Financial Performance - Q1 2025 - Total module shipments reached 6.9 GW[4] - Total storage shipments reached 0.8 GWh[4] - Revenue was $1.2 billion[4] - Gross margin was 11.7%[4] - Net loss to CSIQ was $34 million[4] - Diluted loss per share to CSIQ was $0.69[4] Revenue Breakdown - CSI Solar accounted for 22% of revenue[5] - Recurrent Energy accounted for 5% of revenue[5] - North America accounted for 35% of revenue[5] - Latin America accounted for 20% of revenue[5] - EMEA accounted for 18% of revenue[5] e-STORAGE Performance - Contracted backlog for e-STORAGE reached $3.2 billion as of March 31, 2025[30,31] - Total pipeline for e-STORAGE reached 91 GWh as of March 31, 2025[30,31] - 2025 shipments guidance for e-STORAGE is 7 – 9 GWh[30] - Annual revenue for e-STORAGE is expected to reach approximately $3.2 billion in 2025[30] Recurrent Energy Performance - Revenue was $125 million[40] - Gross profit was $23 million[40] - Gross margin was 18.6%[40] - Operating loss was $12 million[40] Project Development Pipeline - Solar project development pipeline totaled 26,880 MWp as of March 31, 2025[41,42] - Battery energy storage project development pipeline totaled 75,669 MWh as of March 31, 2025[41,42] Guidance - Q2 2025 revenue guidance is $1.9 billion – $2.1 billion[49] - Q2 2025 gross margin guidance is 23% – 25%[49]