Canadian Solar Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	5,899	5,993	7,614	7,469	5,277	3,476
Revenue Growth (YoY)	-4.46%	-21.28%	1.94%	41.53%	51.80%	8.62%
Cost of Revenue	4,747	4,961	6,317	6,204	4,351	2,786
Gross Profit	1,152	1,032	1,296	1,265	926.46	690.28
Selling, General & Admin	1,041	916.47	804.22	840.73	701.51	437.99
Research & Development	99.48	120.79	100.84	69.82	58.41	45.17
Other Operating Expenses	-87.53	-93.65	-79	-59.54	-38.47	-24.25
Operating Expenses	1,053	943.61	826.07	851	721.45	458.91
Operating Income	98.96	88.76	470.16	413.81	205.02	231.38
Interest Expense	-165.1	-137.47	-114.1	-74.27	-58.15	-73.06
Interest & Investment Income	69.33	89.9	66.25	41.47	29.69	9.31
Earnings From Equity Investments	-12.34	-12.14	14.61	15.44	7.26	10.78
Currency Exchange Gain (Loss)	31.3	46.75	30.56	77.69	-47.23	-64.82
Other Non Operating Income (Expenses)	-85.09	-51.4	-27.5	-44.49	23.79	51.18
EBT Excluding Unusual Items	-62.94	24.4	439.97	429.65	160.36	164.77
Gain (Loss) on Sale of Investments	-	-	-	-	-	-8.56
Gain (Loss) on Sale of Assets	0.9	0.9	5.34	4.26	10.01	0.25
Asset Writedown	-119.74	-119.74	-22.18	-62	-23.24	-12.22
Other Unusual Items	-	-	-	-	-1.41	-
Pretax Income	-181.78	-94.44	423.14	371.91	145.72	145.26
Income Tax Expense	6.62	-16.58	59.5	73.35	35.84	-1.98
Earnings From Continuing Operations	-188.4	-77.86	363.63	298.56	109.88	147.25
Minority Interest in Earnings	204.52	113.91	-89.45	-58.59	-14.63	-0.54
Net Income	16.12	36.05	274.19	239.97	95.25	146.7
Net Income to Common	16.12	36.05	274.19	239.97	95.25	146.7
Net Income Growth	2014.83%	-86.85%	14.26%	151.94%	-35.07%	-14.50%
Shares Outstanding (Basic)	67	67	65	64	62	60
Shares Outstanding (Diluted)	67	67	72	71	69	62
Shares Change (YoY)	-0.76%	-7.28%	1.42%	3.36%	10.54%	2.52%
EPS (Basic)	0.24	0.54	4.19	3.73	1.55	2.46
EPS (Diluted)	-0.19	0.54	3.87	3.44	1.46	2.38
EPS Growth	-	-86.05%	12.41%	135.90%	-38.63%	-16.21%
Free Cash Flow	-1,734	-2,756	-840.85	288.63	-837.75	-455.48
Free Cash Flow Per Share	-25.68	-41.17	-11.65	4.05	-12.16	-7.31
Gross Margin	19.53%	17.22%	17.03%	16.93%	17.56%	19.86%
Operating Margin	1.68%	1.48%	6.17%	5.54%	3.89%	6.65%
Profit Margin	0.27%	0.60%	3.60%	3.21%	1.80%	4.22%
Free Cash Flow Margin	-29.39%	-45.98%	-11.04%	3.86%	-15.88%	-13.10%
EBITDA	656.68	590.2	777.2	648.37	487.79	440.49
EBITDA Margin	11.13%	9.85%	10.21%	8.68%	9.24%	12.67%
D&A For EBITDA	557.72	501.44	307.04	234.56	282.77	209.12
EBIT	98.96	88.76	470.16	413.81	205.02	231.38
EBIT Margin	1.68%	1.48%	6.17%	5.54%	3.89%	6.65%
Effective Tax Rate	-	-	14.06%	19.72%	24.60%	-

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q