Daqo New Energy Corp. (DQ)

Daqo New Energy Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	555.32	856.05	1,007	3,039	3,499	723.78
Short-Term Investments	1,179	1,086	1,097	-	13.93	280.25
Cash & Short-Term Investments	1,734	1,942	2,103	3,039	3,513	1,004
Cash Growth	-12.33%	-7.65%	-30.78%	-13.51%	249.93%	1210.81%
Accounts Receivable	72.02	135.5	55.15	116.36	1,132	365.91
Other Receivables	-	0.02	-	0.03	0.02	-
Receivables	72.02	135.52	55.15	116.39	1,132	365.91
Inventory	363.46	169.1	149.94	173.27	169.52	327.77
Prepaid Expenses	-	303.06	280.88	224.65	52.93	41.68
Restricted Cash	-	124.24	31.81	9.13	20.86	0.19
Other Current Assets	415.75	21.87	10.4	14.31	0.85	3.4
Total Current Assets	2,585	2,696	2,632	3,577	4,889	1,743
Property, Plant & Equipment	3,391	3,399	3,499	3,626	2,605	1,559
Long-Term Investments	65.95	63.21	27.64	27.58	-	-
Other Intangible Assets	159.12	155.58	152.87	150.36	80.33	40.74
Long-Term Deferred Tax Assets	-	113.45	84.6	3.42	1.81	-
Other Long-Term Assets	139.33	21.85	22.39	42.5	17.6	0.82
Total Assets	6,341	6,449	6,418	7,427	7,594	3,344

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	130.58	129.66	33.27	95.72	103.18	81.7
Accrued Expenses	-	39.07	33.31	73.08	51.5	40.85
Current Income Taxes Payable	-	0.01	0.51	89.8	221.63	71.47
Current Unearned Revenue	43.17	48.79	37.19	148.98	121.99	202.96
Other Current Liabilities	271.28	284.09	416.95	428.84	238.24	153.52
Total Current Liabilities	445.03	501.62	521.24	836.43	736.54	550.5
Long-Term Unearned Revenue	14.13	30.87	38.6	132	172.41	112.6
Long-Term Deferred Tax Liabilities	-	0.52	0.54	10.15	80.54	16.73
Other Long-Term Liabilities	18.84	-	-	-	-	-
Total Liabilities	478	533.01	560.38	978.58	989.49	679.82

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	4,374	0.04	0.04	0.04	0.04	0.04
Additional Paid-In Capital	-	2,465	2,409	2,340	2,211	1,017
Retained Earnings	-	2,813	2,983	3,328	2,899	1,079
Treasury Stock	-	-617.61	-617.61	-612.61	-126.68	-1.75
Comprehensive Income & Other	-	-252.91	-413.21	-294	-176.03	67.77
Total Common Equity	4,374	4,407	4,361	4,762	4,807	2,162
Minority Interest	1,489	1,510	1,497	1,686	1,797	501.87
Shareholders' Equity	5,863	5,916	5,858	6,448	6,605	2,664
Total Liabilities & Equity	6,341	6,449	6,418	7,427	7,594	3,344

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
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
Filing Date Shares Outstanding	13.53	67.67	67.06	66.01	77.27	74.51
Total Common Shares Outstanding	13.53	67.67	66.75	65.7	78.2	74.51
Working Capital	2,140	2,195	2,110	2,740	4,153	1,192
Book Value Per Share	323.20	65.12	65.33	72.48	61.47	29.02
Tangible Book Value	4,215	4,251	4,208	4,612	4,727	2,121
Tangible Book Value Per Share	311.44	62.83	63.04	70.19	60.44	28.47
Buildings	-	1,275	1,221	906.29	555.71	468.31
Machinery	-	3,253	3,102	2,148	1,177	970.8
Construction In Progress	-	19.24	50.09	1,108	1,278	586.56

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 20, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Aug 20, 2026

Data Sources Report a data error