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| Date | Value |
|---|---|
| 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 |