NASDAQ · CAN
Canaan financials
$0.3725−0.32%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 |
|---|---|---|---|---|---|---|---|
| Revenue | $527.0M | $267.3M | $210.9M | $651.4M | $771.5M | $68.6M | $204.3M |
| Gross profit | $38.4M | -$86.4M | -$241.4M | $230.2M | $440.5M | $5.8M | -$74.1M |
| Gross margin | 7.3% | −32.3% | −114.5% | 35.3% | 57.1% | 8.4% | −36.3% |
| Operating income | -$116.5M | -$236.4M | -$406.8M | $42.8M | $281.7M | -$38.9M | -$151.5M |
| Net income | -$210.3M | -$249.8M | -$414.2M | $69.9M | $309.1M | -$33.0M | -$148.6M |
| Net margin | −39.9% | −93.5% | −196.4% | 10.7% | 40.1% | −48.0% | −72.7% |
| Diluted EPS | $-0.03 | $-0.06 | $-0.16 | $0.03 | $12.00 | $-0.01 | $-0.07 |
| EBITDA | -$58.8M | -$196.7M | -$326.0M | $84.4M | $283.4M | -$32.1M | -$146.6M |
| Operating cash flow | -$271.2M | -$199.3M | -$123.6M | -$182.6M | $204.4M | $6.5M | -$40.2M |
| Free cash flow | -$295.8M | -$218.6M | -$126.9M | -$200.3M | $198.8M | $6.1M | -$41.4M |
| Diluted shares | 7,042.8M | 4,072.4M | 2,579.2M | 2,577.9M | 25.8M | 2,345.7M | 2,153.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $80.8M | $96.5M | $96.2M | $101.6M | $421.2M | $60.0M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | $9.6M |
| Total debt | $52.2M | $23.9M | $0.00 | $0.00 | $210.4M | $7.5M |
| Total assets | $602.9M | $463.0M | $493.3M | $685.0M | $883.8M | $158.8M |
| Total liabilities | $165.5M | $196.8M | $145.1M | $77.3M | $341.1M | $92.5M |
| Shareholders' equity | $437.4M | $266.3M | $348.2M | $607.7M | $542.7M | $66.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology