Canadian Solar (CSIQ) Interest Expenses (2012 - 2025)

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

Canadian Solar (CSIQ) Interest Expenses (2012 - 2025) Analysis & Trends

Canadian Solar has disclosed Interest Expenses across 14 years of filings, most recently posting -$48.5 million for 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, up 29.61% from the prior year.
  • Interest Expenses fell to -$48.5 million in Q4 2025, from -$44.4 million in the prior quarter.
  • Over five years, Interest Expenses peaked at -$13.2 million in Q3 2021 and troughed at -$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 increased 26.59% — and 2024, when it slumped 70.52%.
  • Tracing CSIQ's Interest Expenses over 5 years: stood at -$15.5 million in 2021, then sank by 30.02% to -$20.2 million in 2022, then plunged by 64.63% to -$33.2 million in 2023, then retreated by 6.46% to -$35.4 million in 2024, then plunged by 36.91% to -$48.5 million in 2025.
  • Business Quant data shows CSIQ's Interest Expenses at -$48.5 million in Q4 2025, -$44.4 million in Q3 2025, and -$44.8 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 First Solar 28.68 Bn 26.25 Bn 486.13 Mn 7.62 Mn
2 Nextpower 18.03 Bn 16.93 Bn 297.38 Mn -
3 Enphase Energy 7.16 Bn 6.23 Bn 100.39 Mn 633,000.00
4 Solaredge Technologies 3.68 Bn 3.13 Bn 68.28 Mn -
5 Sunrun 3.02 Bn 3.91 Bn 543.70 Mn -
6 Shoals Technologies 1.75 Bn 1.75 Bn 41.01 Mn 2.90 Mn
7 Array Technologies 1.19 Bn 987.00 Mn 63.00 Mn 5.56 Mn
8 JinkoSolar Holding 596.69 Mn 2.20 Bn 147.66 Mn -
9 Tigo Energy 209.39 Mn 197.82 Mn 10.79 Mn 1,000.00
10 Canadian Solar 41,875.00 578.43 Mn 124.40 Mn -48.46 Mn

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