Daqo New Energy posted a significant rebound in Q3 2025, driven by higher polysilicon sales volume and average selling prices. The company returned to positive adjusted net income and EBITDA, reflecting a recovery in the solar PV value chain.

Daqo New Energy faced a tough Q2 2025, with declining polysilicon prices and reduced utilization leading to substantial losses. Despite the challenges, the company maintained a solid liquidity position and no financial debt, positioning itself for long-term recovery.

Daqo New Energy experienced a challenging first quarter in 2025, with revenues decreasing to $123.9 million and a net loss of $71.8 million, primarily due to lower polysilicon sales volume and higher production costs. Despite the losses, the company maintained a strong cash balance and liquidity.