Canadian Solar Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	5,595	5,993	7,614	7,469	5,277
Revenue Growth (YoY)	-6.65%	-21.28%	1.94%	41.53%	51.80%
Fuel and Purchased Power Expense	4,569	4,994	6,334	6,205	4,368
Gross Profit	1,026	999.32	1,280	1,263	909.31
Other Operating Expenses	1,127	1,218	995.34	1,035	813.07
Operating Income	-100.87	-219.17	284.64	228.46	96.25
Interest Income	46.05	88.47	51.62	40.62	11.05
Interest Expense	-178.17	-137.47	-114.1	-74.27	-58.15
Other Non-Operating Income (Expense)	-51.78	-3.22	17.68	34.06	-4.82
Total Non-Operating Income (Expense)	-183.9	-52.22	-44.8	0.41	-51.92
Pretax Income	-284.77	-271.39	239.85	228.86	44.33
Provision for Income Taxes	14.15	-16.58	59.5	73.35	35.84
Net Income	-104.13	36.05	274.19	239.97	95.25
Minority Interest in Earnings	-50.76	-101.78	74.84	43.15	7.37
Net Income to Common	-104.13	36.05	274.19	239.97	95.25
Net Income Growth	-	-86.85%	14.26%	151.94%	-35.07%
Shares Outstanding (Basic)	67	67	65	64	62
Shares Outstanding (Diluted)	67	67	72	71	69
Shares Change (YoY)	0.64%	-7.28%	1.42%	3.36%	10.54%
EPS (Basic)	-2.50	0.54	4.19	3.73	1.55
EPS (Diluted)	-2.50	0.54	3.87	3.44	1.46
EPS Growth	-	-86.05%	12.50%	135.62%	-38.66%
Shares Outstanding	66.95	66.95	66.16	64.51	64.02
Free Cash Flow	-1,215	-1,998	-467.97	289.52	-836.98
Free Cash Flow Per Share	-18.04	-29.85	-6.48	4.07	-12.15
Gross Margin	18.34%	16.67%	16.81%	16.91%	17.23%
Operating Margin	-1.80%	-3.66%	3.74%	3.06%	1.82%
Profit Margin	-3.28%	-1.30%	4.78%	4.00%	2.08%
FCF Margin	-21.72%	-33.34%	-6.15%	3.88%	-15.86%
EBITDA	-100.87	282.28	591.68	463.02	379.01
EBITDA Margin	-1.80%	4.71%	7.77%	6.20%	7.18%
EBIT	-100.87	-219.17	284.64	228.46	96.25
EBIT Margin	-1.80%	-3.66%	3.74%	3.06%	1.82%
Effective Tax Rate	-4.97%	6.11%	24.81%	32.05%	80.86%

Updated Mar 19, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

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