Daqo New Energy Corp.
Daqo New Energy Corp. (DQ) Financial Performance & Income Statement Overview
Review Daqo New Energy Corp. (DQ) income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns.
Daqo New Energy Corp. (DQ) Income Statement & Financial Overview
Analyze Daqo New Energy Corp.’s DQ earnings with segmented quarterly and yearly financial statement figures.
| Metric | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 |
|---|---|---|---|---|
| Revenue | $123.91M | $195.36M | $198.50M | $219.91M |
| Cost of Revenue | $205.45M | $260.62M | $259.09M | $379.07M |
| Gross Profit | -$81.53M | -$65.26M | -$60.59M | -$159.16M |
| Gross Profit Ratio | -$0.66 | -$0.33 | -$0.31 | -$0.72 |
| R&D Expenses | $507000.00 | $372000.00 | $813000.00 | $1.84M |
| SG&A Expenses | $35.09M | $47.47M | $37.73M | $37.53M |
| Operating Expenses | $32.52M | $235.68M | $37.45M | $39.36M |
| Total Costs & Expenses | $237.97M | $496.30M | $296.54M | $418.44M |
| Interest Income | $0.00 | $0.00 | $0.00 | $15.88M |
| Interest Expense | $0.00 | $0.00 | $0.00 | $7.15M |
| Depreciation & Amortization | $52.15M | $60.74M | $0.00 | $44.96M |
| EBITDA | -$61.91M | -$64.57M | -$98.04M | -$150.66M |
| EBITDA Ratio | -$0.50 | -$0.33 | -$0.49 | -$0.69 |
| Operating Income | -$114.05M | -$300.94M | -$98.04M | -$198.52M |
| Operating Income Ratio | -$0.92 | -$1.54 | -$0.49 | -$0.90 |
| Other Income/Expenses (Net) | $9.05M | $10.45M | $9.11M | $14.47M |
| Income Before Tax | -$105.007M | -$290.49M | -$88.94M | -$181.15M |
| Income Before Tax Ratio | -$0.85 | -$1.49 | -$0.45 | -$0.82 |
| Income Tax Expense | -$12.27M | $48.97M | -$12.007M | -$23.28M |
| Net Income | -$71.84M | -$180.18M | -$60.72M | -$119.78M |
| Net Income Ratio | -$0.58 | -$0.92 | -$0.31 | -$0.54 |
| EPS | -$1.09 | -$2.71 | -$0.90 | -$1.80 |
| Diluted EPS | -$1.09 | -$2.71 | -$0.90 | -$1.80 |
| Weighted Avg Shares Outstanding | $66.13M | $66.49M | $66.31M | $66.003M |
| Weighted Avg Shares Outstanding (Diluted) | $66.16M | $66.61M | $66.31M | $66.003M |
Over the last four quarters, Daqo New Energy Corp. achieved steady financial progress, growing revenue from $219.91M in Q2 2024 to $123.91M in Q1 2025. Gross profit stayed firm with margins at -66% in Q1 2025 versus -72% in Q2 2024. Operating income totaled -$114.05M in Q1 2025, maintaining a -92% margin over recent quarters. Despite shifts in R&D and SG&A costs, EBITDA stayed strong at -$61.91M. Net income rose to -$71.84M, with EPS at -$1.09. Disciplined expense strategies and efficient operations ensured sustained profitability and long-term financial stability.
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