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.
Key facts about Canaan Inc.
- Net worth
- Canaan Inc. has a market value (market cap) of $155.6M at the latest share price, and shareholders' equity of $437.4M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $529.7M (+96.7% year on year), with a net loss of $210.3M.
- Cash flow
- In fiscal 2025 operations used $271.2M of cash.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on April 15, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
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
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $529.7M | -$210.3M | -$2.99 | -$295.8M |
| 2024 | $269.3M | -$249.8M | -$6.13 | -$218.6M |
| 2023 | $211.5M | -$414.2M | -$16.06 | -$126.9M |
| 2022 | $651.5M | $69.9M | $2.71 | -$200.3M |
| 2021 | $772.8M | $309.1M | $12.00 | $196.6M |
| 2020 | $68.6M | -$33M | -$1.41 | $6.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CAN ranks in Finance
Latest SEC filings
What Canaan Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- October 19, 2026
- October 15, 2026
- September 14, 2026
- September 11, 2026
- September 8, 2026
- August 17, 2026
- August 13, 2026Passive stake changed SCHEDULE 13G/A
- August 11, 2026Passive stake changed SCHEDULE 13G/A
- August 4, 2026
- July 15, 2026
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.
Who owns CAN
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Zhang Nangeng13G, passive with 1 related filers | 5.8% | February 13, 2026 |
| Weiss Asset Management LP13G, passive with 2 related filers | 5.2% | August 11, 2026 |
Largest institutional holders
Insiders
Questions about CAN
What does Canaan Inc. do?
Canaan Inc. is a company in the Finance sector, listed on NASDAQ as CAN. Its shares trade on NASDAQ under the ticker CAN.
What is Canaan Inc.'s net worth?
Canaan Inc. has a market value (market cap) of $155.6M at the latest share price, and shareholders' equity of $437.4M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
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 October 19, 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.