Canaan Inc. (CAN) — Financial statements
Income statement, balance sheet, and cash flow for Canaan Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 530↑96.7% | 269↑27.4% | 211↓67.5% | 652↓15.5% | 771 | |
| Cost of Revenue | 489↑38.2% | 354↓21.8% | 452↑6.6% | 424↑28.5% | 330 | |
| Gross Profit | 41↑148.8% | -84↑65.0% | -241↓204.6% | 230↓47.8% | 441 | |
| Operating Expenses | ||||||
| R&D Expenses | 63↑3.0% | 61↓5.4% | 65↓21.3% | 82↑58.2% | 52 | |
| General & Administrative Expenses | 68↓5.1% | 72↑0.6% | 71↓19.7% | 89↓2.3% | 91 | |
| Selling & Marketing Expenses | 14↑138.0% | 6↓30.2% | 8↓13.2% | 9↓39.4% | 16 | |
| SG&A Expenses | 82↑5.5% | 77↓2.5% | 79↓18.7% | 98↓8.2% | 106 | |
| Other Expenses | 9↑110.2% | 4↓84.2% | 26↑254.9% | 7↑2083.2% | 0.33 | |
| Operating Expenses | 153↑7.4% | 143↓16.0% | 170↓9.2% | 187↑18.0% | 159 | |
| Total Costs & Expenses | 642↑29.3% | 496↓20.2% | 622↑2.3% | 609↑24.3% | 490 | |
| Operating Results | ||||||
| Operating Income | -112↑50.6% | -227↑44.7% | -411↓1056.9% | 43↓84.8% | 282 | |
| Depreciation & Amortization | 28↑0.0% | 28↓52.4% | 60↑75.7% | 34↑1453.6% | 2 | |
| EBITDA | -75↑47.5% | -143↑56.6% | -330↓529.4% | 77↓73.0% | 285 | |
| EBIT | -104↑39.7% | -172↑55.9% | -390↓1007.7% | 43↓84.8% | 283 | |
| Interest & Other Income | ||||||
| Net Interest Income | -2↓11433.3% | 0.02↓98.4% | 0.96↓59.7% | 2↑109.4% | 1 | |
| Interest Income | 0.27↓50.2% | 0.54↓43.9% | 0.96↓59.7% | 2↑109.4% | 1 | |
| Interest Expense | 2↑278.3% | 0.52 | 0.00 | 0.00 | 0.00 | |
| Non-Operating Income | -9↑84.5% | -55↓162.2% | -21 | 0.00↑100.0% | -0.59 | |
| Other Income / Expenses | -95↓273.6% | 55↑200.5% | -55↓220.3% | 45↑31.8% | 34 | |
| Income Before Tax | -207↓20.4% | -172↑63.0% | -465↓627.0% | 88↓72.1% | 317 | |
| Income Tax Expense | 3↓96.4% | 77↑250.9% | -51↓378.3% | 18↑138.1% | 8 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | -210↑15.8% | -250↑39.7% | -414↓692.6% | 70↓77.4% | 309 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | -210↑15.8% | -250↑39.7% | -414↓692.6% | 70↓77.3% | 308 | |
| Bottom-Line Net Income | -210↑15.8% | -250↑39.7% | -414↓692.6% | 70↓77.5% | 310 | |
| EPS (Basic) | -0.45↑51.1% | -0.92↑61.7% | -2.40↓685.4% | 0.41↓77.2% | 1.80 | |
| EPS (Diluted) | -0.45↑51.1% | -0.92↑61.7% | -2.40↓685.4% | 0.41↓77.2% | 1.80 | |
| Weighted Average Shares | 469↑72.7% | 271↑57.9% | 172↑0.0% | 172↑0.1% | 172 | |
| Weighted Average Diluted Shares | 469↑72.7% | 271↑57.9% | 172↑0.1% | 172↑0.1% | 172 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.