Canaan Inc. (CAN) quarterly balance sheet — complete assets, liabilities & equity history
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 |
|---|
| Total Current Assets | 433.29M | 517.36M | 421M | 435.15M | 334.02M | 307.49M | 335.99M | 320.42M | 363.68M | 349M | 432.46M | 520.11M | 3.84B | 5.02B | 5.69B | 5.77B | 5.27B | 3.84B | 3.23B | 2.32B |
| Cash & Short-Term Investments | 80.78M | 119.21M | 65.9M | 96.77M | 96.49M | 71.78M | 66.79M | 54.65M | 96.15M | 40.55M | 66.24M | 71.88M | 723.92M | 2B | 2.64B | 2.64B | 2.68B | 1.7B | 1.22B | 1.35B |
| Cash Only | 80.78M | 119.21M | 65.9M | 96.77M | 96.49M | 71.78M | 66.79M | 54.65M | 96.15M | 40.55M | 66.24M | 71.88M | 700.94M | 2B | 2.64B | 2.64B | 2.68B | 1.7B | 1.22B | 1.34B |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 22.98M | 0 | 0 | 0 | 0 | 0 | 0 | 8.5M |
| Accounts Receivable | 19.29M | 120.15M | 127.92M | 62.61M | 114.66M | 67.72M | 8.16M | 1.64M | 58.4M | 9.78M | 10.1M | 0 | 496.1M | 5.53M | 0 | 1K | 367.62K | 823.55K | 372.02K | 7.02M |
| Days Sales Outstanding | 32.68 | 75.73 | 86.51 | 96.37 | 94.51 | 47.42 | 6.2 | 77.98 | 63.91 | 27.46 | 12.44 | - | 45.5 | 3.49 | - | 0.01 | 0.03 | 0.04 | 0.31 | 12 |
| Inventory | 180.82M | 201.74M | 107.95M | 113.86M | 94.62M | 87.8M | 131.3M | 98.98M | 142.29M | 216.99M | 272.54M | 310.07M | 1.46B | 1.33B | 1.63B | 1.19B | 812.04M | 833.01M | 586.96M | 376.01M |
| Days Inventory Outstanding | 96.86 | 106.29 | 111.03 | 114.23 | 88.22 | 105.96 | 115.16 | 151.85 | 160.23 | 220.03 | 643.26 | 776.32 | 142.89 | 179.14 | 177.47 | 181.77 | 108.52 | 113.59 | 66.95 | 129.81 |
| Other Current Assets | 52.7M | 76.26M | 119.22M | 161.91M | 7.26M | 9.55M | 129.75M | -282.96K | 16.82M | 81.68M | 83.59M | 138.33M | 1.15B | 1.69B | 1.42B | 1.94B | 10.68M | 1.31B | 1.42B | 589.1M |
| Total Non-Current Assets | 169.59M | 152.64M | 171.18M | 130.4M | 128.99M | 194.64M | 189.55M | 212.79M | 129.62M | 114.82M | 106.78M | 112.8M | 892.11M | 556.51M | 507.36M | 476.36M | 358.65M | 86.04M | 50.17M | 37.32M |
| Property, Plant & Equipment | 46.91M | 63.72M | 72.69M | 43.99M | 43.66M | 43.52M | 45.99M | 51.21M | 31.16M | 36.28M | 53.46M | 72.31M | 618.45M | 355.23M | 357.11M | 340.53M | 216.4M | 57.32M | 46.56M | 34.77M |
| Fixed Asset Turnover | 3.55x | 2.21x | 1.72x | 1.89x | 2.04x | 1.64x | 1.48x | 0.85x | 1.46x | 0.74x | 1.17x | 0.16x | 1.04x | 0.41x | 4.74x | 4.59x | 15.96x | 25.36x | 26.60x | 13.12x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 689K | 742K | 795K | 848K | 901K | 954K | 1.01M | 1.06M | 7.55M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 121.32M | 2.81M | 2.79M | 2.79M | 2.78M | 2.85M | 2.81M | 2.81M | 2.82M | 2.78M | 2.77M | 2.91M | 19.82M | 19.99M | 19.99M | 20M | 19.99M | 20M | 155 | 24.99K |
| Other Non-Current Assets | 679.48K | 85.07M | 94.61M | 82.48M | 81.35M | 71.23M | 70.33M | 157.71M | 21.28M | 75.76M | 50.55M | 37.59M | 253.83M | 181.29M | 130.25M | 115.83M | 122.26M | 8.73M | 3.62M | 2.53M |
| Total Assets | 602.88M | 670M | 592.17M | 565.55M | 463.01M | 502.14M | 525.54M | 533.21M | 493.3M | 463.82M | 539.24M | 632.92M | 4.73B | 5.58B | 6.19B | 6.25B | 5.63B | 3.93B | 3.28B | 2.36B |
| Asset Turnover | 0.31x | 0.24x | 0.17x | 0.16x | 0.18x | 0.14x | 0.14x | 0.07x | 0.10x | 0.07x | 0.13x | 0.02x | 0.10x | 0.02x | 0.27x | 0.22x | 0.46x | 0.37x | 0.38x | 0.24x |
| Asset Growth % | 30.21% | 33.43% | 12.68% | 6.07% | -6.14% | 8.26% | -2.54% | -15.75% | -89.57% | -91.69% | -91.29% | -89.87% | -16.02% | 42.05% | 89% | 164.71% | 443.44% | 441.99% | 260.7% | 142.43% |
| Total Current Liabilities | 131.09M | 278.96M | 236.95M | 289.87M | 178.57M | 151.2M | 116.83M | 110.33M | 135.19M | 90.83M | 110.26M | 82.88M | 515.65M | 691.01M | 1.48B | 2.19B | 2.08B | 1.45B | 1.35B | 1.77B |
| Accounts Payable | 25.6M | 33.67M | 29.96M | 15.72M | 13.97M | 16.73M | 29.94M | 16.7M | 6.25M | 19.22M | 27.34M | 26.95M | 114.45M | 32.73M | 96.99M | 101.16M | 143.26M | 120.09M | 107.8M | 45.08M |
| Days Payables Outstanding | 15.01 | 21.84 | 22.87 | 16.27 | 14.85 | 22.57 | 23.32 | 14.44 | 11.36 | 20.93 | 59.93 | 61.98 | 7.54 | 7.87 | 12.47 | 22.16 | 17.37 | 18.23 | 10.63 | 17.79 |
| Short-Term Debt | 28.52M | 90.05M | 23.96M | 207.76M | 84.77M | 1.41M | 1.51M | 7.12M | 1.22M | 1.55M | 1.9M | 0 | 15.89M | 2.63M | 15.25M | 2.32M | 2.33M | 2.09M | 2.8M | 25.03M |
| Deferred Revenue (Current) | 0 | 86.91M | 5.97M | 17.52M | 37.11M | 16.24M | 50.59M | 38.86M | 19.61M | 5.63M | 8.32M | 0 | 0 | 0 | 1.02B | 0 | 0 | 0 | 0 | 1.21B |
| Other Current Liabilities | 20.72M | 100.84M | 116.65M | 220.51M | 6M | 79.23M | 20.44M | -187.18K | 84.96M | -1.61M | -1.74M | 15.57M | -6.4M | 534.86M | 181.04M | 1.92B | 1.11B | 1.02B | 1.04B | -867.95K |
| Current Ratio | 3.31x | 1.85x | 1.78x | 1.50x | 1.87x | 2.03x | 2.88x | 2.90x | 2.69x | 3.84x | 3.92x | 6.28x | 7.44x | 7.27x | 3.85x | 2.63x | 2.53x | 2.66x | 2.40x | 1.31x |
| Quick Ratio | 1.93x | 1.13x | 1.32x | 1.11x | 1.34x | 1.45x | 1.75x | 2.01x | 1.64x | 1.45x | 1.45x | 2.53x | 4.61x | 5.35x | 2.75x | 2.09x | 2.14x | 2.08x | 1.96x | 1.10x |
| Cash Conversion Cycle | 114.53 | 160.19 | 174.67 | 194.33 | 167.88 | 130.81 | 98.04 | 215.38 | 212.78 | 226.56 | 595.77 | - | 180.85 | 174.77 | - | 159.63 | 91.17 | 95.4 | 56.63 | 124.02 |
| Total Non-Current Liabilities | 34.43M | 11.14M | 31.63M | 31.05M | 18.19M | 35.13M | 30.52M | 11.84M | 9.92M | 9.78M | 2.22M | 2.59M | 13.97M | 18.73M | 16.89M | 85.12M | 88.43M | 18.72M | 74.01M | 8.26M |
| Long-Term Debt | 23.73M | 0 | 20.75M | 20.74M | 7.28M | 23.96M | 19.17M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 948K | 1.28M | 1.65M | 1.1M | 1.7M | 1.64M | 1.81M | 2.14M | 210K | 362K | 514K | 695K | 9.87M | 13.96M | 11.81M | 13.31M | 16.27M | 12.29M | 12.36M | 695.07K |
| Deferred Tax Liabilities | 0 | 126K | 135K | 144K | 153K | 162K | 171K | 180K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.75M | 9.73M | 9.09M | 9.07M | 0 | 83K | 9.36M | 9.55M | 516K | 9.43M | 1.7M | 1.9M | 4.1M | 4.82M | 5.08M | 71.81M | 72.34M | 6.38M | 61.65M | 7.55M |
| Total Liabilities | 165.52M | 290.1M | 268.57M | 320.92M | 196.76M | 186.33M | 147.34M | 122.17M | 145.11M | 100.62M | 112.47M | 85.47M | 533.52M | 709.74M | 1.49B | 2.28B | 2.17B | 1.47B | 1.42B | 1.78B |
| Total Debt | 54.9M | 93.01M | 48.19M | 231.02M | 94.99M | 27.01M | 24.03M | 3.75M | 1.43M | 1.92M | 2.42M | 3.05M | 25.73M | 32.66M | 27.05M | 28.01M | 31.07M | 25.82M | 30.48M | 36.34M |
| Net Debt | -25.88M | -26.2M | -17.71M | 134.25M | -1.5M | -44.78M | -42.76M | -50.99M | -94.73M | -40.19M | -65.72M | -68.83M | -691M | -1.97B | -2.63B | -2.61B | -2.65B | -1.67B | -1.19B | -1.3B |
| Debt / Equity | 0.13x | 0.24x | 0.15x | 0.94x | 0.36x | 0.09x | 0.06x | 0.01x | 0.00x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.01x | 0.02x | 0.06x |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | 5.68x | 0.04x | 0.31x | 0.03x | 0.06x | 0.18x | - |
| Net Debt / EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | -342.65x | -3.91x | -29.38x | -2.17x | -3.59x | -6.87x | - |
| Interest Coverage | -100.85x | -66.61x | -25.71x | -243.23x | -28.23x | -207.28x | -3126.86x | - | - | - | - | - | - | - | - | - | 5864.60x | - | 11047.66x | 6.25x |
| Total Equity | 437.37M | 379.9M | 323.6M | 244.64M | 266.25M | 315.81M | 378.2M | 411.04M | 348.19M | 363.2M | 426.76M | 547.45M | 4.19B | 4.87B | 4.7B | 3.97B | 3.46B | 2.46B | 1.86B | 577.95M |
| Equity Growth % | 64.27% | 20.3% | -14.44% | -40.48% | -23.53% | -13.05% | -11.38% | -24.92% | -91.7% | -92.54% | -90.92% | -86.21% | 21.32% | 97.76% | 153.2% | 586.93% | 699.57% | 353.18% | 187.98% | -12.55% |
| Book Value per Share | 0.69 | 0.73 | 0.81 | 0.76 | 0.93 | 1.14 | 1.38 | 1.66 | 1.93 | 2.13 | 2.52 | 3.28 | 25.02 | 28.30 | 27.27 | 23.06 | 19.68 | 14.14 | 10.62 | 3.58 |
| Total Shareholders' Equity | 437.37M | 379.9M | 323.6M | 244.64M | 266.25M | 315.81M | 378.2M | 411.04M | 348.19M | 363.2M | 426.76M | 547.45M | 4.16B | 4.87B | 4.7B | 3.97B | 3.46B | 2.46B | 1.86B | 577.95M |
| Common Stock | 1K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 986 | 1K | 1K | 1K | 1K | 1K | 1K | 1K |
| Retained Earnings | -645.87M | -575.72M | -547.98M | -536.92M | -450.49M | -357.59M | -282.01M | -224.86M | -219.63M | -65.68M | 14.4M | 124.9M | 1.33B | 1.84B | 1.79B | 1.18B | 802.3M | -558.29M | -950.1M | -1.19B |
| Treasury Stock | -37.17M | -38.85M | -42.65M | -57.05M | -57.05M | -57.05M | -57.05M | -57.05M | -57.05M | -57.05M | -57.05M | -57.05M | -390.94M | -307.92M | -230.29M | -193.41M | -231.68M | -65.51M | -23.95M | -23.96M |
| Accumulated OCI | -56.65M | -42.89M | -42.24M | -43.62M | -42.56M | -32.84M | -37.97M | -48.78M | -28.99M | -43.58M | -51.35M | -27.72M | -150.89M | 140.1M | 45.78M | -106.7M | -101.89M | 14.72M | 9.64M | 19.83M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |