Canadian Solar (CSIQ) Operating Expenses (2009 - 2026)
Canadian Solar's (CSIQ) quarterly Operating Expenses came in at $239.5 million in Q2 2026, down 36.56% on a YoY basis from $377.6 million in Q2 2025, and up 21.0% quarter-over-quarter from $198.0 million in Q1 2026.
Analysis
Canadian Solar (CSIQ) Operating Expenses (2009 - 2026) Analysis & Trends
Canadian Solar (CSIQ) has reported Operating Expenses for 18 consecutive years, with $239.5 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 36.56% year-over-year to $239.5 million; the trailing twelve-month figure through Jun 2026 stood at $847.7 million (down 27.19% YoY), and the FY2025 full-year result was $983.1 million, down 4.5% from the prior year.
- Operating Expenses improved to $239.5 million in Q2 2026 per CSIQ's latest filing, from $198.0 million in the prior quarter.
- Across five years, Operating Expenses topped out at $377.6 million in Q2 2025 and bottomed at $165.4 million in Q1 2022.
- Historically, Operating Expenses has averaged $232.4 million across 5 years, with a median of $219.1 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Operating Expenses soared 61.7% in 2024, then sank 45.24% in 2025.
- Over 5 years, Operating Expenses stood at $212.9 million in 2022, then retreated by 0.02% to $212.8 million in 2023, then jumped by 61.7% to $344.1 million in 2024, then tumbled by 45.24% to $188.5 million in 2025, then gained by 27.1% to $239.5 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $239.5 million, $198.0 million, and $188.5 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 21.88 Bn | 20.15 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 12.39 Bn | 11.18 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 4.85 Bn | 3.91 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Solaredge Technologies | 2.15 Bn | 1.57 Bn | 95.15 Mn | 111.20 Mn |
| 5 | T1 Energy | 1.36 Bn | 1.15 Bn | 49.10 Mn | 71.88 Mn |
| 6 | Shoals Technologies | 1.18 Bn | 1.17 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 910.82 Mn | -555.68 Mn | 168.48 Mn | 239.53 Mn |
| 8 | Array Technologies | 687.01 Mn | 379.71 Mn | 99.60 Mn | 64.84 Mn |
| 9 | JinkoSolar Holding | 638.26 Mn | -2.04 Bn | 75.62 Mn | -287.32 Mn |
| 10 | Toyo | 131.23 Mn | 21.19 Mn | 36.97 Mn | -14.41 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 239.53 Mn |
| Mar 31, 2026 | 197.95 Mn |
| 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 |