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Canaan Inc. (CAN)

Canaan Inc. reported revenue of $529.7M in fiscal 2025, up 96.7% from a year earlier. It posted a net loss of $210.3M. In fiscal 2025 capital spending exceeded operating cash flow by $295.8M. At December 31, 2025 it held $80.8M in cash against $52.2M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on April 15, 2026.

Price
$0.38
-4.04% on the day · September 25, 2026
52-week range $0.15 to $2.22
Market cap
$290.4M
Revenue (FY2025)
$529.7M
+96.7% year on year
Net margin
-39.7%

What Canaan Inc. does

Canaan Inc. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker CAN.

Revenue and profit by year

Revenue
FY19: $204.3M $204.3M FY19FY20: $68.6M $68.6M FY20FY21: $772.8M $772.8M FY21FY22: $651.5M $651.5M FY22FY23: $211.5M $211.5M FY23FY24: $269.3M $269.3M FY24FY25: $529.7M $529.7M FY25
Net income
FY19: -$148.6M -$148.6M FY19FY20: -$33M -$33M FY20FY21: $309.1M $309.1M FY21FY22: $69.9M $69.9M FY22FY23: -$414.2M -$414.2M FY23FY24: -$249.8M -$249.8M FY24FY25: -$210.3M -$210.3M FY25

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal yearRevenueOperating incomeNet incomeDiluted EPSFree cash flow
2025$529.7M-$112.2M-$210.3M-$2.99-$295.8M
2024$269.3M-$227.1M-$249.8M-$6.13-$218.6M
2023$211.5M-$410.9M-$414.2M-$16.06-$126.9M
2022$651.5M$42.9M$69.9M$2.71-$200.3M
2021$772.8M$283M$309.1M$12.00$196.6M
2020$68.6M-$38.9M-$33M-$1.41$6.1M

Where CAN ranks in Finance

Revenue$529.7M
#239 of 444 in Finance · Bottom 46%
Revenue growth+96.7%
#20 of 415 in Finance · Top 5%
Net margin-39.7%
#368 of 418 in Finance · Bottom 12%
Free cash flow margin-55.8%
#274 of 304 in Finance · Bottom 10%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Finance

Latest SEC filings

What Canaan Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.

  1. September 14, 2026
  2. September 11, 2026
  3. September 8, 2026
  4. August 17, 2026
  5. August 11, 2026
  6. August 4, 2026
  7. July 15, 2026
  8. July 14, 2026
  9. July 6, 2026
  10. June 24, 2026

Recent insider filings (Forms 3, 4 and 144): 10, the latest on June 22, 2026. Insider transactions on SEC

Insider trades

What the people running Canaan Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)
$0
last 90 days
Sold
$0
last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

All filings on SEC EDGAR

Questions about CAN

What does Canaan Inc. do?

Canaan Inc. is registered with the SEC under industry code SIC 6199 (Finance Services). Its shares trade on NASDAQ under the ticker CAN.

Is Canaan Inc. profitable?

No. In fiscal 2025 it reported a net loss of $210.3M on revenue of $529.7M.

How much revenue does Canaan Inc. make?

In fiscal 2025 Canaan Inc. reported revenue of $529.7M. That is 96.7% more than a year earlier.

When did Canaan Inc. last report?

Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on April 15, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from September 14, 2026.

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Where the numbers come from

Financial figures are the values Canaan Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.