Financial Statements — DQ
Balance Sheet
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 0.86 | 1.01 | 3.04 | 3.50 | 0.72 | 0.08 | 0.05 |
| Short-term Investments | -- | -- | 0.00 | 0.01 | 0.28 | -- | -- |
| Accounts Receivable | -- | -- | -- | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory | 0.17 | 0.15 | 0.17 | 0.17 | 0.33 | 0.04 | 0.04 |
| Total Current Assets | 2.70 | 2.63 | 3.58 | 4.89 | 1.74 | 0.18 | 0.17 |
| Property, Plant & Equipment | 3.40 | 3.50 | 3.63 | 2.61 | 1.56 | 1.03 | 1.00 |
| Total Non-current Assets* | 3.75 | 3.79 | 3.85 | 2.70 | 1.60 | 1.06 | 1.03 |
| Total Assets | 6.45 | 6.42 | 7.43 | 7.59 | 3.34 | 1.24 | 1.20 |
| Accounts Payable | 0.03 | 0.03 | 0.09 | 0.08 | 0.08 | 0.02 | 0.01 |
| Short-term Debt | -- | -- | -- | -- | 0.00 | 0.07 | 0.13 |
| Total Current Liabilities | 0.50 | 0.52 | 0.84 | 0.74 | 0.55 | 0.28 | 0.45 |
| Long-term Debt | -- | -- | -- | -- | 0.00 | 0.00 | 0.20 |
| Total Non-current Liabilities* | 0.03 | 0.04 | 0.14 | 0.25 | 0.13 | 0.16 | 0.19 |
| Total Liabilities | 0.53 | 0.56 | 0.98 | 0.99 | 0.68 | 0.44 | 0.63 |
| Retained Earnings | 2.81 | 2.98 | 3.33 | 2.90 | 1.08 | 0.33 | 0.20 |
| Total Stockholder Equity | 4.41 | 4.36 | 4.76 | 4.81 | 2.16 | 0.77 | 0.57 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 0.67 | 1.03 | 2.31 | 4.61 | 1.68 | 0.68 | 0.35 |
| Cost of Revenue | 0.80 | 1.24 | 1.39 | 1.20 | 0.58 | 0.44 | 0.27 |
| Gross Profit | (0.14) | (0.21) | 0.92 | 3.41 | 1.10 | 0.23 | 0.08 |
| Research & Development | 0.00 | 0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Selling, General & Admin | 0.12 | 0.14 | 0.21 | 0.35 | 0.04 | 0.04 | 0.03 |
| Total Operating Expenses | 0.13 | 0.35 | 0.14 | 0.37 | 0.05 | 0.05 | 0.03 |
| Operating Income | (0.27) | (0.56) | 0.78 | 3.04 | 1.05 | 0.19 | 0.05 |
| Interest Expense | -- | -- | -- | -- | 0.02 | 0.03 | 0.01 |
| Pretax Income | (0.24) | (0.52) | 0.82 | 3.06 | 1.03 | 0.16 | 0.04 |
| Tax Provision | (0.02) | (0.07) | 0.17 | 0.58 | 0.17 | 0.03 | 0.01 |
| Net Income | (0.17) | (0.35) | 0.43 | 1.82 | 0.75 | 0.13 | 0.03 |
| Basic EPS | (0.51) | (1.04) | 1.15 | 4.80 | 2.03 | 0.36 | 0.09 |
| Diluted EPS | (0.51) | (1.04) | 1.15 | 4.67 | 1.95 | 0.34 | 0.08 |
Cash Flow Statement
(in billions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 0.05 | (0.44) | 1.62 | 2.46 | 0.64 | 0.21 | 0.18 |
| Capital Expenditures | 0.17 | 0.36 | 1.11 | 1.21 | 0.50 | 0.12 | 0.28 |
| Free Cash Flow* | (0.12) | (0.79) | 0.51 | 1.26 | 0.14 | 0.09 | (0.10) |
| Investing Cash Flow | (0.13) | (1.48) | (1.20) | (1.00) | (0.78) | (0.12) | (0.26) |
| Financing Cash Flow | -0.00 | (0.05) | (0.80) | 1.47 | 0.74 | (0.10) | 0.10 |
* Derived from reported values
