← DAQO NEW ENERGY CORP.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $229.1m | $352.9m | $301.6m | $350.0m | $675.6m | $1.7b | $4.6b | $2.3b | $1.0b | $665.4m | |
| Cost of Revenue | $148.7m | $209.4m | $203.5m | $269.9m | $441.6m | $581.6m | $1.2b | $1.4b | $585.3m | $378.4m | |
| Cost of revenues | ($148.7m) | ($209.4m) | ($203.5m) | ($269.9m) | ($441.6m) | ($581.6m) | ($1.2b) | ($1.4b) | ($1.2b) | ($803.3m) | |
| Gross profit (loss) | $80.4m | $143.5m | $98.1m | $80.1m | $234.0m | $1.1b | $3.4b | $920.6m | ($212.9m) | ($137.9m) | |
| Gross Profit | $80.4m | $143.5m | $98.1m | $80.1m | $234.0m | $1.1b | $3.4b | $920.6m | ($212.9m) | ($137.9m) | |
| Operating Expenses | $15.0m | $14.8m | $16.6m | $32.6m | $46.1m | $45.8m | $367.3m | $137.2m | $351.2m | $132.4m | |
| Total operating expenses, net | ($15.0m) | ($14.8m) | ($16.6m) | ($32.6m) | ($46.1m) | ($45.8m) | ($367.3m) | ($137.2m) | ($351.2m) | ($132.4m) | |
| Operating Income (Loss) | $65.4m | $128.7m | $81.5m | $47.5m | $187.9m | $1.1b | $3.0b | $783.4m | ($564.1m) | ($270.2m) | |
| Additional Financial Items | |||||||||||
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | $0 | — | — | — | — | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($7k) | ($4k) | $1.8m | ($185k) | $0 | $0 | $680k | ($17.4m) | ($2.4m) | $31k | |
| Income (Loss) from Continuing Operations, Per Basic Share | — | — | $0 | $0 | $0 | $2 | $5 | $1 | — | — | |
| Income (Loss) from Continuing Operations, Per Diluted Share | — | — | $0 | $0 | $0 | $2 | $5 | $1 | — | — | |
| Other Operating Income | $5.3m | $6.8m | $13.2m | $5.5m | $191k | $609k | ($3.2m) | $86.1m | ($9.8m) | $6.9m | |
| Long-lived assets impairment | ($199k) | ($3.0m) | — | — | — | — | $0 | $0 | ($175.6m) | $0 | |
| Allowance for expected credit loss | — | — | — | — | — | — | — | — | $18.1m | $18.5m | |
| Interest income, net | — | — | — | — | ($25.7m) | ($20.5m) | $14.5m | $52.3m | $30.2m | $9.0m | |
| Exchange (loss) gain | ($7k) | ($4k) | $1.8m | ($185k) | $0 | $0 | $680k | ($17.4m) | ($2.4m) | $31k | |
| Investment income | — | — | — | — | — | $4.0m | $1.1m | $109k | $18.2m | $24.1m | |
| Income (loss) before income taxes | $51.3m | $111.2m | $73.8m | $37.9m | $162.1m | $1.0b | $3.1b | $818.5m | ($518.1m) | ($237.1m) | |
| Basic-ordinary shares | $261.7m | $265.1m | $311.7m | $339.6m | $355.1m | $369.3m | $379.4m | $373.6m | $330.8m | $336.8m | |
| Diluted-ordinary shares | $264.8m | $272.9m | $325.5m | $350.0m | $375.0m | $383.8m | $386.5m | $374.8m | $330.8m | $336.8m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | $51.3m | $111.2m | $73.8m | $37.9m | $162.1m | $1.0b | $3.1b | $818.5m | ($518.1m) | ($237.1m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | — | — | $61.4m | $28.3m | $129.3m | $748.9m | $1.8b | $429.5m | ($345.2m) | ($170.5m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | $62.1m | $28.3m | $133.9m | $864.8m | $2.5b | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | ($23.3m) | $1.3m | ($141k) | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | ($23.3m) | $1.3m | ($141k) | — | — | — | — | — | |
| Investment Income, Net | — | — | — | — | — | $4.0m | $1.1m | $109k | $18.2m | $24.1m | |
| Net Income (Loss) Attributable to Parent | $43.5m | $92.8m | $38.1m | $29.5m | $129.2m | $748.9m | $1.8b | $429.5m | ($345.2m) | ($170.5m) | |
| Net Income (Loss) Available to Common Stockholders, Basic | $43.5m | $92.8m | $38.1m | $29.5m | $129.2m | $748.9m | $1.8b | $429.5m | ($345.2m) | ($170.5m) | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $430k | $1.0m | $641k | ($568) | $4.6m | $115.9m | $659.8m | $223.3m | ($102.9m) | ($45.6m) | |
| Earnings Per Share, Basic | $0.17 | $0.35 | $0.12 | $0.09 | $0.36 | $2.03 | $4.80 | $1.15 | ($1.04) | ($0.51) | |
| Earnings Per Share, Diluted | $0.16 | $0.34 | $0.12 | $0.08 | $0.34 | $1.95 | $4.67 | $1.15 | ($1.04) | ($0.51) | |
| Weighted Average Number of Shares Outstanding, Basic | 261.7m | 265.1m | 311.7m | 339.6m | 355.1m | 369.3m | 379.4m | 373.6m | 330.8m | 336.8m | |
| Weighted Average Number of Shares Outstanding, Diluted | 264.8m | 272.9m | 325.5m | 350.0m | 375.0m | 383.8m | 386.5m | 374.8m | 330.8m | 336.8m | |
| Research and Development Expense | $4.0m | $881k | $2.7m | $5.7m | $6.9m | $6.5m | $10.0m | $10.1m | $4.6m | $2.6m | |
| Research and development expenses | ($4.0m) | ($881k) | ($2.7m) | ($5.7m) | ($6.9m) | ($6.5m) | ($10.0m) | ($10.1m) | ($4.6m) | ($2.6m) | |
| Selling, General and Administrative Expense | $16.1m | $17.7m | $27.1m | $32.5m | $39.5m | $39.9m | $354.1m | $213.2m | $143.1m | $118.2m | |
| Selling, general and administrative expenses | ($16.1m) | ($17.7m) | ($27.1m) | ($32.5m) | ($39.5m) | ($39.9m) | ($354.1m) | ($213.2m) | ($143.1m) | ($118.2m) | |
| Operating Lease, Expense | — | — | — | $49k | — | $800k | $1.2m | $2.4m | $3.3m | $3.4m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | — | — | — | — | $315.0m | $149.8m | — | — | |
| Income (expense) from operations | $65.4m | $128.7m | $81.5m | $47.5m | $187.9m | $1.1b | $3.0b | $783.4m | ($564.1m) | ($270.2m) | |
| Interest Expense | $14.6m | $18.0m | $10.8m | $10.4m | $26.6m | $20.5m | — | — | — | — | |
| Current Income Tax Expense (Benefit) | $7.4m | $17.4m | $11.9m | $4.9m | $29.4m | $156.9m | $500.7m | $157.7m | $13.2m | $3.8m | |
| Interest Income (Expense), Net | — | — | — | — | ($25.7m) | ($20.5m) | $14.5m | $52.3m | $30.2m | $9.0m | |
| Other Operating Income (Expense), Net | $5.3m | $6.8m | $13.2m | $5.5m | $191k | $609k | ($3.2m) | $86.1m | ($9.8m) | $6.9m | |
| Income Tax Expense (Benefit) | $7.4m | $17.3m | $11.7m | $9.6m | $28.2m | $170.1m | $577.2m | $165.6m | ($69.9m) | ($21.0m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.