Canadian Solar (CSIQ) Research & Development (2009 - 2026)
Canadian Solar's Research & Development came in at $20.8 million for Q2 2026, down 15.9% from $24.72 million a year earlier but up 0.4% from the prior quarter.
Powered by 
Analysis
Canadian Solar (CSIQ) Research & Development (2009 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Canadian Solar reported Research & Development of $83.2 million, down 24.3% year-over-year; for FY2025, it was $90.69 million, down 24.9% from FY2024.
- Research & Development carries a five-year compound annual growth rate of 15.0% (FY2020 to FY2025).
- Going back by year, Research & Development was $120.79 million in FY2024 (+19.8%), $100.84 million in FY2023 (+44.4%), $69.82 million in FY2022 (+19.5%) and $58.41 million in FY2021 (+29.3%).
- The five-year range for quarterly Research & Development is $13.28 million (Q1 2022) to $34.28 million (Q1 2024).
- Year-over-year, Research & Development has declined for seven consecutive quarters, with an average decline of 15.5% over the last eight quarters.
- The fastest year-over-year change in Research & Development over five years came in Q1 2024 (growth of 98.1%), and the weakest in Q3 2025 (a decline of 34.3%).
- Business Quant data shows CSIQ's Research & Development at $20.72 million (Q1 2026), $21.68 million (Q4 2025) and $20 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | GE Vernova | 252.99 Bn | 214.06 Bn | 2.36 Bn | 334.00 Mn |
| 2 | Bloom Energy | 81.25 Bn | 73.07 Bn | 355.57 Mn | 58.87 Mn |
| 3 | First Solar | 18.82 Bn | 9.78 Bn | 605.00 Mn | 76.24 Mn |
| 4 | BWX Technologies | 12.55 Bn | 10.85 Bn | 202.31 Mn | 4.17 Mn |
| 5 | Generac Holdings | 12.21 Bn | 11.04 Bn | 521.81 Mn | 65.78 Mn |
| 6 | Nextpower | 11.82 Bn | 7.71 Bn | 335.85 Mn | 44.51 Mn |
| 7 | EnerSys | 6.67 Bn | 4.86 Bn | 313.36 Mn | - |
| 8 | Enphase Energy | 4.36 Bn | -500.13 Mn | 175.01 Mn | 45.66 Mn |
| 9 | Mirion Technologies | 3.45 Bn | 1.34 Bn | 133.10 Mn | 10.10 Mn |
| 10 | Canadian Solar | 781.17 Mn | -5.03 Bn | 168.48 Mn | 20.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 20.80 Mn |
| Mar 31, 2026 | 20.72 Mn |
| Dec 31, 2025 | 21.68 Mn |
| Sep 30, 2025 | 20.00 Mn |
| Jun 30, 2025 | 24.72 Mn |
| Mar 31, 2025 | 24.28 Mn |
| Dec 31, 2024 | 30.48 Mn |
| Sep 30, 2024 | 30.46 Mn |
| Jun 30, 2024 | 25.58 Mn |
| Mar 31, 2024 | 34.28 Mn |
| Dec 31, 2023 | 31.50 Mn |
| Sep 30, 2023 | 28.90 Mn |
| Jun 30, 2023 | 23.14 Mn |
| Mar 31, 2023 | 17.31 Mn |
| Dec 31, 2022 | 20.61 Mn |
| Sep 30, 2022 | 17.89 Mn |
| Jun 30, 2022 | 18.05 Mn |
| Mar 31, 2022 | 13.28 Mn |
| Dec 31, 2021 | 19.31 Mn |
| Sep 30, 2021 | 13.49 Mn |
API Access
Canadian Solar Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CSIQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CSIQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CSIQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();