Canaan annual r&d spending
2019
2020
2021
2022
2023
2024
2025
Canaan R&D Spending Growth & History (CAN)
Canaan's r&d spending was $63.1M for fiscal 2025.
View full Canaan company overviewCanaan annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $63.1M | $1.8M | +2.97% |
| 2024 | 2024-12-31 | $61.3M | −$3.5M | −5.43% |
| 2023 | 2023-12-31 | $64.8M | −$16.9M | −20.68% |
| 2022 | 2022-12-31 | $81.8M | $29.6M | +56.70% |
| 2021 | 2021-12-31 | $52.2M | $30.7M | +143.09% |
| 2020 | 2020-12-31 | $21.5M | −$2.8M | −11.58% |
| 2019 | 2019-12-31 | $24.3M | — | — |
Canaan quarterly r&d spending
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $14.9M | −$1.5M | −9.39% |
| Q1 2026 | 2026-03-31 | $15.4M | −$3.6M | −18.77% |
| Q4 2025 | 2025-12-31 | $11.5M | — | — |
| Q3 2025 | 2025-09-30 | $16.3M | — | — |
| Q2 2025 | 2025-06-30 | $16.4M | — | — |
| Q1 2025 | 2025-03-31 | $18.9M | — | — |
Canaan r&d spending trends
Over the last five fiscal years, Canaan's r&d spending increased from $21.5M to $63.1M, a change of $41.7M. The latest reported quarter, Q2 2026, shows $14.9M.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. 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 ...