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DQ (Daqo New Energy Corp.) Stock Financials & Earnings | Market Cap Arena
DQ
Daqo New Energy Corp.
Mkt Cap
$2B
Technology
·
Semiconductors
·
🇨🇳 China
·
NYSE
Revenue (TTM)
$666M
Net Income (TTM)
-$171M
EPS (TTM)
-$2.57
Free Cash Flow (TTM)
-$124M
Gross Margin
-20.7%
Op. Margin
-41.0%
Net Margin
-25.6%
FCF Margin
-18.6%
P/S Ratio (TTM)
2.3x
P/E Ratio (TTM)
—
YoY Rev Growth
-35.2%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$710M
$507M
$464M
Q2 23
$630M
$256M
$211M
Q3 23
$485M
$68M
-$25M
Q4 23
$480M
$88M
$45M
Q1 24
$415M
$72M
$32M
Q2 24
$220M
-$159M
-$198M
Q3 24
$198M
-$61M
-$98M
Q4 24
$195M
-$65M
-$301M
Q1 25
$124M
-$82M
-$114M
Q2 25
$75M
-$82M
-$115M
Q3 25
$245M
$10M
-$23M
Q4 25
$222M
$15M
-$21M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.4x
1.0x
Q2 23
0.5x
1.5x
Q3 23
0.6x
2.2x
Q4 23
0.7x
3.7x
Q1 24
0.8x
9.9x
Q2 24
1.0x
—
Q3 24
1.2x
—
Q4 24
1.5x
—
Q1 25
2.1x
—
Q2 25
2.6x
—
Q3 25
2.4x
—
Q4 25
2.3x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$807M
$530M
Q2 23
-$21M
$256M
Q3 23
$711M
$711M
Q4 23
$119M
-$992M
Q1 24
-$116M
-$296M
Q2 24
-$163M
-$274M
Q3 24
-$98M
-$132M
Q4 24
-$61M
-$92M
Q1 25
-$39M
-$97M
Q2 25
-$67M
-$97M
Q3 25
$56M
$23M
Q4 25
$106M
$47M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$277M
Q2 23
$277M
Q3 23
$0
Q4 23
$1.1B
Q1 24
$180M
Q2 24
$111M
Q3 24
$34M
Q4 24
$31M
Q1 25
$58M
Q2 25
$30M
Q3 25
$33M
Q4 25
$59M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-44.6%
-49.3%
Q2 23
-49.4%
+32.3%
Q3 23
-60.2%
-3.3%
Q4 23
-44.4%
+80.4%
Q1 24
-41.6%
+55.5%
Q2 24
-65.1%
-0.2%
Q3 24
-59.1%
-41.8%
Q4 24
-59.3%
+14.0%
Q1 25
-70.1%
-37.8%
Q2 25
-65.7%
-54.5%
Q3 25
+23.4%
-9.6%
Q4 25
+13.5%
-51.1%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$31M
4.4%
Q2 23
$31M
4.9%
Q3 23
$50M
10.4%
Q4 23
$0
0.0%
Q1 24
$21M
5.0%
Q2 24
$0
0.0%
Q3 24
$0
0.0%
Q4 24
$20M
10.4%
Q1 25
$0
0.0%
Q2 25
$0
0.0%
Q3 25
$0
0.0%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
SG&A
Quarter
R&D
SG&A
Q1 23
$2M
$41M
Q2 23
$2M
$43M
Q3 23
$3M
$90M
Q4 23
$3M
$39M
Q1 24
$2M
$38M
Q2 24
$2M
$37M
Q3 24
$813K
$38M
Q4 24
$372K
$47M
Q1 25
$507K
$35M
Q2 25
$799K
$32M
Q3 25
$560K
$32M
Q4 25
$722K
$38M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$4.1B
$6M
$4.1B
Q2 23
$3.2B
$3M
$3.2B
Q3 23
$3.3B
$3M
$3.3B
Q4 23
$3.0B
$0
$3.0B
Q1 24
$2.7B
$0
$2.7B
Q2 24
$997M
$219M
$1.2B
Q3 24
$853M
$1.5B
$2.3B
Q4 24
$1.0B
$1.1B
$2.1B
Q1 25
$792M
$1.3B
$2.1B
Q2 25
$599M
$1.4B
$2.0B
Q3 25
$552M
$431M
$983M
Q4 25
$980M
$1.1B
$2.1B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
79M
-5.5%
Q2 23
77M
-2.3%
Q3 23
74M
-3.9%
Q4 23
70M
-5.6%
Q1 24
66M
-6.0%
Q2 24
66M
+0.4%
Q3 24
66M
+0.5%
Q4 24
67M
+0.5%
Q1 25
66M
-0.7%
Q2 25
67M
+1.6%
Q3 25
68M
+0.5%
Q4 25
68M
+0.0%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$130K
1K
FY 15
$112K
2K
FY 16
$126K
2K
FY 17
$207K
2K
FY 18
$199K
2K
FY 19
$185K
2K
FY 20
$356K
2K
FY 21
$700K
2K
FY 22
$1M
4K
FY 23
$400K
6K
FY 24
$217K
5K
FY 25
$140K
5K
marketcaparena.com