Canaan Inc. (CAN) quarterly income statement — complete revenue, gross profit & net income history
Canaan Inc. (CAN) annual income statement — 9-year revenue, gross profit & net income history
| Metric | Q2'26 | Q1'26 | 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 |
|---|
| Sales/Revenue | 31.91M | 62.69M | 196.27M | 150.67M | 100.21M | 82.78M | 88.77M | 73.61M | 71.86M | 35.03M | 49.07M | 33.3M | 73.85M | 55.16M | 507.11M | 145.54M | 1.65B | 1.28B | 2.18B | 1.32B |
| Revenue Growth % | -68.15% | -24.26% | 121.11% | 104.7% | 39.45% | 136.29% | 80.89% | 121.06% | -2.7% | -36.5% | -90.32% | -77.12% | -95.53% | -95.69% | -76.78% | -88.95% | 52.77% | 217.64% | 5611.69% | 708.14% |
| Cost of Goods Sold | 61.3M | 85.6M | 181.69M | 134.03M | 90.9M | 82.13M | 95.12M | 95.12M | 90.99M | 72.3M | 103.14M | 102.34M | 41.21M | 102.65M | 897.92M | 758.56M | 722.75M | 496.42M | 697.33M | 575.03M |
| COGS % of Revenue | 192.06% | 136.54% | 92.57% | 88.95% | 90.71% | 99.22% | 107.15% | 129.22% | 126.62% | 206.37% | 210.18% | 307.36% | 55.8% | 186.08% | 177.06% | 521.18% | 43.74% | 38.81% | 31.93% | 43.65% |
| Gross Profit | -29.38M | -22.91M | 14.58M | 16.64M | 9.31M | 646K | -6.35M | -21.51M | -19.13M | -37.26M | -54.07M | -69.05M | -70.08M | -47.49M | -390.8M | 219.24M | 929.48M | 782.64M | 1.49B | 742.27M |
| Gross Margin % | -92.06% | -36.54% | 7.43% | 11.05% | 9.29% | 0.78% | -7.15% | -29.22% | -26.62% | -106.37% | -110.18% | -207.36% | -94.88% | -86.08% | -77.06% | 150.64% | 56.26% | 61.19% | 68.07% | 56.35% |
| Gross Profit Growth % | -415.73% | -3645.82% | 329.62% | 177.38% | 148.65% | 101.73% | 88.25% | 68.85% | 72.7% | 21.53% | 86.16% | -131.49% | -107.54% | -106.07% | -126.29% | -70.46% | 117.67% | 303.07% | 16255.82% | 4469.37% |
| Operating Expenses | 31.91M | 31.61M | 29.43M | 39.39M | 36.38M | 38.27M | 49.29M | 35.33M | 27.47M | 30.72M | 39.2M | 43.76M | 49.03M | 38.12M | -826.1M | 183.32M | 155.17M | 240.26M | 242.83M | 43.02M |
| OpEx % of Revenue | 99.97% | 50.41% | 14.99% | 26.14% | 36.3% | 46.24% | 55.53% | 48% | 38.23% | 87.69% | 79.88% | 131.41% | 66.38% | 69.1% | -162.9% | 125.95% | 9.39% | 18.78% | 11.12% | 3.27% |
| Selling, General & Admin | 17.02M | 16.21M | 17.97M | 23.03M | 20.83M | 19.84M | 29.12M | 14.11M | 12.02M | 15.35M | 21.87M | 18.71M | 19.7M | 19.04M | 43.7M | 156.51M | 166.5M | 144.58M | 161.64M | 28.69M |
| SG&A % of Revenue | 53.32% | 25.86% | 9.16% | 15.29% | 20.79% | 23.97% | 32.81% | 19.17% | 16.73% | 43.82% | 44.56% | 56.2% | 26.67% | 34.51% | 8.62% | 107.53% | 10.08% | 11.3% | 7.4% | 2.18% |
| Research & Development | 14.89M | 15.39M | 11.46M | 16.36M | 16.41M | 18.95M | 16.57M | 14.76M | 14.65M | 15.32M | 10.78M | 17.14M | 1.2M | 19.03M | -869.8M | 118.04M | 103.9M | 96.18M | 111.97M | 14.33M |
| R&D % of Revenue | 46.65% | 24.55% | 5.84% | 10.86% | 16.37% | 22.89% | 18.67% | 20.05% | 20.38% | 43.72% | 21.96% | 51.48% | 1.63% | 34.51% | -171.52% | 81.1% | 6.29% | 7.52% | 5.13% | 1.09% |
| Other Operating Expenses | 0 | 0 | 0 | 0 | -863K | -516K | 1000K | 1000K | 798K | 52.03K | 1000K | 1000K | 1000K | 47.02K | 1000K | -1000K | -1000K | -488.1K | -1000K | 0 |
| Operating Income | -61.29M | -54.51M | -14.84M | -22.75M | -27.07M | -37.63M | -55.64M | -56.84M | -46.6M | -67.93M | -93.27M | -112.77M | -119.1M | -85.56M | -891.97M | -42.58M | 668.8M | 85.48M | 1.21B | 463.17M |
| Operating Margin % | -192.04% | -86.95% | -7.56% | -15.1% | -27.01% | -45.46% | -62.68% | -77.23% | -64.85% | -193.91% | -190.06% | -338.68% | -161.27% | -155.1% | -175.89% | -29.25% | 40.48% | 6.68% | 55.54% | 35.16% |
| Operating Income Growth % | -126.41% | -44.86% | 73.32% | 59.99% | 41.91% | 44.61% | 40.34% | 49.59% | 60.87% | 20.6% | 89.54% | -164.88% | -117.81% | -200.09% | -173.55% | -109.19% | 304.23% | 725.63% | 953.59% | 598.94% |
| EBITDA | -54.08M | -87.85M | -357.05K | -8.76M | -15.48M | -30.11M | -47.63M | -49.33M | -40.96M | -61.07M | -78.33M | -104.35M | -111.28M | -77.33M | -667.29M | 5.75M | 672.33M | 89.01M | 1.22B | 465.39M |
| EBITDA Margin % | -169.46% | -140.13% | -0.18% | -5.82% | -15.45% | -36.37% | -53.66% | -67.02% | -57% | -174.33% | -159.61% | -313.39% | -150.68% | -140.18% | -131.59% | 3.95% | 40.69% | 6.96% | 55.88% | 35.33% |
| EBITDA Growth % | -249.42% | -191.81% | 99.25% | 82.24% | 62.21% | 50.7% | 39.19% | 52.73% | 63.2% | 21.03% | 88.26% | -1915.82% | -116.55% | -186.87% | -154.69% | -98.77% | 288.05% | 1620.25% | 1008.77% | 652.12% |
| D&A (Non-Cash Add-back) | 7.2M | 0 | 14.49M | 13.98M | 11.59M | 7.52M | 8.01M | 7.51M | 5.64M | 6.86M | 14.94M | 8.42M | 7.82M | 8.23M | 224.68M | 48.32M | 3.53M | 3.53M | 7.45M | 2.22M |
| EBIT | -61.29M | -87.85M | -14.91M | -26.88M | -9.9M | -85.38M | -7.34M | -57.62M | -43.78M | -68.05M | -86.94M | -107.16M | -116.13M | -85.67M | -601.23M | -42.58M | 652.93M | 543.01M | 1.44B | 461.91M |
| Net Interest Income | -492.81K | -779K | -788K | -309.41K | -309K | -294K | -153K | -89K | 52K | 205K | 229K | 61K | 226K | 440K | 7.88M | 3.14M | 2.07M | 3.07M | 2.06M | 2.91M |
| Interest Income | 0 | 150K | 39K | 94.12K | 76K | 57K | 107K | 158K | 66K | 204.65K | 229K | 60.96K | 226K | 439.46K | 7.88M | 3.14M | 2.08M | 3.06M | 2.06M | 2.91M |
| Interest Expense | 492.81K | 929K | 827K | 403.53K | 385K | 351K | 260K | 247K | 14K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -246K | 0 |
| Other Income/Expense | -35.22M | -34.05M | -69.39M | -4.54M | 16.79M | -48.1M | 48.04M | -25.44M | 2.81M | 29.34M | -69.96M | 12.3M | 2.98M | -1.04M | 85.31M | 103.07M | 119.03M | 560K | 33.12M | 94.37M |
| Pretax Income | -96.5M | -88.56M | -84.23M | -27.28M | -10.29M | -85.73M | -7.6M | -82.29M | -43.79M | -38.59M | -163.23M | -100.48M | -116.13M | -86.6M | -806.66M | 60.49M | 787.83M | 86.04M | 1.25B | 557.46M |
| Pretax Margin % | -302.38% | -141.26% | -42.91% | -18.11% | -10.26% | -103.56% | -8.56% | -111.79% | -60.94% | -110.16% | -332.63% | -301.77% | -157.24% | -156.99% | -159.07% | 41.56% | 47.68% | 6.73% | 57.05% | 42.32% |
| Income Tax | 1.27M | 190K | 805K | 495.65K | 773K | 705K | 85.3M | -6.71M | -1.91M | 800.64K | -23.26M | -20.43M | -5.46M | -2.34M | -24.31M | -1.07M | 170.1M | 140.88M | 49.74M | 618 |
| Effective Tax Rate % | -1.31% | -0.21% | -0.96% | -1.82% | -7.52% | -0.82% | -1122.23% | 8.15% | 4.36% | -2.07% | 14.25% | 20.33% | 4.7% | 2.7% | 3.01% | -1.76% | 21.59% | 163.73% | 3.99% | 0% |
| Net Income | -97.77M | -88.75M | -85.03M | -27.78M | -11.06M | -86.43M | -92.9M | -75.58M | -41.88M | -39.33M | -139.01M | -80.05M | -110.67M | -84.26M | -610.54M | 63.67M | 608.76M | 412.64M | 1.2B | 557.46M |
| Net Margin % | -306.34% | -141.56% | -43.32% | -18.44% | -11.03% | -104.42% | -104.66% | -102.68% | -58.28% | -112.26% | -283.28% | -240.41% | -149.85% | -152.75% | -120.39% | 43.74% | 36.84% | 32.26% | 54.77% | 42.32% |
| Net Income Growth % | -784.14% | -2.68% | 8.47% | 63.24% | 73.6% | -119.78% | 33.17% | 5.59% | 62.16% | 53.33% | 77.23% | -225.73% | -118.18% | -120.42% | -151.05% | -88.58% | 148.57% | 34181.19% | 1762.84% | 745.31% |
| Net Income (Continuing) | -97.77M | -88.75M | -85.03M | -27.78M | -11.06M | -86.43M | -92.9M | -75.58M | -41.88M | -39.39M | -139.01M | -80.1M | -110.67M | -84.37M | -610.54M | 63.67M | 617.72M | 441.85M | 1.2B | 79.19M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.14 | -0.13 | -0.13 | -0.05 | -0.03 | -0.27 | -0.32 | -0.27 | -0.15 | -0.16 | -0.77 | -0.47 | -0.65 | -0.51 | -3.60 | 0.37 | 3.60 | 2.55 | 6.75 | 3.30 |
| EPS Growth % | -418.52% | 51.85% | 59.38% | 80% | 82% | -68.75% | 58.44% | 42.55% | 76.92% | 68.63% | 78.61% | -227.03% | -118.06% | -120% | -153.33% | -88.79% | 153.52% | - | 1567.39% | 711.11% |
| EPS (Basic) | -0.14 | -0.13 | -0.13 | -0.05 | -0.03 | -0.27 | -0.32 | -0.27 | -0.15 | -0.16 | -0.77 | -0.47 | -0.65 | -0.51 | -3.60 | 0.27 | 3.60 | 2.55 | 6.90 | 3.30 |
| Diluted Shares Outstanding | 723.15M | 691.42M | 634.5M | 519.18M | 399.66M | 321.19M | 285.72M | 277.54M | 274.52M | 247.98M | 180.4M | 170.84M | 169.59M | 166.84M | 167.65M | 172.04M | 172.38M | 172.18M | 175.67M | 174.08M |
| Basic Shares Outstanding | 723.15M | 691.42M | 634.5M | 519.18M | 399.66M | 321.19M | 285.72M | 277.54M | 274.52M | 247.75M | 180.36M | 170.61M | 169.53M | 166.84M | 167.65M | 172.1M | 172.37M | 172.21M | 175.66M | 174.08M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |