Canaan Inc. (CAN) Revenue History
Annual and quarterly revenue from 2017 to 2025
Compound Annual Growth Rate (CAGR)
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CAN Revenue Growth
Revenue Breakdown (FY 2024)
CAN's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
By Geography
CAN Revenue Analysis (2017–2025)
As of May 7, 2026, Canaan Inc. (CAN) generated trailing twelve-month (TTM) revenue of $529.9 million, reflecting explosive growth of +121.1% year-over-year. The most recent quarter (Q4 2025) recorded $196.3 million in revenue, up 30.3% sequentially.
Looking at the longer-term picture, CAN's 5-year compound annual growth rate (CAGR) stands at +50.5%, indicating outstanding long-term growth trajectory. The company achieved its highest annual revenue of $2.71 billion in 2018.
Revenue diversification analysis shows CAN's business is primarily driven by Product (84%), and Mining (16%). With over half of revenue concentrated in Product, the company maintains significant focus in this area while developing other growth vectors.
When compared to Technology sector peers including MARA, RIOT, and CLSK (+68.0% YoY), CAN has outperformed the peer group in terms of revenue growth. Compare CAN vs MARA →
CAN Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| CANCurrent | $530M | +121.1% | +50.5% | -21.2% | |
 MARA | $907M | - | - | -90.6% | |
 RIOT | $647M | - | - | -61.8% | |
 CLSK | $766M | +68.0% | +138.0% | 41.6% | |
 CIFR | $224M | - | - | -150.7% | |
 BTBT | $164M | - | - | 16.8% |
CAN Historical Revenue Data (2017–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $529.7M | +96.7% | $41.2M | 7.8% | $-112,229,000 | -21.2% |
| 2024 | $269.3M | +27.4% | $-84,320,000 | -31.3% | $-227,130,000 | -84.3% |
| 2023 | $211.5M | -67.5% | $-240,780,000 | -113.9% | $-410,881,000 | -194.3% |
| 2022 | $651.5M | -15.5% | $230.3M | 35.3% | $42.9M | 6.6% |
| 2021 | $771.1M | +1024.4% | $440.8M | 57.2% | $282.4M | 36.6% |
| 2020 | $68.6M | -95.2% | $5.8M | 8.4% | $-38,892,030 | -56.7% |
| 2019 | $1.42B | -47.4% | $-516,003,000 | -36.3% | $-1,053,282,000 | -74.0% |
| 2018 | $2.71B | +106.8% | $508.1M | 18.8% | $243.3M | 9.0% |
| 2017 | $1.31B | - | $604.4M | 46.2% | $397.4M | 30.4% |
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Start ComparisonCAN — Frequently Asked Questions
Quick answers to the most common questions about buying CAN stock.
Is CAN's revenue growth accelerating or slowing?
CAN revenue is accelerating at +121.1% year-over-year, exceeding the 5-year CAGR of +50.5%. TTM revenue reached $530M. Growth momentum has increased versus prior periods.
What is CAN's long-term revenue growth rate?
Canaan Inc.'s 5-year revenue CAGR of +50.5% reflects the sustained expansion pattern. Current YoY growth of +121.1% is above this long-term average.
How is CAN's revenue distributed by segment?
CAN reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2017-2025 are available for download. Segment mix reveals concentration and diversification trends.