Company research
DAQO NEW ENERGY CORP.
CIK 1477641Updated Sep 27, 2026
SecurityDQ · NYSE · adr
DQ price & chart
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NYSE:DQ on TradingView ↗In the news
Daqo New Energy to Announce Unaudited Financial Results for the Second Quarter of 2026 on August 20, 2026 ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 6,449,325,000Source | 6,418,243,000Source | 7,426,866,000Source | 7,594,096,000Source |
| Property, Plant and Equipment, NetUSD | 3,399,055,000Source | 3,499,210,000Source | 3,626,423,000Source | 2,605,195,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 856,054,000Source | 1,006,536,000Source | 3,038,827,000Source | 3,499,488,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | — | — | — | 0Source |
| Inventory, NetUSD | 169,103,000Source | 149,939,000Source | 173,271,000Source | 169,517,000Source |
| Assets, CurrentUSD | 2,696,177,000Source | 2,631,547,000Source | 3,576,578,000Source | 4,889,163,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 303,057,000Source | 280,876,000Source | 224,645,000Source | 52,932,000Source |
| Other Assets, NoncurrentUSD | 21,849,000Source | 21,840,000Source | 28,271,000Source | 735,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 533,010,000Source | 560,377,000Source | 978,582,000Source | 989,490,000Source |
| Stockholders’ equity: | ||||
| Retained Earnings (Accumulated Deficit)USD | 2,812,659,000Source | 2,983,173,000Source | 3,328,388,000Source | 2,898,843,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -252,910,000Source | -413,210,000Source | -293,997,000Source | -176,032,000Source |
| Stockholders' Equity Attributable to ParentUSD | 4,406,727,000Source | 4,361,192,000Source | 4,761,907,000Source | 4,807,376,000Source |
| Additional Paid in Capital, Common StockUSD | 2,464,548,000Source | 2,408,799,000Source | 2,340,084,000Source | 2,211,203,000Source |
| Liabilities and EquityUSD | 6,449,325,000Source | 6,418,243,000Source | 7,426,866,000Source | 7,594,096,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 501,622,000Source | 521,235,000Source | 836,429,000Source | 736,542,000Source |
| Accounts Payable, CurrentUSD | 26,628,000Source | 26,448,000Source | 92,879,000Source | 81,875,000Source |
| Deferred Income Tax Liabilities, NetUSD | 519,000Source | 544,000Source | 10,150,000Source | 80,540,000Source |
| Stockholders' Equity Attributable to Noncontrolling InterestUSD | 1,509,588,000Source | 1,496,674,000Source | 1,686,377,000Source | 1,797,230,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 519,000Source | 544,000Source | 10,150,000Source | 80,540,000Source |
| Short-term InvestmentsUSD | — | — | 0Source | 13,927,000Source |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -216,083,000Source | -448,154,000Source | 652,886,000Source | 2,479,642,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 55,817,000Source | 71,790,000Source | 141,918,000Source | 307,447,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in InventoriesUSD | 34,344,000Source | 62,583,000Source | 13,079,000Source | -138,258,000Source |
| Deferred Income Tax Expense (Benefit)USD | -24,877,000Source | -83,110,000Source | 7,887,000Source | 76,504,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | 49,666,000Source | -435,423,000Source | 1,616,042,000Source | 2,462,652,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | -134,228,000Source | -1,480,780,000Source | -1,195,955,000Source | -998,416,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 173,011,000Source | 358,828,000Source | 1,110,738,000Source | 1,205,330,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | — | 5,003,000Source | 485,931,000Source | 124,929,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | -850,000Source | -47,356,000Source | -795,398,000Source | 1,472,091,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | -58,057,000Source | -2,009,607,000Source | -472,395,000Source | 2,796,385,000Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 980,292,000Source | 1,038,349,000Source | 3,047,956,000Source | 3,520,351,000Source |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | 4,719,000Source | 7,926,000Source |
| Income Taxes Paid, NetUSD | 4,343,000Source | — | — | — |
| Additional Financial Items | ||||
| Share-based Payment Arrangement, ExpenseUSD | 55,817,000Source | 68,081,000Source | 149,800,000Source | 315,000,000Source |
| DepreciationUSD | 236,672,000Source | 206,358,000Source | 148,889,000Source | 107,097,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 31,000Source | -2,378,000Source | -17,367,000Source | 680,000Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | -2,286,000Source | -18,913,000Source | -4,379,000Source | -8,904,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -170,514,000Source | -345,215,000Source | 429,545,000Source | 1,819,801,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 2,479,642,000Source |
| Income Tax Expense (Benefit)USD | -21,034,000Source | -69,907,000Source | 165,588,000Source | 577,247,000Source |
| Inventory Write-downUSD | 21,523,000Source | 81,398,000Source | 4,519,000Source | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -170,514,000Source | -345,215,000Source | 429,545,000Source | 1,819,801,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -45,569,000Source | -102,939,000Source | 223,341,000Source | 659,841,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | 1,819,801,000Source |
| Operating ExpensesUSD | 132,384,000Source | 351,160,000Source | 137,220,000Source | 367,296,000Source |
| Operating Lease, ExpenseUSD | 3,400,000Source | 3,300,000Source | 2,400,000Source | 1,200,000Source |
| Other Operating Income (Expense), NetUSD | 6,921,000Source | — | — | — |
| Payments to Acquire InvestmentsUSD | 2,796,200,000Source | 2,082,454,000Source | — | 46,192,000Source |
| Proceeds from Stock Options ExercisedUSD | — | 57,000Source | 4,000Source | 995,000Source |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | — | — | 149,758,000Source | 314,973,000Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 665,415,000Source | 1,029,080,000Source | 2,307,695,000Source | 4,608,350,000Source |
| Cost of Goods and Services Sold | — | — | — | — |
| Selling, General and Administrative ExpenseUSD | 118,224,000Source | 143,089,000Source | 213,241,000Source | 354,074,000Source |
| Operating Income (Loss)USD | -270,235,000Source | -564,092,000Source | 783,430,000Source | 3,040,626,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -237,117,000Source | -518,061,000Source | 818,474,000Source | 3,056,889,000Source |
| Income Tax Expense (Benefit)USD | -21,034,000Source | -69,907,000Source | 165,588,000Source | 577,247,000Source |
| Net Income (Loss) Attributable to Noncontrolling InterestUSD | -45,569,000Source | -102,939,000Source | 223,341,000Source | 659,841,000Source |
| Net Income (Loss) Attributable to ParentUSD | -170,514,000Source | -345,215,000Source | 429,545,000Source | 1,819,801,000Source |
| Earnings Per Share, BasicUSD per share | -0.51Source | -1.04Source | 1.15Source | 4.8Source |
| Earnings Per Share, DilutedUSD per share | -0.51Source | -1.04Source | 1.15Source | 4.67Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 336,756,038Source | 330,800,038Source | 373,586,004Source | 379,365,310Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 336,756,038Source | 330,800,038Source | 374,817,676Source | 386,459,841Source |
| Additional Financial Items | ||||
| Current Income Tax Expense (Benefit)USD | 3,843,000Source | 13,203,000Source | 157,701,000Source | 500,743,000Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | 31,000Source | -2,378,000Source | -17,367,000Source | 680,000Source |
| Gross ProfitUSD | -137,851,000Source | -212,932,000Source | 920,650,000Source | 3,407,922,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -170,514,000Source | -345,215,000Source | 429,545,000Source | 1,819,801,000Source |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling InterestUSD | — | — | — | 2,479,642,000Source |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | — | — | 1.15Source | 4.8Source |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | — | — | 1.15Source | 4.67Source |
| Interest Income (Expense), NetUSD | 9,029,000Source | 30,223,000Source | 52,302,000Source | 14,473,000Source |
| Investment Income, NetUSD | 24,058,000Source | 18,186,000Source | 109,000Source | 1,110,000Source |
| Net Income (Loss) Available to Common Stockholders, BasicUSD | — | — | — | 1,819,801,000Source |
| Operating ExpensesUSD | 132,384,000Source | 351,160,000Source | 137,220,000Source | 367,296,000Source |
| Operating Lease, ExpenseUSD | 3,400,000Source | 3,300,000Source | 2,400,000Source | 1,200,000Source |
| Other Operating Income (Expense), NetUSD | 6,921,000Source | — | — | — |
| Research and Development ExpenseUSD | 2,584,000Source | 4,559,000Source | 10,116,000Source | 10,041,000Source |
| Share-based Payment Arrangement, Expensed and Capitalized, AmountUSD | — | — | 149,758,000Source | 314,973,000Source |