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.
Third Parties was Daqo New Energy’s largest revenue line in fiscal 2015, bringing in $170.15M of $182.04M (93%).
| Major Customers | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|
| Third Parties | — | — | $163.42M | $170.15M |
| Nonrelated Party | $84.06M | $95.53M | — | — |
| Related Parties | — | — | $19.15M | $11.89M |
| Affiliated Entity | $2.80M | $13.47M | — | — |
| Total | $86.86M | $109.00M | $182.57M | $182.04M |
Daqo New Energy brought in $182.04M from its two revenue lines in fiscal 2015, the year ended December 31, 2015. That was down 0.3% from $182.57M in fiscal 2014. Third Parties was the largest at $170.15M (93.5%), ahead of Related Parties at $11.89M (6.5%).
Compared with fiscal 2014, Third Parties grew 4.1% to $170.15M, while Related Parties fell 37.9% to $11.89M.
Daqo New Energy began breaking out Third Parties in fiscal 2014 and Related Parties in fiscal 2014. Daqo New Energy stopped reporting Nonrelated Party ($95.53M in fiscal 2013) and Affiliated Entity ($13.47M in fiscal 2013) as separate revenue lines.
Products was Daqo New Energy’s largest product and service line in fiscal 2015, bringing in $176.01M of $182.04M (97%).
| Product and Service | FY 2012 | FY 2013 | FY 2014 | FY 2015 |
|---|---|---|---|---|
| Products | — | — | $174.10M | $176.01M |
| Product | $84.73M | $107.18M | — | — |
| Service Fees | — | — | $8.47M | $6.03M |
| Service | $2.13M | $1.82M | — | — |
| Total | $86.86M | $109.00M | $182.57M | $182.04M |
Daqo New Energy brought in $182.04M from its two product and service lines in fiscal 2015, the year ended December 31, 2015. That was down 0.3% from $182.57M in fiscal 2014. Products was the largest at $176.01M (96.7%), ahead of Service Fees at $6.03M (3.3%).
Compared with fiscal 2014, Products grew 1.1% to $176.01M, while Service Fees fell 28.9% to $6.03M.
Daqo New Energy began breaking out Products in fiscal 2014 and Service Fees in fiscal 2014. Daqo New Energy stopped reporting Product ($107.18M in fiscal 2013) and Service ($1.82M in fiscal 2013) as separate lines.
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 $176.01M, or 96.7% of the $182.04M total across its two product and service lines.
Third Parties grew faster than Related Parties in fiscal 2015, up 4.1% from $163.42M to $170.15M. Related Parties fell 37.9% to $11.89M.
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.