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Daqo New Energy Corp. (DQ)

Daqo New Energy Corp. reported revenue of $665.4M in fiscal 2025, down 35.3% from a year earlier. It posted a net loss of $170.5M. In fiscal 2025 capital spending exceeded operating cash flow by $123.3M. At December 31, 2025 it held $856.1M in cash. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 20, 2026.

Revenue (FY2025)
$665.4M
-35.3% year on year
Net margin
-25.6%

What Daqo New Energy Corp. does

Daqo New Energy Corp. is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on NYSE under the ticker DQ.

Revenue and profit by year

Revenue
FY18: $301.6M $301.6M FY18FY19: $350M $350M FY19FY20: $675.6M $675.6M FY20FY21: $1.7B $1.7B FY21FY22: $4.6B $4.6B FY22FY23: $2.3B $2.3B FY23FY24: $1B $1B FY24FY25: $665.4M $665.4M FY25
Net income
FY18: $38.1M $38.1M FY18FY19: $29.5M $29.5M FY19FY20: $129.2M $129.2M FY20FY21: $748.9M $748.9M FY21FY22: $1.8B $1.8B FY22FY23: $429.5M $429.5M FY23FY24: -$345.2M -$345.2M FY24FY25: -$170.5M -$170.5M FY25

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

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$665.4M-$270.2M-$170.5M-$0.51-$123.3M
2024$1B-$564.1M-$345.2M-$1.04-$794.3M
2023$2.3B$783.4M$429.5M$1.15$505.3M
2022$4.6B$3B$1.8B$4.67$1.3B
2021$1.7B$1.1B$748.9M$1.95$140.5M
2020$675.6M$187.9M$129.2M$0.34$91.4M

Latest SEC filings

What Daqo New Energy Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. August 20, 2026
    Foreign issuer update 6-K
  2. August 6, 2026
    Foreign issuer update 6-K
  3. June 3, 2026
    Foreign issuer update 6-K
  4. April 29, 2026
    Foreign issuer update 6-K
  5. April 20, 2026
    Annual report (foreign issuer) 20-F · period to December 31, 2025
  6. April 15, 2026
    Foreign issuer update 6-K
  7. March 2, 2026
    Foreign issuer update 6-K
  8. February 12, 2026
    Foreign issuer update 6-K
  9. January 16, 2026
    Foreign issuer update 6-K
  10. November 18, 2025
    Foreign issuer update 6-K

Recent insider filings (Forms 3, 4 and 144): 10, the latest on March 13, 2026. Insider transactions on SEC

All filings on SEC EDGAR

Questions about DQ

What does Daqo New Energy Corp. do?

Daqo New Energy Corp. is registered with the SEC under industry code SIC 3674 (Semiconductors & Related Devices). Its shares trade on NYSE under the ticker DQ.

Is Daqo New Energy Corp. profitable?

No. In fiscal 2025 it reported a net loss of $170.5M on revenue of $665.4M.

How much revenue does Daqo New Energy Corp. make?

In fiscal 2025 Daqo New Energy Corp. reported revenue of $665.4M. That is 35.3% less than a year earlier.

When did Daqo New Energy Corp. last report?

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

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Where the numbers come from

Financial figures are the values Daqo New Energy Corp. 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.