Canadian Solar (CSIQ) EBITDA (2009 - 2025)

Canadian Solar (CSIQ) posted quarterly EBITDA of -$64.1 million for Q4 2025, up 49.6% year-on-year from -$42.8 million in Q4 2024, and down 285.21% on a QoQ basis from $34.6 million in Q3 2025.

Canadian Solar (CSIQ) EBITDA (2009 - 2025) Analysis & Trends

Canadian Solar (CSIQ) has reported EBITDA for 17 consecutive years, with -$64.1 million the latest figure, recorded in Q4 2025.

  • Quarterly EBITDA rose 49.6% year-over-year to -$64.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $43.2 million (down 99.99% YoY) and the FY2025 annual result came in at $43.2 million, up 243.47% from the prior year.
  • EBITDA retreated to -$64.1 million in Q4 2025 per CSIQ's latest filing, from $34.6 million in the prior quarter.
  • Over the last five years, EBITDA for CSIQ reached as high as $294.0 billion in Q3 2024 and fell as low as -$127.1 million in Q4 2024.
  • A 5-year average of $14.8 billion and a median of $51.1 million in 2021 frame the typical range for EBITDA.
  • The largest YoY upside for EBITDA was 354048.6% in 2024 against a maximum downside of 22127.21% in 2024.
  • Year by year, EBITDA stood at $67.4 million in 2021, then jumped by 101.35% to $135.8 million in 2022, then plunged by 99.57% to $577000.0 in 2023, then slumped by 22127.21% to -$127.1 million in 2024, then surged by 49.6% to -$64.1 million in 2025.
  • According to Business Quant data, EBITDA over the past three periods registered -$64.1 million, $34.6 million, and $127.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 345.30 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 153.59 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn -29.64 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -84.91 Mn
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn -55.04 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn -43.51 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 7.72 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -64.06 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 7.11 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn 36.27 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 -64.06 Mn
Sep 30, 2025 34.59 Mn
Jun 30, 2025 127.43 Mn
Mar 31, 2025 -54.81 Mn
Dec 31, 2024 -127.10 Mn
Sep 30, 2024 294.00 Bn
Jun 30, 2024 47.65 Mn
Mar 31, 2024 49.07 Mn
Dec 31, 2023 577,000.00
Sep 30, 2023 83.02 Mn
Jun 30, 2023 224.12 Mn
Mar 31, 2023 145.60 Mn
Dec 31, 2022 135.76 Mn
Sep 30, 2022 88.67 Mn
Jun 30, 2022 116.12 Mn
Mar 31, 2022 15.52 Mn
Dec 31, 2021 67.43 Mn
Sep 30, 2021 53.09 Mn
Jun 30, 2021 26.38 Mn
Mar 31, 2021 43.48 Mn