Canaan Inc.(CAN)Earnings, Financials & Key Ratios
CAN•NASDAQ
$0.55
$356M mkt cap·Price updated May 6, 2026
AboutCanaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang on January 19, 2013 and is headquartered in Singapore.Show more
- Revenue$530M+96.7%
- EBITDA-$84M+57.8%
- Net Income-$210M+15.8%
- EPS (Diluted)-0.45+51.1%
- Gross Margin7.77%+124.8%
- EBITDA Margin-15.82%+78.6%
- Operating Margin-21.19%+74.9%
- Net Margin-39.69%+57.2%
- ROE-59.77%+26.5%
- ROIC-24.89%+62.1%
- Debt/Equity0.13-64.8%
- Interest Coverage-56.93+86.9%
CAN Key Insights
Canaan Inc. (CAN) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Strong 5Y sales CAGR of 50.5%
- ✓Trading at only 0.6x book value
✗Weaknesses
- ✗Weak momentum: RS Rating 15 (bottom 15%)
- ✗Shares diluted 72.7% in last year
- ✗Trading more than 30% below 52-week high
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
CAN Price & Volume
Canaan Inc. (CAN) stock price & volume — 10-year historical chart
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CAN Growth Metrics
Canaan Inc. (CAN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years50.51%
3 Years-6.67%
TTM96.81%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM15.77%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM46.56%
Return on Capital
10 Years-25.44%
5 Years-17.44%
3 Years-61.62%
Last Year-29.68%
CAN Recent Earnings
Canaan Inc. (CAN) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q1 2026Latest
Feb 10, 2026EPS
$0.13
Est $0.06
-116.7%
Revenue
$28M
Est $25M
+11.8%
Q4 2025
Nov 18, 2025EPS
$0.05
Est $0.06
+16.7%
Revenue
$151M
Est $25M
+509.6%
Q3 2025
Aug 14, 2025EPS
$0.03
Est $0.13
+76.9%
Revenue
$14M
Est $18M
-23.5%
Q2 2025
May 20, 2025EPS
$1.79
Est $0.15
-1093.3%
Revenue
$82
Est $137M
-100.0%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 10, 2026 | $0.13vs $0.06-116.7% | $28Mvs $25M+11.8% |
| Q4 2025 | Nov 18, 2025 | $0.05vs $0.06+16.7% | $151Mvs $25M+509.6% |
| Q3 2025 | Aug 14, 2025 | $0.03vs $0.13+76.9% | $14Mvs $18M-23.5% |
| Q2 2025 | May 20, 2025 | $1.79vs $0.15-1093.3% | $82vs $137M-100.0% |
Based on last 12 quarters of dataView full earnings history →
CAN Peer Comparison
Canaan Inc. (CAN) competitors in Advanced Computing and Mining Hardware — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 MARA | 4.95B | 13.03 | -3.53 | 38.2% | -30.54% | 1.05 | ||
 RIOT | 8.98B | 23.68 | -12.14 | 71.89% | -28.78% | 0.10 | ||
 CLSK | 3.71B | 14.50 | 12.95 | 102.21% | -33.25% | -13.75% | 0.38 | |
 CIFR | 8.89B | 21.91 | -10.19 | 48.04% | -115.53% | 3.31 | ||
 BTBT | 621.7M | 1.93 | 9.65 | 264.59% | 21.41% | 0.03 | ||
 HUT | 12.08B | 108.94 | -50.91 | -90.71% | -17.66% | 0.25 | ||
 BITF | 1.29B | 2.16 | -16.62 | 31.78% | -21.32% | 0.04 | ||
 IREN | 20.26B | 60.98 | 156.36 | 167.65% | -0.64% | 0.53 |
Compare CAN vs Peers
Canaan Inc. (CAN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
CAN Income Statement
Canaan Inc. (CAN) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 1.31B | 2.71B | 1.42B | 68.58M | 771.14M | 651.53M | 211.48M | 269.32M | 529.74M |
| Revenue Growth % | - | 106.81% | -47.41% | -95.18% | 1024.42% | -15.51% | -67.54% | 27.35% | 96.69% |
| Cost of Goods Sold | 703.7M | 2.2B | 1.94B | 62.8M | 330.31M | 424.34M | 452.26M | 353.64M | 488.58M |
| COGS % of Revenue | 53.8% | 81.22% | 136.27% | 91.56% | 42.83% | 65.13% | 213.86% | 131.31% | 92.23% |
| Gross Profit | 604.38M▲ 0% | 508.12M▼ 15.9% | -516M▼ 201.6% | 5.79M▲ 101.1% | 440.83M▲ 7520.1% | 230.29M▼ 47.8% | -240.78M▼ 204.6% | -84.32M▲ 65.0% | 41.16M▲ 148.8% |
| Gross Margin % | 46.2% | 18.78% | -36.27% | 8.44% | 57.17% | 35.35% | -113.86% | -31.31% | 7.77% |
| Gross Profit Growth % | - | -15.93% | -201.55% | 101.12% | 7520.13% | -47.76% | -204.56% | 64.98% | 148.81% |
| Operating Expenses | 209.26M | 262.2M | 505.38M | 44.64M | 158.78M | 187.35M | 170.1M | 142.81M | 153.39M |
| OpEx % of Revenue | 16% | 9.69% | 35.52% | 65.09% | 20.59% | 28.76% | 80.43% | 53.03% | 28.96% |
| Selling, General & Admin | 145.99M | 185.41M | 369.55M | 23.22M | 106.39M | 97.72M | 79.42M | 77.4M | 81.65M |
| SG&A % of Revenue | 11.16% | 6.85% | 25.98% | 33.86% | 13.8% | 15% | 37.56% | 28.74% | 15.41% |
| Research & Development | 99.77M | 189.68M | 168.98M | 21.45M | 52.06M | 82.36M | 64.84M | 61.32M | 63.15M |
| R&D % of Revenue | 7.63% | 7.01% | 11.88% | 31.28% | 6.75% | 12.64% | 30.66% | 22.77% | 11.92% |
| Other Operating Expenses | 0 | 0 | -33.16M | -37.33K | 333.41K | 7.28M | 25.83M | 4.09M | 8.59M |
| Operating Income | 397.44M▲ 0% | 243.25M▼ 38.8% | -1.05B▼ 533.0% | -38.89M▲ 96.3% | 282.38M▲ 826.1% | 42.94M▼ 84.8% | -410.88M▼ 1056.9% | -227.13M▲ 44.7% | -112.23M▲ 50.6% |
| Operating Margin % | 30.38% | 8.99% | -74.04% | -56.71% | 36.62% | 6.59% | -194.29% | -84.33% | -21.19% |
| Operating Income Growth % | - | -38.79% | -533% | 96.31% | 826.06% | -84.79% | -1056.94% | 44.72% | 50.59% |
| EBITDA | 406.52M | 256.4M | -1.02B | -34.11M | 284.56M | 76.87M | -351.24M | -198.71M | -83.81M |
| EBITDA Margin % | 31.08% | 9.48% | -71.64% | -49.73% | 36.9% | 11.8% | -166.09% | -73.78% | -15.82% |
| EBITDA Growth % | - | -36.93% | -497.47% | 96.65% | 934.35% | -72.99% | -556.91% | 43.43% | 57.82% |
| D&A (Non-Cash Add-back) | 9.08M | 13.14M | 34.16M | 4.79M | 2.18M | 33.94M | 59.64M | 28.42M | 28.42M |
| EBIT | 61.42M | 36.82M | -144.99M | -38.89M | 282.97M | 42.94M | -389.75M | -171.75M | -103.64M |
| Net Interest Income | 37.22K | -7.1M | -2.31M | 783.8K | 1.13M | 2.37M | 956K | 15K | -1.7M |
| Interest Income | 5.84M | 615.5K | 550.68K | 1.3M | 1.13M | 2.37M | 956K | 536K | 266.7K |
| Interest Expense | 0 | 7.71M | 2.86M | 519.69K | 0 | 0 | 0 | 521K | 1.97M |
| Other Income/Expense | 345.85M | 9.77M | 904.71M | 5.94M | 34.45M | 45.4M | -54.61M | 54.86M | -95.26M |
| Pretax Income | 400.97M▲ 0% | 200.24M▼ 50.1% | -1.03B▼ 616.6% | -32.95M▲ 96.8% | 316.83M▲ 1061.6% | 88.33M▼ 72.1% | -465.49M▼ 627.0% | -172.27M▲ 63.0% | -207.49M▼ 20.4% |
| Pretax Margin % | 30.65% | 7.4% | -72.72% | -48.05% | 41.09% | 13.56% | -220.12% | -63.96% | -39.17% |
| Income Tax | 25.15M | 77.81M | 0 | 0 | 7.75M | 18.45M | -51.34M | 77.48M | 2.78M |
| Effective Tax Rate % | 6.27% | 38.86% | 0% | 0% | 2.45% | 20.89% | 11.03% | -44.98% | -1.34% |
| Net Income | 375.82M▲ 0% | 122.43M▼ 67.4% | -1.03B▼ 945.0% | -32.95M▲ 96.8% | 308.44M▲ 1036.1% | 69.88M▼ 77.3% | -414.15M▼ 692.6% | -249.75M▲ 39.7% | -210.27M▲ 15.8% |
| Net Margin % | 28.73% | 4.53% | -72.72% | -48.05% | 40% | 10.73% | -195.84% | -92.73% | -39.69% |
| Net Income Growth % | - | -67.42% | -944.97% | 96.81% | 1036.07% | -77.34% | -692.63% | 39.7% | 15.81% |
| Net Income (Continuing) | 57.56M | 17.8M | -147.85M | -32.95M | 309.09M | 69.88M | -414.15M | -249.75M | -210.27M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 0.44▲ 0% | 0.13▼ 70.5% | -1.04▼ 900.0% | -0.20▲ 80.8% | 1.80▲ 1000.0% | 0.41▼ 77.2% | -2.40▼ 685.4% | -0.92▲ 61.7% | -0.45▲ 51.1% |
| EPS Growth % | - | -70.45% | -900% | 80.77% | 1000% | -77.22% | -685.37% | 61.67% | 51.09% |
| EPS (Basic) | 0.44 | 0.14 | -1.04 | -0.20 | 1.80 | 0.41 | -2.40 | -0.92 | -0.45 |
| Diluted Shares Outstanding | 131.44M | 131.88M | 143.54M | 156.38M | 171.74M | 171.86M | 171.95M | 271.49M | 468.85M |
| Basic Shares Outstanding | 131.45M | 131.86M | 143.53M | 156.38M | 171.71M | 171.92M | 171.92M | 271.49M | 468.82M |
| Dividend Payout Ratio | - | 565.25% | - | - | - | - | - | - | - |
CAN Balance Sheet
Canaan Inc. (CAN) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 1.18B | 1.37B | 940.81M | 154.29M | 828.38M | 559.8M | 363.68M | 334.02M | 433.29M |
| Cash & Short-Term Investments | 266.5M | 258.94M | 527.61M | 69.5M | 421.67M | 105.65M | 96.15M | 96.49M | 80.78M |
| Cash Only | 176.5M | 258.94M | 516.61M | 59.94M | 421.67M | 102.3M | 96.15M | 96.49M | 80.78M |
| Short-Term Investments | 90M | 0 | 11.01M | 9.56M | 0 | 3.35M | 0 | 0 | 0 |
| Accounts Receivable | 1.31M | 23.69M | 2.87M | 15.39M | 57.77K | 72.4M | 58.4M | 114.66M | 19.29M |
| Days Sales Outstanding | 0.36 | 3.2 | 0.74 | 81.88 | 0.03 | 40.56 | 100.8 | 155.39 | 13.29 |
| Inventory | 259.85M | 585.67M | 196.07M | 34.55M | 127.61M | 213.2M | 142.29M | 94.62M | 180.82M |
| Days Inventory Outstanding | 134.78 | 97.29 | 36.91 | 200.81 | 141.01 | 183.38 | 114.83 | 97.66 | 135.08 |
| Other Current Assets | 651.91M | 500.13M | 1.02B | 503.03K | -766K | 168.55M | 16.82M | 7.26M | 52.7M |
| Total Non-Current Assets | 23.66M | 34.27M | 50.62M | 4.47M | 56.36M | 130.2M | 129.62M | 128.99M | 169.59M |
| Property, Plant & Equipment | 18.4M | 27.93M | 45.37M | 4.08M | 34.01M | 90.26M | 31.16M | 43.66M | 46.91M |
| Fixed Asset Turnover | 71.08x | 96.87x | 31.36x | 16.82x | 22.68x | 7.22x | 6.79x | 6.17x | 11.29x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 7.55M | 901K | 689K |
| Long-Term Investments | 0 | 0 | 0 | 3.83K | 3.14M | 2.89M | 2.82M | 2.78M | 121.32M |
| Other Non-Current Assets | 5.26M | 6.34M | 5.25M | 387.57K | 19.21M | 37.05M | 21.28M | 81.35M | 679.48K |
| Total Assets | 1.2B▲ 0% | 1.4B▲ 16.6% | 991.43M▼ 29.3% | 158.76M▼ 84.0% | 884.74M▲ 457.3% | 690M▼ 22.0% | 493.3M▼ 28.5% | 463.01M▼ 6.1% | 602.88M▲ 30.2% |
| Asset Turnover | 1.09x | 1.93x | 1.43x | 0.43x | 0.87x | 0.94x | 0.43x | 0.58x | 0.88x |
| Asset Growth % | - | 16.58% | -29.32% | -83.99% | 457.28% | -22.01% | -28.51% | -6.14% | 30.21% |
| Total Current Liabilities | 345.98M | 1.16B | 285.23M | 90.76M | 327.54M | 75.26M | 135.19M | 178.57M | 131.09M |
| Accounts Payable | 7.75M | 6.87M | 14.16M | 5.73M | 22.5M | 16.7M | 6.25M | 13.97M | 25.6M |
| Days Payables Outstanding | 4.02 | 1.14 | 2.67 | 33.28 | 24.87 | 14.37 | 5.04 | 14.42 | 19.12 |
| Short-Term Debt | 0 | 152.49M | 18.2M | 7.46M | 2.33M | 0 | 0 | 84.77M | 28.52M |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 662K | 19.61M | 37.11M | 0 |
| Other Current Liabilities | -10.29M | -3.77M | 246.19M | 63.38M | 172.64M | -1.25M | 84.96M | 6M | 9.32M |
| Current Ratio | 3.41x | 1.18x | 3.30x | 1.70x | 2.53x | 7.44x | 2.69x | 1.87x | 3.31x |
| Quick Ratio | 2.66x | 0.67x | 2.61x | 1.32x | 2.14x | 4.61x | 1.64x | 1.34x | 1.93x |
| Cash Conversion Cycle | 131.12 | 99.35 | 34.99 | 249.41 | 116.17 | 209.58 | 210.59 | 238.63 | 129.25 |
| Total Non-Current Liabilities | 0 | 0 | 13.4M | 1.74M | 13.9M | 2.04M | 9.92M | 18.19M | 34.43M |
| Long-Term Debt | 0 | 0 | 13.4B | 0 | 0 | 0 | 0 | 7.28M | 23.73M |
| Capital Lease Obligations | 0 | 0 | 1.92M | 508.9K | 2.56M | 1.44M | 210K | 1.7M | 948K |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 153K | 0 |
| Other Non-Current Liabilities | 0 | 0 | -13.39B | 1.23M | 11.37M | 598K | 516K | 0 | 9.75M |
| Total Liabilities | 345.98M | 1.16B | 298.63M | 92.5M | 341.44M | 77.86M | 145.11M | 196.76M | 165.52M |
| Total Debt | 0 | 1.05B | 13.42B | 9.9M | 4.88M | 3.75M | 1.43M | 94.99M | 54.9M |
| Net Debt | -176.5M | 790.07M | 12.9B | -54.11M | -419.11M | -100.85M | -94.73M | -1.5M | -25.88M |
| Debt / Equity | - | 4.35x | 19.37x | 0.15x | 0.01x | 0.01x | 0.00x | 0.36x | 0.13x |
| Debt / EBITDA | - | 4.09x | - | - | 0.02x | 0.05x | - | - | - |
| Net Debt / EBITDA | -0.43x | 3.08x | - | - | -1.47x | -1.31x | - | - | - |
| Interest Coverage | - | 31.53x | -367.78x | -74.84x | - | - | - | -435.95x | -56.93x |
| Total Equity | 857.24M▲ 0% | 240.98M▼ 71.9% | 692.79M▲ 187.5% | 66.26M▼ 90.4% | 543.31M▲ 719.9% | 612.13M▲ 12.7% | 348.19M▼ 43.1% | 266.25M▼ 23.5% | 437.37M▲ 64.3% |
| Equity Growth % | - | -71.89% | 187.49% | -90.44% | 719.92% | 12.67% | -43.12% | -23.53% | 64.27% |
| Book Value per Share | 6.52 | 1.83 | 4.83 | 0.42 | 3.16 | 3.56 | 2.02 | 0.98 | 0.93 |
| Total Shareholders' Equity | 857.24M | 240.98M | 692.79M | 66.26M | 543.31M | 607.67M | 348.19M | 266.25M | 437.37M |
| Common Stock | 1K | 1K | 1K | 153 | 157 | 144 | 0 | 0 | 1K |
| Retained Earnings | 433.6M | 151.24M | -883.27M | -182.83M | 126.03M | 194.52M | -219.63M | -450.49M | -645.87M |
| Treasury Stock | 0 | 0 | 0 | -3.66M | -36.41M | -57.05M | -57.05M | -57.05M | -37.17M |
| Accumulated OCI | -1K | -65.23M | -55.54M | 2.68M | -16.01M | -22.02M | -28.99M | -42.56M | -56.65M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
CAN Cash Flow Statement
Canaan Inc. (CAN) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 91.2M | -12.74M | -280.06M | 52.75M | 201.86M | -1.73B | -123.62M | -199.26M | 0 |
| Operating CF Margin % | 6.97% | -0.47% | -19.69% | 76.92% | 26.18% | -264.99% | -58.46% | -73.99% | - |
| Operating CF Growth % | - | -113.97% | -2097.74% | 118.84% | 282.67% | -955.3% | 92.84% | -61.19% | 100% |
| Net Income | 375.82M | 122.43M | -1.03B | -203.35M | 308.44M | 494.9M | -414.15M | -249.75M | -210.27M |
| Depreciation & Amortization | 9.08M | 13.14M | 45.09M | 23.9M | 4.94M | 246.37M | 59.64M | 28.42M | 0 |
| Stock-Based Compensation | 95.53M | 18.59M | 270.24M | 0 | 76.34M | 0 | 42.07M | 30.92M | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | -53.29M | -45.69M | 73.08M | 0 |
| Other Non-Cash Items | 249.79M | -249.07M | 595.17M | 11.12M | 104.26M | 888.08M | 218.39M | 21.94M | 210.27M |
| Working Capital Changes | -639.02M | 82.17M | -156.05M | 221.08M | -292.11M | -3.3B | 16.11M | -103.86M | 0 |
| Change in Receivables | 11.48M | -20.23M | 20.82M | -4.25M | 1.06M | 373.44K | -3.02M | 97K | 0 |
| Change in Inventory | -123.93M | -325.82M | -157.33M | -46.18M | -115.91M | -1.59B | -123.95M | -129.27M | 0 |
| Change in Payables | 0 | 0 | 0 | -58.28M | 0 | -96.85M | -10.24M | 7.22M | 0 |
| Cash from Investing | -86.78M | 83.98M | -16.33M | -46.87M | 846.22K | -30.86M | 39.63M | 60.97M | 0 |
| Capital Expenditures | -12.66M | -24.91M | -8.38M | -2.06M | -5.63M | -96.8M | -3.31M | -19.3M | 0 |
| CapEx % of Revenue | 0.97% | 0.92% | 0.59% | 3% | 0.73% | 14.86% | 1.57% | 7.17% | - |
| Acquisitions | 0 | 0 | 0 | 602.22K | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | -74.12M | 108.89M | -7.95M | 0 | 6.48M | 0 | 42.94M | 80.28M | 0 |
| Cash from Financing | 150M | 295.2M | 277.95M | -118.59M | 138.93M | -371.93M | 90M | 139.75M | 0 |
| Debt Issued (Net) | 0 | 143.52M | 0 | -74.21M | -5.49M | 0 | 0 | 9.94M | 0 |
| Equity Issued (Net) | 0 | 0 | 1000K | -1000K | -1000K | -1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 0 | 0 | -37.87M | -16.2M | -283.48M | 0 | 0 | 0 |
| Other Financing | 150M | 151.68M | 104.49M | 0 | 164.45M | -160.06M | -2.42M | -768K | 0 |
| Net Change in Cash | 176.5M▲ 0% | 368.71M▲ 108.9% | -20.36M▼ 105.5% | -102.22M▼ 402.0% | 365.4M▲ 457.5% | -2.24B▼ 712.9% | -5.4M▲ 99.8% | 334K▲ 106.2% | -96.49M▼ 28988.6% |
| Free Cash Flow | 78.54M▲ 0% | -37.65M▼ 147.9% | -288.44M▼ 666.0% | 50.69M▲ 117.6% | 196.23M▲ 287.1% | -1.82B▼ 1029.2% | -126.93M▲ 93.0% | -218.57M▼ 72.2% | 0▲ 100.0% |
| FCF Margin % | 6% | -1.39% | -20.28% | 73.92% | 25.45% | -279.85% | -60.02% | -81.15% | - |
| FCF Growth % | - | -147.94% | -666.04% | 117.58% | 287.09% | -1029.19% | 93.04% | -72.19% | 100% |
| FCF per Share | 0.60 | -0.29 | -2.01 | 0.32 | 1.14 | -10.61 | -0.74 | -0.81 | - |
| FCF Conversion (FCF/Net Income) | 0.24x | -0.10x | 0.27x | -1.60x | 0.65x | -24.71x | 0.30x | 0.80x | - |
| Interest Paid | 0 | 5.2M | 1.66M | 0 | 39K | 0 | 0 | 370K | 0 |
| Taxes Paid | 220.87K | 18.48M | 501.66K | 0 | 68K | 45.42M | 2.88M | 52K | 0 |
CAN Key Ratios
Canaan Inc. (CAN) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | 43.84% | 22.3% | -221.58% | -8.68% | 101.2% | 12.1% | -86.25% | -81.29% | -59.77% |
| Return on Invested Capital (ROIC) | 43.79% | 21.32% | -10.8% | -0.43% | 296.75% | 10.06% | -80.35% | -65.74% | -24.89% |
| Gross Margin | 46.2% | 18.78% | -36.27% | 8.44% | 57.17% | 35.35% | -113.86% | -31.31% | 7.77% |
| Net Margin | 28.73% | 4.53% | -72.72% | -48.05% | 40% | 10.73% | -195.84% | -92.73% | -39.69% |
| Debt / Equity | - | 4.35x | 19.37x | 0.15x | 0.01x | 0.01x | 0.00x | 0.36x | 0.13x |
| Interest Coverage | - | 31.53x | -367.78x | -74.84x | - | - | - | -435.95x | -56.93x |
| FCF Conversion | 0.24x | -0.10x | 0.27x | -1.60x | 0.65x | -24.71x | 0.30x | 0.80x | - |
| Revenue Growth | - | 106.81% | -47.41% | -95.18% | 1024.42% | -15.51% | -67.54% | 27.35% | 96.69% |
CAN Frequently Asked Questions
Canaan Inc. (CAN) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Canaan Inc. (CAN) reported $529.9M in revenue for fiscal year 2025. This represents a 59% decrease from $1.31B in 2017.
Canaan Inc. (CAN) grew revenue by 96.7% over the past year. This is strong growth.
Canaan Inc. (CAN) reported a net loss of $210.3M for fiscal year 2025.
Dividend & Returns
Canaan Inc. (CAN) has a return on equity (ROE) of -59.8%. Negative ROE indicates the company is unprofitable.
Explore More CAN
Canaan Inc. (CAN) financial analysis — history, returns, DCA and operating performance tools
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