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Canadian Solar Inc (CSIQ) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOLAR · DATA UPDATED 2026-09-18

Canadian Solar Inc (CSIQ) operates in the SOLAR industry and is headquartered in Kitchener, Canada with about 12,587 employees. Its market capitalization is roughly $774 million. In the fiscal year ended 2025-12-31, CSIQ reported $5.6B in revenue and ($104M) in net income.

Canadian Solar Inc., together with its subsidiaries, provides solar energy and battery energy storage products and solutions in Asia, the United States, Europe, and internationally. It operates through two segments, Manufacturing and Recurrent Energy.

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CSIQ Revenue & Earnings History — Annual Income Statement

Income statement	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Revenue	$5.0B	$5.6B	$6.0B	$7.6B	$7.5B	$5.3B	$3.5B	$3.2B	$3.7B	$3.4B	$2.9B	$3.5B	$3.0B	$1.7B	$1.3B	$1.9B	$1.5B	$631M	$705M	$303M	$68M
Gross Profit	$820M	$1.0B	$999M	$1.3B	$1.3B	$909M	$690M	$718M	$775M	$638M	$417M	$577M	$581M	$276M	$90M	$182M	$229M	$78M	$71M	$24M	$12M
Gross Margin %	16.4%	18.3%	16.7%	16.8%	16.9%	17.2%	19.9%	22.4%	20.7%	18.8%	14.6%	16.6%	19.6%	16.7%	7.0%	9.6%	15.3%	12.4%	10.1%	7.8%	18.1%
Operating Income (EBIT)	($28M)	$43M	($30M)	$453M	$356M	$190M	$220M	$259M	$365M	$269M	$93M	$247M	$366M	$131M	($143M)	$7M	$120M	$7M	$24M	($2M)	$1M
Operating Margin %	-0.5%	0.8%	-0.5%	5.9%	4.8%	3.6%	6.3%	8.1%	9.7%	7.9%	3.3%	7.1%	12.4%	7.9%	-11.0%	0.4%	8.0%	1.0%	3.4%	-0.7%	1.6%
Net Income	($186M)	($104M)	$36M	$274M	$240M	$95M	$147M	$172M	$237M	$100M	$65M	$172M	$240M	$32M	($195M)	($91M)	$51M	$23M	($9M)	$0M	($9M)
Net Margin %	-3.7%	-1.9%	0.6%	3.6%	3.2%	1.8%	4.2%	5.4%	6.3%	2.9%	2.3%	5.0%	8.1%	1.9%	-15.1%	-4.8%	3.4%	3.6%	-1.3%	-0.1%	-13.8%
EBITDA	$84M	$592M	$557M	$830M	$675M	$479M	$424M	$440M	$534M	$352M	$253M	$372M	$452M	$183M	($64M)	$26M	$121M	$27M	$21M	$4M	$2M
Earnings Per Share (EPS)	$-2.75	$-1.55	$0.54	$3.80	$3.37	$1.38	$2.35	$2.82	$3.81	$1.62	$1.12	$2.84	$4.04	$0.63	$-4.53	$-2.11	$1.16	$0.60	$-0.30	$-0.01	$-0.50
Shares Outstanding (M)	68M	67M	67M	72M	71M	69M	62M	61M	62M	62M	58M	60M	59M	50M	43M	43M	44M	38M	32M	27M	19M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CSIQ Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	$1.2B	$1.1B	$1.2B	$1.5B	$1.7B	$1.2B	$1.5B	$1.5B
Gross Profit	$168M	$271M	$124M	$256M	$505M	$140M	$217M	$247M
Gross Margin %	14.0%	25.1%	10.2%	17.2%	29.8%	11.7%	14.3%	16.4%
Operating Income (EBIT)	($71M)	$73M	($64M)	$35M	$127M	($55M)	($165M)	$0M
Operating Margin %	-5.9%	6.8%	-5.3%	2.3%	7.5%	-4.6%	-10.8%	0.0%
Net Income	($77M)	($32M)	($86M)	$9M	$7M	($34M)	$34M	($14M)
Net Margin %	-6.4%	-3.0%	-7.1%	0.6%	0.4%	-2.8%	2.2%	-0.9%
EBITDA	$57M	$61M	($70M)	$37M	$272M	($55M)	($112M)	$14M
Earnings Per Share (EPS)	$-1.13	$-0.47	$-1.28	$0.13	$0.11	$-0.51	$0.46	$-0.21
Shares Outstanding (M)	68M	68M	68M	68M	67M	67M	73M	67M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CSIQ Free Cash Flow History

Cash flow	TTM → 2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Cash from Operations (CFO)	($568M)	($253M)	($885M)	$685M	$917M	($408M)	($121M)	$600M	$216M	$204M	($278M)	$414M	$265M	$230M	($148M)	$60M	($58M)	$51M	$3M	($80M)	($46M)
Capital Expenditures (CapEx)	$1.0B	$1.4B	$1.9B	$1.5B	$628M	$430M	$335M	$291M	$316M	$311M	$1.1B	$643M	$65M	$23M	$60M	$205M	$134M	$72M	$105M	$42M	$7M
Free Cash Flow (FCF)	($1.6B)	($1.6B)	($2.8B)	($841M)	$289M	($838M)	($455M)	$309M	($100M)	($107M)	($1.4B)	($229M)	$200M	$206M	($208M)	($145M)	($193M)	($21M)	($102M)	($122M)	($53M)
FCF Margin %	-31.6%	-29.4%	-46.0%	-11.0%	3.9%	-15.9%	-13.1%	9.7%	-2.7%	-3.1%	-48.7%	-6.6%	6.8%	12.5%	-16.1%	-7.6%	-12.9%	-3.4%	-14.4%	-40.4%	-78.3%
Dividends Paid	—	—	—	—	—	$0M	$37M	$1M	$3M	$10M	$10M	$0M	$0M	—	—	—	—	—	—	—	—

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CSIQ Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Cash from Operations (CFO)	($181M)	($209M)	($67M)	($112M)	$189M	($264M)	$69M	($231M)
Capital Expenditures (CapEx)	$194M	$193M	$329M	$294M	$392M	$385M	$535M	$485M
Free Cash Flow (FCF)	($375M)	($402M)	($396M)	($407M)	($204M)	($649M)	($466M)	($716M)
FCF Margin %	-31.1%	-37.3%	-32.5%	-27.3%	-12.0%	-54.3%	-30.6%	-47.5%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

CSIQ Balance Sheet History

Balance sheet	2026-06-30	2025-12-31	2024-12-31	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31	2011-12-31	2010-12-31	2009-12-31	2008-12-31	2007-12-31	2006-12-31
Total Assets	$16.1B	$15.2B	$13.5B	$11.9B	$9.0B	$7.4B	$6.5B	$5.5B	$4.9B	$5.9B	$5.4B	$4.4B	$3.1B	$2.5B	$2.3B	$1.9B	$1.4B	$1.0B	$571M	$285M	$130M
Cash & Cash Equivalents	$1.5B	$1.9B	$2.3B	$1.9B	$981M	$870M	$1.6B	$1.2B	$444M	$562M	$511M	$553M	$550M	$228M	$142M	$344M	$289M	$160M	$116M	$38M	$41M
Total Liabilities	$11.9B	$10.9B	$9.4B	$8.2B	$6.7B	$5.3B	$4.6B	$4.0B	$3.6B	$4.8B	$4.5B	$3.6B	$2.3B	$2.1B	$2.0B	$1.4B	$888M	$573M	$239M	$158M	$17M
Total Debt (Short + Long-Term)	$7.0B	$7.3B	$5.9B	$4.4B	$4.0B	$3.2B	$2.8B	$2.4B	$2.2B	$2.5B	$3.1B	$1.9B	$1.0B	$1.3B	$1.3B	$833M	$591M	$282M	$157M	$133M	$3M
Total Shareholders' Equity	$2.8B	$2.8B	$2.8B	$2.6B	$1.9B	$1.8B	$1.6B	$1.4B	$1.2B	$1.0B	$885M	$819M	$717M	$391M	$291M	$466M	$534M	$466M	$332M	$126M	$113M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive CSIQ viewer.

Other Companies in SOLAR

NXT · Nextracker Inc. Class A Common Stock — $12 billion
ENPH · Enphase Energy Inc — $5 billion
SEDG · SolarEdge Technologies Inc — $2 billion
SHLS · Shoals Technologies Group Inc — $1 billion

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