Canadian Solar Inc. income statement

In fiscal 2025, Canadian Solar Inc. reported revenue of $5.60bn, down 6.6% on the year before, operating income of $43.2m (a 0.8% margin) and net income of −$104m, or −$2.50 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Canadian Solar Inc.: income statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	631	1,496	1,899	1,295	1,654	2,961	3,468	2,853	3,390	3,745	3,201	3,476	5,277	7,469	7,614	5,993	5,595
Cost of revenue	553	1,267	1,717	1,204	1,379	2,380	2,891	2,436	2,753	2,969	2,482	2,787	4,368	6,205	6,334	4,994	4,569
Gross profit	78	229	182	90	276	581	577	417	638	775	718	690	909	1,263	1,280	999	1,026
Research and development	3	7	20	13	12	12	17	17	29	44	47	45	58	70	101	121	91
Selling and marketing	—	—	—	—	—	—	—	—	—	165	180	224	399	559	370	488	383
General and administrative	46	55	86	129	45	81	168	204	231	245	243	226	309	342	440	515	582
Operating income	7	120	7	−143	131	366	247	93	269	365	259	220	190	356	453	−30	43
Interest expense	9	22	44	53	46	49	54	70	118	106	81	72	58	74	114	137	178
Income before tax	21	67	−74	−201	53	321	223	83	144	304	209	134	138	356	409	−82	−141
Income tax	−1	17	17	−5	8	77	50	18	41	62	42	−2	36	73	60	−17	14
Net income	23	51	−91	−195	32	240	172	65	100	237	172	147	95	240	274	36	−104
Diluted EPS	$0.60	$1.16	−$2.11	−$4.53	$0.63	$4.11	$2.93	$1.12	$1.69	$3.88	$2.83	$2.38	$1.46	$3.44	$3.87	$0.54	−$2.50
Diluted shares (average)	38m	44m	43m	43m	50m	59m	60m	58m	62m	62m	61m	62m	69m	71m	72m	67m	67m
EBITDA	27	152	63	−61	212	449	342	189	369	494	419	430	473	591	760	471	598

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: CSIQ vs MCHP CSIQ vs FSLR ARM vs CSIQ CSIQ vs ON

More: Semiconductors stocks compared, Technology sector, rankings of US companies

Figures from Canadian Solar Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Canadian Solar Inc.