Canadian Solar Inc.CSIQEarnings & Financial Report
Canadian Solar Inc. is a global renewable energy company. Headquartered in Kitchener, Ontario, the company manufactures solar PV modules, provides battery energy storage solutions and develops utility-scale solar power and battery energy storage projects.
CSIQ Q3 2025 Key Financial Metrics
Revenue
$4.5B
Gross Profit
$782.3M
Operating Profit
$97.0M
Net Profit
$57.6M
Gross Margin
17.5%
Operating Margin
2.2%
Net Margin
1.3%
YoY Growth
N/A
Financial Flow
Canadian Solar Inc. Q3 2025 Financial Summary
Canadian Solar Inc. reported revenue of $4.5B for Q3 2025, with a net profit of $57.6M (1.3% margin). Cost of goods sold was $3.7B, operating expenses totaled $685.3M.
Key Financial Metrics
| Total Revenue | $4.5B |
|---|---|
| Net Profit | $57.6M |
| Gross Margin | 17.5% |
| Operating Margin | 2.2% |
| Report Period | Q3 2025 |
Canadian Solar Inc. Annual Revenue by Year
Canadian Solar Inc. annual revenue history includes year-by-year totals (for example, 2023 revenue was $1.7B). Click any linked year to see what changed vs the prior 10-K.
| Year | Annual Revenue | |
|---|---|---|
| 2023 | $1.7B | — |
Canadian Solar Inc. Quarterly Revenue & Net Profit History
Canadian Solar Inc. quarterly results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 2025 | $4.5B | — | $57.6M | 1.3% |
| Q2 2025 | $3.0B | — | $63.6M | 2.1% |
| Q1 2025 | $1.3B | — | $36.2M | 2.7% |
| Q3 2024 | $5.9B | — | $366.8M | 6.2% |
| Q2 2024 | $4.1B | — | $304.4M | 7.5% |
| Q1 2024 | $39.4M | — | $106.8M | 270.9% |
| Q4 2023 | $384.3M | — | N/A | N/A |
| Q3 2023 | $63.8M | — | $199.7M | 313.0% |
Income Statement
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $63.8M | $384.3M | $39.4M | $4.07B | $5.91B | $1.33B | $2.96B | $4.47B |
| YoY Growth | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
Balance Sheet
| Q3 2023 | Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $9.04B | $9.04B | $11.90B | $11.90B | $11.90B | $13.51B | $13.51B | $13.51B |
| Liabilities | $6.73B | $6.73B | $8.19B | $8.19B | $8.19B | $9.36B | $9.36B | $9.36B |
| Equity | $2.31B | $2.31B | $3.71B | $3.71B | $3.71B | $3.90B | $3.90B | $3.90B |
Cash Flow
| Q3 2023 | Q3 2025 | |
|---|---|---|
| Operating CF | $521.2M | $-187.7M |