Canadian Solar (CSIQ) Interest Expenses (2011 - 2025)

Canadian Solar (CSIQ) posted quarterly Interest Expenses of -$48.5 million for Q4 2025, down 36.91% year-on-year from -$76.8 million in Q4 2024, and down 9.11% on a QoQ basis from -$44.4 million in Q3 2025.

Canadian Solar (CSIQ) Interest Expenses (2011 - 2025) Analysis & Trends

Canadian Solar (CSIQ) has reported Interest Expenses for 15 consecutive years, with -$48.5 million the latest figure, recorded in Q4 2025.

  • Quarterly Interest Expenses fell 36.91% year-over-year to -$48.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$178.2 million (down 29.61% YoY) and the FY2025 annual result came in at $178.2 million, down 10.61% from the prior year.
  • Interest Expenses fell to -$48.5 million in Q4 2025 per CSIQ's latest filing, from -$44.4 million in the prior quarter.
  • Over the last five years, Interest Expenses for CSIQ reached as high as -$13.2 million in Q3 2021 and fell as low as -$48.5 million in Q4 2025.
  • A 5-year average of -$28.1 million and a median of -$30.2 million in 2023 frame the typical range for Interest Expenses.
  • Annual changes were most pronounced in 2021 — Interest Expenses rose 26.59% — and 2024, when it sank 70.52%.
  • Year by year, Interest Expenses stood at -$15.5 million in 2021, then plunged by 30.02% to -$20.2 million in 2022, then tumbled by 64.63% to -$33.2 million in 2023, then decreased by 6.46% to -$35.4 million in 2024, then tumbled by 36.91% to -$48.5 million in 2025.
  • According to Business Quant data, Interest Expenses over the past three periods registered -$48.5 million, -$44.4 million, and -$44.8 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 First Solar 22.08 Bn 19.65 Bn 486.13 Mn 56.27 Mn
2 Nextpower 15.32 Bn 14.23 Bn 297.38 Mn 26.55 Mn
3 Enphase Energy 4.98 Bn 4.05 Bn 100.39 Mn 28.41 Mn
4 JinkoSolar Holding 3.20 Bn -107.75 Mn 147.66 Mn -
5 Solaredge Technologies 2.60 Bn 2.04 Bn 68.28 Mn 83.69 Mn
6 Sunrun 2.35 Bn 687.09 Mn 407.49 Mn 210.73 Mn
7 Shoals Technologies 1.55 Bn 1.55 Bn 41.01 Mn 2.90 Mn
8 Canadian Solar 925.64 Mn 166.07 Mn 124.40 Mn -48.46 Mn
9 Array Technologies 843.55 Mn 642.85 Mn 63.00 Mn 28.38 Mn
10 Toyo 182.74 Mn 106.10 Mn 47.76 Mn -785,260.00

Historic Data

Download Data
DateValue
Dec 31, 2025 -48.46 Mn
Dec 31, 2025 -48.46 Mn
Sep 30, 2025 -44.41 Mn
Sep 30, 2025 -44.41 Mn
Jun 30, 2025 -44.81 Mn
Jun 30, 2025 -44.81 Mn
Mar 31, 2025 -40.49 Mn
Mar 31, 2025 -40.49 Mn
Dec 31, 2024 -35.40 Mn
Dec 31, 2024 -35.40 Mn
Sep 30, 2024 -34.18 Mn
Sep 30, 2024 -34.18 Mn
Jun 30, 2024 -33.02 Mn
Jun 30, 2024 -33.02 Mn
Mar 31, 2024 -34.87 Mn
Mar 31, 2024 -34.87 Mn
Dec 31, 2023 -33.25 Mn
Dec 31, 2023 -33.25 Mn
Sep 30, 2023 -29.95 Mn
Sep 30, 2023 -29.95 Mn