Canadian Solar (CSIQ) Research & Development (2009 - 2025)
Canadian Solar (CSIQ) reported Research & Development of $21.7 million for Q4 2025, down 28.85% year-on-year from $30.5 million in Q4 2024, and up 8.42% quarter-over-quarter from $20.0 million in Q3 2025.
Canadian Solar (CSIQ) has 17 years of Research & Development data on file, last reported at $21.7 million in Q4 2025.
- For the quarter ending Q4 2025, Research & Development fell 28.85% year-over-year to $21.7 million; the trailing twelve-month figure through Dec 2025 stood at $90.7 million (down 24.92% YoY), and the FY2025 full-year result was $90.7 million, down 24.92% from the prior year.
- Research & Development for Q4 2025 stood at $21.7 million, up from $20.0 million in the prior quarter.
- Across five years, Research & Development topped out at $34.3 million in Q1 2024 and bottomed at $12.4 million in Q1 2021.
- A 5-year average of $22.0 million and a median of $21.1 million in 2022 frame the typical range for Research & Development.
- Across the five-year window, Research & Development jumped 98.06% in 2024 and slumped 34.34% in 2025, its largest moves.
- Tracing CSIQ's Research & Development over 5 years: stood at $19.3 million in 2021, then climbed by 6.74% to $20.6 million in 2022, then surged by 52.88% to $31.5 million in 2023, then declined by 3.26% to $30.5 million in 2024, then fell by 28.85% to $21.7 million in 2025.
- According to Business Quant data, Research & Development over the past three periods registered $21.7 million, $20.0 million, and $24.7 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 26.65 Bn | 24.22 Bn | 486.13 Mn | 66.94 Mn |
| 2 | Nextpower | 17.99 Bn | 16.90 Bn | 297.38 Mn | 43.17 Mn |
| 3 | Canadian Solar | 15.11 Bn | 15.69 Bn | 124.40 Mn | 21.68 Mn |
| 4 | Enphase Energy | 8.19 Bn | 7.26 Bn | 100.39 Mn | 44.87 Mn |
| 5 | Solaredge Technologies | 3.80 Bn | 3.25 Bn | 68.28 Mn | 50.16 Mn |
| 6 | Sunrun | 3.38 Bn | 4.27 Bn | 543.70 Mn | 10.14 Mn |
| 7 | Shoals Technologies | 1.60 Bn | 1.60 Bn | 41.01 Mn | - |
| 8 | Array Technologies | 1.25 Bn | 1.05 Bn | 63.00 Mn | - |
| 9 | JinkoSolar Holding | 677.44 Mn | 2.29 Bn | 147.66 Mn | -33.12 Mn |
| 10 | Tigo Energy | 288.14 Mn | 276.56 Mn | 10.79 Mn | 2.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 13.16 Mn |
| Mar 31, 2021 | 12.45 Mn |
| Dec 31, 2020 | 10.04 Mn |
| Sep 30, 2020 | 14.15 Mn |
| Jun 30, 2020 | 10.92 Mn |
| Mar 31, 2020 | 10.06 Mn |
| Dec 31, 2019 | 10.18 Mn |
| Sep 30, 2019 | 11.57 Mn |
| Jun 30, 2019 | 12.13 Mn |
| Mar 31, 2019 | 13.17 Mn |
| Dec 31, 2018 | 15.42 Mn |
| Sep 30, 2018 | 10.14 Mn |
| Jun 30, 2018 | 9.13 Mn |
| Mar 31, 2018 | 9.50 Mn |
| Dec 31, 2017 | 8.56 Mn |
| Sep 30, 2017 | 7.27 Mn |
| Jun 30, 2017 | 7.32 Mn |
| Mar 31, 2017 | 5.62 Mn |
| Dec 31, 2016 | 3.20 Mn |
| Sep 30, 2016 | 4.65 Mn |
| Jun 30, 2016 | 5.05 Mn |
| Mar 31, 2016 | 4.51 Mn |
| Dec 31, 2015 | 4.82 Mn |
| Sep 30, 2015 | 4.06 Mn |
| Jun 30, 2015 | 4.32 Mn |
| Mar 31, 2015 | 3.87 Mn |
| Dec 31, 2014 | 3.41 Mn |
| Sep 30, 2014 | 3.18 Mn |
| Jun 30, 2014 | 2.91 Mn |
| Mar 31, 2014 | 2.55 Mn |
| Dec 31, 2013 | 3.23 Mn |
| Sep 30, 2013 | 2.97 Mn |
| Jun 30, 2013 | 3.04 Mn |
| Mar 31, 2013 | 244,000.00 |
| Dec 31, 2012 | 3.13 Mn |
| Sep 30, 2012 | 3.38 Mn |
| Jun 30, 2012 | 3.46 Mn |
| Mar 31, 2012 | 3.03 Mn |
| Dec 31, 2011 | 5.01 Mn |
| Sep 30, 2011 | 7.89 Mn |
| Jun 30, 2011 | 4.89 Mn |
| Mar 31, 2011 | 2.05 Mn |
| Dec 31, 2010 | 2.06 Mn |
| Sep 3, 2010 | 3.52 Mn |
| Jun 30, 2010 | 1.69 Mn |
| Mar 31, 2010 | 1.83 Mn |
| Dec 31, 2009 | 3.18 Mn |
| Sep 30, 2009 | 964,000.00 |
| Jun 30, 2009 | 530,000.00 |
| Mar 31, 2009 | 470,000.00 |