Daqo New Energy Corp. (DQ) — Financial statements
Income statement, balance sheet, and cash flow for Daqo New Energy Corp. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 665↓35.3% | 1,029↓55.4% | 2,308↓49.9% | 4,608↑174.5% | 1,679 | |
| Cost of Revenue | 803↓35.3% | 1,242↓10.5% | 1,387↑15.5% | 1,200↑106.4% | 582 | |
| Gross Profit | -138↑35.3% | -213↓123.1% | 921↓73.0% | 3,408↑210.6% | 1,097 | |
| Operating Expenses | ||||||
| R&D Expenses | 3↓43.3% | 5↓54.9% | 10↑0.7% | 10↑54.6% | 6 | |
| General & Administrative Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 138↓14.7% | 161↓24.4% | 213↓39.8% | 354↑787.3% | 40 | |
| Other Expenses | -8↓104.2% | 185↑315.3% | -86↓2807.9% | 3↑622.3% | -0.61 | |
| Operating Expenses | 132↓62.3% | 351↑155.9% | 137↓62.6% | 367↑702.1% | 46 | |
| Total Costs & Expenses | 936↓41.3% | 1,593↑4.5% | 1,524↓2.8% | 1,568↑149.9% | 627 | |
| Operating Results | ||||||
| Operating Income | -270↑52.1% | -564↓172.0% | 783↓74.2% | 3,041↑189.2% | 1,051 | |
| Depreciation & Amortization | 240↑15.1% | 209↑40.1% | 149↑39.0% | 107↑38.4% | 77 | |
| EBITDA | -30↑83.3% | -180↓119.3% | 932↓70.4% | 3,148↑178.9% | 1,129 | |
| EBIT | -270↑30.4% | -388↓149.6% | 783↓74.2% | 3,041↑189.2% | 1,051 | |
| Interest & Other Income | ||||||
| Net Interest Income | 33↑9.5% | 30↓42.2% | 52↑261.4% | 14↑170.7% | -20 | |
| Interest Income | 33↑9.8% | 30↓42.2% | 52↑261.4% | 14 | 0.00 | |
| Interest Expense | 0.00 | 0.00 | 0.00 | 0.00↓100.0% | 20 | |
| Non-Operating Income | 0.00↑100.0% | -176 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 33↓28.1% | 46↑31.4% | 35↑246.8% | -24↓0.5% | -24 | |
| Income Before Tax | -237↑54.2% | -518↓163.3% | 818↓72.9% | 3,017↑193.6% | 1,028 | |
| Income Tax Expense | -21↑69.8% | -70↓142.2% | 166↓69.2% | 537↑229.9% | 163 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -216↑51.8% | -448↓168.6% | 653↓73.7% | 2,480↑186.7% | 865 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -171↑50.6% | -345↓180.4% | 430↓76.4% | 1,820↑143.0% | 749 | |
| Bottom-Line Net Income | -171↑50.6% | -345↓180.4% | 429↓76.2% | 1,804↑140.9% | 749 | |
| EPS (Basic) | -2.55↑51.0% | -5.20↓190.4% | 5.75↓76.0% | 24.00↑136.5% | 10.15 | |
| EPS (Diluted) | -2.55↑51.0% | -5.20↓190.4% | 5.75↓75.6% | 23.55↑141.5% | 9.75 | |
| Weighted Average Shares | 68↑2.1% | 66↓11.5% | 75↓1.5% | 76↑2.7% | 74 | |
| Weighted Average Diluted Shares | 68↑2.1% | 66↓11.7% | 75↓3.0% | 77↑0.7% | 77 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.