Canadian Solar (CSIQ) Operating Expenses (2009 - 2025)
Canadian Solar (CSIQ) reported Operating Expenses of $188.5 million for Q4 2025, down 45.24% year-on-year from $344.1 million in Q4 2024, and down 15.0% quarter-over-quarter from $221.7 million in Q3 2025.
Canadian Solar (CSIQ) has 17 years of Operating Expenses data on file, last reported at $188.5 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Expenses fell 45.24% year-over-year to $188.5 million; the trailing twelve-month figure through Dec 2025 stood at $983.1 million (down 4.5% YoY), and the FY2025 full-year result was $983.1 million, down 4.5% from the prior year.
- Operating Expenses for Q4 2025 stood at $188.5 million, down from $221.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $377.6 million in Q2 2025 and bottomed at $151.1 million in Q1 2021.
- A 5-year average of $223.3 million and a median of $214.7 million in 2022 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses jumped 68.73% in 2021 and slumped 45.24% in 2025, its largest moves.
- Tracing CSIQ's Operating Expenses over 5 years: stood at $233.9 million in 2021, then slipped by 8.98% to $212.9 million in 2022, then decreased by 0.02% to $212.8 million in 2023, then surged by 61.7% to $344.1 million in 2024, then slumped by 45.24% to $188.5 million in 2025.
- According to Business Quant data, Operating Expenses over the past three periods registered $188.5 million, $221.7 million, and $377.6 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 140.83 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 143.79 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 188.46 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 130.04 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 123.32 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 765.74 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | 33.29 Mn |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | 55.90 Mn |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -232.93 Mn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 13.20 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 188.46 Mn |
| Sep 30, 2025 | 221.71 Mn |
| Jun 30, 2025 | 377.60 Mn |
| Mar 31, 2025 | 195.30 Mn |
| Dec 31, 2024 | 344.13 Mn |
| Sep 30, 2024 | 247.14 Mn |
| Jun 30, 2024 | 234.44 Mn |
| Mar 31, 2024 | 203.68 Mn |
| Dec 31, 2023 | 212.83 Mn |
| Sep 30, 2023 | 224.99 Mn |
| Jun 30, 2023 | 216.45 Mn |
| Mar 31, 2023 | 172.40 Mn |
| Dec 31, 2022 | 212.87 Mn |
| Sep 30, 2022 | 273.90 Mn |
| Jun 30, 2022 | 254.93 Mn |
| Mar 31, 2022 | 165.38 Mn |
| Dec 31, 2021 | 233.87 Mn |
| Sep 30, 2021 | 175.54 Mn |
| Jun 30, 2021 | 158.41 Mn |
| Mar 31, 2021 | 151.12 Mn |
| Dec 31, 2020 | 138.61 Mn |
| Sep 30, 2020 | 119.37 Mn |
| Jun 30, 2020 | 101.74 Mn |
| Mar 31, 2020 | 109.76 Mn |
| Dec 31, 2019 | 118.08 Mn |
| Sep 30, 2019 | 118.81 Mn |
| Jun 30, 2019 | 121.90 Mn |
| Mar 31, 2019 | 100.83 Mn |
| Dec 31, 2018 | 134.75 Mn |
| Sep 30, 2018 | 104.49 Mn |
| Jun 30, 2018 | 105.50 Mn |
| Mar 31, 2018 | 65.70 Mn |
| Dec 31, 2017 | 88.39 Mn |
| Sep 30, 2017 | 102.03 Mn |
| Jun 30, 2017 | 84.09 Mn |
| Mar 31, 2017 | 93.74 Mn |
| Dec 31, 2016 | 60.72 Mn |
| Sep 30, 2016 | 90.32 Mn |
| Jun 30, 2016 | 98.89 Mn |
| Mar 31, 2016 | 74.10 Mn |
| Dec 31, 2015 | 95.17 Mn |
| Sep 30, 2015 | 95.94 Mn |
| Jun 30, 2015 | 64.05 Mn |
| Mar 31, 2015 | 74.24 Mn |
| Dec 31, 2014 | 68.91 Mn |
| Sep 30, 2014 | 53.20 Mn |
| Jun 30, 2014 | 50.53 Mn |
| Mar 31, 2014 | 42.03 Mn |
| Dec 31, 2013 | 55.96 Mn |
| Sep 30, 2013 | 44.94 Mn |
| Jun 30, 2013 | 36.44 Mn |
| Mar 31, 2013 | 754,000.00 |
| Dec 31, 2012 | 106.35 Mn |
| Sep 30, 2012 | 41.77 Mn |
| Jun 30, 2012 | 46.24 Mn |
| Mar 31, 2012 | 38.51 Mn |
| Dec 31, 2011 | 62.90 Mn |
| Sep 30, 2011 | 42.61 Mn |
| Jun 30, 2011 | 38.66 Mn |
| Mar 31, 2011 | 31.28 Mn |
| Dec 31, 2010 | 34.88 Mn |
| Sep 3, 2010 | 48.29 Mn |
| Jun 30, 2010 | 27.59 Mn |
| Mar 31, 2010 | 20.71 Mn |
| Dec 31, 2009 | 39.70 Mn |
| Sep 30, 2009 | 14.86 Mn |
| Jun 30, 2009 | 10.17 Mn |
| Mar 31, 2009 | 6.87 Mn |