Canaan Inc. (CAN)
NASDAQ: CAN · Real-Time Price · USD
0.2138
+0.0194 (9.98%)
At close: Aug 7, 2026, 4:00 PM EDT
0.2125
-0.0013 (-0.61%)
After-hours: Aug 7, 2026, 7:54 PM EDT

Canaan Financials Overview

Millions USD. Fiscal year is Jan - Dec.

Revenue & Profits

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Revenue
509.65529.74269.32211.48651.53772.76
Revenue Growth
60.77%96.69%27.35%-67.54%-15.69%1027.63%
Gross Profit
17.6141.16-84.32-240.78230.29441.76
Operating Income
-128.91-112.23-227.13-410.8842.94282.97
Net Income
-212.58-210.27-249.75-414.1569.88309.09
Earnings Per Share
-0.34-0.45-0.92-2.410.411.80
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 EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash & Investments
43.4580.7896.4996.15101.55422.34
Total Debt
56.5554.926.881.433.764.89
Net Cash (Debt)
-13.125.8869.6194.7397.8417.44
Net Cash Growth
--62.83%-26.51%-3.14%-76.57%600.97%
Net Cash Per Share
-0.020.060.260.550.572.43

Cash Flow & CapEx

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingDec '25 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Operating Cash Flow
-271.22-271.22-199.26-123.62-182.6202.28
Capital Expenditures
-24.61-24.61-19.3-3.31-17.75-5.65
Free Cash Flow
-295.83-295.83-218.57-126.93-200.35196.64
Free Cash Flow Growth
-----3101.76%

Margins

Fiscal YearTTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingMar '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Gross Margin
3.45%7.77%-31.31%-113.86%35.35%57.17%
Operating Margin
-25.29%-21.19%-84.33%-194.29%6.59%36.62%
Pretax Margin
-41.31%-39.17%-63.96%-220.12%13.56%41.00%
Profit Margin
-41.71%-39.69%-92.73%-195.84%10.73%40.00%
FCF Margin
0.00%-55.84%-81.15%-60.02%-30.75%25.45%

Valuation

Fiscal YearCurrentFY 2025FY 2024FY 2023FY 2022FY 2021
Period EndingAug '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
PE Ratio
----5.072.86
Forward PE
-282.9112.424.2218.55-
P/FCF Ratio
-----4.50
PS Ratio
0.310.872.342.370.531.15