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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	43.45	80.78	96.49	96.15	101.55	422.56
Short-Term Investments	-	2.15	2.15	3.75	3.33	0.24
Cash & Short-Term Investments	43.45	82.92	98.64	99.9	104.88	422.79
Cash Growth	-55.10%	-15.93%	-1.26%	-4.75%	-75.19%	508.39%
Accounts Receivable	51.56	19.29	1.51	3	-	0.06
Other Receivables	27	110.53	113.15	55.4	72.4	43.23
Receivables	78.56	129.82	114.66	58.4	72.4	43.29
Inventory	139.08	180.82	94.62	142.29	211.64	127.88
Restricted Cash	-	-	-	-	-	7.46
Other Current Assets	-	39.73	26.1	63.09	166.79	228.71
Total Current Assets	355.9	433.29	334.02	363.68	555.71	830.13
Property, Plant & Equipment	53.53	46.91	43.66	31.16	89.6	34.08
Long-Term Investments	15.06	2.85	2.78	2.82	2.87	3.15
Other Intangible Assets	0.64	0.69	0.9	-	-	-
Long-Term Deferred Tax Assets	0.19	0.19	0.3	66.81	21.74	15.59
Other Long-Term Assets	106.74	118.96	81.35	28.83	15.04	3.66
Total Assets	532.05	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	20.42	25.6	13.98	6.25	16.7	22.58
Accrued Expenses	44.13	32.98	23.3	26.7	28.82	42.38
Current Portion of Long-Term Debt	21.14	28.52	16.66	-	-	-
Current Portion of Leases	1.4	1.71	1.24	1.22	2.31	2.33
Current Income Taxes Payable	11.59	11.4	10.93	3.53	7.23	23.41
Current Unearned Revenue	7.74	9.32	24.25	19.61	0.66	211.05
Other Current Liabilities	-	21.57	88.22	77.89	19.53	26.48
Total Current Liabilities	106.42	131.09	178.57	135.19	75.26	328.23
Long-Term Debt	33.37	23.73	7.28	-	-	-
Long-Term Leases	0.64	0.95	1.7	0.21	1.44	2.56
Long-Term Unearned Revenue	-	9.26	9.06	9.19	-	-
Long-Term Deferred Tax Liabilities	0.11	0.12	0.15	-	-	-
Other Long-Term Liabilities	9.59	0.37	-	0.52	0.6	11.36
Total Liabilities	150.12	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	Mar 31, 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	1,203	1,177	816.36	653.86	492.22	455.11
Retained Earnings	-734.61	-645.87	-435.6	-204.74	209.41	141.79
Treasury Stock	-34.57	-37.17	-57.06	-57.06	-57.06	-36.41
Comprehensive Income & Other	-51.47	-56.65	-57.46	-43.88	-36.91	-16.04
Shareholders' Equity	381.93	437.37	266.25	348.19	607.67	544.45
Total Liabilities & Equity	532.05	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	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	56.55	54.9	26.88	1.43	3.76	4.9
Net Cash (Debt)	-13.1	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	-0.02	0.06	0.26	0.57	0.59	2.43
Filing Date Shares Outstanding	744.84	667.67	307.61	234.33	166.4	172.03
Total Common Shares Outstanding	744.84	667.67	307.61	234.33	166.4	171.83
Working Capital	249.49	302.2	155.45	228.49	480.46	501.9
Book Value Per Share	0.51	0.66	0.87	1.49	3.65	3.17
Tangible Book Value	381.3	436.68	265.35	348.19	607.67	544.45
Tangible Book Value Per Share	0.51	0.65	0.86	1.49	3.65	3.17
Land	-	0.12	0.12	-	-	-
Machinery	-	141.27	93.27	106.51	113.17	28.73
Construction In Progress	-	4.37	9.98	-	-	0.1
Leasehold Improvements	-	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: May 19, 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:

Aug 26, 2026

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