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
Revenue	529.74	269.32	211.48	651.53	772.76
Revenue Growth (YoY)	96.69%	27.35%	-67.54%	-15.69%	1027.63%
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	8.59	4.09	25.83	7.88	-
Total Operating Expenses	153.39	142.81	170.1	187.35	158.78
Operating Income	-112.23	-227.13	-410.88	42.94	282.97
Interest Income	0.27	0.54	0.96	2.37	1.18
Interest Expense	-1.97	-0.52	-	-	-
Other Non-Operating Income (Expense)	-93.56	54.85	-55.57	43.03	32.7
Total Non-Operating Income (Expense)	-95.26	54.86	-54.61	45.4	33.88
Pretax Income	-207.49	-172.27	-465.49	88.33	316.85
Provision for Income Taxes	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)	470	271	172	171	168
Shares Outstanding (Diluted)	470	271	172	172	172
Shares Change (YoY)	72.94%	57.89%	0.05%	0.07%	9.83%
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%	-
Shares Outstanding	667.67	307.61	217.19	166.4	171.83
Free Cash Flow	-295.83	-218.57	-126.93	-200.35	196.64
Free Cash Flow Growth	-	-	-	-	3101.76%
Free Cash Flow Per Share	-0.63	-0.81	-0.74	-1.17	1.14
Gross Margin	7.77%	-31.31%	-113.86%	35.35%	57.17%
Operating Margin	-21.19%	-84.33%	-194.29%	6.59%	36.62%
Profit Margin	-39.69%	-92.73%	-195.84%	10.73%	40.00%
FCF Margin	-55.84%	-81.15%	-60.02%	-30.75%	25.45%
EBITDA	-64.67	-198.71	-351.24	76.63	284.68
EBITDA Margin	-12.21%	-73.78%	-166.09%	11.76%	36.84%
EBIT	-112.23	-227.13	-410.88	42.94	282.97
EBIT Margin	-21.19%	-84.33%	-194.29%	6.59%	36.62%
Effective Tax Rate	-1.34%	-44.98%	11.03%	20.89%	2.45%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q