CSIQ
Canadian Solar Inc
NASDAQ: CSIQ · TECHNOLOGY · SOLAR
$14.72
-0.88% today
Updated 2026-04-29
Market cap
$998.26M
P/E ratio
—
P/S ratio
0.18x
EPS (TTM)
$-2.50
Dividend yield
—
52W range
$9 – $35
Volume
2.4M
Canadian Solar Inc (CSIQ) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $68.21M | $302.80M | $705.01M | $630.96M | $1.50B | $1.90B | $1.29B | $1.65B | $2.96B | $3.47B | $2.85B | $3.39B | $3.74B | $3.20B | $3.48B | $5.28B | $7.47B | $7.61B | $5.99B | $5.60B |
| Revenue growth (YoY) | — | +343.9% | +132.8% | -10.5% | +137.0% | +27.0% | -31.8% | +27.8% | +79.0% | +17.1% | -17.7% | +18.8% | +10.4% | -14.5% | +8.6% | +51.8% | +41.5% | +1.9% | -21.3% | -6.6% |
| Cost of revenue | $55.87M | $279.02M | $634.00M | $552.86M | $1.27B | $1.72B | $1.20B | $1.38B | $2.38B | $2.89B | $2.44B | $2.75B | $2.97B | $2.48B | $2.79B | $4.37B | $6.21B | $6.33B | $4.99B | $4.57B |
| Gross profit | $12.34M | $23.78M | $71.01M | $78.11M | $228.77M | $182.28M | $90.36M | $275.69M | $580.99M | $576.77M | $417.19M | $637.60M | $775.08M | $718.50M | $689.91M | $909.31M | $1.26B | $1.28B | $999.32M | $1.03B |
| Gross margin | 18.1% | 7.9% | 10.1% | 12.4% | 15.3% | 9.6% | 7.0% | 16.7% | 19.6% | 16.6% | 14.6% | 18.8% | 20.7% | 22.4% | 19.8% | 17.2% | 16.9% | 16.8% | 16.7% | 18.3% |
| R&D | $397859.00 | $997832.00 | $1.82M | $3.18M | $6.84M | $19.84M | $13.00M | $11.69M | $12.06M | $17.06M | $17.41M | $28.78M | $44.19M | $47.05M | $45.17M | $58.41M | $69.82M | $100.84M | $120.79M | $90.69M |
| SG&A | $5.90B | $7.92M | $34.51M | $46.32M | $54.52M | $86.27M | $128.83M | $44.77M | $76.83M | $162.63M | $203.79M | $231.00M | $245.38M | $242.78M | $225.60M | $308.94M | $342.13M | $440.49M | $515.20M | $964.40M |
| Operating income | $1.11M | $-1.96M | $24.07M | $6.51M | $120.30M | $6.84M | $-142.52M | $130.82M | $366.31M | $247.37M | $93.16M | $269.35M | $364.66M | $258.88M | $220.43M | $190.38M | $356.06M | $453.32M | $-30.08M | $-28.86M |
| Operating margin | 1.6% | -0.6% | 3.4% | 1.0% | 8.0% | 0.4% | -11.0% | 7.9% | 12.4% | 7.1% | 3.3% | 7.9% | 9.7% | 8.1% | 6.3% | 3.6% | 4.8% | 6.0% | -0.5% | -0.5% |
| EBITDA | $2.02M | $3.67M | $21.08M | $27.02M | $121.01M | $25.60M | $-63.92M | $183.33M | $452.36M | $371.84M | $253.23M | $351.77M | $533.78M | $439.62M | $423.51M | $479.39M | $675.15M | $829.66M | $556.61M | $-28.86M |
| EBITDA margin | 3.0% | 1.2% | 3.0% | 4.3% | 8.1% | 1.3% | -4.9% | 11.1% | 15.3% | 10.7% | 8.9% | 10.4% | 14.3% | 13.7% | 12.2% | 9.1% | 9.0% | 10.9% | 9.3% | -0.5% |
| EBIT | $1.11M | $1.97M | $11.79M | $6.51M | $89.75M | $-30.52M | $-145.31M | $102.51M | $369.74M | $277.62M | $157.38M | $252.49M | $404.52M | $261.00M | $206.36M | $196.62M | $430.73M | $522.62M | $55.17M | — |
| Interest expense | $2.19M | $2.37M | $11.27M | $0.00 | $22.16M | $43.84M | $53.30M | $46.24M | $48.91M | $54.15M | $69.72M | $117.97M | $106.03M | $81.33M | $71.87M | $58.15M | $74.27M | $114.10M | $137.47M | $178.17M |
| Income tax | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $-9.43M | $-209676.00 | $-9.39M | $22.65M | $50.57M | $-90.81M | $-195.47M | $31.66M | $239.50M | $171.86M | $65.25M | $99.57M | $237.07M | $171.59M | $146.70M | $95.25M | $239.97M | $274.19M | $36.05M | $-104.13M |
| Net income growth (YoY) | — | +97.8% | -4377.5% | +341.2% | +123.3% | -279.6% | -115.3% | +116.2% | +656.5% | -28.2% | -62.0% | +52.6% | +138.1% | -27.6% | -14.5% | -35.1% | +151.9% | +14.3% | -86.9% | -388.8% |
| Profit margin | -13.8% | -0.1% | -1.3% | 3.6% | 3.4% | -4.8% | -15.1% | 1.9% | 8.1% | 5.0% | 2.3% | 2.9% | 6.3% | 5.4% | 4.2% | 1.8% | 3.2% | 3.6% | 0.6% | -1.9% |