Canaan annual operating expenses
2019
2020
2021
2022
2023
2024
2025
Canaan Operating Expenses Growth & History (CAN)
Canaan's operating expenses was $153.4M for fiscal 2025.
View full Canaan company overviewCanaan annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $153.4M | $10.6M | +7.41% |
| 2024 | 2024-12-31 | $142.8M | −$27.3M | −16.04% |
| 2023 | 2023-12-31 | $170.1M | −$17.2M | −9.21% |
| 2022 | 2022-12-31 | $187.3M | $28.6M | +17.99% |
| 2021 | 2021-12-31 | $158.8M | $114.1M | +255.25% |
| 2020 | 2020-12-31 | $44.7M | −$32.7M | −42.22% |
| 2019 | 2019-12-31 | $77.4M | — | — |
Canaan quarterly operating expenses
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $41.2M | $14.5M | +54.34% |
| Q1 2026 | 2026-03-31 | $31.6M | −$7.2M | −18.52% |
| Q4 2025 | 2025-12-31 | $29.4M | — | — |
| Q3 2025 | 2025-09-30 | $39.3M | — | — |
| Q2 2025 | 2025-06-30 | $26.7M | — | — |
| Q1 2025 | 2025-03-31 | $38.8M | — | — |
Canaan operating expenses trends
Over the last five fiscal years, Canaan's operating expenses increased from $44.7M to $153.4M, a change of $108.7M. The latest reported quarter, Q2 2026, shows $41.2M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Canaan source filings ↗Community posts
Canaan reports quarterly net loss of almost $98 million
Canaan ($CAN) generated $31.9 million in second-quarter 2026 revenue, including $17.7 million from mining. Its net loss widened to $97.6 million from $11.1 million a year earlier. Inventory write-downs, equipment impairments and a decline i ...