Canaan Inc. (CAN)

Canaan Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	119.21	96.49	96.15	101.55	422.56	59.94
Short-Term Investments	-	2.15	3.75	3.33	0.24	9.56
Cash & Short-Term Investments	119.21	98.64	99.9	104.88	422.79	69.49
Cash Growth	66.07%	-1.26%	-4.75%	-75.19%	508.39%	-8.29%
Accounts Receivable	7.02	1.51	3	-	0.06	1.09
Other Receivables	113.14	113.15	55.4	72.4	43.23	14.3
Receivables	120.15	114.66	58.4	72.4	43.29	15.4
Inventory	201.74	94.62	142.29	211.64	127.88	34.54
Restricted Cash	-	-	-	-	7.46	0.69
Other Current Assets	-	26.1	63.09	166.79	228.71	34.15
Total Current Assets	517.36	334.02	363.68	555.71	830.13	154.28
Property, Plant & Equipment	63.72	43.66	31.16	89.6	34.08	4.08
Long-Term Investments	2.82	2.78	2.82	2.87	3.15	0
Other Intangible Assets	0.74	0.9	-	-	-	-
Long-Term Deferred Tax Assets	0.3	0.3	66.81	21.74	15.59	-
Other Long-Term Assets	85.07	81.35	28.83	15.04	3.66	0.39
Total Assets	670	463.01	493.3	684.96	886.61	158.74
Accounts Payable	33.67	13.98	6.25	16.7	22.58	7.87
Accrued Expenses	55.49	23.3	26.7	28.82	42.38	8.42
Short-Term Debt	-	-	-	-	-	5.32
Current Portion of Long-Term Debt	44.7	16.66	-	-	-	-
Current Portion of Leases	1.67	1.24	1.22	2.31	2.33	1.93
Current Income Taxes Payable	11.17	10.93	3.53	7.23	23.41	-
Current Unearned Revenue	86.91	24.25	19.61	0.66	211.05	65.92
Other Current Liabilities	45.35	88.22	77.89	19.53	26.48	1.28
Total Current Liabilities	278.96	178.57	135.19	75.26	328.23	90.75
Long-Term Debt	-	7.28	-	-	-	-
Long-Term Leases	1.28	1.7	0.21	1.44	2.56	0.51
Long-Term Unearned Revenue	-	9.06	9.19	-	-	-
Long-Term Deferred Tax Liabilities	0.13	0.15	-	-	-	-
Other Long-Term Liabilities	9.73	-	0.52	0.6	11.36	1.23
Total Liabilities	290.1	196.76	145.11	77.3	342.15	92.49
Common Stock	-	-	-	-	0	0
Additional Paid-In Capital	1,037	816.36	653.86	492.22	455.11	250.38
Retained Earnings	-560.83	-435.6	-204.74	209.41	141.79	-168.24
Treasury Stock	-38.85	-57.06	-57.06	-57.06	-36.41	-3.66
Comprehensive Income & Other	-57.79	-57.46	-43.88	-36.91	-16.04	-12.22
Shareholders' Equity	379.9	266.25	348.19	607.67	544.45	66.26
Total Liabilities & Equity	670	463.01	493.3	684.96	886.61	158.74
Total Debt	47.66	26.88	1.43	3.76	4.9	7.77
Net Cash (Debt)	71.55	71.76	98.47	101.13	417.9	61.73
Net Cash Growth	59.79%	-27.13%	-2.62%	-75.80%	576.99%	6.26%
Net Cash Per Share	0.19	0.26	0.57	0.59	2.43	0.39
Filing Date Shares Outstanding	519.18	307.61	234.33	166.4	172.03	155.22
Total Common Shares Outstanding	519.18	307.61	234.33	166.4	171.83	155.22
Working Capital	238.4	155.45	228.49	480.46	501.9	63.53
Book Value Per Share	0.73	0.87	1.49	3.65	3.17	0.43
Tangible Book Value	379.16	265.35	348.19	607.67	544.45	66.26
Tangible Book Value Per Share	0.73	0.86	1.49	3.65	3.17	0.43
Land	-	0.12	-	-	-	-
Machinery	-	93.27	106.51	113.17	28.73	2.48
Construction In Progress	-	9.98	-	-	0.1	0.2
Leasehold Improvements	-	5.05	5.77	4.81	3.37	2.62

Updated Nov 18, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q