Saturday 17 October 2026 Export CAN’s income statement to Excel — free account

Canaan Inc. Sponsored ADR

Canaan Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $529.7 million, up 96.7% from fiscal 2024. In the quarter to June 2026, revenue fell 68.2%, EPS fell 333.3%, free cash flow grew 11.3% and total debt rose 26.8%, each against the same quarter a year earlier.

0.23 0.02 −8.00%

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Market cap: $177.4M
P/E: 0.0×
Fwd P/E: −1.5×
Dividend yield: —
F-score: 4/9
Altman Z: 0.55
Beneish M: −3.86
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 5.82%

Capital & Financial Ratios $m

Market Cap 177.44

Revenue 441.31

Net Income (210.27)

Free Cash Flow (612.74)

Net Debt (8.93)

Current Ratio 2.86

Debt/Equity 0.20

P/E ratio 0.00

Fwd P/E (1.52)

P/S ratio 0.38

P/B ratio 0.57

Past 5Y EPS Growth —

This Y EPS Growth (67.78%)

Next Y EPS Growth (2.40%)

Next Y revenue growth (96.02%)

Next 5Y EPS Growth 0.25%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 1.51%

10-year low 10-year high

P/B against its own 10 years 4.39%

10-year low 10-year high

EV/Sales against its own 10 years 14.22%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2020	Powerpack
2019	Powerpack
2018	Powerpack
2017	Powerpack

special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	96	96	81	68
Receivables	3	52	72	31
Inventory	142	95	181	129
Other	—	—	—	—
	364	334	433	311

	2023	2024	2025	Q'26
Payables	6	14	26	15
ST’ Debt	—	17	29	24
Other	60	92	9	4
	135	179	131	108

Compound Annual Growth %

	10y	5y	3y
Sales	9.91%	50.50%	(6.67%)
Cash Flow	0.00%	0.00%	0.00%
Earnings	0.00%	0.00%	0.00%
Book Value	28.69%	45.84%	(10.38%)

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	63	32	—	—	—
’25	83	100	150	196	530
’24	35	72	74	89	269
’23	55	74	33	49	211
’22	202	246	146	58	652
’21	61	168	204	349	783
’20	10	25	24	10	69

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	(52)	—	—	—
’25	—	(200)	—	(271)	(271)
’24	—	(110)	(59)	(30)	(199)
’23	—	(48)	(37)	(39)	(124)
’22	—	—	—	(183)	(183)
’21	—	—	—	226	226
’20	—	—	—	(44)	6

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	—	(54)	—	—	—
’25	—	(220)	—	(295)	(295)
’24	—	(105)	(61)	(44)	(210)
’23	—	(50)	(37)	(38)	(125)
’22	—	—	—	(200)	(200)
’22	—	—	—	—	(252)
’21	—	—	—	220	220

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	(0.13)	(0.13)	—	—	—
’25	(0.27)	(0.03)	(0.05)	(0.13)	(0.45)
’24	(0.16)	(0.15)	(0.27)	(0.33)	(0.92)
’23	(0.51)	(0.65)	(0.47)	(0.77)	(2.41)
’22	0.41	0.53	0.04	(0.53)	0.41
’21	0.00	0.22	0.41	1.07	1.84
’20	(0.04)	(0.02)	(0.08)	(0.07)	(0.21)

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	4.55	1.76	4.30	1.87	1.13	0.72	0.54	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	13.00	8.69	39.10	6.90	3.98	3.27	2.47
People
People	Employees	—	—	297	—	248	346	541	445	463	399
	Revenue/emp, $m	0.00	0.00	0.00	0.00	0.28	2.26	1.20	0.48	0.58	1.33
Income, $m
Income, $m	Revenue	48	194	409	204	69	783	652	211	269	530
	Gross margin, %	40.16	45.51	18.34	100.00	8.44	57.17	35.35	(113.86)	(31.31)	7.77
	EBT	9	59	30	204	(33)	322	88	(465)	(172)	(207)
	EBT margin, %	17.95	30.65	7.40	100.00	(48.04)	41.12	13.56	(220.12)	(63.96)	(39.17)
	Net income	8	0	0	0	(33)	314	70	(414)	(250)	(210)
	Depreciation	1	1	2	4	7	2	34	60	28	48
Per share, $
Per share, $	Revenue	0.00	1.24	2.61	1.42	0.44	4.65	3.82	1.23	0.99	1.13
	Earnings	—	0.02	0.01	(1.04)	(0.21)	1.87	0.41	(2.41)	(0.92)	(0.45)
	Cash flow	0.00	0.09	(0.01)	0.00	0.04	1.34	(1.07)	(0.72)	(0.73)	(0.58)
	Capex	—	0.00	0.00	0.00	0.00	(0.03)	(0.10)	(0.01)	(0.04)	(0.05)
	Free cash flow	0.00	0.09	(0.01)	0.00	0.04	1.31	(1.17)	(0.72)	(0.77)	(0.63)
	Book value	0.00	0.84	0.22	0.00	0.42	3.23	3.56	2.03	0.98	0.93
	Shares, m	—	157	157	144	156	168	171	172	271	470
Valuation, ×
Valuation, ×	P/E	0.00	0.00	0.00	0.00	0.00	2.97	4.33	0.00	0.00	0.00
	P/S	0.00	0.00	0.00	0.00	13.52	1.11	0.51	1.76	2.07	0.61
	P/B	9.16	9.16	9.16	9.16	13.99	1.60	0.54	1.07	2.09	0.74
	EV/Sales	0.00	0.00	0.00	0.00	12.58	0.56	0.36	1.31	1.80	0.56
	EV/FCF	0.00	0.00	0.00	0.00	0.00	0.00	44.42	(0.85)	(1.96)	(0.48)
Cash, $m
Cash, $m	Operating cash flow	(12)	13	(2)	(45)	6	226	(183)	(124)	(199)	(271)
	Capex	(5)	(2)	(4)	(1)	0	(6)	(18)	(1)	(11)	(24)
	Free cash flow	(12)	13	(2)	(45)	6	220	(200)	(125)	(210)	(295)
Balance, $m
Balance, $m	Working capital	29	128	30	94	64	500	480	228	155	302
	Total debt	—	—	153	22	6	3	1	0	26	53
	Net debt	(4)	(41)	73	(56)	(64)	(426)	(100)	(96)	(71)	(28)
	Shareholders’ equity	34	132	35	99	66	543	608	348	266	437
Returns, %
Returns, %	ROA	7.09	0.00	0.00	(208.81)	(21.89)	60.21	8.91	(70.30)	(52.23)	(39.45)
	ROIC	0.00	0.00	0.00	0.00	(1,275.81)	153.74	6.26	(95.41)	(71.34)	(15.81)
	ROE	9.55	67.17	22.19	0.00	(39.77)	103.08	12.15	(86.66)	(81.29)	(59.77)

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
DDD 3D Systems Corporation	$491.8M	— (loss-making)	— (loss-making)	−0.27% (below 0%: shrinking)	n/m	+62.75% (above 0%: growing)	36.44%	(11.26%)	Compare
NNDM Nano Dimension Ltd.	$303.3M	— (loss-making)	209×	+12.10% (above 0%: growing)	n/m	+49.35% (above 0%: growing)	45.90%	(71.03%)	Compare
VELO Velo3D, Inc.	$240.2M	— (loss-making)	— (loss-making)	+52.25% (above 0%: growing)	n/m	−731.61% (below 0%: shrinking)	21.50%	(53.53%)	Compare
BGIN Bgin Blockchain Limited	$221.8M	—	—	—	—	—	—	—	Compare
CAN Canaan Inc. Sponsored ADR	$177.4M	— (loss-making)	— (loss-making)	−68.20% (below 0%: shrinking)	n/m	+11.34% (above 0%: growing)	(92.06%)	(192.04%)
OSS One Stop Systems, Inc.	$163.4M	99.2×	— (loss-making)	+62.28% (above 0%: growing)	n/m	−262.64% (below 0%: shrinking)	39.05%	(82.06%)	Compare
DPRO Draganfly Inc.	$152.6M	— (loss-making)	— (loss-making)	+25.84% (above 0%: growing)	n/m	−149.77% (below 0%: shrinking)	20.01%	(584.90%)	Compare
QTEX QTREX Quantum Ltd.	$106.0M	— (loss-making)	14.2×	—	n/m	−1,872.62% (below 0%: shrinking)	0.00%	0.00%	Compare
YIBO Planet Image International Limited	$66.4M	—	—	—	—	−222.46% (below 0%: shrinking)	—	—	Compare
Median of peers	$192.6M	—	—	+25.84%	—	−222.46%	28.97%	(62.28%)

All 38 Computer Hardware stocks →

Canaan Inc. Sponsored ADR (CAN) key facts

Strength: Canaan Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $529.7 million, up 96.7% from fiscal 2024.
Canaan Inc. Sponsored ADR (CAN) is a Computer Hardware company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, CAN traded at $0.23, a market capitalization of $177.4 million.
Return on equity was −59.8% and debt-to-equity 0.20.
Its Piotroski F-score is 4 out of 9 and its Altman Z-score is 0.55 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.