Canadian Solar (CSIQ) Net Cash Flow (2012 - 2025)
Canadian Solar's (CSIQ) quarterly Net Cash Flow came in at -$341.8 million in Q4 2025, up 20.51% YoY from -$283.6 million in Q4 2024, and down 282.66% on a QoQ basis from -$89.3 million in Q3 2025.
Canadian Solar (CSIQ) Net Cash Flow (2012 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has 8 years of Net Cash Flow data on file, last reported at -$341.8 million in Q4 2025.
- Quarterly Net Cash Flow rose 20.51% year-over-year to -$341.8 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$408.7 million (up 22.56% YoY) and the FY2025 annual result came in at -$408.7 million, up 22.56% from the prior year.
- Net Cash Flow slipped to -$341.8 million in Q4 2025, from -$89.3 million in the prior quarter.
- In the past five years, Net Cash Flow ranged from a high of $1.3 billion in Q2 2023 to a low of -$640.4 million in Q2 2024.
- A 4-year average of $36.5 million and a median of -$48.9 million in 2022 frame the typical range for Net Cash Flow.
- Annual changes were most pronounced in 2024 — Net Cash Flow surged 339.35% — and 2025, when it plunged 17963.96%.
- Tracing CSIQ's Net Cash Flow over 4 years: stood at -$48.9 million in 2022, then plunged by 69.92% to -$83.2 million in 2023, then plunged by 417.04% to -$430.0 million in 2024, then advanced by 20.51% to -$341.8 million in 2025.
- The last three Net Cash Flow figures came in at -$341.8 million (Q4 2025), -$89.3 million (Q3 2025), and $211.3 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.02 Bn | 21.29 Bn | 605.00 Mn | -679.69 Mn |
| 2 | Nextpower | 13.01 Bn | 11.80 Bn | 335.85 Mn | 118.92 Mn |
| 3 | Enphase Energy | 5.08 Bn | 4.14 Bn | 175.01 Mn | 32.42 Mn |
| 4 | Sunrun | 2.18 Bn | 2.18 Bn | 527.54 Mn | 47.11 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 22.12 Mn |
| 6 | Shoals Technologies | 1.19 Bn | 1.17 Bn | 49.53 Mn | 13.85 Mn |
| 7 | Canadian Solar | 981.42 Mn | -606.86 Mn | 124.40 Mn | -341.77 Mn |
| 8 | JinkoSolar Holding | 834.26 Mn | -2.47 Bn | 147.66 Mn | - |
| 9 | Array Technologies | 727.02 Mn | 419.71 Mn | 99.60 Mn | 104.13 Mn |
| 10 | Toyo | 181.99 Mn | 105.35 Mn | 47.76 Mn | 13.01 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -341.77 Mn |
| Dec 31, 2025 | -341.77 Mn |
| Sep 30, 2025 | -89.31 Mn |
| Sep 30, 2025 | -89.31 Mn |
| Jun 30, 2025 | 211.31 Mn |
| Jun 30, 2025 | 211.31 Mn |
| Mar 31, 2025 | -188.95 Mn |
| Mar 31, 2025 | -188.95 Mn |
| Dec 31, 2024 | -429.98 Mn |
| Dec 31, 2024 | -429.98 Mn |
| Sep 30, 2024 | 543.62 Mn |
| Sep 30, 2024 | 543.62 Mn |
| Jun 30, 2024 | -640.41 Mn |
| Jun 30, 2024 | -640.41 Mn |
| Mar 31, 2024 | -1.05 Mn |
| Mar 31, 2024 | -1.05 Mn |
| Dec 31, 2023 | -83.16 Mn |
| Dec 31, 2023 | -83.16 Mn |
| Sep 30, 2023 | -227.13 Mn |
| Sep 30, 2023 | -227.13 Mn |