Canadian Solar (CSIQ) Operating Expenses (2009 - 2025)

Canadian Solar (CSIQ) has reported Operating Expenses for 17 consecutive years, with $188.5 million the latest figure, recorded in Q4 2025.

• Quarterly Operating Expenses fell 45.24% year-over-year to $188.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $983.1 million (down 4.5% YoY) and the FY2025 annual result came in at $983.1 million, down 4.5% from the prior year.
• Operating Expenses eased to $188.5 million in Q4 2025 per CSIQ's latest filing, from $221.7 million in the prior quarter.
• Over the last five years, Operating Expenses for CSIQ reached as high as $377.6 million in Q2 2025 and fell as low as $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.
• Annual changes were most pronounced in 2021 — Operating Expenses surged 68.73% — and 2025, when it tumbled 45.24%.
• Year by year, Operating Expenses 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.