Canaan Inc. (CAN)

Canaan Balance Sheet

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	80.78	96.49	96.15	101.55	422.56
Short-Term Investments	-	2.15	3.75	3.33	0.24
Cash & Short-Term Investments	80.78	98.64	99.9	104.88	422.79
Cash Growth	-18.11%	-1.26%	-4.75%	-75.19%	508.39%
Accounts Receivable	19.29	1.51	3	-	0.06
Other Receivables	52.7	113.15	55.4	72.4	43.23
Receivables	71.99	114.66	58.4	72.4	43.29
Inventory	180.82	94.62	142.29	211.64	127.88
Prepaid Expenses	99.71	-	-	-	-
Restricted Cash	-	-	-	-	7.46
Other Current Assets	-	26.1	63.09	166.79	228.71
Total Current Assets	433.29	334.02	363.68	555.71	830.13
Property, Plant & Equipment	46.91	43.66	31.16	89.6	34.08
Long-Term Investments	2.85	2.78	2.82	2.87	3.15
Other Intangible Assets	0.69	0.9	-	-	-
Long-Term Deferred Tax Assets	0.19	0.3	66.81	21.74	15.59
Other Long-Term Assets	118.96	81.35	28.83	15.04	3.66
Total Assets	602.88	463.01	493.3	684.96	886.61
Accounts Payable	25.6	13.98	6.25	16.7	22.58
Accrued Expenses	54.55	23.3	26.7	28.82	42.38
Current Portion of Long-Term Debt	28.52	16.66	-	-	-
Current Portion of Leases	1.71	1.24	1.22	2.31	2.33
Current Income Taxes Payable	11.4	10.93	3.53	7.23	23.41
Current Unearned Revenue	9.32	24.25	19.61	0.66	211.05
Other Current Liabilities	-	88.22	77.89	19.53	26.48
Total Current Liabilities	131.09	178.57	135.19	75.26	328.23
Long-Term Debt	23.73	7.28	-	-	-
Long-Term Leases	0.95	1.7	0.21	1.44	2.56
Long-Term Unearned Revenue	-	9.06	9.19	-	-
Long-Term Deferred Tax Liabilities	0.12	0.15	-	-	-
Other Long-Term Liabilities	9.63	-	0.52	0.6	11.36
Total Liabilities	165.52	196.76	145.11	77.3	342.15
Common Stock	0	-	-	-	0
Additional Paid-In Capital	1,177	816.36	653.86	492.22	455.11
Retained Earnings	-645.87	-435.6	-204.74	209.41	141.79
Treasury Stock	-37.17	-57.06	-57.06	-57.06	-36.41
Comprehensive Income & Other	-56.65	-57.46	-43.88	-36.91	-16.04
Shareholders' Equity	437.37	266.25	348.19	607.67	544.45
Total Liabilities & Equity	602.88	463.01	493.3	684.96	886.61
Total Debt	54.9	26.88	1.43	3.76	4.9
Net Cash (Debt)	25.88	71.76	98.47	101.13	417.9
Net Cash Growth	-63.94%	-27.13%	-2.62%	-75.80%	576.99%
Net Cash Per Share	0.06	0.26	0.57	0.59	2.43
Filing Date Shares Outstanding	662.61	307.61	234.33	166.4	172.03
Total Common Shares Outstanding	662.61	307.61	234.33	166.4	171.83
Working Capital	302.2	155.45	228.49	480.46	501.9
Book Value Per Share	0.66	0.87	1.49	3.65	3.17
Tangible Book Value	436.68	265.35	348.19	607.67	544.45
Tangible Book Value Per Share	0.66	0.86	1.49	3.65	3.17
Land	-	0.12	-	-	-
Machinery	-	93.27	106.51	113.17	28.73
Construction In Progress	-	9.98	-	-	0.1
Leasehold Improvements	-	5.05	5.77	4.81	3.37

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q