CSIQ on Nasdaq

Canadian Solar Inc.

Logo: canadiansolar.com4

Canadian Solar Inc. is a global energy provider founded in 2001.1 It is headquartered in Guelph.1 Its shares trade on Nasdaq under the symbol CSIQ.1

Price unavailable

Last updated Oct 21, 2026.

Overview

$5.6BRevenue, fiscal 20255
-$104.1MNet income, fiscal 20255
Oct 22, 2001Founded1

Compare with onsemi, First Solar or Arm Holdings, or pick any stock.

  • TickerCSIQ on Nasdaq1
  • IndustrySemiconductors & Related Devices1
  • HeadquartersGuelph1
  • Websitewww.canadiansolar.com
  • Legal formBusiness corporations (which includes professional corporations)1
  • Incorporated inOntario, Canada6
  • Business address4273 King Street East, Suite 102, Kitchener, A6 N2P 2E96
  • Filer categoryLarge accelerated filer6
  • LEI5493001XSC6TKMBVOM153
  • StatusActive3
  • LEI statusIssued and current3
  • Registered address66 Wellington Street West, Suite 4100, M5K 1B7 Toronto, Canada3
  • Registered withMinistry of Government and Consumer Services, 14977603

Our reporting currency is the U.S. dollar. We use exchange rates set forth in the H.10 statistical release of the Federal Reserve Board to translate Renminbi, Euros, British pounds, Japanese yen, Canadian dollars, Australian dollars, Thai baht, Brazilian reals and South African rand to U.S. dollars not otherwise recorded in our consolidated financial statements and included elsewhere in this annual report on Form 20-F. Unless otherwise stated, the translation of Renminbi, Euros, British pounds, Japanese yen, Canadian dollars, Australian dollars, Thai baht, Brazilian reals and South African rand into U.S. dollars was made at the rate in effect on December 31, 2025, which was RMB 6.9931 to $1.00, €0.8521 to $1.00, £0.7437 to $1.00, ¥156.8000 to $1.00, C$1.3712 to $1.00, AUD 1.4995 to $1.00, THB 31.4900 to $1.00, BRL 5.4770 to $1.00 and ZAR 16.5496 to $1.00. We make no representation that a…7 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

18.3%Gross margin5
0.8%Operating margin5
-1.9%Net margin5
-6.6%Revenue growth, 20255
-3.7%Return on equity5
2.14×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

Manufacturing brought in 93% of the revenue Canadian Solar Inc. broke down this way in fiscal 2025.

  1. Manufacturing$5.6B593%down 13% from 2024
  2. Recurrent Energy$403.6M57%up 25% from 2024
Business segments by year
Business segments202320242025
Manufacturing$7.2B$6.5B$5.6B
Recurrent Energy$497.7M$323.5M$403.6M

Regions

Asia brought in 24% of the revenue Canadian Solar Inc. broke down this way in fiscal 2025.

  1. Asia$1.2B524%down 31% from 2024
  2. Europe$1.2B523%up 9% from 2024
  3. China$711.0M514%down 42% from 2024
  4. United Kingdoms$355.5M57%up 92% from 2024
  5. Australia$347.9M57%up 202% from 2024
  6. B R$229.0M54%up 20% from 2024
  7. PK$203.0M54%down 24% from 2024
  8. Other Countries Europe$196.3M54%down 33% from 2024
  9. Japan$195.1M54%up 29% from 2024
  10. Other Countries America$151.7M53%up 11% from 2024
  11. Spain$141.8M53%down 36% from 2024
  12. Other Countries Asia$138.1M53%down 16% from 2024
Regions by year
Regions202320242025
Asia$3.1B$1.8B$1.2B
Europe$1.9B$1.1B$1.2B
China$2.2B$1.2B$711.0M
United Kingdoms$145.0M$185.2M$355.5M
Australia$128.2M$115.1M$347.9M
B R$846.4M$190.9M$229.0M
PK$78.2M$266.1M$203.0M
Other Countries Europe$643.4M$292.2M$196.3M
Japan$597.2M$150.7M$195.1M
Other Countries America$283.8M$136.7M$151.7M
Spain$445.3M$221.8M$141.8M
Other Countries Asia$298.9M$164.3M$138.1M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue82¢$4.6B
  • Research and development2¢$90.7M
  • Other costs16¢$921.4M
  • Income tax0¢$14.1M

Out of $5.6B in revenue.5 The company lost money this year.

Financial statements

Revenue891011125$5.6B in 2025+49% since 2018
0$2.0B$4.0B$6.0B$8.0B2018: $3.7B$3.7B20182019: $3.2B$3.2B2019−15%2020: $3.5B$3.5B2020+9%2021: $5.3B$5.3B2021+52%2022: $7.5B$7.5B2022+42%2023: $7.6B$7.6B2023+2%2024: $6.0B$6.0B2024−21%2025: $5.6B$5.6B2025−7%
Gross profit891011125$1.0B in 2025+32% since 2018
0$500.0M$1.0B$1.5B2018: $775.1M$775.1M20182019: $718.5M$718.5M2019−7%2020: $689.9M$689.9M2020−4%2021: $909.3M$909.3M2021+32%2022: $1.3B$1.3B2022+39%2023: $1.3B$1.3B2023+1%2024: $999.3M$999.3M2024−22%2025: $1.0B$1.0B2025+3%
Operating income891011125$43.2M in 2025−88% since 2018
-$200.0M0$200.0M$400.0M$600.0M2018: $364.7M$364.7M20182019: $258.9M$258.9M2019−29%2020: $220.4M$220.4M2020−15%2021: $190.4M$190.4M2021−14%2022: $356.1M$356.1M2022+87%2023: $453.3M$453.3M2023+27%2024: -$30.1M-$30.1M20242025: $43.2M$43.2M2025
Net income891011125-$104.1M in 2025
-$200.0M0$200.0M$400.0M2018: $242.4M$242.4M20182019: $166.6M$166.6M2019−31%2020: $147.2M$147.2M2020−12%2021: $109.9M$109.9M2021−25%2022: $298.6M$298.6M2022+172%2023: $274.2M$274.2M2023−8%2024: $36.1M$36.1M2024−87%2025: -$104.1M-$104.1M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.5

Period ending2025-12-312024-12-312023-12-31
Net revenues$5.6B$6.0B$7.6B
Cost of revenues$4.6B$5.0B$6.3B
Gross profit$1.0B$999.3M$1.3B
Selling and distribution expenses$382.6M$487.9M$369.7M
General and administrative expenses$581.8M$515.2M$440.5M
Research and development expenses$90.7M$120.8M$100.8M
Other operating income, net-$72.0M-$94.5M-$84.3M
Total operating expenses$983.1M$1.0B$826.7M
Income (loss) from operations$43.2M-$30.1M$453.3M
Interest expense-$178.2M-$137.5M-$114.1M
Interest income$46.1M$88.5M$51.6M
Loss on change in fair value of derivatives, net-$42.4M-$51.4M-$27.5M
Foreign exchange gain (loss), net-$16.8M$46.8M$30.6M
Investment income, net$7.4M$1.4M$14.6M
Total other expenses-$183.9M-$52.2M-$44.8M
Income (loss) before income taxes and equity in earnings (losses) of affiliates-$140.7M-$82.3M$408.5M
Income tax benefit (expense)-$14.1M$16.6M-$59.5M
Equity in earnings (losses) of affiliates-$28.9M-$12.1M$14.6M
Net income (loss)-$183.8M-$77.9M$363.6M
Less: net income (loss) attributable to non-controlling interests and redeemable non-controlling interests-$79.6M-$113.9M$89.4M
Net income (loss) attributable to Canadian Solar Inc.-$104.1M$36.1M$274.2M
Earnings (loss) per share - basic-$2.50$0.54$4.19
Shares used in computation - basic67.4M shares66.6M shares65.4M shares
Earnings (loss) per share - diluted-$2.50$0.54$3.87
Shares used in computation - diluted67.4M shares66.9M shares72.2M shares

Compare Canadian Solar Inc. with another company

Corporate structure

Canadian Solar Inc. sits at the top of its group. 25 entities, 7 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Canadian Solar Inc.

  • BlackRock Filed SCHEDULE 13G on Canadian Solar Inc., latest Jul 27, 2026 (8 filings since Feb 3, 2022)
  • D. E. SHAW & CO, L.P. Filed SCHEDULE 13G/A on Canadian Solar Inc., latest Jul 23, 2026 (2 filings since Mar 20, 2026)
  • MACKENZIE FINANCIAL CORP Filed SCHEDULE 13G on Canadian Solar Inc., latest May 15, 2026 (7 filings since Feb 13, 2024)
  • VENTURE HOLDING Sarl SPF Filed SCHEDULE 13G/A on Canadian Solar Inc., latest Nov 17, 2025 (6 filings since Mar 4, 2024)
  • Pacific Alliance Group Ltd Filed SCHEDULE 13G/A on Canadian Solar Inc., latest Jul 7, 2025 (2 filings since Jan 24, 2025)
  • Grantham, Mayo, Van Otterloo & Co. LLC Filed SC 13G/A on Canadian Solar Inc., latest Nov 13, 2024 (4 filings since Feb 11, 2022)
  • Invesco Filed SC 13G/A on Canadian Solar Inc., latest Jan 31, 2022
  • Canadian Solar Inc. Toronto, Ontario, Canada
    • Recurrent Energy Holdings B.V. Subsidiary · 100% · Amsterdam, Netherlands
    • AURORA01 LLC (AURORA01合同会社) Subsidiary · Tokyo, Japan
    • AZUCENA NEW ENERGY, S.L. Subsidiary · Madrid, Spain
    • Bayou Galion MM LLC Subsidiary · Austin, Texas, United States
    • BAYOU GALION SOLAR PROJECT, LLC Subsidiary · Wilmington, Delaware, United States
    • Canadian Solar Holdings B.V. Subsidiary · Amsterdam, Netherlands
    • Canadian Solar New Energy Holding Company Limited Subsidiary · Hong Kong, Hong Kong
    • CANADIAN SOLAR SPAIN, S.L. Subsidiary · Madrid, Spain
    • CASCADE SOLAR ENERGY LLC Subsidiary · Austin, Texas, United States
    • CS SubCo Pty Ltd as trustee for the Carwarp Solar Farm SPV Subsidiary · melbourne, Australia
    • Fort Duncan BESS Class B LLC Subsidiary · Austin, Texas, United States
    • LIBERTY CLASS B LLC Subsidiary · Austin, Texas, United States
    • LIBERTY COUNTY SOLAR PROJECT, LLC Subsidiary · Austin, Texas, United States
    • NORTH FORK SOLAR PROJECT, LLC Subsidiary · Austin, Texas, United States
    • PAPAGO BESS CLASS B LLC Subsidiary · Austin, Texas, United States
    • RE COBALT LLC Subsidiary · Austin, Texas, United States
    • RE NF Holdings LLC Subsidiary · Austin, Texas, United States
    • Recurrent Energy B.V. Subsidiary · Amsterdam, Netherlands
    • RECURRENT ENERGY SH PROCO LLC Subsidiary · Austin, Texas, United States
    • RECURRENT ENERGY, LLC Subsidiary · Austin, Texas, United States
      • CANADIAN SOLAR ITALIAN INVESTMENTS B.V. Subsidiary · 100% · Amsterdam, Netherlands
    • ROBLE NEW ENERGY, S.L. Subsidiary · Madrid, Spain
    • SUN DOG CLASS B LLC Subsidiary · Austin, Texas, United States
    • Zydeco Class B LLC Subsidiary · Austin, Texas, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries, stakes and holdings from Wikidata (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Canadian Solar Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress$1.1B5 Dec 31, 2025$579.2M5 Dec 31, 2024+83.6%
Accumulated depreciation$1.8B5 Dec 31, 2025$1.3B5 Dec 31, 2024+33.8%
Property and equipment, net$3.4B5 Dec 31, 2025$3.2B5 Dec 31, 2024+6.3%
Finance-lease assets$159.2M5 Dec 31, 2025$178.2M5 Dec 31, 2024−10.6%
Operating-lease assets (leased space)$441.3M5 Dec 31, 2025$378.5M5 Dec 31, 2024+16.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.4B5 Dec 31, 2025$1.7B5 Dec 31, 2024−19.5%
Marketable securities, current$10.7M5 Dec 31, 2024$4.1M12 Dec 31, 2023+159.4%
Equity securities at fair value$13.0M5 Dec 31, 2025$18.3M5 Dec 31, 2024−29.1%
Stakes in other companies (equity method)$289.6M5 Dec 31, 2025$233.0M5 Dec 31, 2024+24.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$72.6M5 Dec 31, 2025$62.1M5 Dec 31, 2024+16.9%
Accumulated amortization$40.6M5 Dec 31, 2025$31.1M5 Dec 31, 2024+30.6%
Finite-lived intangibles, net$32.0M5 Dec 31, 2025$31.0M5 Dec 31, 2024+3.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$1.1B5 Dec 31, 2025$1.2B5 Dec 31, 2024−6.1%
Raw materials$273.0M5 Dec 31, 2025$233.0M5 Dec 31, 2024+17.2%
Work in process$80.3M5 Dec 31, 2025$157.3M5 Dec 31, 2024−49.0%
Finished goods$780.2M5 Dec 31, 2025$816.3M5 Dec 31, 2024−4.4%

Leadership

Who has led Canadian Solar Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Colin Parkin2026–now

Chief financial officer

  1. Xinbo Zhu2026–now

Chief operating officer

  1. Dylan Marx2026–now
20052010201520202025
Board members and other officers (8)

Subsidiaries and ownership

Subsidiaries

From Wikidata.1

Timeline

  1. Jul 13, 2026New chief executive Colin Parkin becomes CEO15
  2. Oct 22, 2001Founded Founded1

Calendar

Coming up

  1. Nov 12, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported ($0.58) a share, on Nov 13, 2025.26

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

209 filings to the SEC since October 2021: 6 annual reports, 58 insider forms, 30 large holders, 115 other. The latest 20:

  1. Oct 14, 20264 OWNERSHIP DOCUMENT EDGAR
  2. Oct 14, 20264 OWNERSHIP DOCUMENT EDGAR
  3. Oct 14, 20264 OWNERSHIP DOCUMENT EDGAR
  4. Oct 14, 20264 OWNERSHIP DOCUMENT EDGAR
  5. Oct 7, 20264 OWNERSHIP DOCUMENT EDGAR
  6. Oct 7, 20264 OWNERSHIP DOCUMENT EDGAR
  7. Oct 7, 20264 OWNERSHIP DOCUMENT EDGAR
  8. Oct 7, 20264 OWNERSHIP DOCUMENT EDGAR
  9. Oct 7, 20264 OWNERSHIP DOCUMENT EDGAR
  10. Sep 21, 2026S-8 EDGAR
  11. Aug 27, 20266-K EDGAR
  12. Aug 13, 20266-K EDGAR
  13. Jul 27, 2026SCHEDULE 13G EDGAR
  14. Jul 23, 2026SCHEDULE 13G/A EDGAR
  15. Jul 23, 20266-K EDGAR
  16. Jul 14, 20264 OWNERSHIP DOCUMENT EDGAR
  17. Jul 14, 20264 OWNERSHIP DOCUMENT EDGAR
  18. Jul 14, 20264 OWNERSHIP DOCUMENT EDGAR
  19. Jul 13, 20264 OWNERSHIP DOCUMENT EDGAR
  20. Jul 13, 20264 OWNERSHIP DOCUMENT EDGAR

The 209 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

2 open-market trades by officers, directors and large owners since October 2021: 0 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 26, 2026Chang Leslie Li HsienDirectorSale1,767$19.45$34.4KForm 4
May 19, 2026Wong Andrew Luen CheungDirectorSale1,752$16.33$28.6KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.5,319,525$85.2M0.0%+3,692,227
Mackenzie Financial Corp4,621,062$74.0M0.1%+4,372
D. E. Shaw & Co., Inc.3,826,650$61.3M0.0%+774,217
Invesco Ltd.2,765,941$44.3M0.0%+341,504
Legal & General Group Plc2,658,787$42.6M0.0%+1,288,124
State Street Corp1,535,534$24.6M0.0%+932,872
Morgan Stanley1,337,112$21.4M0.0%−268,049
Two Sigma Investments, LP1,210,974$19.4M0.0%−987,329
Shah Capital Management923,716$14.8M2.8%−40,841
Crystal Cove Asset Management, LLC870,500$13.9M15.2%New
Goldman Sachs Group Inc853,337$13.7M0.0%−128,089
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.867,761$12.9M0.0%+519,210
Geode Capital Management, LLC785,688$12.6M0.0%+682,935
UBS Group AG773,337$12.4M0.0%+193,224
Bank Of America Corp /de/748,933$12.0M0.0%−322,553
Jpmorgan Chase & Co775,223$11.4M0.0%−263,899
Citigroup Inc657,663$10.5M0.0%−2,609
Barclays PLC597,448$9.6M0.0%+191,482
Renaissance Technologies LLC531,902$8.5M0.0%+32,200
Robotti Robert400,100$6.4M1.0%+2,030
Northern Trust Corp337,780$5.4M0.0%+300,101
Vanguard Portfolio Management LLC328,097$5.3M0.0%New
Hsbc Holdings PLC325,847$5.2M0.0%+205,397
Guinness Asset Management LTD311,173$5.0M0.1%−8,161
Millennium Management LLC306,085$4.9M0.0%+46,644

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Oct 28, 2020Susan A. Davis, HouseBuy$15,001 - $50,000−210.4%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Canadian Solar Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCanadian Solar Inc.2
  • CIK0001375877
  • Filer statusLarge accelerated filer not an emerging growth company; not a shell company7
  • Incorporated inOntario7
  • Fiscal year endsDecember 312
  • Industry code (SIC)3674 Semiconductors & Related Devices2
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance2
  • Business address4273 King Street East, Suite 102, Kitchener, A6 N2P 2E92
  • Mailing address66 Wellington Street West, Suite 4100, Toronto, A6 M5K 1B72
  • Phone519-837-18812
  • Shares outstanding67,810,136 shares as of Dec 31, 20257
  • AuditorDeloitte Touche Tohmatsu Certified Public Accountants LLP, Shanghai, China PCAOB ID 1113; it also attests to the company’s internal control over financial reporting7
  • On EDGAR sinceOct 23, 20062
  • Filings564 in all: 6-K (283), 4 (41), SC 13G/A (29), 144 (26), SC 13G (24), 20-F (20), UPLOAD (16), CORRESP (13)2
    All 37 form types

    SD (13), SCHEDULE 13G/A (12), 3 (11), 424B5 (10), SC 13D/A (10), SC TO-I/A (6), 3/A (4), EFFECT (4), S-8 (4), SCHEDULE 13G (4), 20-F/A (3), CT ORDER (3), F-1/A (3), F-3/A (3), F-3ASR (3), 4/A (2), 424B3 (2), F-3 (2), SC 13D (2), SC TO-I (2), 424B2 (1), 424B4 (1), 8-A12B (1), CERTNAS (1), F-1 (1), FWP (1), NT 20-F (1), POS AM (1), PX14A6G (1)

  • Latest filingsAnnual report (20-F) Apr 10, 2026

Securities registered for trading

ClassSymbolExchange
Common shares with no par valueCSIQNASDAQ

From the cover page of the 20-F filed Apr 10, 2026 (Section 12(b) of the Exchange Act).7

Sources

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