DAQO New Energy Quarterly Balance Sheet
NYSE: DQTechnologySemiconductorsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
DAQO New Energy financial position
As of Dec 31, 2025, DAQO New Energy reported total assets of $6.45 billion, up 92.9% from a year earlier against total liabilities of $533.0 million. Shareholders' equity stood at $4.41 billion, or 68.3% of assets. The company held $856.1 million in cash and equivalents.
The current ratio (current assets divided by current liabilities) was 5.37, meaning short-term assets cover obligations due within a year.
Summary generated from market data by MetaCap's automated system. Methodology
DAQO New Energy balance sheet (quarterly)
| Quarter (USD) | Q4 20252025-12-31 | Q4 20242024-12-31 | Q4 20232023-12-31 | Q4 20222022-12-31 | Q4 20212021-12-31 | Q4 20202020-12-31 | Q4 20192019-12-31 | Q4 20182018-12-31 | Q4 20172017-12-31 | Q4 20162016-12-31 | Q4 20152015-12-31 | Q4 20142014-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 856.05M | 1.01B | 3.04B | 3.50B | 723.77M | 76.60M | 52.69M | 66.40M | 60.68M | 15.99M | 14.49M | 7.07M |
| Short-Term Investments | — | — | 0 | 13.93M | 280.25M | 0 | — | 21.81M | 0 | — | — | — |
| Receivables | — | — | — | 0 | 0 | 0 | 13.30K | 1.18M | 700.56K | 4.84M | 19.85M | 8.71M |
| Inventory | 169.10M | 149.94M | 173.27M | 169.52M | 327.77M | 42.16M | 36.39M | 15.45M | 15.68M | 12.28M | 10.72M | 9.58M |
| Total Current Assets | 2.70B | 2.63B | 3.58B | 4.89B | 1.74B | 180.27M | 174.33M | 160.07M | 142.36M | 73.30M | 88.78M | 121.95M |
| Property, Plant & Equipment | 3.40B | 3.50B | 3.63B | 2.61B | 1.56B | 1.03B | 995.03M | 616.97M | 485.47M | 557.43M | 544.33M | 559.01M |
| Total Assets | 6.45B | 6.42B | 7.43B | 7.59B | 3.34B | 1.24B | 1.20B | 854.93M | 748.78M | 656.71M | 660.85M | 710.13M |
| Accounts Payable | 26.63M | 26.45M | 92.88M | 81.88M | 81.47M | 18.95M | 12.71M | 9.20M | 19.31M | 18.75M | 17.49M | 16.78M |
| Short-Term Debt | — | — | — | — | 0 | 125.55M | 178.16M | 38.21M | 73.78M | 105.98M | 123.94M | 159.80M |
| Total Current Liabilities | 501.62M | 521.24M | 836.43M | 736.54M | 550.50M | 284.13M | 445.15M | 149.85M | 216.51M | 249.75M | 275.39M | 396.07M |
| Long-Term Debt | — | — | — | — | 0 | 123.22M | 151.52M | 133.31M | 111.44M | 111.95M | 118.55M | 77.34M |
| Total Liabilities | 533.01M | 560.38M | 978.58M | 989.49M | 679.82M | 440.23M | 634.20M | 329.80M | 354.25M | 384.98M | 419.19M | 503.36M |
| Shareholders' Equity | 4.41B | 4.36B | 4.76B | 4.81B | 2.16B | 767.12M | 566.64M | 525.13M | 391.74M | 270.10M | 240.35M | 206.77M |
| Retained Earnings | 2.81B | 2.98B | 3.33B | 2.90B | 1.08B | 330.12M | 200.92M | 171.40M | 133.27M | 40.43M | -3.06M | -16.02M |
| Total Debt | — | — | — | — | 0 | 248.77M | 329.68M | 171.52M | 185.22M | 217.93M | 242.49M | 237.14M |
| Net Cash (Debt) | 856.05M | 1.01B | 3.04B | 3.51B | 1.00B | -172.17M | -276.99M | -83.31M | -124.54M | -201.94M | -228.00M | -230.07M |
| Shares Outstanding | 338.33M | 333.76M | 328.51M | 391.02M | 372.53M | 365.24M | 347.42M | 332.03M | 270.92M | 262.96M | 260.84M | 223.58M |
This table shows 12 quarterly periods of DAQO New Energy's balance sheet, from Q4 2025 back to Q4 2014, across 17 line items including cash & equivalents, short-term investments, receivables. Values in USD; B = billions, M = millions. Fiscal periods follow DQ's reporting calendar. What is a balance sheet?