Canadian Solar Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	5,476	5,595	5,993	7,614	7,469	5,277
Revenue Growth (YoY)	-6.56%	-6.65%	-21.28%	1.94%	41.53%	51.80%
Fuel and Purchased Power Expense	4,320	4,569	4,994	6,334	6,205	4,368
Gross Profit	1,157	1,026	999.32	1,280	1,263	909.31
Other Operating Expenses	985.73	983.07	1,029	826.66	907.08	718.93
Operating Income	170.83	43.16	-30.08	453.32	356.06	190.38
Interest Income	50.62	46.05	88.47	51.62	40.62	11.05
Interest Expense	-190.05	-178.17	-137.47	-114.1	-74.27	-58.15
Other Non-Operating Income (Expense)	-67.72	-51.78	-3.22	17.68	34.06	-4.82
Total Non-Operating Income (Expense)	-207.15	-183.9	-52.22	-44.8	0.41	-51.92
Pretax Income	-36.32	-140.74	-82.3	408.53	356.47	138.46
Provision for Income Taxes	54.21	14.15	-16.58	59.5	73.35	35.84
Net Income	-102.25	-104.13	36.05	274.19	239.97	95.25
Minority Interest in Earnings	11.72	-50.76	-101.78	74.84	43.15	7.37
Net Income to Common	-102.25	-104.13	36.05	274.19	239.97	95.25
Net Income Growth	-	-	-86.85%	14.26%	151.94%	-35.07%
Shares Outstanding (Basic)	68	67	67	65	64	62
Shares Outstanding (Diluted)	68	67	67	72	71	69
Shares Change (YoY)	-1.43%	0.64%	-7.28%	1.42%	3.36%	10.54%
EPS (Basic)	-2.52	-2.50	0.54	4.19	3.73	1.55
EPS (Diluted)	-2.52	-2.50	0.54	3.87	3.44	1.46
EPS Growth	-	-	-86.05%	12.50%	135.62%	-38.66%
Shares Outstanding	67.81	67.81	66.95	66.16	64.51	64.02
Free Cash Flow	-1,076	-1,215	-1,998	-431.85	289.52	-836.98
Free Cash Flow Per Share	-15.93	-18.04	-29.85	-5.98	4.07	-12.15
Gross Margin	21.12%	18.34%	16.67%	16.81%	16.91%	17.23%
Operating Margin	3.12%	0.77%	-0.50%	5.95%	4.77%	3.61%
Profit Margin	-1.65%	-2.77%	-1.10%	4.58%	3.79%	1.94%
FCF Margin	-19.65%	-21.72%	-33.34%	-5.67%	3.88%	-15.86%
EBITDA	170.83	598.21	471.36	760.36	590.62	473.15
EBITDA Margin	3.12%	10.69%	7.86%	9.99%	7.91%	8.97%
EBIT	170.83	43.16	-30.08	453.32	356.06	190.38
EBIT Margin	3.12%	0.77%	-0.50%	5.95%	4.77%	3.61%
Effective Tax Rate	-149.24%	-10.05%	20.14%	14.56%	20.58%	25.89%

Updated May 15, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q