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Daqo New Energy Corp. (DQ)

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SEC name DAQO NEW ENERGY CORP. · CIK 0001477641 · NYSE · Semiconductors & Related Devices

  • Sector Manufacturing
  • Fiscal year ends Dec 31

For the year ended 2025-12-31, Daqo New Energy Corp. reported revenue of $665.41M. Revenue fell 35.3% from the prior annual period.

Key ratios (year ended 2025-12-31)

-20.7%
Gross margin
-40.6%
Operating margin
-25.6%
Net margin
-2.9%
Return on year-end equity
-35.3%
Revenue growth (YoY)

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Latest selected filing: Form 6-K (current report) · 2026-10-13

Annual financials

Annual flows and balances are grouped by their actual period end. Select a figure to open its SEC filing. n/a means a matching observation is unavailable. Free cash flow is operating cash flow minus capital expenditures, and EBITDA is operating income plus depreciation and amortization, for the same period, computed by TickerFacts.

Period ended2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Revenue$665.41M$1.03B$2.31B$4.61B$1.68B$675.60M$349.99M$301.60M$323.20M$196.22M
Cost of Revenue$803.27M$1.24B$1.39B$1.20B$581.59M$441.61M$269.89M$203.49M$179.15M$118.41M
Gross Profit-$137.85M-$212.93M$920.65M$3.41B$1.10B$233.99M$80.10M$98.11M$144.05M$77.81M
R&D Expense$2.58M$4.56M$10.12M$10.04M$6.50M$6.86M$5.71M$2.74M$676.3K$3.88M
Operating Income-$270.24M-$564.09M$783.43M$3.04B$1.05B$187.85M$47.48M$81.20M$130.81M$61.14M
Net Income-$170.51M-$345.21M$429.55M$1.82B$748.92M$129.19M$29.52M$38.12M$92.84M$43.49M
EPS (Diluted)-$0.51-$1.04$1.15$4.67$1.95$0.34$0.08$0.12$0.34$0.16
Total Assets$6.45B$6.42B$7.43B$7.59B$3.34B$1.24B$1.20B$854.93M$748.78M$656.71M
Total Liabilities$533.01M$560.38M$978.58M$989.49M$679.82M$440.23M$634.20M$329.80M$354.25M$384.98M
Long-Term Debtn/an/an/an/an/a$178.3K$201.07M$137.38M$144.49M$162.35M
Shareholders' Equity$5.92B$5.86B$6.45B$6.60B$2.66B$798.91M$567.16M$525.13M$394.53M$271.73M
Cash & Equivalents$856.05M$1.01B$3.04B$3.50B$723.77M$76.60M$52.69M$66.40M$60.68M$15.99M
Operating Cash Flow$49.67M-$435.42M$1.62B$2.46B$638.99M$209.70M$180.99M$95.55M$142.70M$98.67M
Capital Expenditures$173.01M$358.83M$1.11B$1.21B$498.50M$118.29M$279.04M$143.06M$64.08M$66.50M
Free Cash Flow-$123.34M-$794.25M$505.30M$1.26B$140.48M$91.41M-$98.05M-$47.51M$78.62M$32.17M
Share Repurchasesn/a$5.00M$485.93M$124.93Mn/an/an/an/an/an/a
Shares Outstanding338.33M333.76M328.51M391.02M372.53M365.24M347.42M332.03M270.92M262.96M
Weighted Average Diluted Shares336.76M330.80M374.82M386.46M383.77M375.02M349.96M325.51M272.93M264.82M
EPS (Basic)-$0.51-$1.04$1.15$4.80$2.03$0.36$0.09$0.12$0.35$0.17

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