Financials in USD. Standardized financial statements.
A compact view of how Daqo New Energy Corp. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $665.41M | $1.03B | $2.31B | $4.61B | $1.68B | $675.60M | $349.99M | $301.60M | $352.85M | $229.10M |
| Revenue Growth? | -35.3% | -55.4% | -49.9% | +174.5% | +148.5% | +93.0% | +16.0% | -14.5% | +54.0% | 0.0% |
| Cost of Revenue? | $803.27M | $1.24B | $1.39B | $1.20B | $581.59M | $441.61M | $269.89M | $203.49M | $209.38M | $148.67M |
| Gross Profit? | -$137.85M | -$212.93M | $920.65M | $3.41B | $1.10B | $233.99M | $80.10M | $98.11M | $143.47M | $80.43M |
| Gross Margin? | -20.7% | -20.7% | +39.9% | +74.0% | +65.4% | +34.6% | +22.9% | +32.5% | +40.7% | +35.1% |
| Operating Expenses? | $132.38M | $351.16M | $137.22M | $367.30M | $45.79M | $46.14M | $32.62M | $16.64M | $11.78M | $14.78M |
| Operating Income? | -$270.24M | -$564.09M | $783.43M | $3.04B | $1.05B | $187.85M | $47.48M | $81.48M | $128.71M | $65.45M |
| EBITDA? | -$30.11M | -$179.88M | $932.32M | $3.15B | $1.13B | $256.54M | $94.91M | $107.17M | $156.13M | $86.36M |
| Income Before Tax | -$237.12M | -$518.06M | $818.47M | $3.02B | $1.03B | $162.13M | $37.89M | $73.79M | $111.19M | $51.28M |
| Income Tax Expense | -$21.09M | -$69.91M | $165.59M | $537.11M | $162.81M | $28.18M | $9.62M | $11.72M | $17.33M | $7.36M |
| Net Income? | -$170.51M | -$345.21M | $429.55M | $1.82B | $748.92M | $129.19M | $29.52M | $38.13M | $92.84M | $43.49M |
| EPS? | $-2.55 | $-5.20 | $5.75 | $24.00 | $10.15 | $1.80 | $0.43 | $0.60 | $1.75 | $0.85 |
| Diluted EPS? | $-2.55 | $-5.20 | $5.75 | $23.55 | $9.75 | $1.70 | $0.42 | $0.60 | $1.70 | $0.80 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality