Overview
- Canadian Solar reported a Q4 2025 net loss of $86 million, or $1.66 per share, far below analyst expectations for a $0.47 loss per share.
- Revenue fell to $1.2 billion, down 18% sequentially and 20% year over year, missing forecasts of $1.37 billion.
- Recognized module shipments were 4.3 GW in the quarter, down 16% from Q3 and 47% from a year earlier.
- Gross profit dropped to $124 million with a 10.2% margin, compared with $256 million and a 17.2% margin in the prior quarter, as impairments and project delays weighed on results.
- The company cited lower module and storage sales and project asset impairments, reported total debt of $6.5 billion largely tied to new project financing, and noted 2025 milestones including 24.3 GW of modules shipped and 3.9 GWh of U.S. storage deliveries.