Canadian Solar FY25 net income drops to $104.1 million; revenue falls 6.6% to $5.6 billion

Canadian Solar Inc.

Canadian Solar Inc.

CSIQ

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  • Canadian Solar swung to a net loss of $183.8 million in fiscal 2025, with net income attributable to shareholders turning to a loss of $104.1 million.
  • Revenue fell 6.6% to $5.6 billion.
  • Operating income improved to $43.2 million from an operating loss, while gross margin widened 1.6 percentage points to 18.3%.
  • Module shipments dropped to 24 GW, while battery energy storage shipments climbed to 8 GWh; Recurrent Energy revenue rose 24% on higher project sales.


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