Financials in USD. Standardized financial statements.
A compact view of how Canaan Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $529.74M | $269.32M | $211.48M | $4.46B | $4.91B | $447.52M | $1.42T | $2.58B | $1.32B |
| Revenue Growth? | +96.7% | +27.4% | -95.3% | -9.1% | +996.9% | -100.0% | +55141.2% | +94.4% | 0.0% |
| Cost of Revenue? | $488.58M | $353.64M | $452.26M | $2.89B | $2.10B | $409.77M | $1.94B | $2.20B | $703.70M |
| Gross Profit? | $41.16M | -$84.32M | -$240.78M | $1.58B | $2.81B | $37.75M | -$516.00M | $508.12M | $604.38M |
| Gross Margin? | +7.8% | -31.3% | -113.9% | +35.3% | +57.2% | +8.4% | -0.0% | +19.7% | +45.6% |
| Operating Expenses? | $153.39M | $142.81M | $170.10M | $1.28B | $1.01B | $291.29M | $505.38M | $262.20M | $209.26M |
| Operating Income? | -$112.23M | -$227.13M | -$410.88M | $294.20M | $1.80B | -$240.02M | -$1.05B | $252.74M | $60.88M |
| EBITDA? | -$75.22M | -$143.33M | -$330.11M | $526.74M | $1.82B | -$222.56M | -$110.83M | $266.40M | $411.62M |
| Income Before Tax | -$207.49M | -$172.27M | -$465.49M | $605.26M | $2.02B | -$203.35M | -$1.03B | $190.62M | $61.42M |
| Income Tax Expense | $2.78M | $77.48M | -$51.34M | $126.42M | $49.33M | $0 | $0 | $80.85M | $24.52M |
| Net Income? | -$210.27M | -$249.75M | -$414.15M | $478.84M | $1.96B | -$215.02M | -$1.03B | $127.21M | $380.53M |
| EPS? | $-0.45 | $-0.92 | $-2.40 | $2.85 | $11.40 | $-1.30 | $-1.04 | $0.14 | $0.44 |
| Diluted EPS? | $-0.45 | $-0.92 | $-2.40 | $2.85 | $11.40 | $-1.30 | $-1.04 | $0.13 | $0.44 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality