Canadian Solar (CSIQ) Retained Earnings (2009 - 2025)
Canadian Solar (CSIQ) posted quarterly Retained Earnings of -$78.1 million for Q4 2025, down 104.93% year-on-year from $1.6 billion in Q4 2024, and up 99.93% on a QoQ basis from -$114.8 billion in Q3 2025.
Canadian Solar (CSIQ) Retained Earnings (2009 - 2025) Analysis & Trends
Canadian Solar (CSIQ) has reported Retained Earnings for 17 consecutive years, with -$78.1 million the latest figure, recorded in Q4 2025.
- Quarterly Retained Earnings fell 104.93% year-over-year to -$78.1 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$78.1 million (down 104.93% YoY) and the FY2025 annual result came in at -$78.1 million, down 104.93% from the prior year.
- Retained Earnings rose to -$78.1 million in Q4 2025 per CSIQ's latest filing, from -$114.8 billion in the prior quarter.
- Over the last five years, Retained Earnings for CSIQ reached as high as $1.6 billion in Q4 2024 and fell as low as -$114.8 billion in Q3 2025.
- A 5-year average of -$5.8 billion and a median of -$134.2 million in 2023 frame the typical range for Retained Earnings.
- Annual changes were most pronounced in 2024 — Retained Earnings soared 1435.44% — and 2025, when it plunged 113026.55%.
- Year by year, Retained Earnings stood at -$50.6 million in 2021, then slumped by 237.16% to -$170.6 million in 2022, then soared by 30.38% to -$118.7 million in 2023, then surged by 1435.44% to $1.6 billion in 2024, then tumbled by 104.93% to -$78.1 million in 2025.
- According to Business Quant data, Retained Earnings over the past three periods registered -$78.1 million, -$114.8 billion, and -$115.2 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Retained Earnings (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn | -168.20 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn | -1.97 Bn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn | -5.82 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn | - |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn | -1.49 Bn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn | 64.41 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn | 131.86 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn | -78.13 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn | -8.16 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 Mn | 118.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -78.13 Mn |
| Sep 30, 2025 | -114.81 Bn |
| Jun 30, 2025 | -115.18 Mn |
| Mar 31, 2025 | -199.86 Mn |
| Dec 31, 2024 | 1.59 Bn |
| Sep 30, 2024 | -101.49 Mn |
| Jun 30, 2024 | -215.62 Mn |
| Mar 31, 2024 | -166.04 Mn |
| Dec 31, 2023 | -118.74 Mn |
| Sep 30, 2023 | -179.65 Mn |
| Jun 30, 2023 | -158.78 Mn |
| Mar 31, 2023 | -149.72 Mn |
| Dec 31, 2022 | -170.55 Mn |
| Sep 30, 2022 | -236.60 Mn |
| Jun 30, 2022 | -152.21 Mn |
| Mar 31, 2022 | -44.28 Mn |
| Dec 31, 2021 | -50.58 Mn |
| Sep 30, 2021 | -68.02 Mn |
| Jun 30, 2021 | -45.72 Mn |
| Mar 31, 2021 | -53.87 Mn |