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Canaan Inc. logo

Canaan Inc.

CAN

NASDAQTechnologyComputer Hardware

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$0.355

+$0.0761 · +27.29%

Aug 21, 4:00 PM ET

CAN company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Sell

Trim exposure — unfavorable risk-reward

Valuation

47

Fair Value

Momentum

16

Strong Down

Sentiment

58

Mixed

Risk resilience

17

Extreme Risk

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Company profile

Company website

Canaan Inc. operates as a holding company, primarily engaged in the design, production, and sale of Bitcoin mining hardware, in addition to supplying various associated services. A key focus for the company is the advancement and implementation of environmentally conscious mining practices. This firm was co-founded by Jia Xuan Li, Xiang Fu Liu, and Nan Geng Zhang on January 19, 2013, and its corporate headquarters are situated in Singapore.

Industry
Computer Hardware
Sector
Technology
Headquarters
SG
CEO
Nangeng Zhang
Listed since
Nov 20, 2019
Employees
399

Market position

Day range

Current $0.355

52-week range

Current $0.355

Open
$0.2952
Previous close
$0.2789
Volume
96.52M
8.08× average
Average volume
11.95M
Average daily volume
Market cap
166.72M USD
Beta
2.58
Market reference 1
50-day average
$0.2703
+31.34% above average
200-day average
$0.5448
-34.84% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
297.61M USD
P/E (TTM)
-1.02×
P/B (TTM)
0.64×
P/S (TTM)
0.33×
EV / EBITDA
-3.96×
Earnings yield
-65.00%
Free cash flow yield
0.00%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
3.46%
Operating margin
-23.37%
Net margin
-41.70%
Return on equity
-48.08%
Return on assets
-34.88%
Return on invested capital
-22.36%

Financial health

Debt / equity
0.15×
Current ratio
3.31×
Altman Z-score
3.16
Piotroski F-score
3 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends82%-19%-120%-221%Gross margin, FY2021: 57.17%Gross margin, FY2022: 35.35%Gross margin, FY2023: -113.86%Gross margin, FY2024: -31.31%Gross margin, FY2025: 7.77%Operating margin, FY2021: 36.62%Operating margin, FY2022: 7.80%Operating margin, FY2023: -194.29%Operating margin, FY2024: -84.33%Operating margin, FY2025: -21.19%Net margin, FY2021: 40.00%Net margin, FY2022: 10.73%Net margin, FY2023: -195.84%Net margin, FY2024: -92.73%Net margin, FY2025: -39.69%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 57.17%. Gross margin FY2022 35.35%. Gross margin FY2023 -113.86%. Gross margin FY2024 -31.31%. Gross margin FY2025 7.77%. Operating margin FY2021 36.62%. Operating margin FY2022 7.80%. Operating margin FY2023 -194.29%. Operating margin FY2024 -84.33%. Operating margin FY2025 -21.19%. Net margin FY2021 40.00%. Net margin FY2022 10.73%. Net margin FY2023 -195.84%. Net margin FY2024 -92.73%. Net margin FY2025 -39.69%.

Income trends

Revenue

529.74M USD+96.69%

Operating income

−112.23M USD+50.59%

Net income

−210.27M USD+15.81%
Income trends across reported periods5.44B USD3.31B USD1.18B USD−946.46M USDRevenue, FY2021: 4.91B USDRevenue, FY2022: 4.46B USDRevenue, FY2023: 211.48M USDRevenue, FY2024: 269.32M USDRevenue, FY2025: 529.74M USDOperating income, FY2021: 1.8B USDOperating income, FY2022: 348.2M USDOperating income, FY2023: −410.88M USDOperating income, FY2024: −227.13M USDOperating income, FY2025: −112.23M USDNet income, FY2021: 1.96B USDNet income, FY2022: 478.84M USDNet income, FY2023: −414.15M USDNet income, FY2024: −249.75M USDNet income, FY2025: −210.27M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 4.91B USD. Revenue FY2022 4.46B USD. Revenue FY2023 211.48M USD. Revenue FY2024 269.32M USD. Revenue FY2025 529.74M USD. Operating income FY2021 1.8B USD. Operating income FY2022 348.2M USD. Operating income FY2023 −410.88M USD. Operating income FY2024 −227.13M USD. Operating income FY2025 −112.23M USD. Net income FY2021 1.96B USD. Net income FY2022 478.84M USD. Net income FY2023 −414.15M USD. Net income FY2024 −249.75M USD. Net income FY2025 −210.27M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue529.74M USD269.32M USD211.48M USD4.46B USD4.91B USD
Cost of goods sold488.58M USD353.64M USD452.26M USD2.89B USD2.1B USD
Gross profit41.16M USD−84.32M USD−240.78M USD1.58B USD2.81B USD
Research and development63.15M USD61.32M USD64.85M USD564.3M USD331.42M USD
Selling, general, and administrative81.65M USD77.4M USD79.42M USD669.54M USD677.25M USD
Operating expenses153.39M USD142.81M USD170.1M USD1.28B USD1.01B USD
Interest income266.7K USD536K USD956K USD16.25M USD7.21M USD
Interest expense1.97M USD521K USD———
Depreciation and amortization28.42M USD28.42M USD59.64M USD232.53M USD13.91M USD
Operating income−112.23M USD−227.13M USD−410.88M USD348.2M USD1.8B USD
Net income−210.27M USD−249.75M USD−414.15M USD478.84M USD1.96B USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
10%
1 beat, 9 misses, 0 met estimates
Average EPS surprise
-796.38%
10 comparable reports
Latest EPS result
-0.13
Estimate -0.07 · Miss by 85.71%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates-0.01-0.65-1.29-1.93Q1 '25MissQ2 '25MissQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26EstimateQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual -0.33, estimate -0.11, surprise -200.00%, Miss. Q2 2025, reported May 20, 2025: actual -1.79, estimate -0.15, surprise -1093.33%, Miss. Q3 2025, reported Aug 14, 2025: actual -0.03, estimate -0.042, surprise +28.01%, Beat. Q4 2025, reported Nov 18, 2025: actual -0.05, estimate -0.008, surprise -500.24%, Miss. Q1 2026, reported Feb 10, 2026: actual -0.13, estimate -0.06, surprise -116.67%, Miss. Q2 2026, reported May 19, 2026: actual -0.13, estimate -0.07, surprise -85.71%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate -0.1, surprise —, Comparison unavailable. Q4 2026, reported Nov 17, 2026: actual —, estimate -0.01, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates147.9M98.6M49.3M69.7Q1 '25BeatQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26MissQ3 '26EstimateQ4 '26Estimate
Q1 2025, reported Feb 25, 2025: actual 12.22M USD, estimate 10.41M USD, surprise +17.41%, Beat. Q2 2025, reported May 20, 2025: actual 82 USD, estimate 136.94M USD, surprise -100.00%, Miss. Q3 2025, reported Aug 14, 2025: actual 13.95M USD, estimate 13.82M USD, surprise +0.96%, Beat. Q4 2025, reported Nov 18, 2025: actual 21.17M USD, estimate 18.48M USD, surprise +14.58%, Beat. Q1 2026, reported Feb 10, 2026: actual 28.43M USD, estimate 25.44M USD, surprise +11.78%, Beat. Q2 2026, reported May 19, 2026: actual 9.25M USD, estimate 9.54M USD, surprise -3.08%, Miss. Q3 2026, reported Aug 27, 2026: actual —, estimate 5.92M USD, surprise —, Comparison unavailable. Q4 2026, reported Nov 17, 2026: actual —, estimate 5.92M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Analyst price target

Average target

$1.30

266.20% upside
Past 12 months12-month forecastHigh $1.30Average $1.30Low $1.30

Recent analyst actions

5 institutions

Corporate actions

Corporate action history

Dividend

Ex-dividend Nov 15, 2021

$0.38

Irregular

Record Dec 2, 2021 · Payment Dec 2, 2021

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Funds reporting this stock among their holdings, ordered by reported position size.

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