# Daqo New Energy Corp.: overview

DQ · NYSE · CIK 1477641 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/dq.md) · [Financials](/companies/dq/financials.md) · [Filings](/companies/dq/filings.md) · [Insiders](/companies/dq/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

Not reported.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [1,679](/filings/0001104659-24-053433.md) | [4,608](/filings/0001410578-25-000968.md) | [2,308](/filings/0001104659-26-045134.md) | [1,029](/filings/0001104659-26-045134.md) | [665](/filings/0001104659-26-045134.md) |
| Gross margin | % | [65.4%](/filings/0001104659-24-053433.md) | [74.0%](/filings/0001410578-25-000968.md) | [39.9%](/filings/0001104659-26-045134.md) | [(20.7%)](/filings/0001104659-26-045134.md) | [(20.7%)](/filings/0001104659-26-045134.md) |
| Operating margin | % | [62.6%](/filings/0001104659-24-053433.md) | [66.0%](/filings/0001410578-25-000968.md) | [33.9%](/filings/0001104659-26-045134.md) | [(54.8%)](/filings/0001104659-26-045134.md) | [(40.6%)](/filings/0001104659-26-045134.md) |
| Net margin | % | [44.6%](/filings/0001104659-24-053433.md) | [39.5%](/filings/0001410578-25-000968.md) | [18.6%](/filings/0001104659-26-045134.md) | [(33.5%)](/filings/0001104659-26-045134.md) | [(25.6%)](/filings/0001104659-26-045134.md) |
| Diluted EPS | $ per share | [1.95](/filings/0001104659-24-053433.md) | [4.67](/filings/0001410578-25-000968.md) | [1.15](/filings/0001104659-26-045134.md) | [(1.04)](/filings/0001104659-26-045134.md) | [(0.51)](/filings/0001104659-26-045134.md) |
| Free cash flow | $m | [140](/filings/0001104659-24-053433.md) | [1,257](/filings/0001410578-25-000968.md) | [505](/filings/0001104659-26-045134.md) | [(794)](/filings/0001104659-26-045134.md) | [(123)](/filings/0001104659-26-045134.md) |

- Revenue. XBRL Revenue: us-gaap:Revenues.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:Revenues.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:Revenues.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:Revenues.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/dq/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [CONTINENTAL GENERAL INSURANCE CO](/funds/24046.md) | 2026-06-30 | $89.0m | 6,644,786 |  | Unchanged |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $36.5m | 2,725,456 |  | Added +1,667,936 |
| [Invesco Ltd.](/funds/914208.md) | 2026-06-30 | $30.7m | 2,289,105 |  | Added +265,342 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $18.4m | 1,374,647 |  | Added +19,897 |
| [MACKENZIE FINANCIAL CORP](/funds/919859.md) | 2026-06-30 | $17.1m | 1,273,491 |  | Reduced −102,984 |
| [FRANKLIN RESOURCES INC](/funds/38777.md) | 2026-06-30 | $16.8m | 1,256,475 |  | Reduced −380,330 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $15.8m | 1,179,532 |  | Added +410,819 |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $13.2m | 988,969 |  | Reduced −272,385 |
| [Ariose Capital Management Ltd](/funds/1665925.md) | 2026-06-30 | $12.8m | 953,974 |  | Added +496,819 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $11.7m | 875,100 | Call | Added +536,250 |

## Recent filings

[All 368 filings](/companies/dq/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-13 | 16:01 ET | [6-K](/filings/0001104659-26-115480.md) | Report of a foreign private issuer, period 2026-10-13 | 0001104659-26-115480 |
| 2026-08-20 | 16:04 ET | [6-K](/filings/0001104659-26-099218.md) | Report of a foreign private issuer, period 2026-08-20 | 0001104659-26-099218 |
| 2026-08-06 | 07:49 ET | [6-K](/filings/0001104659-26-091658.md) | Report of a foreign private issuer, period 2026-08-06 | 0001104659-26-091658 |
| 2026-06-03 | 09:11 ET | [6-K](/filings/0001104659-26-069920.md) | Report of a foreign private issuer, period 2026-06-03 | 0001104659-26-069920 |
| 2026-04-29 | 07:14 ET | [6-K](/filings/0001104659-26-050807.md) | Report of a foreign private issuer, period 2026-04-29 | 0001104659-26-050807 |
| 2026-04-20 | 06:21 ET | [20-F](/filings/0001104659-26-045134.md) | Annual report of a foreign private issuer, period 2025-12-31 | 0001104659-26-045134 |
| 2026-04-15 | 08:28 ET | [6-K](/filings/0001104659-26-043500.md) | Report of a foreign private issuer, period 2026-04-15 | 0001104659-26-043500 |
| 2026-03-02 | 06:19 ET | [6-K](/filings/0001104659-26-021859.md) | Report of a foreign private issuer, period 2026-03-02 | 0001104659-26-021859 |
| 2026-02-12 | 16:13 ET | [6-K](/filings/0001104659-26-014290.md) | Report of a foreign private issuer, period 2026-02-12 | 0001104659-26-014290 |
| 2026-01-16 | 06:33 ET | [6-K](/filings/0001104659-26-004308.md) | Report of a foreign private issuer, period 2026-01-16 | 0001104659-26-004308 |

## Latest annual report

[Form 20-F for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-045134.md), filed Apr 20, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1477641
- Tickers: DQ
- Exchange: NYSE
- SIC code: 3674 Semiconductors & Related Devices
- State of incorporation: E9
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 29, 2026, 07:39 ET. No prices; not investment advice.
