Daqo New Energy(US:DQ) Prnewswire·2026-02-26 10:00Core Viewpoint - Daqo New Energy Corp. reported its financial results for Q4 2025, showing a mixed performance with improvements in production costs and gross profit, but continued net losses. Financial Highlights - Total cash and investments at the end of Q4 2025 was $2.27 billion, up from $2.21 billion at the end of Q3 2025 [1] - Polysilicon production volume increased to 42,181 MT in Q4 2025 from 30,650 MT in Q3 2025 [1] - Polysilicon sales volume decreased to 38,167 MT in Q4 2025 from 42,406 MT in Q3 2025 [1] - Average total production cost for polysilicon was $5.83/kg in Q4 2025, down from $6.38/kg in Q3 2025 [1] - Average cash cost for polysilicon was $4.46/kg in Q4 2025, slightly down from $4.54/kg in Q3 2025 [1] - Average selling price (ASP) for polysilicon was $5.83/kg in Q4 2025, compared to $5.80/kg in Q3 2025 [1] - Revenue for Q4 2025 was $221.7 million, down from $244.6 million in Q3 2025 [1] - Gross profit increased to $15.4 million in Q4 2025 from $9.7 million in Q3 2025, with a gross margin of 7.0% compared to 3.9% in Q3 2025 [1] - Net loss attributable to shareholders was $7.3 million in Q4 2025, improved from $14.9 million in Q3 2025; loss per basic ADS was $0.11 compared to $0.22 in Q3 2025 [1] - Adjusted net loss attributable to shareholders was $7.3 million in Q4 2025, compared to adjusted net income of $3.7 million in Q3 2025 [1] - EBITDA for Q4 2025 was $52.5 million, up from $45.8 million in Q3 2025, with an EBITDA margin of 23.7% compared to 18.7% in Q3 2025 [1]