canaan - CAN

CAN

Close Chg Chg %
0.32 -0.00 -0.87%

Open Market

0.32

0.00 (0.87%)

Volume: 15.77M

Last Updated:

Sep 9, 2026, 12:21 PM EDT

Company Overview: canaan - CAN

CAN Key Data

Open

$0.34

Day Range

0.32 - 0.34

52 Week Range

0.15 - 2.22

Market Cap

$252.55M

Shares Outstanding

701.53M

Public Float

687.39M

Beta

2.73

Rev. Per Employee

N/A

P/E Ratio

N/A

EPS

-$0.45

Yield

0.00%

Dividend

N/A

EX-DIVIDEND DATE

SHORT INTEREST

N/A

AVERAGE VOLUME

23.66M

 

CAN Performance

1 Week
 
-10.22%
 
1 Month
 
51.17%
 
3 Months
 
0.94%
 
1 Year
 
-60.80%
 
5 Years
 
-96.16%
 

CAN Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 5
Full Ratings ➔

About canaan - CAN

Canaan, Inc. is a holding company, which engages in developing and selling Bitcoin mining machines and related services. It focuses on the development of green mining. The company was founded by Jia Xuan Li, Xiang Fu Liu and Nan Geng Zhang on January 19, 2013 and is headquartered in Singapore.

CAN At a Glance

Canaan, Inc.
28 Ayer Rajah Crescent
Singapore, Central Singapore 139959
Phone 65-6305-6618 Revenue 531.14M
Industry Semiconductors Net Income -210,823,100.64
Sector Electronic Technology 2025 Sales Growth 97.112%
Fiscal Year-end 12 / 2026 Employees 399
View SEC Filings

CAN Valuation

P/E Current N/A
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) N/A
Price to Sales Ratio 0.61
Price to Book Ratio 1.053
Price to Cash Flow Ratio N/A
Enterprise Value to EBITDA -5.302
Enterprise Value to Sales 0.561
Total Debt to Enterprise Value 0.184

CAN Efficiency

Revenue/Employee 1,331,167.943
Income Per Employee -528,378.698
Receivables Turnover 4.091
Total Asset Turnover 0.997

CAN Liquidity

Current Ratio 3.285
Quick Ratio 1.646
Cash Ratio 0.616

CAN Profitability

Gross Margin 6.949
Operating Margin -19.564
Pretax Margin -39.168
Net Margin -39.693
Return on Assets -39.558
Return on Equity -59.925
Return on Total Capital -42.827
Return on Invested Capital -57.189

CAN Capital Structure

Total Debt to Total Equity 12.552
Total Debt to Total Capital 11.152
Total Debt to Total Assets 9.106
Long-Term Debt to Equity 5.643
Long-Term Debt to Total Capital 5.013
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Canaan - CAN

Collapse All in section
All values USD millions. 2022 2023 2024 2025 5-year trend
Sales/Revenue
650.30M 211.29M 269.46M 531.14M
Sales Growth
-15.90% -67.51% +27.53% +97.11%
Cost of Goods Sold (COGS) incl D&A
423.12M 457.02M 359.14M 494.23M
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
35.96M 59.59M 28.43M 47.68M
Depreciation
35.96M 59.59M 28.27M 47.47M
Amortization of Intangibles
- - 159.08K 212.56K
-
COGS Growth
+27.20% +8.01% -21.42% +37.61%
Gross Income
227.18M (245.73M) (89.68M) 36.91M
Gross Income Growth
-48.44% -208.17% +63.50% +141.16%
Gross Profit Margin
+34.93% -116.30% -33.28% +6.95%
2022 2023 2024 2025 5-year trend
SG&A Expense
171.43M 138.99M 133.47M 140.82M
Research & Development
80.28M 64.39M 59.45M 61.39M
Other SG&A
91.15M 74.60M 74.03M 79.43M
SGA Growth
+9.24% -18.93% -3.97% +5.50%
Other Operating Expense
- - - -
-
Unusual Expense
6.84M 95.87M (18.59M) 106.11M
EBIT after Unusual Expense
48.90M (480.58M) (204.57M) (210.02M)
Non Operating Income/Expense
41.74M 15.49M 32.73M 3.96M
Non-Operating Interest Income
2.37M 955.17K 536.27K 266.70K
Equity in Earnings of Affiliates
- - - -
-
Interest Expense
- - 521.26K 1.97M
-
Interest Expense Growth
- - - +278.16%
-
Gross Interest Expense
- - 521.26K 1.97M
-
Interest Capitalized
- - - -
-
Pretax Income
90.64M (465.09M) (172.36M) (208.04M)
Pretax Income Growth
-71.49% -613.10% +62.94% -20.70%
Pretax Margin
+13.94% -220.12% -63.96% -39.17%
Income Tax
18.42M (51.30M) 77.52M 2.79M
Income Tax - Current - Domestic
32.35M (5.65M) 11.34M 2.71M
Income Tax - Current - Foreign
- - - -
-
Income Tax - Deferred - Domestic
(13.94M) (45.65M) 66.18M 72.19K
Income Tax - Deferred - Foreign
- - - -
-
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - -
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
72.23M (413.79M) (249.88M) (210.82M)
Minority Interest Expense
- - - -
-
Net Income
72.23M (413.79M) (249.88M) (210.82M)
Net Income Growth
-76.71% -672.91% +39.61% +15.63%
Net Margin Growth
+11.11% -195.84% -92.73% -39.69%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
72.23M (413.79M) (249.88M) (210.82M)
Preferred Dividends
- - - -
-
Net Income Available to Common
72.23M (413.79M) (249.88M) (210.82M)
EPS (Basic)
0.4232 -2.4065 -0.9204 -0.4491
EPS (Basic) Growth
-77.06% -668.64% +61.75% +51.21%
Basic Shares Outstanding
170.67M 171.95M 271.49M 469.52M
EPS (Diluted)
0.4203 -2.4065 -0.9204 -0.4491
EPS (Diluted) Growth
-76.73% -672.57% +61.75% +51.21%
Diluted Shares Outstanding
171.86M 171.95M 271.49M 469.52M
EBITDA
91.70M (325.13M) (194.72M) (56.23M)
EBITDA Growth
-68.17% -454.54% +40.11% +71.12%
EBITDA Margin
+14.10% -153.87% -72.26% -10.59%

Snapshot

Average Recommendation BUY Average Target Price 2.367
Number of Ratings 5 Current Quarters Estimate -0.15
FY Report Date 09 / 2026 Current Year's Estimate -0.275
Last Quarter’s Earnings -0.13 Median PE on CY Estimate N/A
Year Ago Earnings -0.22 Next Fiscal Year Estimate -0.471
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 4 4 4 3
Mean Estimate -0.15 -0.16 -0.27 -0.47
High Estimates -0.03 -0.04 -0.01 -0.09
Low Estimate -0.40 -0.36 -0.49 -1.08
Coefficient of Variance -112.87 -90.99 -72.13 -113.09

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 5 2 4
OVERWEIGHT 0 0 0
HOLD 0 0 1
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Buy Buy Buy

Canaan in the News