Daqo New Energy Corp.
DQ NYSE· Semiconductors & Related Devices
Last close · Oct 26, 2026
$10.11
KIRA · Stoqly’s AI analyst, in plain words
- Daqo New Energy Corp. had $665M of revenue in fiscal 2025, down 35.3% on the year before. Over five years, revenue changed −0.3% a year on average.
- Its operating margin was −40.6%, up 14.2 pts: of every 100 in sales, about −41 is left after running the business.
- Daqo New Energy Corp. lost $171M in fiscal 2025.
- Free cash flow was −$123M in fiscal 2025, −18.5% of revenue.
Market cap
—
P/E
—
Revenue
$665M
Net income
−$171M
Free cash flow
−$123M
Operating margin
−40.6%
Daqo New Energy Corp. in 30 seconds · fiscal 2025
Are sales growing?
−35.3%
No. Sales fell 35.3% last year.
Does it make a profit?
−25.6%
No. It lost money last year.
Does profit turn into cash?
−18.5%
No. It spent more cash than it brought in.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
What Daqo New Energy Corp. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 20, 2026
- Legal name
- DAQO NEW ENERGY CORP.
- CIK
- 0001477641
Daqo New Energy Corp. · DQ
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $1.7B | $4.6B | $2.3B | $1.0B | $665M |
| Revenue growth | 148.5% | 174.5% | −49.9% | −55.4% | −35.3% |
| Net interest income | −$20.5M | $14.5M | $52.3M | $30.2M | $9.0M |
| Gross margin | 65.4% | 74.0% | 39.9% | −20.7% | −20.7% |
| Operating margin | 62.6% | 66.0% | 33.9% | −54.8% | −40.6% |
| Net income | $749M | $1.8B | $430M | −$345M | −$171M |
| Net margin | 44.6% | 39.5% | 18.6% | −33.5% | −25.6% |
| Diluted EPS | $1.95 | $4.67 | $1.15 | −$1.04 | −$0.51 |
| Cash | |||||
| Cash from operations | $639M | $2.5B | $1.6B | −$435M | $49.7M |
| Capital expenditure | $499M | $1.2B | $1.1B | $359M | $173M |
| Free cash flow | $140M | $1.3B | $505M | −$794M | −$123M |
| FCF margin | 8.4% | 27.3% | 21.9% | −77.2% | −18.5% |
| Share buybacks | — | $125M | $486M | $5.0M | — |
| Share count change | 2.3% | 0.7% | −3.0% | −11.7% | 1.8% |
| Debt and strength | |||||
| Cash and short-term investments | $1.0B | $3.5B | $3.0B | $1.0B | $856M |
| Debt incl. finance leases | $0.0M | — | — | — | — |
| Shareholders' equity | $2.2B | $4.8B | $4.8B | $4.4B | $4.4B |
| Net debt / EBITDA | −0.9x | — | — | — | — |
| Current ratio | 3.2x | 6.6x | 4.3x | 5.0x | 5.4x |
| Interest coverage | 51.3x | — | — | — | — |
| Returns and quality | |||||
| Return on capital | 75.9% | — | — | — | — |
| Return on equity | 51.1% | 52.2% | 9.0% | −7.6% | −3.9% |
| Return on tangible equity | 34.6% | 37.9% | 9.0% | −7.9% | −3.9% |
| Piotroski F-score | 6 | 7 | 4 | 2 | 4 |
| Altman Z'' | 8.8 | 12.6 | 9.7 | 11.3 | 12.1 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Daqo New Energy Corp. · DQ
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $10.11 a share, the company is worth —.
Source: SEC EDGAR XBRL filings (CIK 0001477641). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.