NASDAQ · CSIQ
Canadian Solar Inc. Common Shares (ON) financials
$11.55+10.84%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.60B | $5.99B | $7.61B | $7.47B | $5.28B | $3.48B | $3.20B | $3.74B | $3.39B | $2.85B |
| Gross profit | $1.03B | $999.3M | $1.28B | $1.26B | $909.3M | $689.9M | $718.5M | $775.1M | $637.6M | $417.2M |
| Gross margin | 18.3% | 16.7% | 16.8% | 16.9% | 17.2% | 19.8% | 22.4% | 20.7% | 18.8% | 14.6% |
| Operating income | -$28.9M | -$124.6M | $369.0M | $356.1M | $190.4M | $220.4M | $258.9M | $364.7M | $269.3M | $93.2M |
| Net income | -$168.6M | $36.1M | $279.5M | $240.0M | $95.2M | $146.7M | $171.6M | $237.1M | $99.6M | $65.2M |
| Net margin | −3.0% | 0.6% | 3.7% | 3.2% | 1.8% | 4.2% | 5.4% | 6.3% | 2.9% | 2.3% |
| Diluted EPS | $-2.50 | $0.54 | $3.87 | $3.44 | $1.46 | $2.38 | $2.83 | $3.88 | $1.69 | $1.12 |
| EBITDA | $526.2M | $376.8M | $676.0M | $590.6M | $473.1M | $429.5M | $418.6M | $493.9M | $368.6M | $189.0M |
| Operating cash flow | -$252.7M | -$885.3M | $684.6M | $916.6M | -$408.3M | -$120.5M | $600.1M | $216.3M | $203.9M | -$278.1M |
| Free cash flow | -$1.21B | -$2.00B | -$431.8M | $288.6M | -$837.8M | -$455.5M | $308.9M | -$100.0M | -$106.8M | -$1.39B |
| Diluted shares | 67.4M | 66.9M | 72.2M | 71.2M | 68.9M | 62.3M | 60.8M | 62.3M | 61.5M | 58.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.37B | $1.70B | $1.94B | $981.4M | $869.8M | $1.18B |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $7.30B | $5.62B | $4.34B | $4.01B | $3.28B | $2.86B |
| Total assets | $15.17B | $13.51B | $11.90B | $9.04B | $7.39B | $6.54B |
| Total liabilities | $10.90B | $9.36B | $8.19B | $6.73B | $5.26B | $4.64B |
| Shareholders' equity | $3.94B | $3.90B | $3.71B | $2.31B | $2.13B | $1.89B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology