Revenue
2019
2020
2021
2022
2023
2024
2025
Canaan Inc. (CAN)
Price$0.3366Cached quote
Net income
2019
2020
2021
2022
2023
2024
2025
Free cash flow
2019
2020
2021
2022
2023
2024
2025
Total cash / debt
CashTotal debt
2018
2019
2020
2021
2022
2023
2024
2025
Financial statements
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $529.7M | $269.3M | $211.5M | $651.5M | $772.8M | $68.6M | $204.3M | — | — |
| Gross profit | $41.2M | −$84.3M | −$240.8M | $230.3M | $441.8M | $5.8M | −$74.1M | — | — |
| Gross margin | 7.77% | −31.31% | −113.86% | 35.35% | 57.17% | 8.44% | −36.27% | — | — |
| Research & development | $63.1M | $61.3M | $64.8M | $81.8M | $52.2M | $21.5M | $24.3M | — | — |
| Operating expenses | $153.4M | $142.8M | $170.1M | $187.3M | $158.8M | $44.7M | $77.4M | — | — |
| Operating income | −$112.2M | −$227.1M | −$410.9M | $42.9M | $283.0M | −$38.9M | — | — | — |
| Operating margin | −21.19% | −84.33% | −194.29% | 6.59% | 36.62% | −56.71% | — | — | — |
| EBITDA | −$158.0M | −$143.3M | −$405.9M | $122.0M | — | — | — | — | — |
| EBITDA margin | −29.82% | −53.22% | −191.91% | 18.73% | — | — | — | — | — |
| Net income | −$210.3M | −$249.8M | −$414.2M | $69.9M | $309.1M | −$33.0M | −$148.6M | — | — |
| Net profit margin | −39.69% | −92.73% | −195.84% | 10.73% | 40.00% | −48.04% | −72.72% | — | — |
| Basic EPSper basic share | -$0.03 | -$0.06 | -$0.16 | $0.03 | $0.12 | -$0.01 | -$0.07 | — | — |
| Diluted EPSper diluted share | -$0.03 | -$0.06 | -$0.16 | $0.03 | $0.12 | -$0.01 | -$0.07 | — | — |
Insider buys & sells
| Transaction | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| Jun 18, 2026Form 4 | Zhang NangengChief Executive Officer | BuyAmerican Depositary Shares · derivative | 250.0K | $0.33 | $82.5K | 3.30M |
| Jun 17, 2026Form 4 | Zhang NangengChief Executive Officer | BuyAmerican Depositary Shares · derivative | 250.0K | $0.34 | $85.0K | 3.05M |
| Jun 16, 2026Form 4 | Zhang NangengChief Executive Officer | BuyAmerican Depositary Shares · derivative | 250.0K | $0.35 | $87.5K | 2.80M |
| Jun 15, 2026Form 4 | Cheng JinChief Financial Officer | BuyAmerican Depositary Shares · derivative | 65.0K | $0.35 | $22.8K | 1.08M |
| Jun 15, 2026Form 4 | Zhang NangengChief Executive Officer | BuyAmerican Depositary Shares · derivative | 250.0K | $0.35 | $87.5K | 2.55M |
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 ...