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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	65.9	96.49	96.15	101.55	422.56	59.94
Short-Term Investments	1.92	2.15	3.75	3.33	0.24	9.56
Cash & Short-Term Investments	67.83	98.64	99.9	104.88	422.79	69.49
Cash Growth	-3.28%	-1.26%	-4.75%	-75.19%	508.39%	-8.29%
Accounts Receivable	3.92	1.51	3	-	0.06	1.09
Other Receivables	124	113.15	55.4	72.4	43.23	14.3
Receivables	127.92	114.66	58.4	72.4	43.29	15.4
Inventory	107.95	94.62	142.29	211.64	127.88	34.54
Restricted Cash	-	-	-	-	7.46	0.69
Other Current Assets	117.3	26.1	63.09	166.79	228.71	34.15
Total Current Assets	421	334.02	363.68	555.71	830.13	154.28
Property, Plant & Equipment	72.69	43.66	31.16	89.6	34.08	4.08
Long-Term Investments	2.79	2.78	2.82	2.87	3.15	0
Other Intangible Assets	0.8	0.9	-	-	-	-
Long-Term Deferred Tax Assets	0.3	0.3	66.81	21.74	15.59	-
Other Long-Term Assets	94.61	81.35	28.83	15.04	3.66	0.39
Total Assets	592.18	463.01	493.3	684.96	886.61	158.74
Accounts Payable	29.96	13.98	6.25	16.7	22.58	7.87
Accrued Expenses	21.18	23.3	26.7	28.82	42.38	8.42
Short-Term Debt	-	-	-	-	-	5.32
Current Portion of Long-Term Debt	23.97	16.66	-	-	-	-
Current Portion of Leases	1.83	1.24	1.22	2.31	2.33	1.93
Current Income Taxes Payable	10.83	10.93	3.53	7.23	23.41	-
Current Unearned Revenue	5.97	24.25	19.61	0.66	211.05	65.92
Other Current Liabilities	143.21	88.22	77.89	19.53	26.48	1.28
Total Current Liabilities	236.95	178.57	135.19	75.26	328.23	90.75
Long-Term Debt	20.75	7.28	-	-	-	-
Long-Term Leases	1.65	1.7	0.21	1.44	2.56	0.51
Long-Term Unearned Revenue	9.09	9.06	9.19	-	-	-
Long-Term Deferred Tax Liabilities	0.14	0.15	-	-	-	-
Other Long-Term Liabilities	-	-	0.52	0.6	11.36	1.23
Total Liabilities	268.57	196.76	145.11	77.3	342.15	92.49
Common Stock	-	-	-	-	0	0
Additional Paid-In Capital	956.47	816.36	653.86	492.22	455.11	250.38
Retained Earnings	-533.09	-435.6	-204.74	209.41	141.79	-168.24
Treasury Stock	-42.65	-57.06	-57.06	-57.06	-36.41	-3.66
Comprehensive Income & Other	-57.14	-57.46	-43.88	-36.91	-16.04	-12.22
Shareholders' Equity	323.6	266.25	348.19	607.67	544.45	66.26
Total Liabilities & Equity	592.18	463.01	493.3	684.96	886.61	158.74
Total Debt	48.19	26.88	1.43	3.76	4.9	7.77
Net Cash (Debt)	19.64	71.76	98.47	101.13	417.9	61.73
Net Cash Growth	-58.76%	-27.13%	-2.62%	-75.80%	576.99%	6.26%
Net Cash Per Share	0.06	0.26	0.57	0.59	2.43	0.39
Filing Date Shares Outstanding	469	307.61	234.33	166.4	172.03	155.22
Total Common Shares Outstanding	469	307.61	234.33	166.4	171.83	155.22
Working Capital	184.05	155.45	228.49	480.46	501.9	63.53
Book Value Per Share	0.69	0.87	1.49	3.65	3.17	0.43
Tangible Book Value	322.81	265.35	348.19	607.67	544.45	66.26
Tangible Book Value Per Share	0.69	0.86	1.49	3.65	3.17	0.43
Land	0.12	0.12	-	-	-	-
Machinery	130.28	93.27	106.51	113.17	28.73	2.48
Construction In Progress	13.08	9.98	-	-	0.1	0.2
Leasehold Improvements	5.09	5.05	5.77	4.81	3.37	2.62

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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