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NASDAQ · Technology

Canadian Solar Inc. (CSIQ)

Canadian Solar Inc. reported revenue of $5.6B in fiscal 2025, down 6.6% from a year earlier. It posted a net loss of $104.1M. In fiscal 2025 capital spending exceeded operating cash flow by $1.2B. At December 31, 2025 it held $1.4B in cash against $6B of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 10, 2026.

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Price
$10.82
-2.70% on the day · November 9, 2026
52-week range $8.79 to $34.59
Market cap
$733.8M
Revenue (FY2025)
$5.6B
-6.6% year on year
Net margin
-1.9%

Key facts about Canadian Solar Inc.

Net worth
Canadian Solar Inc. has a market value (market cap) of $733.8M at the latest share price, and shareholders' equity of $2.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Revenue and profit
In fiscal 2025 revenue was $5.6B (-6.6% year on year), with a net loss of $104.1M.
Cash flow
In fiscal 2025 operations used $252.7M of cash.
Latest report
The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 10, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR

What Canadian Solar Inc. does

Canadian Solar Inc. is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on NASDAQ under the ticker CSIQ.

Revenue and profit by year

Revenue
FY18: $3.7B $3.7B FY18FY19: $3.2B $3.2B FY19FY20: $3.5B $3.5B FY20FY21: $5.3B $5.3B FY21FY22: $7.5B $7.5B FY22FY23: $7.6B $7.6B FY23FY24: $6B $6B FY24FY25: $5.6B $5.6B FY25
Net income
FY18: $237.1M $237.1M FY18FY19: $171.6M $171.6M FY19FY20: $146.7M $146.7M FY20FY21: $95.2M $95.2M FY21FY22: $240M $240M FY22FY23: $274.2M $274.2M FY23FY24: $36.1M $36.1M FY24FY25: -$104.1M -$104.1M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$5.6B$43.2M-$104.1M-$2.50-$1.2B
2024$6B-$30.1M$36.1M$0.54-$2B
2023$7.6B$453.3M$274.2M$3.87-$431.8M
2022$7.5B$356.1M$240M$3.44$289.5M
2021$5.3B$190.4M$95.2M$1.46-$837M
2020$3.5B$220.4M$146.7M$2.38n/a

Earnings: every quarter and the next report date

Full financial statements: income, balance sheet and cash flow

Where CSIQ ranks in Technology

Revenue$5.6B
#88 of 751 in Technology · Top 12%
Revenue growth-6.6%
#533 of 604 in Technology · Bottom 12%
Net margin-1.9%
#364 of 611 in Technology · Bottom 40%
Free cash flow margin-21.7%
#498 of 568 in Technology · Bottom 12%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Technology

Latest SEC filings

What Canadian Solar Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. November 3, 2026
  2. October 29, 2026
  3. September 21, 2026
  4. August 27, 2026
  5. August 13, 2026
  6. July 27, 2026
  7. July 23, 2026
  8. July 23, 2026
  9. July 6, 2026
  10. July 2, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on October 14, 2026. Insider transactions on SEC

Insider trades

What the people running Canadian Solar Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider bought or sold shares on the open market in the last 90 days. The 10 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days
DateInsiderWhatSharesPriceValueFiling
October 6, 2026 Qu YuanDirector Exercised options 2,770 - - Form 4
October 6, 2026 Qu YuanDirector Shares withheld for tax 1,133 $11.54 $13.1K Form 4
October 6, 2026 Wong Andrew Luen CheungDirector Exercised options 1,203 - - Form 4
October 6, 2026 Wong Andrew Luen CheungDirector Shares withheld for tax 5 $11.54 $57.7 Form 4
October 6, 2026 Ruda Harry EDirector Exercised options 1,203 - - Form 4
October 6, 2026 Ruda Harry EDirector Shares withheld for tax 733 $11.54 $8.5K Form 4
October 6, 2026 Chang Leslie Li HsienDirector Exercised options 1,203 - - Form 4
October 6, 2026 Chang Leslie Li HsienDirector Shares withheld for tax 5 $11.54 $57.7 Form 4

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns CSIQ

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

HolderOf classSharesFiled
PAG Castle Holdings Pte. Ltd.13G, passive with 6 related filers 14.1% 10,989,020 July 7, 2025
Venture Holding S.a.r.l. SPF13G, passive 8.96% 6,000,000 November 17, 2025
D. E. Shaw & Co., L.P.13G, passive with 3 related filers 8% 5,529,197 July 23, 2026
Mackenzie Financial Corp13G, passive 6.9% 4,616,690 May 15, 2026

Latest filings below 5%: Grantham, Mayo, Van Otterloo & Co. LLC 0% (November 13, 2024).

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

9 insiders reported holding 14,028,640 shares in total, about $151.8M at the last price.

HolderSharesAs of
Qu Shawn XiaohuaChief Technology Officer, Director, 10% owner 13,789,124 May 26, 2026
Zhu XinboChief Financial Officer 150,844 May 26, 2026
Ruda Harry EDirector 46,468 October 6, 2026
Templeton Lauren CDirector 25,797 October 6, 2026
Marx DylanChief Operating Officer 4,554 May 26, 2026
Chen Yu (Kang)Lead General Counsel 4,359 May 13, 2026
Qu YuanDirector 3,488 October 6, 2026
Wong Andrew Luen CheungDirector 2,003 October 6, 2026
Chang Leslie Li HsienDirector 2,003 October 6, 2026

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about CSIQ

What does Canadian Solar Inc. do?

Canadian Solar Inc. is a company in the Technology sector, listed on NASDAQ as CSIQ. Its shares trade on NASDAQ under the ticker CSIQ.

What is Canadian Solar Inc.'s net worth?

Canadian Solar Inc. has a market value (market cap) of $733.8M at the latest share price, and shareholders' equity of $2.8B on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.

Is Canadian Solar Inc. profitable?

No. In fiscal 2025 it reported a net loss of $104.1M on revenue of $5.6B.

How much revenue does Canadian Solar Inc. make?

In fiscal 2025 Canadian Solar Inc. reported revenue of $5.6B. That is 6.6% less than a year earlier.

When did Canadian Solar Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 10, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the passive stake changed from November 3, 2026.

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Where the numbers come from

Financial figures are the values Canadian Solar Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.