Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
0.9478
-0.0622 (-6.16%)
At close: Dec 1, 2025, 4:00 PM EST
0.9697
+0.0219 (2.31%)
Pre-market: Dec 2, 2025, 7:13 AM EST
Canaan Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2017 - 2019 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2017 - 2019 |
Operating Revenue | 322.31 | 223.23 | 176.9 | 618.89 | 768.14 | 68.44 | Upgrade |
Other Revenue | 99.92 | 46.09 | 34.58 | 32.64 | 4.62 | 0.14 | Upgrade |
| 422.23 | 269.32 | 211.48 | 651.53 | 772.76 | 68.57 | Upgrade | |
Revenue Growth (YoY) | 83.87% | 27.35% | -67.54% | -15.69% | 1026.92% | -66.44% | Upgrade |
Cost of Revenue | 402.01 | 353.64 | 452.26 | 421.24 | 331.01 | 62.79 | Upgrade |
Gross Profit | 20.22 | -84.32 | -240.78 | 230.29 | 441.76 | 5.78 | Upgrade |
Selling, General & Admin | 92.8 | 77.4 | 79.42 | 97.72 | 106.61 | 23.22 | Upgrade |
Research & Development | 68.26 | 61.32 | 64.85 | 81.76 | 52.17 | 21.45 | Upgrade |
Other Operating Expenses | - | - | 4.71 | 7.88 | - | - | Upgrade |
Operating Expenses | 161.06 | 138.72 | 148.98 | 187.35 | 158.78 | 44.67 | Upgrade |
Operating Income | -140.84 | -223.04 | -389.76 | 42.94 | 282.97 | -38.89 | Upgrade |
Interest Expense | -1.4 | -0.52 | - | - | - | -0.55 | Upgrade |
Interest & Investment Income | 0.33 | 0.54 | 0.96 | 2.37 | 1.18 | 1.38 | Upgrade |
Currency Exchange Gain (Loss) | 5.02 | 14.14 | 12.31 | 35.94 | 2.24 | 0.37 | Upgrade |
Other Non Operating Income (Expenses) | 59.67 | 91.44 | -8.68 | 7.09 | 30.46 | 4.36 | Upgrade |
EBT Excluding Unusual Items | -77.22 | -117.46 | -385.17 | 88.33 | 316.85 | -33.33 | Upgrade |
Gain (Loss) on Sale of Investments | - | - | - | - | - | 0.38 | Upgrade |
Gain (Loss) on Sale of Assets | 1.83 | 7.22 | - | - | - | - | Upgrade |
Asset Writedown | -5.24 | -11.3 | -21.13 | - | - | - | Upgrade |
Other Unusual Items | -50.23 | -50.73 | -59.2 | - | - | - | Upgrade |
Pretax Income | -130.86 | -172.27 | -465.49 | 88.33 | 316.85 | -32.95 | Upgrade |
Income Tax Expense | 87.27 | 77.48 | -51.34 | 18.45 | 7.77 | - | Upgrade |
Net Income | -218.13 | -249.75 | -414.15 | 69.88 | 309.09 | -32.95 | Upgrade |
Net Income to Common | -218.13 | -249.75 | -414.15 | 69.88 | 309.09 | -32.95 | Upgrade |
Net Income Growth | - | - | - | -77.39% | - | - | Upgrade |
Shares Outstanding (Basic) | 381 | 271 | 172 | 171 | 168 | 156 | Upgrade |
Shares Outstanding (Diluted) | 381 | 271 | 172 | 172 | 172 | 156 | Upgrade |
Shares Change (YoY) | 55.35% | 57.89% | 0.05% | 0.07% | 9.82% | 8.94% | Upgrade |
EPS (Basic) | -0.57 | -0.92 | -2.41 | 0.41 | 1.84 | -0.21 | Upgrade |
EPS (Diluted) | -0.57 | -0.92 | -2.41 | 0.41 | 1.80 | -0.21 | Upgrade |
EPS Growth | - | - | - | -77.42% | - | - | Upgrade |
Free Cash Flow | - | -218.57 | -126.93 | -200.35 | 196.64 | 6.15 | Upgrade |
Free Cash Flow Per Share | - | -0.81 | -0.74 | -1.17 | 1.15 | 0.04 | Upgrade |
Gross Margin | 4.79% | -31.31% | -113.86% | 35.35% | 57.17% | 8.43% | Upgrade |
Operating Margin | -33.36% | -82.82% | -184.30% | 6.59% | 36.62% | -56.71% | Upgrade |
Profit Margin | -51.66% | -92.73% | -195.84% | 10.73% | 40.00% | -48.05% | Upgrade |
Free Cash Flow Margin | - | -81.15% | -60.02% | -30.75% | 25.45% | 8.96% | Upgrade |
EBITDA | -135.84 | -194.63 | -330.11 | 76.63 | 285.16 | -34.1 | Upgrade |
EBITDA Margin | -32.17% | -72.27% | -156.10% | 11.76% | 36.90% | -49.73% | Upgrade |
D&A For EBITDA | 5 | 28.42 | 59.64 | 33.69 | 2.19 | 4.79 | Upgrade |
EBIT | -140.84 | -223.04 | -389.76 | 42.94 | 282.97 | -38.89 | Upgrade |
EBIT Margin | -33.36% | -82.82% | -184.30% | 6.59% | 36.62% | -56.71% | Upgrade |
Effective Tax Rate | - | - | - | 20.89% | 2.45% | - | Upgrade |
Revenue as Reported | 422.23 | 269.32 | 211.48 | 651.53 | 772.76 | 68.57 | Upgrade |
Advertising Expenses | - | 0.54 | 1.64 | 0.96 | 0.69 | 0.57 | Upgrade |
Updated Nov 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.