NYSE · DQ
Daqo New Energy financials
$11.34+4.04%
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 | $665.4M | $1.03B | $2.31B | $4.61B | $1.68B | $675.6M | $350.0M | $301.6M | $323.2M | $196.2M |
| Gross profit | -$137.9M | -$212.9M | $920.6M | $3.41B | $1.10B | $234.0M | $80.1M | $98.1M | $144.0M | $77.8M |
| Gross margin | −20.7% | −20.7% | 39.9% | 74.0% | 65.4% | 34.6% | 22.9% | 32.5% | 44.6% | 39.7% |
| Operating income | -$270.2M | -$564.1M | $783.4M | $3.04B | $1.05B | $187.7M | $41.9M | $81.2M | $127.3M | $61.1M |
| Net income | -$170.5M | -$345.2M | $429.5M | $1.82B | $748.9M | $129.2M | $29.5M | $38.1M | $92.8M | $43.5M |
| Net margin | −25.6% | −33.5% | 18.6% | 39.5% | 44.6% | 19.1% | 8.4% | 12.6% | 28.7% | 22.2% |
| Diluted EPS | $-0.51 | $-1.04 | $1.15 | $4.67 | $1.95 | $0.34 | $0.08 | $0.12 | $0.07 | $0.03 |
| EBITDA | -$33.6M | -$182.1M | $932.3M | $3.16B | $1.13B | $256.4M | $89.3M | $81.2M | $155.1M | $83.8M |
| Operating cash flow | $49.7M | -$435.4M | $1.62B | $2.46B | $639.0M | $209.7M | $181.0M | $95.6M | $142.7M | $98.7M |
| Free cash flow | -$123.3M | -$794.3M | $505.3M | $1.26B | $140.5M | $91.4M | -$98.1M | -$47.5M | $78.6M | $32.2M |
| Diluted shares | 336.8M | 330.8M | 374.8M | 386.5M | 383.8M | 375.0M | 350.0M | 325.5M | 1,364.6M | 1,324.1M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $856.1M | $1.01B | $3.04B | $3.50B | $723.8M | $76.6M |
| Short-term investments | $1.09B | $1.10B | $0.00 | $13.9M | $280.3M | $0.00 |
| Total debt | $103.0M | $6.8M | $0.00 | $20.7M | $0.00 | $243.0M |
| Total assets | $6.45B | $6.42B | $7.43B | $7.59B | $3.34B | $1.24B |
| Total liabilities | $533.0M | $560.4M | $978.6M | $989.5M | $679.8M | $440.2M |
| Shareholders' equity | $5.92B | $5.86B | $6.45B | $6.60B | $2.66B | $798.9M |
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