20.5% | 114↑53.6% | 74↑27.7% | 58 | |
| Non-Operating Income | 0.00↑100.0% | -85↓23.0% | -69↑7.2% | -75↓1097.5% | -6 | |
| Other Income / Expenses | -141↓118.7% | -64↓113.2% | -30↓290.5% | 16↑135.5% | -45 | |
| Income Before Tax | -170↓79.6% | -94↓122.3% | 423↑13.8% | 372↑155.2% | 146 | |
| Income Tax Expense | 14↑185.4% | -17↓127.9% | 60↓18.9% | 73↑104.6% | 36 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -184↓136.0% | -78↓121.4% | 364↑21.8% | 299↑171.7% | 110 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -104↓388.8% | 36↓86.9% | 274↑14.3% | 240↑151.9% | 95 | |
| Bottom-Line Net Income | -104↓388.8% | 36↓87.1% | 279↑14.0% | 245↑143.8% | 101 | |
| EPS (Basic) | -1.55↓387.0% | 0.54↓87.4% | 4.27↑14.5% | 3.73↑140.6% | 1.55 | |
| EPS (Diluted) | -1.55↓387.0% | 0.54↓86.0% | 3.87↑12.5% | 3.44↑135.6% | 1.46 | |
| Weighted Average Shares | 67↑1.1% | 67↑1.9% | 65↑1.6% | 64↑4.4% | 62 | |
| Weighted Average Diluted Shares | 67↑0.6% | 67↓7.3% | 72↑1.4% | 71↑3.4% | 69 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.