Daqo New Energy DQ
$12.65 +$0.77 (+6.48%)
Market closed · Nov 6, 8:10 pm ET · Last extended-hours $12.70 +0.40%
Open$11.92
Prev close$11.88
Day range$11.65 – $12.81
Volume557.9K
Market cap$855.98M
P/E (TTM)–
Dividend yield–
Fundamentals
Latest reported quarter: Q3, ended Sep 2026
Revenue$194.15M-20.6% YoY
Operating profit-$78.63M-287.3% YoY
Net profit-$73.10M-392.5% YoY
Diluted EPS-$0.78-254.5% YoY
Free cash flow$22.40M-2.3% YoY
Operating cash flow$61.19M
Revenue, last 8 quarters
Net profit, last 8 quarters
Diluted EPS by quarter
Free cash flow by quarter
Annual revenue
Profitability & balance sheet
Gross margin-52.9%
Operating margin-69.0%
Net margin-45.5%
Return on equity-5.3%
Return on assets-3.6%
Return on invested capital-5.3%
Current ratio4.54
Liabilities / assets9.8%
Cash & investments$1.83B
Net cash (debt)$1.83B
Where the revenue comes from
Quarter 2025/FY
By region
Income statement
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Revenue as Reported | $194.15M | $62.66M | $26.72M | $665.42M | $221.71M |
| Total Operating Revenue | $194.15M | $62.66M | $26.72M | $665.42M | $221.71M |
| Cost of Revenue | $254.73M | $145.37M | $166.09M | $803.27M | $206.27M |
| Gross Profit | -$60.58M | -$82.71M | -$139.37M | -$137.85M | $15.44M |
| Operating Expense | $18.06M | $15.37M | $11.45M | $132.38M | $36.33M |
| Selling and Admin Expenses | $16.27M | $15.83M | $12.16M | $118.22M | $18.73M |
| Research & Development | $2.72M | $1.55M | $783,000.00 | $2.58M | $722,000.00 |
| Other Operating Expenses | -$931,000.00 | -$2.02M | -$1.50M | -$6.92M | -$1.62M |
| Operating Profit | -$78.63M | -$98.08M | -$150.81M | -$270.24M | -$20.89M |
| Net Non-Operating Interest Income (Expense) | $951,000.00 | $2.41M | $2.52M | $9.03M | $1.82M |
| Total Other Finance Costs | -$951,000.00 | -$2.41M | – | – | – |
| Other Income (Expense) | $5.04M | $4.84M | $4.99M | $24.09M | $5.66M |
| Gain on Sale of Security | $5.04M | $4.84M | $4.99M | $24.09M | $5.66M |
| Pretax Profit | -$72.64M | -$90.83M | -$143.31M | -$237.12M | -$13.41M |
| Tax | $465,000.00 | $21.54M | -$21.64M | -$21.03M | -$3.55M |
| Net Profit | -$73.10M | -$112.37M | -$121.67M | -$216.08M | -$9.86M |
| Profit from Continuing Operations | -$73.10M | -$112.37M | -$121.67M | -$216.08M | -$9.86M |
| Minority Interests | -$20.25M | -$31.22M | -$33.29M | -$45.57M | -$2.58M |
| Net Income to Parent Company | -$52.85M | -$81.15M | -$88.38M | -$170.51M | -$7.28M |
| Net Income to Common Stockholders | -$52.85M | -$81.15M | -$88.38M | -$170.51M | -$7.28M |
| Basic EPS | -$0.78 | -$1.20 | -$1.31 | -$2.55 | -$0.11 |
| Diluted EPS | -$0.78 | -$1.20 | -$1.31 | -$2.55 | -$0.11 |
| Asset Impairment Loss | – | – | $0.00 | $18.50M | – |
| Non-Operating Interest Income | – | – | $2.52M | $9.03M | – |
| Special Income (Charges) | – | – | – | $0.00 | – |
| -Less:Impairment of Capital Assets | – | – | – | $0.00 | – |
Balance sheet
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Total Assets | $6.50B | $6.34B | $6.34B | $6.45B | $6.45B |
| Total Current Assets | $2.74B | $2.59B | $2.56B | $2.70B | $2.70B |
| Cash and Cash Equivalents & Short-Term Investments | $1.83B | $1.79B | $1.92B | $1.94B | $1.94B |
| -Cash and Cash Equivalents | $546.48M | $555.32M | $559.42M | $856.05M | $856.05M |
| -Short Term Investments | $1.28B | $1.23B | $1.36B | $1.09B | $1.09B |
| Receivables | $161.56M | $72.02M | $20.78M | $135.52M | $135.52M |
| -Accounts Receivable | $161.56M | $72.02M | $20.78M | – | – |
| Inventory | $392.14M | $363.46M | $258.28M | $169.10M | $169.10M |
| Other Current Assets | $358.92M | $364.79M | $365.92M | $303.06M | $303.06M |
| Total Non-Current Assets | $3.75B | $3.76B | $3.78B | $3.75B | $3.75B |
| Net PPE | $3.38B | $3.39B | $3.40B | $3.40B | $3.40B |
| Investments and Advances | $67.04M | $65.95M | $64.59M | $63.21M | $63.21M |
| -Available for Sale Securities | $67.04M | $65.95M | $64.59M | $63.21M | $63.21M |
| Goodwill and Other Intangible Assets | $169.02M | $159.12M | $157.39M | $155.58M | $155.58M |
| -Other Intangible Assets | $169.02M | $159.12M | $157.39M | $155.58M | $155.58M |
| Other Non-Current Assets | $140.22M | $139.33M | $158.99M | $21.85M | $21.85M |
| Total Liabilities | $638.78M | $478.00M | $449.58M | $533.01M | $533.01M |
| Total Current Liabilities | $604.56M | $445.03M | $425.74M | $501.62M | $501.62M |
| Payables | $405.03M | $363.60M | $370.11M | $310.73M | $310.73M |
| -Accounts Payable | $188.68M | $130.58M | $118.90M | $26.63M | $26.63M |
| -Other Payable | $216.35M | $233.03M | $251.22M | $278.96M | $278.96M |
| Current Deferred Liabilities | $140.09M | $43.17M | $23.54M | $48.79M | $48.79M |
| Other Current Liabilities | $59.43M | $38.26M | $32.08M | – | – |
| Total Non-Current Liabilities | $34.22M | $32.97M | $23.84M | $31.39M | $31.39M |
| Non-Current Deferred Liabilities | $15.32M | $14.13M | $5.51M | $31.39M | $31.39M |
| Other Non-Current Liabilities | $18.91M | $18.84M | $18.33M | – | – |
| Total Equity | $5.86B | $5.86B | $5.89B | $5.92B | $5.92B |
| Stockholders' Equity | $4.37B | $4.37B | $4.39B | $4.41B | $4.41B |
| Minority Interests | $1.49B | $1.49B | $1.50B | $1.51B | $1.51B |
| -Gross PPE | – | – | $3.40B | $4.55B | $4.55B |
| -Notes Receivable | – | – | – | $135.50M | $135.50M |
| -Due from Related Parties Current | – | – | – | $15,000.00 | $15,000.00 |
| Prepaid Assets | – | – | – | $21.87M | $21.87M |
| Restricted Cash | – | – | – | $124.24M | $124.24M |
| -Accumulated Depreciation | – | – | – | -$1.15B | -$1.15B |
| Non Current Accounts Receivables | – | – | – | $2,000.00 | $2,000.00 |
| Non-Current Deferred Assets | – | – | – | $113.45M | $113.45M |
| -Total Tax Payable | – | – | – | $12,000.00 | $12,000.00 |
| -Due to Related Parties Current | – | – | – | $5.13M | $5.13M |
| Current Accrued Expenses | – | – | – | $39.07M | $39.07M |
| Short-Term Debt and Capital Lease Obligation | – | – | – | $103.04M | $103.04M |
| -Current Debt | – | – | – | $103.04M | $103.04M |
| Capital Stock | – | – | – | $42,000.00 | $42,000.00 |
| -Common Stock | – | – | – | $42,000.00 | $42,000.00 |
| Additional Paid-In Capital | – | – | – | $2.46B | $2.46B |
| Retained Earnings | – | – | – | $2.81B | $2.81B |
| Less: Treasury Stock | – | – | – | $617.61M | $617.61M |
| Gains/Losses Not Affecting Retained Earnings | – | – | – | -$252.91M | -$252.91M |
Cash flow
| Line item | 2026 Q3 | 2026 Q2 | 2026 Q1 | 2025 ANNUAL | 2025 Q4 |
|---|---|---|---|---|---|
| Operating Cash Flow | $61.19M | -$128.72M | -$147.51M | $49.67M | $99.68M |
| Net cash flow from continuing operations | $61.19M | -$128.72M | -$147.51M | $49.67M | $99.68M |
| Net Income from Continuing Operations | -$73.10M | -$112.37M | -$121.67M | -$216.08M | -$9.86M |
| Other Non-Cash Items | $30.69M | $107.64M | $160.07M | $2.42M | -$352.45M |
| Change in Working Capital | $103.61M | -$123.99M | -$185.91M | -$73.46M | $125.20M |
| Net cash flow from investing | -$75.76M | $116.16M | -$275.77M | -$134.23M | $314.65M |
| Net Cash Flow from Continuing Investing Activities | -$75.76M | $116.16M | -$275.77M | -$134.23M | $314.65M |
| Net PPE Purchase and Sale | -$30.03M | -$26.47M | -$28.69M | -$173.01M | -$52.71M |
| Net Business Purchase and Sale | $0.00 | – | – | – | – |
| Net Investment Purchase and Sale | -$36.97M | $142.67M | -$247.08M | -$1.90B | -$1.57B |
| Financing Cash Flow | $0.00 | $0.00 | -$7.79M | -$850,000.00 | -$818,000.00 |
| Ending Cash Balance | $546.48M | $555.32M | $559.42M | $980.29M | $980.29M |
| Net Change in Cash | -$14.57M | -$12.56M | -$431.07M | -$85.41M | $413.52M |
| Beginning Cash Balance | $555.32M | $559.42M | $980.29M | $1.04B | $551.56M |
| Effect of Exchange Rate Changes | $5.73M | $8.46M | $10.20M | $27.36M | $15.21M |
| Free Cash Flow | $22.40M | -$155.18M | -$176.20M | -$123.35M | $46.98M |
| Gain/Loss from Continuing Operations | – | – | – | $5.65M | – |
| Depreciation & Depletion & Amortization | – | – | – | $236.67M | – |
| -Change in Receivables | – | – | – | -$76.24M | – |
| -Change in Inventory | – | – | – | -$34.34M | – |
| -Change in Prepaid Assets | – | – | – | -$39.92M | – |
| -Change in Payables and Accrued Expense | – | – | – | $2.98M | – |
| -Change in Other Current Liabilities | – | – | – | $98.78M | – |
| -Change In Other Working Capital | – | – | – | -$24.72M | – |
| Net Intangibles Purchase and Sale | – | – | – | $0.00 | $0.00 |
| Net Other Investing Changes | – | – | – | $1.94B | – |
| Net Cash Flow from Continuing Financing Activities | – | – | – | -$850,000.00 | – |
| Net Issuance Payments Of Debt | – | – | – | $0.00 | – |
| Net Common Stock Issuance | – | – | – | -$850,000.00 | – |
| Proceeds from Stock Option Exercised | – | – | – | $0.00 | – |
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