Canaan Inc. financials

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CAN CIK 0001780652

Source: EDGAR filings · Built 2026-06-19T00:36:40Z

Custom taxonomy namespace: ffd

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow -295.83M -218.57M -126.93M -200.35M 196.64M 6.15M
Working Capital 302.20M 155.45M 228.49M 480.46M 500.32M 63.56M
Net Debt -25.88M -69.61M -94.73M -97.80M -416.35M -50.06M
Gross Margin 7.77% -31.31% -113.86% 35.35% 57.17% 8.44%
Operating Margin -21.19% -84.33% -194.29% 6.59% 36.62% -56.71%
Net Margin -39.69% -92.73% -195.84% 10.73% 40.00% -48.04%
Return on Equity (ROE) -48.08% -93.80% -118.95% 11.50% 56.98% -49.72%
Return on Assets (ROA) -34.88% -53.94% -83.96% 10.20% 34.97% -20.75%
Current Ratio 3.31× 1.87× 2.69× 7.38× 2.53× 1.70×
Debt-to-Equity 0.13× 0.10× 0.00× 0.01× 0.01× 0.15×
Effective Tax Rate -1.34% -44.98% 11.03% 20.89% 2.45% 0.00%
Cash Conversion Ratio 1.29× 0.80× 0.30× -2.61× 0.65× -0.20×
Accruals Ratio 0.10× -0.11× -0.59× 0.37× 0.12× -0.25×
SBC % of Revenue 4.30% 11.48% 19.90% 9.67% 9.90% 0.66%
CapEx Coverage -11.02× -10.32× -37.32× -10.29× 35.83× 19.46×
Free Cash Flow Per Share $-0.04 $-0.05 $-0.05 $-0.08 $0.08 $0.00

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenues 529.74M 269.32M 211.48M 651.53M 772.76M 68.61M
Cost of Revenue 488.58M 353.64M 452.26M 421.24M 331.00M 62.82M
Gross Profit 41.16M -84.32M -240.78M 230.29M 441.76M 5.79M
Research and Development Expense 63.15M 61.32M 64.84M 81.75M 52.17M 21.46M
Operating Expenses 153.39M 142.81M 170.10M 187.35M 158.78M 44.70M
Operating Income (Loss) -112.23M -227.13M -410.88M 42.94M 282.97M -38.91M
Income Tax Expense (Benefit) 2.78M 77.48M -51.34M 18.45M 7.76M 0
Net Income (Loss) Attributable to Parent -210.27M -249.75M -414.15M 69.88M 309.09M -32.96M
Earnings Per Share, Basic $-2.99 $-6.13 $-16.06 $2.73 $12.26 $-1.41
Weighted Average Number of Shares Outstanding, Basic 7.04B 4.07B 2.58B 2.56B 2.52B 2.35B
Earnings Per Share, Diluted $-2.99 $-6.13 $-16.06 $2.71 $12.00 $-1.41
Weighted Average Number of Shares Outstanding, Diluted 7.04B 4.07B 2.58B 2.58B 2.58B 2.35B

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 80.78M 96.49M 96.15M 707.26M 421.23M 59.97M
Assets, Current 433.29M 334.02M 363.68M 555.71M 827.52M 154.36M
Assets 602.88M 463.01M 493.30M 684.96M 883.82M 158.83M
Liabilities, Current 131.09M 178.57M 135.19M 75.26M 327.20M 90.80M
Long-term Debt, Excluding Current Maturities 23.73M 7.28M — — — —
Liabilities 165.52M 196.76M 145.11M 77.30M 341.08M 92.54M
Stockholders' Equity Attributable to Parent 437.37M 266.25M 348.19M 607.67M 542.48M 66.30M
Common Stock, Shares, Outstanding — 4.61B 3.51B 2.50B 2.58B 2.33B

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities -271.22M -199.26M -123.62M -182.60M 202.28M 6.48M
Payments to Acquire Property, Plant, and Equipment 24.61M 19.30M 3.31M 17.75M 5.64M 333.00K
Net Cash Provided by (Used in) Investing Activities 56.73M 60.97M 39.63M -8.10M 848.00K -7.60M
Payments for Repurchase of Common Stock 5.00M — — 37.38M 16.11M 3.67M
Net Cash Provided by (Used in) Financing Activities 197.88M 139.75M 90.00M -56.18M 139.22M -17.16M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (CAN CIK 0001780652), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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