Canaan Inc. (CAN)

Canaan Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	66.01	80.78	96.49	96.15	101.55	422.56
Short-Term Investments	2.29	2.15	2.15	3.75	3.33	0.24
Cash & Short-Term Investments	68.3	82.92	98.64	99.9	104.88	422.79
Cash Growth	0.70%	-15.93%	-1.26%	-4.75%	-75.19%	508.39%
Accounts Receivable	1.73	19.29	1.51	3	-	0.06
Other Receivables	82.37	110.53	113.15	55.4	72.4	43.23
Receivables	84.09	129.82	114.66	58.4	72.4	43.29
Inventory	128.84	180.82	94.62	142.29	211.64	127.88
Restricted Cash	-	-	-	-	-	7.46
Other Current Assets	29.33	39.73	26.1	63.09	166.79	228.71
Total Current Assets	310.55	433.29	334.02	363.68	555.71	830.13
Property, Plant & Equipment	29.48	46.91	43.66	31.16	89.6	34.08
Long-Term Investments	12.79	2.85	2.78	2.82	2.87	3.15
Other Intangible Assets	0.58	0.69	0.9	-	-	-
Long-Term Deferred Tax Assets	0.2	0.19	0.3	66.81	21.74	15.59
Other Long-Term Assets	92.64	118.96	81.35	28.83	15.04	3.66
Total Assets	446.24	602.88	463.01	493.3	684.96	886.61

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	15.46	25.6	13.98	6.25	16.7	22.58
Accrued Expenses	20.92	32.98	23.3	26.7	28.82	42.38
Short-Term Debt	10.16	-	-	-	-	-
Current Portion of Long-Term Debt	23.89	28.52	16.66	-	-	-
Current Portion of Leases	1.23	1.71	1.24	1.22	2.31	2.33
Current Income Taxes Payable	11.83	11.4	10.93	3.53	7.23	23.41
Current Unearned Revenue	4.11	9.32	24.25	19.61	0.66	211.05
Other Current Liabilities	20.91	21.57	88.22	77.89	19.53	26.48
Total Current Liabilities	108.5	131.09	178.57	135.19	75.26	328.23
Long-Term Debt	34.9	23.73	7.28	-	-	-
Long-Term Leases	0.48	0.95	1.7	0.21	1.44	2.56
Long-Term Unearned Revenue	9.56	9.26	9.06	9.19	-	-
Long-Term Deferred Tax Liabilities	0.1	0.12	0.15	-	-	-
Other Long-Term Liabilities	-	0.37	-	0.52	0.6	11.36
Total Liabilities	153.53	165.52	196.76	145.11	77.3	342.15

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0	0	-	-	-	0
Additional Paid-In Capital	1,193	1,177	816.36	653.86	492.22	455.11
Retained Earnings	-832.22	-645.87	-435.6	-204.74	209.41	141.79
Treasury Stock	-20.26	-37.17	-57.06	-57.06	-57.06	-36.41
Comprehensive Income & Other	-47.63	-56.65	-57.46	-43.88	-36.91	-16.04
Shareholders' Equity	292.71	437.37	266.25	348.19	607.67	544.45
Total Liabilities & Equity	446.24	602.88	463.01	493.3	684.96	886.61

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	70.66	54.9	26.88	1.43	3.76	4.9
Net Cash (Debt)	-2.36	28.02	71.76	98.47	101.13	417.9
Net Cash Growth	-	-60.95%	-27.13%	-2.62%	-75.80%	576.99%
Net Cash Per Share	-0.00	0.06	0.26	0.57	0.59	2.43
Filing Date Shares Outstanding	747.15	667.67	307.61	234.33	166.4	172.03
Total Common Shares Outstanding	747.15	667.67	307.61	234.33	166.4	171.83
Working Capital	202.06	302.2	155.45	228.49	480.46	501.9
Book Value Per Share	0.39	0.66	0.87	1.49	3.65	3.17
Tangible Book Value	292.12	436.68	265.35	348.19	607.67	544.45
Tangible Book Value Per Share	0.39	0.65	0.86	1.49	3.65	3.17
Land	0.12	0.12	0.12	-	-	-
Machinery	135.31	141.27	93.27	106.51	113.17	28.73
Construction In Progress	0.93	4.37	9.98	-	-	0.1
Leasehold Improvements	5.35	5.22	5.05	5.77	4.81	3.37

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Sep 11, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 22, 2026

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