Canadian Solar (CSIQ) EBITDA (2009 - 2025)
Canadian Solar (CSIQ) recorded quarterly EBITDA of -$64.1 million in Q4 2025, down 285.21% on a QoQ basis from $34.6 million in Q3 2025, and up 49.6% year-over-year from -$42.8 million in Q4 2024.
Canadian Solar (CSIQ) EBITDA (2009 - 2025) Analysis & Trends
Canadian Solar has disclosed EBITDA across 17 years of filings, most recently posting -$64.1 million for 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 (up 243.47% YoY) and the FY2025 annual result came in at -$35.2 million, down 16.97% from the prior year.
- EBITDA retreated to -$64.1 million in Q4 2025, from $34.6 million in the prior quarter.
- Over five years, EBITDA peaked at $224.1 million in Q2 2023 and troughed at -$127.1 million in Q4 2024.
- A 5-year average of $50.6 million and a median of $48.4 million in 2024 frame the typical range for EBITDA.
- Annual changes were most pronounced in 2024 — EBITDA plunged 22127.21% — and 2025, when it jumped 11664.97%.
- Tracing CSIQ's EBITDA over 5 years: stood at $67.4 million in 2021, then soared by 101.35% to $135.8 million in 2022, then sank by 99.57% to $577000.0 in 2023, then tumbled by 22127.21% to -$127.1 million in 2024, then jumped by 49.6% to -$64.1 million in 2025.
- Business Quant data shows CSIQ's EBITDA at -$64.1 million in Q4 2025, $34.6 million in Q3 2025, and $127.4 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn | 345.30 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn | 153.59 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn | -29.64 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn | -55.04 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn | -43.51 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn | 9.92 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn | 9.51 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn | -84.91 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn | -2.41 Mn |
| 10 | Canadian Solar | 41,875.00 | 578.43 Mn | 124.40 Mn | -64.06 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 294,000.00 |
| 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 |