)
Edge28 Nov 2025
Keeping the Streak Alive: The Story of Duolingo
How Duolingo made language learning addictive, scaled to millions of users, and built a powerful subscription business around everyday practice.
Daqo New Energy (DQ) investor relations material
Daqo New Energy Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary27 Oct, 2025
Executive summary
Q3 2025 saw a significant recovery in polysilicon prices and sales, resulting in positive EBITDA of $45.8 million and adjusted net income of $3.7 million, marking a turnaround from prior quarters.
Sales volume surged to 42,406 metric tons, far exceeding production of 30,650 metric tons, reducing inventory to healthy levels.
Production costs and cash costs reached historic lows, supporting improved margins.
Strong balance sheet with $2.21 billion in cash, short-term investments, and bank deposits as of September 30, 2025.
Proactive operational measures included maintaining 40% capacity utilization to counter market oversupply.
Financial highlights
Q3 2025 revenue was $244.6 million, up from $75.2 million in Q2 2025 and $198.5 million in Q3 2024.
Gross profit of $9.7 million, reversing gross losses in prior quarters; gross margin improved to 3.9% from -108% in Q2 2025.
Net loss attributable to shareholders narrowed to $14.9 million from $76.5 million in Q2 2025.
Adjusted net income was $3.7 million, compared to an adjusted net loss of $57.9 million in Q2 2025.
EBITDA improved to $45.8 million from negative $48 million in Q2 2025, with an EBITDA margin of 18.7%.
Outlook and guidance
Q4 2025 polysilicon production expected at 39,500–42,500 metric tons; full-year 2025 guidance raised to 121,000–124,000 metric tons.
Management anticipates continued industry recovery and long-term growth, supported by regulatory measures and market discipline.
Utilization rates expected to exceed 50% in 2026, reflecting confidence in demand recovery.
Anticipates further price increases post-industry consolidation, potentially reaching RMB 60–80/kg.
Quantify polysilicon capacity reduction from new standards.
Explain Q3 strategy for inventory reduction.
Detail changes in cash and notes receivable balances.
Consolidation agreement enforcement mechanisms?
Why increase Q4 production amid overcapacity?
When will share buyback resume?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Daqo New Energy earnings date
Q4 202527 Feb, 2026
Next Daqo New Energy earnings date
Q4 202527 Feb, 2026
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Daqo New Energy Corp. is a China-based company specializing in the production of high-purity polysilicon used in the solar photovoltaic (PV) industry. The company supplies polysilicon to manufacturers of solar panels and modules, supporting the growth of renewable energy solutions globally. Daqo focuses on advanced production techniques to ensure quality and efficiency while maintaining environmentally sustainable operations. Its products are utilized in the fabrication of monocrystalline and multicrystalline wafers for solar power generation. The company is headquartered in Shanghai, China, and its shares are listed on the New York Stock Exchange.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage