The table below shows DAQO NEW ENERGY CORP.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$665.41M
$1.03B
$2.31B
$4.61B
$1.68B
$675.60M
Cost of revenue
$803.27M
$1.24B
$1.39B
$1.20B
$581.59M
$441.61M
Gross profit
-$137.85M
-$212.93M
$920.65M
$3.41B
$1.10B
$233.99M
R&D
$2.58M
$4.56M
$10.12M
$10.04M
$6.50M
$6.86M
DQ annual revenue (10-K history)
DAQO NEW ENERGY CORP. reported annual revenue of $665.41M for fiscal year 2025. That is down 35.3% from $1.03B in fiscal 2024. Over the 10 fiscal years shown, annual revenue grew from $196.22M (FY 2016) to $665.41M. Figures come from the company's audited annual reports as filed with the SEC.
