Daqo New Energy Corp. (DQ)

NYSE: DQ · Real-Time Price · USD

14.85

+0.80 (5.69%)

Aug 20, 2026, 12:55 PM EDT - Market open

Daqo New Energy Financials Overview

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

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

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
Revenue	555.69	665.42	1,029	2,308	4,608	1,679
Revenue Growth	-6.29%	-35.34%	-55.41%	-49.92%	174.50%	148.49%
Gross Profit	-196.99	-137.85	-212.93	920.65	3,408	1,097
Operating Income	-287.79	-267.95	-369.55	787.81	3,050	1,051
Net Income	-191.72	-170.51	-345.22	429.55	1,820	748.92
Earnings Per Share	-2.87	-2.55	-5.22	5.73	23.34	9.75
EPS Growth	-	-	-	-75.47%	139.43%	474.16%

Cash & Debt

Fiscal Year	Current	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 & Investments	1,734	1,942	2,103	3,039	3,513	1,004
Total Debt	-	-	-	-	-	-
Net Cash (Debt)	1,734	1,942	2,103	3,039	3,513	1,004
Net Cash Growth	-12.33%	-7.65%	-30.78%	-13.51%	249.93%	-
Net Cash Per Share	25.73	28.84	31.79	40.54	45.46	13.08

Cash Flow & CapEx

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
Operating Cash Flow	-121.12	49.67	-435.42	1,616	2,463	638.99
Capital Expenditures	-140.37	-173.01	-358.83	-1,111	-1,205	-498.51
Free Cash Flow	-261.49	-123.35	-794.25	505.3	1,257	140.48
Free Cash Flow Growth	-	-	-	-59.81%	794.99%	53.68%

Margins

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
Gross Margin	-35.45%	-20.72%	-20.69%	39.90%	73.95%	65.36%
Operating Margin	-51.79%	-40.27%	-35.91%	34.14%	66.17%	62.63%
Pretax Margin	-46.69%	-35.63%	-50.34%	35.47%	66.33%	61.65%
Profit Margin	-34.50%	-25.62%	-33.55%	18.61%	39.49%	44.61%
FCF Margin	-47.06%	-18.54%	-77.18%	21.90%	27.28%	8.37%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug '26 Aug 20, 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
PE Ratio	-	-	-	4.79	1.59	3.96
Forward PE	-	5.78	5.78	4.96	1.81	3.43
P/FCF Ratio	-	-	-	4.07	2.30	21.10
PS Ratio	1.71	2.97	1.25	0.89	0.63	1.77