JinkoSolar Holding (JKS) Operating Expenses (2009 - 2026)
JinkoSolar Holding (JKS) posted Operating Expenses of -$232.9 million for Q1 2026, down 149.18% sequentially from $473.6 million in Q4 2025, and up 32.72% YoY from -$175.5 million in Q1 2025.
JinkoSolar Holding (JKS) Operating Expenses (2009 - 2026) Analysis & Trends
JinkoSolar Holding has reported Operating Expenses for 18 years, with the latest figure at -$232.9 million in Q1 2026.
- Quarterly Operating Expenses rose 32.72% year-over-year to -$232.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was -$388.6 million (up 85.97% YoY) and the FY2025 annual result came in at $1.5 billion, down 19.66% from the prior year.
- Operating Expenses retreated to -$232.9 million in Q1 2026 per JKS's latest filing, from $473.6 million in the prior quarter.
- Over five years, Operating Expenses peaked at $473.6 million in Q4 2025 and troughed at -$1.5 billion in Q3 2024.
- A 5-year average of -$469.4 million and a median of -$422.9 million in 2022 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses slumped 330.0% in 2022, then soared 224.84% in 2025.
- Over 5 years, Operating Expenses stood at -$521.1 million in 2022, then dropped by 1.05% to -$526.5 million in 2023, then climbed by 27.95% to -$379.4 million in 2024, then jumped by 224.84% to $473.6 million in 2025, then plunged by 149.18% to -$232.9 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered -$232.9 million, $473.6 million, and -$363.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | First Solar | 23.09 Bn | 21.36 Bn | 605.00 Mn | 154.62 Mn |
| 2 | Nextpower | 13.09 Bn | 11.87 Bn | 335.85 Mn | 144.95 Mn |
| 3 | Enphase Energy | 5.06 Bn | 4.12 Bn | 175.01 Mn | 123.50 Mn |
| 4 | Sunrun | 2.20 Bn | 2.20 Bn | 527.54 Mn | 835.20 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn | 111.20 Mn |
| 6 | Shoals Technologies | 1.21 Bn | 1.20 Bn | 49.53 Mn | 30.80 Mn |
| 7 | Canadian Solar | 979.54 Mn | -608.75 Mn | 124.40 Mn | 188.46 Mn |
| 8 | JinkoSolar Holding | 835.57 Mn | -2.47 Bn | 147.66 Mn | -232.93 Mn |
| 9 | Array Technologies | 723.94 Mn | 416.64 Mn | 99.60 Mn | 64.84 Mn |
| 10 | Toyo | 177.47 Mn | 100.83 Mn | 47.76 Mn | -11.49 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -232.93 Mn |
| Dec 31, 2025 | 473.59 Mn |
| Sep 30, 2025 | -363.34 Mn |
| Jun 30, 2025 | -265.95 Mn |
| Mar 31, 2025 | -346.20 Mn |
| Dec 31, 2024 | -379.36 Mn |
| Sep 30, 2024 | -1.52 Bn |
| Jun 30, 2024 | -524.92 Mn |
| Mar 31, 2024 | -425.84 Mn |
| Dec 31, 2023 | -526.53 Mn |
| Sep 30, 2023 | -1.26 Bn |
| Jun 30, 2023 | -447.43 Mn |
| Mar 31, 2023 | -411.97 Mn |
| Dec 31, 2022 | -521.06 Mn |
| Sep 30, 2022 | -422.93 Mn |
| Jun 30, 2022 | -456.97 Mn |
| Mar 31, 2022 | -344.81 Mn |
| Dec 31, 2021 | -338.71 Mn |
| Sep 30, 2021 | 183.88 Mn |
| Jun 30, 2021 | -155.31 Mn |