Canaan Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	413.78	223.23	176.9	618.89	768.14
Other Revenue	115.95	46.09	34.58	32.64	4.62
Revenue	529.74	269.32	211.48	651.53	772.76
Revenue Growth (YoY)	96.69%	27.35%	-67.54%	-15.69%	1026.92%
Cost of Revenue	488.58	353.64	452.26	421.24	331.01
Gross Profit	41.16	-84.32	-240.78	230.29	441.76
Selling, General & Admin	81.65	77.4	79.42	97.72	106.61
Research & Development	63.15	61.32	64.85	81.76	52.17
Other Operating Expenses	-	-	4.71	7.88	-
Operating Expenses	144.8	138.72	148.98	187.35	158.78
Operating Income	-103.64	-223.04	-389.76	42.94	282.97
Interest Expense	-1.97	-0.52	-	-	-
Interest & Investment Income	0.27	0.54	0.96	2.37	1.18
Currency Exchange Gain (Loss)	-3.53	14.14	12.31	35.94	2.24
Other Non Operating Income (Expenses)	-61.86	91.44	-8.68	7.09	30.46
EBT Excluding Unusual Items	-170.72	-117.46	-385.17	88.33	316.85
Gain (Loss) on Sale of Assets	1.58	7.22	-	-	-
Asset Writedown	-10.17	-11.3	-21.13	-	-
Other Unusual Items	-28.18	-50.73	-59.2	-	-
Pretax Income	-207.49	-172.27	-465.49	88.33	316.85
Income Tax Expense	2.78	77.48	-51.34	18.45	7.77
Net Income	-210.27	-249.75	-414.15	69.88	309.09
Net Income to Common	-210.27	-249.75	-414.15	69.88	309.09
Net Income Growth	-	-	-	-77.39%	-
Shares Outstanding (Basic)	469	271	172	171	168
Shares Outstanding (Diluted)	469	271	172	172	172
Shares Change (YoY)	72.69%	57.89%	0.05%	0.07%	9.82%
EPS (Basic)	-0.45	-0.92	-2.41	0.41	1.84
EPS (Diluted)	-0.45	-0.92	-2.41	0.41	1.80
EPS Growth	-	-	-	-77.42%	-
Free Cash Flow	-	-218.57	-126.93	-200.35	196.64
Free Cash Flow Per Share	-	-0.81	-0.74	-1.17	1.15
Gross Margin	7.77%	-31.31%	-113.86%	35.35%	57.17%
Operating Margin	-19.56%	-82.82%	-184.30%	6.59%	36.62%
Profit Margin	-39.69%	-92.73%	-195.84%	10.73%	40.00%
Free Cash Flow Margin	-	-81.15%	-60.02%	-30.75%	25.45%
EBITDA	-75.22	-194.63	-330.11	76.63	285.16
EBITDA Margin	-14.20%	-72.27%	-156.10%	11.76%	36.90%
D&A For EBITDA	28.42	28.42	59.64	33.69	2.19
EBIT	-103.64	-223.04	-389.76	42.94	282.97
EBIT Margin	-19.56%	-82.82%	-184.30%	6.59%	36.62%
Effective Tax Rate	-	-	-	20.89%	2.45%
Revenue as Reported	529.74	269.32	211.48	651.53	772.76
Advertising Expenses	-	0.54	1.64	0.96	0.69

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q