Canadian Solar Inc. (CSIQ)
NASDAQ: CSIQ · Real-Time Price · USD
12.33
-0.81 (-6.16%)
At close: Aug 31, 2026, 4:00 PM EDT
12.43
+0.10 (0.81%)
After-hours: Aug 31, 2026, 7:56 PM EDT
Canadian Solar Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Cash & Equivalents | 1,461 | 1,370 | 1,701 | 1,939 | 981.43 | 869.83 |
Short-Term Investments | - | 254.66 | 93.66 | 19.32 | 22.08 | 20.2 |
Cash & Short-Term Investments | 1,461 | 1,625 | 1,795 | 1,958 | 1,004 | 890.03 |
Cash Growth | -21.27% | -9.47% | -8.32% | 95.12% | 12.75% | -25.45% |
Accounts Receivable | 1,170 | 1,058 | 1,261 | 1,006 | 1,029 | 688.62 |
Other Receivables | 281.02 | 597.34 | 403.88 | 339.75 | 328.46 | 471.29 |
Receivables | 1,451 | 1,656 | 1,665 | 1,346 | 1,357 | 1,160 |
Inventory | 1,656 | 1,134 | 1,207 | 1,180 | 1,524 | 1,192 |
Prepaid Expenses | 955.64 | 240.72 | 165.85 | 127.85 | 124.53 | 141.09 |
Restricted Cash | 374.66 | 541.71 | 551.39 | 999.93 | 978.12 | 560.63 |
Other Current Assets | 1,103 | 782.14 | 532.84 | 483.89 | 657.23 | 827.8 |
Total Current Assets | 7,001 | 5,979 | 5,917 | 6,095 | 5,645 | 4,772 |
Property, Plant & Equipment | 5,972 | 5,883 | 5,530 | 4,277 | 2,295 | 1,616 |
Long-Term Investments | 333.78 | 325.01 | 257.56 | 260.18 | 123.98 | 98.9 |
Other Intangible Assets | 29.81 | 31.98 | 31.03 | 19.73 | 17.53 | 18.99 |
Long-Term Deferred Tax Assets | 652.96 | 634.16 | 473.5 | 263.46 | 229.23 | 236.5 |
Other Long-Term Assets | 2,115 | 2,319 | 1,302 | 979.98 | 726.67 | 645.69 |
Total Assets | 16,105 | 15,172 | 13,512 | 11,896 | 9,037 | 7,388 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Accounts Payable | 1,708 | 1,826 | 1,704 | 1,692 | 2,299 | 1,384 |
Accrued Expenses | - | - | 1.44 | 1.44 | 1.44 | 1.44 |
Short-Term Debt | 3,089 | 1,546 | 1,647 | 1,513 | 1,110 | 1,593 |
Current Portion of Long-Term Debt | 148 | 996.28 | 455.17 | 291.98 | 333.52 | - |
Current Portion of Leases | 93.02 | 57.57 | 75.61 | 108.38 | 24.51 | 12.19 |
Current Unearned Revenue | 213.48 | 456.11 | 417.28 | 725.81 | 406.75 | 234.01 |
Other Current Liabilities | 1,580 | 968.66 | 1,118 | 1,531 | 1,083 | 813.33 |
Total Current Liabilities | 6,831 | 5,850 | 5,419 | 5,864 | 5,259 | 4,038 |
Long-Term Debt | 3,710 | 3,826 | 2,884 | 1,656 | 1,071 | 781.99 |
Long-Term Leases | 267.2 | 465.24 | 403.96 | 188.5 | 40.09 | 23.22 |
Long-Term Unearned Revenue | - | 168.75 | 41.34 | 52.69 | - | - |
Long-Term Deferred Tax Liabilities | 303.31 | 296.72 | 204.83 | 82.83 | 66.63 | 48.15 |
Other Long-Term Liabilities | 753.37 | 294.81 | 408.57 | 346.31 | 293.93 | 370.41 |
Total Liabilities | 11,865 | 10,902 | 9,362 | 8,191 | 6,730 | 5,262 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Common Stock | 835.72 | 835.54 | 835.54 | 835.54 | 835.54 | 835.54 |
Additional Paid-In Capital | 563.14 | 568.92 | 590.58 | 292.74 | 1.13 | - |
Retained Earnings | 1,373 | 1,482 | 1,586 | 1,550 | 1,276 | 1,036 |
Comprehensive Income & Other | -16.2 | -78.13 | -196.38 | -118.74 | -170.55 | -70.01 |
Total Common Equity | 2,755 | 2,808 | 2,816 | 2,559 | 1,942 | 1,801 |
Minority Interest | 1,485 | 1,462 | 1,334 | 1,146 | 365.06 | 325.36 |
Shareholders' Equity | 4,240 | 4,270 | 4,150 | 3,705 | 2,307 | 2,126 |
Total Liabilities & Equity | 16,105 | 15,172 | 13,512 | 11,896 | 9,037 | 7,388 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 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 |
Total Debt | 7,307 | 6,891 | 5,466 | 3,758 | 2,579 | 2,410 |
Net Cash (Debt) | -5,845 | -5,266 | -3,671 | -1,800 | -1,576 | -1,520 |
Net Cash Growth | - | - | - | - | - | - |
Net Cash Per Share | -86.26 | -78.17 | -54.84 | -24.93 | -22.14 | -22.07 |
Filing Date Shares Outstanding | 67.91 | 67.82 | 66.96 | 66.16 | 64.64 | 64.15 |
Total Common Shares Outstanding | 67.91 | 67.81 | 66.95 | 66.16 | 64.51 | 64.02 |
Working Capital | 169.85 | 128.48 | 498.17 | 231.06 | 385.89 | 733.68 |
Book Value Per Share | 40.57 | 41.41 | 42.05 | 38.68 | 30.10 | 28.13 |
Tangible Book Value | 2,726 | 2,776 | 2,784 | 2,540 | 1,924 | 1,782 |
Tangible Book Value Per Share | 40.14 | 40.94 | 41.59 | 38.39 | 29.83 | 27.84 |
Land | - | 77.21 | 56.23 | 45.4 | 39.29 | 31.69 |
Buildings | - | 981.6 | 967.76 | 978.92 | 764.58 | 720.37 |
Machinery | - | 4,305 | 3,975 | 2,939 | 1,714 | 1,653 |
Construction In Progress | - | 1,735 | 1,342 | 1,125 | 568.56 | 105.66 |
Leasehold Improvements | - | 208.24 | 188.78 | 44.28 | 30.9 | 32.81 |