Canaan Inc. (CAN)

Canaan Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Mar 3, 2022	Dec 31, 2021
Operating Revenue	268.28	223.23	176.9	618.89	-	768.14
Other Revenue	77.08	46.09	34.58	32.64	-	4.62
Revenue	345.36	269.32	211.48	651.53	-	772.76
Revenue Growth (YoY)	82.40%	27.35%	-67.54%	-	-	1026.92%
Cost of Revenue	363.27	353.64	452.26	421.24	-	331.01
Gross Profit	-17.91	-84.32	-240.78	230.29	-	441.76
Selling, General & Admin	84.72	77.4	79.42	97.72	-	106.61
Research & Development	66.69	61.32	64.85	81.76	-	52.17
Other Operating Expenses	-	-	4.71	7.88	-	-
Operating Expenses	151.41	138.72	148.98	187.35	-	158.78
Operating Income	-169.32	-223.04	-389.76	42.94	-	282.97
Interest Expense	-1.24	-0.52	-	-	-	-
Interest & Investment Income	0.4	0.54	0.96	2.37	-	1.18
Currency Exchange Gain (Loss)	5.79	14.14	12.31	35.94	-	2.24
Other Non Operating Income (Expenses)	64.87	91.44	-8.68	7.09	-	30.46
EBT Excluding Unusual Items	-99.51	-117.46	-385.17	88.33	-	316.85
Gain (Loss) on Sale of Assets	2.64	7.22	-	-	-	-
Asset Writedown	-10.51	-11.3	-21.13	-	-	-
Other Unusual Items	-78.53	-50.73	-59.2	-	-	-
Pretax Income	-185.9	-172.27	-465.49	88.33	-	316.85
Income Tax Expense	80.07	77.48	-51.34	18.45	-	7.77
Net Income	-265.97	-249.75	-414.15	69.88	-	309.09
Net Income to Common	-265.97	-249.75	-414.15	69.88	-	309.09
Shares Outstanding (Basic)	320	271	172	171	-	168
Shares Outstanding (Diluted)	320	271	172	172	-	172
Shares Change (YoY)	46.66%	57.89%	0.05%	-	-	9.82%
EPS (Basic)	-0.83	-0.92	-2.41	0.41	-	1.84
EPS (Diluted)	-0.83	-0.92	-2.41	0.41	-	1.80
Free Cash Flow	-325.94	-218.57	-126.93	-200.35	-	196.64
Free Cash Flow Per Share	-1.02	-0.81	-0.74	-1.17	-	1.15
Gross Margin	-5.19%	-31.31%	-113.86%	35.35%	-	57.17%
Operating Margin	-49.03%	-82.82%	-184.30%	6.59%	-	36.62%
Profit Margin	-77.01%	-92.73%	-195.84%	10.73%	-	40.00%
Free Cash Flow Margin	-94.38%	-81.15%	-60.02%	-30.75%	-	25.45%
EBITDA	-134.88	-194.63	-330.11	76.63	-	285.16
EBITDA Margin	-39.05%	-72.27%	-156.10%	11.76%	-	36.90%
D&A For EBITDA	34.45	28.42	59.64	33.69	-	2.19
EBIT	-169.32	-223.04	-389.76	42.94	-	282.97
EBIT Margin	-49.03%	-82.82%	-184.30%	6.59%	-	36.62%
Effective Tax Rate	-	-	-	20.89%	-	2.45%
Revenue as Reported	345.36	269.32	211.48	651.53	-	772.76
Advertising Expenses	-	0.54	1.64	0.96	-	0.69

Updated May 20, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q