CAN
Canaan Inc
NASDAQ: CAN · TECHNOLOGY · COMPUTER HARDWARE
$0.53
+11.08% today
Updated 2026-04-30
Market cap
$410.03M
P/E ratio
—
P/S ratio
0.77x
EPS (TTM)
$-0.45
Dividend yield
—
52W range
$0 – $2
Volume
10.4M
Canaan Inc (CAN) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.31B | $2.71B | $1.42B | $68.58M | $771.14M | $651.53M | $211.48M | $269.32M | $529.74M |
| Revenue growth (YoY) | — | +106.8% | -47.4% | -95.2% | +1024.4% | -15.5% | -67.5% | +27.4% | +96.7% |
| Cost of revenue | $703.70M | $2.20B | $1.94B | $62.80M | $330.31M | $424.34M | $452.26M | $353.64M | $488.58M |
| Gross profit | $604.38M | $508.12M | $-516.00M | $5.79M | $440.83M | $230.29M | $-240.78M | $-84.32M | $41.16M |
| Gross margin | 46.2% | 18.8% | -36.3% | 8.4% | 57.2% | 35.3% | -113.9% | -31.3% | 7.8% |
| R&D | $99.77M | $189.68M | $168.98M | $21.45M | $52.06M | $82.36M | $64.84M | $61.32M | $63.15M |
| SG&A | $125.26M | $146.68M | $347.03M | $20.09M | $90.87M | $88.73M | $71.25M | $71.69M | $68.07M |
| Operating income | $397.44M | $243.25M | $-1.05B | $-38.89M | $282.38M | $42.94M | $-410.88M | $-227.13M | $-112.23M |
| Operating margin | 30.4% | 9.0% | -74.0% | -56.7% | 36.6% | 6.6% | -194.3% | -84.3% | -21.2% |
| EBITDA | $62.81M | $38.73M | $-110.83M | $-34.11M | $285.16M | $76.87M | $-330.11M | $-143.33M | $-75.22M |
| EBITDA margin | 4.8% | 1.4% | -7.8% | -49.7% | 37.0% | 11.8% | -156.1% | -53.2% | -14.2% |
| EBIT | $53.72M | $25.59M | $-144.99M | $-38.89M | $282.98M | $42.94M | $-389.75M | $-171.75M | $-103.64M |
| Interest expense | $0.00 | $7.71M | $2.86M | $519686.00 | $46.81M | $15.94M | $0.00 | $521000.00 | $1.97M |
| Income tax | — | — | — | — | — | — | — | — | — |
| Effective tax rate | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Net income | $375.82M | $122.43M | $-1.03B | $-32.95M | $308.44M | $69.88M | $-414.15M | $-249.75M | $-210.27M |
| Net income growth (YoY) | — | -67.4% | -945.0% | +96.8% | +1036.1% | -77.3% | -692.6% | +39.7% | +15.8% |
| Profit margin | 28.7% | 4.5% | -72.7% | -48.0% | 40.0% | 10.7% | -195.8% | -92.7% | -39.7% |