Domestic Sales was Daqo New Energy’s largest revenue line in fiscal 2025, bringing in $660.02M of $665.42M (99%).
| Contract with Customer, Sales Channel | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|
| Domestic Sales | $4.61B | $2.28B | $1.01B | $660.02M | |
| Export Sales | — | $27.94M | $15.21M | $5.40M | |
| Total | $4.61B | $2.31B | $1.03B | $665.42M |
Daqo New Energy brought in $665.42M from its two revenue lines in fiscal 2025, the year ended December 31, 2025. That was down 35.3% from $1.03B in fiscal 2024. Domestic Sales was the largest at $660.02M (99.2%), ahead of Export Sales at $5.40M (0.8%).
Daqo New Energy began breaking out Export Sales in fiscal 2023, when it brought in $27.94M.
Revenue - External was Daqo New Energy’s largest revenue line in fiscal 2015, bringing in $125.92M of $201.74M (62%).
| Major Customers | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|
| Revenue - External | — | — | — | $125.92M |
| Third Parties | — | — | $158.26M | $3.20M |
| Revenues | $2.80M | $13.47M | — | — |
| Revenue - Intersegment | — | — | — | $23.49M |
| Customer D | — | — | — | $20.47M |
| Customer F | — | — | — | $19.60M |
| Related Parties | — | — | $15.84M | $9.07M |
| Total | $2.80M | $13.47M | $174.10M | $201.74M |
Daqo New Energy brought in $201.74M from its six revenue lines in fiscal 2015, the year ended December 31, 2015. Daqo New Energy regrouped these revenue lines after fiscal 2014, so the total does not compare directly with that year's $174.10M. Revenue - External was the largest at $125.92M (62.4%), ahead of Revenue - Intersegment at $23.49M (11.6%) and Customer D at $20.47M (10.1%). The other three revenue lines brought in $31.87M combined.
Daqo New Energy began breaking out Revenue - External in fiscal 2015, Third Parties in fiscal 2014, Revenue - Intersegment in fiscal 2015 and Customer D in fiscal 2015. Daqo New Energy stopped reporting Revenues as a separate revenue line after fiscal 2013, when it brought in $13.47M.
Products was Daqo New Energy’s largest product and service line in fiscal 2015, bringing in $166.94M of $170.15M (98%).
| Product and Service | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|
| Products | — | — | $158.26M | $166.94M |
| Revenues | $2.13M | $1.82M | — | — |
| Service Fees | — | — | $5.17M | $3.20M |
| Total | $2.13M | $1.82M | $163.42M | $170.15M |
Daqo New Energy brought in $170.15M from its two product and service lines in fiscal 2015, the year ended December 31, 2015. That is less than the $201.74M it reports by major customers, so these lines do not cover all of its revenue. Products was the largest at $166.94M (98.1%), ahead of Service Fees at $3.20M (1.9%).
Daqo New Energy began breaking out Products in fiscal 2014 and Service Fees in fiscal 2014. Daqo New Energy stopped reporting Revenues as a separate line after fiscal 2013, when it brought in $1.82M.
Daqo New Energy (DQ) reports its revenue by contract with customer, sales channel, by major customers and by product and service. In fiscal 2025, Domestic Sales was its largest revenue line, bringing in $660.02M (99.2% of the total), followed by Export Sales at $5.40M (0.8%).
Domestic Sales was Daqo New Energy's largest revenue line in fiscal 2025, bringing in $660.02M, or 99.2% of the $665.42M total across its two revenue lines.
Products was Daqo New Energy's largest product and service line in fiscal 2015, bringing in $166.94M, or 98.1% of the $170.15M total across its two product and service lines.
Every figure comes from Daqo New Energy's annual financial filings, as reported. Each line keeps the name Daqo New Energy gives it, and years follow its fiscal calendar.
Daqo New Energy's revenue by contract with customer, sales channel goes back to fiscal 2021, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.