Produces polysilicon for solar panels.
Dec 2025Revenue $665M/yrExpenses $936M/yr
Fell below break-even Jul 2024Cash runway ≈ 6.9 years from Dec 2025
Figures by year
When will Daqo New Energy be profitable again?
Its expenses passed its revenue in Jul 2024. In the 12 months to Dec 2025, revenue was $665M and expenses $936M.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $665M | $936M | −$270M |
| Dec 2024 | $1.03B | $1.59B | −$564M |
| Dec 2023 | $2.31B | $1.52B | $783M |
| Dec 2022 | $4.61B | $1.57B | $3.04B |
| Dec 2021 | $1.68B | $627M | $1.05B |
| Dec 2020 | $676M | $488M | $188M |
| Dec 2019 | $350M | $303M | $47.5M |
| Dec 2018 | $302M | $220M | $81.2M |
| Dec 2017 | $323M | $192M | $131M |
| Dec 2016 | $196M | $135M | $61.1M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.