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CANCanaan Inc.
$0.27$169M
Overview & Verdict
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CAN logoCanaan Inc.(CAN)Earnings, Financials & Key Ratios

CAN•NASDAQ
$0.27
Price updated Jul 7, 2026
SectorTechnologyIndustryComputer HardwareSub-IndustryAdvanced Computing and Mining Hardware
AboutCanaan, 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.Show more
  • Revenue$530M+96.7%
  • EBITDA-$84M+57.8%
  • Net Income-$210M+15.8%
  • EPS (Diluted)-0.45+51.1%
  • Gross Margin7.77%+124.8%
  • EBITDA Margin-15.82%+78.6%
  • Operating Margin-21.19%+74.9%
  • Net Margin-39.69%+57.2%
  • ROE-59.77%+26.5%

CAN Price & Volume

Canaan Inc. (CAN) stock price & volume — 10-year historical chart

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Cyclical Revenue Growth Masks Structural Profitability Deficits

Investment Thesis • Updated 2025Q4

VerdictNegative
Growth:Accelerating
Profitability:Negative
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:Technological obsolescence and liquidity

Key Thesis Takeaways

  • Canaan Inc.
  • exhibits a volatile growth profile characterized by a 121.1% year-over-year revenue surge in 2025Q4, yet this expansion fails to translate into operational sustainability as evidenced by a persistent net loss of $85.0M in the same period.
  • The company remains trapped on a technological treadmill where rapid ASIC obsolescence necessitates aggressive capital expenditure, which reached 122.3% of revenue in 2024Q4.
  • Investors should remain cautious as the firm's reliance on cyclical hardware sales and an eroding equity base, now featuring -$645.9M in retained earnings, suggests significant long-term solvency risks.

Verdict Logic

the company's inability to generate positive free cash flow, coupled with a net loss of $85.0M in 2025Q4, suggests that the current business model lacks the necessary scale to achieve sustainable profitability.

CAN Growth Metrics

Canaan Inc. (CAN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years3.43%
3 Years-50.86%
TTM96.81%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM15.77%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM46.56%

Return on Capital

10 Years-24.6%
5 Years-4.14%
3 Years-39.45%
Last Year-29.68%

CAN Recent Earnings

Canaan Inc. (CAN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 4/12 qtrs (33%)●Beat Revenue 5/12 qtrs (42%)
Q2 2026Latest
May 19, 2026
Metric
Actual
Est
EPS
$0.13-85.7%
$0.07
Rev
$9M-3.1%
$10M
Q1 2026
Feb 10, 2026
Metric
Actual
Est
EPS
$0.13-116.7%
$0.06
Rev
$28M+11.8%
$25M
Q4 2025
Nov 18, 2025
Metric
Actual
Est
EPS
$0.05+16.7%
$0.06
Rev
$151M+509.6%
$25M
Q3 2025
Aug 14, 2025
Metric
Actual
Est
EPS
$0.03+76.9%
$0.13
Rev
$14M-23.5%
$18M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 19, 2026
$0.13vs $0.07-85.7%
$9Mvs $10M-3.1%
Q1 2026Feb 10, 2026
$0.13vs $0.06-116.7%
$28Mvs $25M+11.8%
Q4 2025Nov 18, 2025
$0.05vs $0.06+16.7%
$151Mvs $25M+509.6%
Q3 2025Aug 14, 2025
$0.03vs $0.13+76.9%
$14Mvs $18M-23.5%
Based on last 12 quarters of dataView full earnings history →

Latest CAN News

Recent stock market news and headlines for Canaan Inc. (CAN)

PRNewsWire·1 day ago
Canaan Inc. Completes Transfer to Nasdaq Capital Market

Applies for additional 180-day minimum bid price compliance period SINGAPORE, July 6, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that the Listing Qualifications Department of The Nasdaq Stock Market LLC ("Nasdaq") has approved the transfer of the listing of the Company's American Depositary Shares ("ADSs"), each representing 15 Class A ordinary shares, from the Nasdaq Global Market to the Nasdaq Capital Market. The transfer became effective at the opening of trading on July 1, 2026.

Newsfile Corp·Jun 24, 2026
Canadian Gold Resources Announces Results of 2026 Annual and Special Meeting of Shareholders

Dieppe, New Brunswick--(Newsfile Corp. - June 24, 2026) - Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce the voting results from its Annual and Special Meeting of Shareholders (the "Meeting") held on June 19, 2026 in Dieppe, New Brunswick.

PRNewsWire·Jun 24, 2026
Canaan Inc. Announces Open Market Share Purchases by Chief Executive Officer and Chief Financial Officer

Open market purchases underscore management's confidence in Canaan's long-term growth strategy SINGAPORE, June 24, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), an innovator in crypto mining, today announced that its chairman and chief executive officer, Nangeng Zhang ("Zhang"), and chief financial officer, Jin "James" Cheng ("Cheng"), recently purchased additional shares of the Company's stock in the open market. The purchases were made in compliance with the Company's internal trading policies and applicable securities regulations.

Newsfile Corp·Jun 18, 2026
Canadian Gold Resources Announces 2026 Exploration Program Across Three Québec Properties; Provides Lac Arsenault Operational Update

Dieppe, New Brunswick--(Newsfile Corp. - June 18, 2026) - Canadian Gold Resources Ltd. (TSXV: CAN) ("Canadian Gold" or the "Company") is pleased to announce its 2026 exploration program, which will encompass all three of its 100% owned projects located in the Gaspé Peninsula, Québec: Lac Arsenault, Robidoux, and VG Boulder.

Peers Comparison

Key metrics vs top competitors for Canaan Inc. (CAN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
CAN logoCANCanaan Inc.Current
$0.27$169.41M-0.5996.69%-39.69%-59.77%—
MARA logoMARAMarathon Digital Holdings, Inc.
$12.05$4.59B-3.2738.2%-234.83%-51.65%—
RIOT logoRIOTRiot Platforms, Inc.
$21.17$8.03B-10.8671.89%-132.76%-28.78%—
CLSK logoCLSKCleanSpark, Inc.
$12.48$3.2B11.14102.21%-67.66%-29.93%—
CIFR logoCIFRCipher Mining Inc.
$20.47$8.31B-9.5248.04%-512.96%-115.53%—
BTBT logoBTBTBit Digital, Inc.
$1.65$537.3M-5.32-30.65%-146.01%-0.11%—

Compare CAN vs Peers

Canaan Inc. (CAN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MARA

Most directly comparable listed peer for CAN.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare CAN against a more recognizable public peer.

Peer Set

Compare Top 5

vs MARA, RIOT, CLSK, CIFR

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CAN Frequently Asked Questions

Canaan Inc. (CAN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Canaan Inc.'s revenue?

Canaan Inc. (CAN) reported $529.9M in revenue for fiscal year 2025. This represents a 60% decrease from $1.32B in 2017.

How fast is Canaan Inc. growing?

Canaan Inc. (CAN) grew revenue by 96.7% over the past year. This is strong growth.

Is CAN profitable?

Canaan Inc. (CAN) reported a net loss of $210.3M for fiscal year 2025.

Dividend & Returns
What is CAN's return on equity?

Canaan Inc. (CAN) has a return on equity (ROE) of -59.8%. Negative ROE indicates the company is unprofitable.

What if you invested $1,000 in CAN back in 2017?

Total return calculator · dividends reinvested · 9+ years of data

See returns →