Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
0.3087
-0.0075 (-2.37%)
At close: Sep 10, 2026, 4:00 PM EDT
0.3100
+0.0013 (0.42%)
After-hours: Sep 10, 2026, 7:57 PM EDT

Canaan Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
441.31529.74269.32211.48651.53772.76
Revenue Growth
27.78%96.69%27.35%-67.54%-15.69%1026.92%
Gross Profit
-21.0341.16-84.32-240.78230.29441.76
Operating Income
-153.26-103.64-223.04-389.7642.94282.97
Net Income
-299.13-210.27-249.75-414.1569.88309.09
Earnings Per Share
-0.47-0.45-0.92-2.410.411.80
EPS Growth
-----77.42%-

Revenue by Geography

Fiscal YearFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '24 Dec '23 Dec '22 Dec '21
United States of America
28.170.99220.6193.9248.46
Mainland China
115.5368.17169.4218.27275.82
Ethiopia
1.3432.5871.59--
Canada
0.266.5518.1218.2762.37
Singapore
0.045.2512.220.04-
Malaysia
15.3310.13.36119.34-
Ireland
002.82--
Netherland
06.082.51--
Georgia
-2.092.10.03-
The United Arab Emirates
0.3441.451.98--
Kazakhstan
24.577.751.6457.55110.27
Brazil
0.010.031.09--
Other Foreign Countries
25.9618.292.1127.9476.9
Total
211.48269.32529.74649.93772.76

Cash & Debt

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
66.0182.9298.6499.9104.88422.79
Total Debt
60.554.926.881.433.764.9
Net Cash (Debt)
5.5128.0271.7698.47101.13417.9
Net Cash Growth
-71.95%-60.95%-27.13%-2.62%-75.80%576.99%
Net Cash Per Share
0.010.060.260.570.592.43

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
--271.22-199.26-123.62-182.6202.28
Capital Expenditures
--24.61-19.3-3.31-17.75-5.65
Free Cash Flow
--295.83-218.57-126.93-200.35196.64
Free Cash Flow Growth
-----3099.75%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingJun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
-4.77%7.77%-31.31%-113.86%35.35%57.17%
Operating Margin
-34.73%-19.56%-82.82%-184.30%6.59%36.62%
Pretax Margin
-67.16%-39.17%-63.96%-220.12%13.56%41.00%
Profit Margin
-67.78%-39.69%-92.73%-195.84%10.73%40.00%
FCF Margin
--55.84%-81.15%-60.02%-30.75%25.45%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingSep '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
----5.002.85
Forward PE
-282.9112.424.2218.55-
P/FCF Ratio
-----4.47
PS Ratio
0.520.872.421.870.541.14