Daqo New Energy Corp. (DQ)

NYSE: DQ · Semiconductors & Related Devices · filing with the SEC since 2010

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Grade4.2

◀ Past 6.3● Present 4.1▶ Future 1.8

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Daqo New Energy Corp.

Nine metrics read from its own filings, by tense

Headline grade

4.2/10

◀ Past6.335% of the headline

● Present4.138% of the headline

▶ Future1.828% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

6.3/1035% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 39% of this tense · 76th percentile among 99 sector filers · read for itself

From the record

Daqo New Energy Corp.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.2/10

What has it actually done, year after year?

+14.5% a year over 10 filed years; profitable in 8 of 10.

weight 39% of this tense · 41st percentile among 93 sector filers · read for its customers

From the record

Daqo New Energy Corp.'s 10 filed years say what it did: revenue went from $196 million in fiscal 2016 to $665 million in fiscal 2025, up 14.5% a year; it rose in 5 of 9 years; the deepest fall was 86% from fiscal 2022 to fiscal 2025; net income was positive in 8 of 10 of those years (its annual reports).

What it rests on

revenue growth over the filed span14.5%top 30% of its family
the share of years revenue rosebottom 27% of its family
the share of filed years with a profittop 39% of its family
the deepest fall from a revenue peak85.6%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

7.6/10

How has it treated the people who own it?

Share count shrank 4.5% a year. 40% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 22% of this tense · 76th percentile among 67 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Daqo New Energy Corp.'s diluted share count shrank about 4.5% a year, and dividends and buybacks returned about 40% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearstop 5% of its family
cash returned against operating cash flowtop 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.1/1038% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.5/10

Is it financially healthy right now?

ROE -3%: lost 3¢ per shareholder dollar. Leverage 8%: owes 8¢ per asset dollar.

weight 45% of this tense · 45th percentile among 95 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Daqo New Energy Corp. lost about 3 cents for every dollar of shareholders' money, and gross profitability: its products earned less than nothing, about minus 2 cents per dollar of everything the company owns. Leverage: it owed about 8 cents per dollar of assets, and net share issuance: its share count grew 1.8% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 4% of its family
return on equitybottom 38% of its family
gross profit against assetsbottom 3% of its family
the share count against the year beforebottom 45% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

2.5/10

How strong is its position in its industry?

bottom 25% of 97 in its family; net margin -25.6%.

weight 33% of this tense · 25th percentile among 97 sector filers · read for its customers

From the record

Daqo New Energy Corp.'s standing among 97 graded names in its industry family: revenue of $665 million in fiscal 2025 ranks in the bottom 45% by size; a net margin of -25.6% ranks in the bottom 27%; revenue growth of -47.5% a year over the last 3 filed years ranks in the bottom 4% (its annual reports).

What it rests on

revenue against the family$665Mbottom 45% of its family
net margin-25.6%bottom 27% of its family
three-year revenue growth-47.5%bottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.4/10

What are the people in charge doing?

SI estimate 5.4/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 78 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-13 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-13 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 78 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Daqo New Energy Corp.'s leadership is put at 5.4 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-13 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 78 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

1.8/1028% of the headline grade · 3 of 3 filed

Room to expand

as filed

2.2/10

How much room does it have to grow?

bottom 22% of 94 in its family for room to expand.

weight 34% of this tense · 22nd percentile among 94 sector filers · read for itself

From the record

Daqo New Energy Corp.'s room to grow, from the newest filed statements (fiscal 2025): cash of $856 million against no long-term debt tagged leaves 13.3% of its assets as net cash, top 47% of its family; cash from operations less capital spending is -18.5% of revenue (bottom 28%); a gross margin of -20.7% (bottom 5%); research spending of 0.4% of revenue (bottom 1%) (its annual report).

What it rests on

cash less debt against assets13.3%top 47% of its family
cash from operations less capital spending against revenue-18.5%bottom 28% of its family
gross margin-20.7%bottom 5% of its family
research spending against revenue0.4%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

0.3/10

What could actually drive growth from here?

bottom 3% of 93 in its family for growth drivers.

weight 33% of this tense · 3rd percentile among 93 sector filers · read for its customers

From the record

Daqo New Energy Corp.'s growth drivers, from the filed years to fiscal 2025: revenue grew -47.5% a year over the last three filed years against 14.5% over all 10, slowing (bottom 1% of its family); the newest year grew -35.4% (bottom 5%); research spending grew -36.4% a year (bottom 3%); capital spending grew -47.6% a year (bottom 3%) (its annual reports). Daqo New Energy Corp. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-62.1 points a yearbottom 1% of its family
the newest year's revenue growth-35.4%bottom 5% of its family
three-year growth of research spending-36.4%bottom 3% of its family
three-year growth of capital spending-47.6%bottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

3.0/10

Did its newest year beat what its own record pointed to?

bottom 30% of 88 in its family for expectations against reality.

weight 34% of this tense · 30th percentile among 88 sector filers · read for its shareholders

From the record

Daqo New Energy Corp.'s newest year against its own record: revenue of $665 million in fiscal 2025 came in 36.8% above the $487 million its prior three years' pace pointed to (top 32% of its family); net income of $171 million against a prior three-year average of $635 million (bottom 12%); a net margin of -25.6% against 8.2% before (bottom 11%) (its annual reports).

What it rests on

revenue against the prior three years' pace36.8%top 32% of its family
net income against the prior three years' average-127%bottom 12% of its family
net margin against its prior average-33.8 pointsbottom 11% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DQ · research, not advice