Canaan Inc. Sponsored ADR CAN
- Market cap
- $288.6M
- P/E
- 0.0×
Follow CAN
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| — | — | — | 4.55 | 1.76 | 4.30 | 1.87 | 1.13 | 0.72 | 0.54 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
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| — | — | — | 13.00 | 8.69 | 39.10 | 6.90 | 3.98 | 3.27 | 2.47 |
High Price
|
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| — | — | 297 | — | 248 | 346 | 541 | 445 | 463 | 399 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 2 | 1 | 0 | 1 | 1 |
Revenue/Emp
|
|||
| 48 | 194 | 409 | 204 | 69 | 783 | 652 | 211 | 269 | 530 |
Revenue
|
|||
| 40.16% | 45.51% | 18.34% | 100.00% | 8.44% | 57.17% | 35.35% | (113.86%) | (31.31%) | 7.77% |
Gross Margin
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| 9 | 59 | 30 | 204 | (33) | 322 | 88 | (465) | (172) | (207) |
EBT
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| 17.95% | 30.65% | 7.40% | 100.00% | (48.04%) | 41.12% | 13.56% | (220.12%) | (63.96%) | (39.17%) |
EBT Margin
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| 8 | 0 | 0 | 0 | (33) | 314 | 70 | (414) | (250) | (210) |
Net Income
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| 1 | 1 | 2 | 4 | 7 | 2 | 34 | 60 | 28 | 48 |
Depreciation
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| 0.00 | 1.24 | 2.61 | 1.42 | 0.44 | 4.65 | 3.82 | 1.23 | 0.99 | 1.13 |
Revenue/Sh
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| — | 0.02 | 0.01 | (1.04) | (0.21) | 1.87 | 0.41 | (2.41) | (0.92) | (0.45) |
Earnings/Sh
|
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| 0.00 | 0.09 | (0.01) | 0.00 | 0.04 | 1.34 | (1.07) | (0.72) | (0.73) | (0.58) |
Cash Flow/Sh
|
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| — | 0.00 | 0.00 | 0.00 | 0.00 | (0.03) | (0.10) | (0.01) | (0.04) | (0.05) |
Capex/Sh
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| 0.00 | 0.09 | (0.01) | 0.00 | 0.04 | 1.31 | (1.17) | (0.72) | (0.77) | (0.63) |
Free CF/Sh
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| 0.00 | 0.84 | 0.22 | 0.00 | 0.42 | 3.23 | 3.56 | 2.03 | 0.98 | 0.93 |
Book Value/Sh
|
|||
| — | 157 | 157 | 144 | 156 | 168 | 171 | 172 | 271 | 470 |
Shares
|
|||
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.97 | 4.33 | 0.00 | 0.00 | 0.00 |
PE Ratio
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| 0.00 | 0.00 | 0.00 | 0.00 | 13.52 | 1.11 | 0.51 | 1.76 | 2.07 | 0.61 |
PS Ratio
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| 9.16 | 9.16 | 9.16 | 9.16 | 13.99 | 1.60 | 0.54 | 1.07 | 2.09 | 0.74 |
PB Ratio
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| 0.00 | 0.00 | 0.00 | 0.00 | 12.58 | 0.56 | 0.36 | 1.31 | 1.80 | 0.56 |
EV/Sales
|
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| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 44.42 | (0.85) | (1.96) | (0.48) |
EV/FCF
|
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| (12) | 13 | (2) | (45) | 6 | 226 | (183) | (124) | (199) | (271) |
Op' Cash Flow
|
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| (5) | (2) | (4) | (1) | 0 | (6) | (18) | (1) | (11) | (24) |
Capex
|
|||
| (12) | 13 | (2) | (45) | 6 | 220 | (200) | (125) | (210) | (295) |
FCF
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| 29 | 128 | 30 | 94 | 64 | 500 | 480 | 228 | 155 | 302 |
Working Cap'
|
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| — | — | 153 | 22 | 6 | 3 | 1 | 0 | 26 | 53 |
Total Debt
|
|||
| (4) | (41) | 73 | (56) | (64) | (426) | (100) | (96) | (71) | (28) |
Net Debt
|
|||
| 34 | 132 | 35 | 99 | 66 | 543 | 608 | 348 | 266 | 437 |
Sh' Equity
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| 7.09% | 0.00% | 0.00% | (208.81%) | (20.78%) | 35.52% | 10.19% | (70.30%) | (52.23%) | (39.45%) |
ROA
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| 0.00% | 0.00% | 0.00% | 0.00% | (1,275.81%) | 153.74% | 6.26% | (95.41%) | (71.34%) | (15.81%) |
ROIC
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| 9.55% | 67.17% | 22.19% | 0.00% | (49.78%) | 57.84% | 11.48% | (86.66%) | (81.29%) | (59.77%) |
ROE
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Canaan Inc. Sponsored ADR peers in Computer Hardware
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NNDM Nano Dimension Ltd. | $332.7M | 0.0× | Compare |
| OSS One Stop Systems, Inc. | $235.5M | 155× | Compare |
| VELO Velo3D, Inc. | $354.3M | 0.0× | Compare |
| BGIN Bgin Blockchain Limited | $210.4M | — | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| DPRO Draganfly Inc. | $206.9M | 0.0× | Compare |
| DDD 3D Systems Corporation | $569.9M | 0.0× | Compare |
| SSYS Stratasys, Ltd. | $705.1M | 0.0× | Compare |
| AMCI AMC Robotics Corporation | $73.4M | 0.0× | Compare |
Canaan Inc. Sponsored ADR (CAN) key facts
- Canaan Inc. Sponsored ADR (CAN) is a Computer Hardware company in the Technology sector, listed on Nasdaq.
- Canaan Inc. Sponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $529.7 million, up 96.7% from fiscal 2024.
- As of September 25, 2026, CAN traded at $0.38, a market capitalization of $288.6 million.
- Return on equity was −59.8% and debt-to-equity 0.20.
Canaan Inc. Sponsored ADR (CAN) Latest News
23 Sep
August 2026 metrics show Canaan mined 44 BTC and held 10.05 EH/s of non-JV hashrate, with JV at 4.92 EH/s. The Canadian compute-heat recovery greenhouse project progressed, with equipment installation underway. The company monetized part of its digital-asset treasury, liquidating 3,952 ETH near $2,400 each and 54 BTC around $79,000 each, for about $13.9 million in cash. About $5.4 million of that was used to repurchase 13.6 million ADS, bringing total buybacks to 16.4 million ADS since the start of the year. Canaan still held 1,868 BTC at period end. Risks include bitcoin price volatility, delays in the greenhouse project, and the cash drag from buybacks. Q2 product revenue plunged to $13.6 million from $71.9 million year ago, and mining revenue fell to $17.7 million from $28.1 million. Institutional sentiment remains weak with few hedge funds holding CAN. Treasury monetization and buybacks provide some support, but ongoing mining-revenue weakness and crypto price volatility keep upside limited.
17 Sep
Falling Bitcoin prices reduce revenue from Canaan's mining products and operations. Declining Bitcoin prices cut Canaan's hardware demand and mining income.
8 Sep
Canaan Inc (CAN) Q2 2026 earnings call highlights strategic shift amid market headwinds. Earnings call details strategic adjustments to address market headwinds with moderate expected effects on operations and sentiment.
Canaan reports Q2 earnings with details on revenue, net loss, mining machine sales and future production outlook. Q2 results and guidance can shift near-term sentiment and valuation for CAN shares.
14 Jul
Bitcoin mining declined in June, reducing demand for Canaan Inc. Sponsored ADR (CAN) mining hardware and pressuring revenue. June drop in Bitcoin mining directly cuts equipment orders for Canaan.
22 May
Canaan secures Nordic Hash To Heat deal and advances into energy integrated compute, updating its valuation outlook. Nordic Hash To Heat deal and energy integrated compute push mark major strategic expansion likely to shift Canaan's trajectory and investor sentiment.
19 May
Canaan reported Q1 revenue and net loss figures, discussed Bitcoin mining hardware sales growth, highlighted new product launches including latest ASIC miners, and provided guidance on production capacity expansion amid volatile crypto markets. Q1 earnings and guidance directly affect revenue outlook, mining hardware demand, and investor sentiment for CAN stock.
Canaan Inc. (CAN) reported Q1 2026 earnings and outlined strategic shifts to address market challenges affecting its operations and competitive position. Earnings call details on strategic adjustments point to moderate effects on financial performance and market positioning without guaranteeing major trajectory changes.
Canaan Inc. released Q1 earnings results with direct comparisons of key financial metrics against Wall Street estimates. Q1 earnings metric comparisons provide updated view of financial performance that can shift near-term investor sentiment.
Canaan reports Q1 net loss and misses revenue estimates. Q1 loss combined with revenue miss directly pressures near-term financial results and share price.
28 Apr
Tether partners with Canaan Inc. and ACME Swisstech to develop modular Bitcoin mining systems using Canaan's Avalon machines for enhanced efficiency and scalability in cryptocurrency mining. Partnership with Tether validates Canaan's mining hardware and opens new revenue streams through modular systems development.
21 Apr
Canaan (CAN) emerges as the most overlooked stock among top Ethereum investments recommended for purchase now. Bullish positioning as overlooked top Ethereum stock likely drives moderate investor sentiment and short-term interest.
2 Apr
Canaan Inc. (CAN)’s February 2026 update highlights advancing energy-focused strategy and U.S. expansion. Advancing energy strategy and U.S. expansion indicate major strategic shifts poised to significantly boost competitive positioning and market performance.
20 Mar
Canaan Inc. (CAN) insiders' recent activity signals strong confidence in the company's long-term growth narrative. Insider activity boosts market sentiment and signals internal optimism for sustained growth.
25 Feb
Canaan Inc. (CAN) expands North American presence via strategic acquisition of West Texas mining projects. Strategic acquisition bolsters Canaan's mining capacity and regional footprint in a key Bitcoin mining hub.
18 Feb
Canaan Inc. (CAN) reports narrowing losses and increased Bitcoin output, raising questions on whether these developments clarify its evolving business model. Narrowing losses and rising Bitcoin output signal financial improvement and operational progress in core mining hardware business, with moderate influence on performance.
13 Feb
Canaan Inc. reported disappointing financial results, leading analysts to lower their earnings estimates for the company. The adjustments reflect concerns over Canaan's performance in the competitive cryptocurrency mining sector, where market conditions have been challenging. Investors are reacting to these changes, which may impact the company's stock performance moving forward. Analysts cutting estimates indicates a moderate influence on Canaan's financial performance and market sentiment.
10 Feb
Canaan Inc. reported its Q4 earnings, highlighting a significant increase in revenue driven by strong demand for its cryptocurrency mining hardware. The company also outlined its strategic initiatives for the upcoming year, focusing on expanding its product offerings and enhancing operational efficiency. Management expressed optimism about future growth prospects amid a recovering cryptocurrency market. The company's strategic initiatives and revenue growth indicate a significant potential impact on its future performance and market positioning.
Canaan Inc. reported record revenue in Q4 2025 despite facing market challenges. The company's performance highlights its resilience and ability to navigate a competitive landscape, showcasing strong demand for its products and services. Management emphasized strategic initiatives aimed at sustaining growth and addressing market fluctuations. Record revenue amid market challenges indicates significant strategic moves that could alter the company's trajectory.
Canaan Inc. reported its Q4 earnings, revealing key metrics that fell short of analysts' estimates. The company's revenue and earnings per share were lower than expected, raising concerns about its future performance in the competitive cryptocurrency mining sector. Despite these challenges, Canaan remains focused on innovation and expanding its product offerings to regain market confidence. Earnings results indicate potential challenges in financial performance and market sentiment, but the company's focus on innovation may mitigate long-term impacts.
6 Feb
Canaan Inc. Sponsored ADR (CAN) experienced a surge in trading on Friday, contributing to a recovery of most losses incurred throughout the week. This uptick in American Depositary Receipts (ADRs) reflects a broader trend in Asian equities traded in the US, indicating a positive shift in market sentiment. The surge in trading activity may moderately influence market sentiment and financial performance for Canaan Inc.
2 Feb
Canaan Inc. Sponsored ADR (CAN) saw an increase in trading as Asian equities listed in the US gained traction on Monday. The rise in American Depositary Receipts (ADRs) reflects a broader trend of investor interest in Asian markets, potentially signaling a shift in market dynamics. This uptick may influence investor sentiment towards companies like Canaan, which operates in the cryptocurrency and blockchain sectors. The increase in ADR trading indicates a moderately noticeable influence on market sentiment and could affect Canaan's competitive positioning.
29 Jan
Canaan Inc. Sponsored ADR (CAN) and WMMVY are compared in terms of value investment potential. Key metrics such as price-to-earnings ratios, growth prospects, and market trends are analyzed to determine which stock offers better value for investors. The analysis highlights financial performance indicators and market positioning, providing insights into the strengths and weaknesses of both companies. The comparison of value metrics indicates a moderately noticeable influence on investor sentiment and market performance.
19 Jan
Canaan Inc. is focusing on high-performance computing opportunities while maintaining a stable business in Bitcoin mining. The company aims to leverage its expertise in ASIC technology to expand into new markets and applications beyond cryptocurrency. This strategic shift is expected to enhance its growth potential and diversify revenue streams, positioning Canaan favorably in the evolving tech landscape. The strategic focus on high-performance computing represents a significant shift that could alter the company's growth trajectory and market positioning.
15 Jan
Canaan Inc. reported a record $150 million in quarterly revenue, driven by strong demand for its new Avalon A16 miners. The company also highlighted its growing Bitcoin treasury during a recent conference, indicating a strategic focus on enhancing its market position in the cryptocurrency mining sector. The significant revenue growth and new product launch are likely to enhance Canaan's competitive positioning and investor sentiment.
12 Jan
Canaan Inc. announced the successful completion of a 3.0 MW proof-of-concept project, showcasing its advanced ASIC mining technology. This project is expected to enhance the company's growth momentum and strengthen its position in the cryptocurrency mining sector. The positive results from the project may attract further investment and interest in Canaan's products, potentially leading to increased market share. The proof-of-concept project represents a significant strategic move that could enhance Canaan's competitive position in the cryptocurrency mining market.
7 Jan
Canaan Inc. has experienced significant share price volatility recently, prompting a reassessment of its valuation. Factors influencing this volatility include market trends in cryptocurrency mining, competition, and the company's financial performance. Analysts are evaluating the potential for recovery and growth, considering both short-term fluctuations and long-term prospects in the evolving market landscape. Market trends and competition in cryptocurrency mining are expected to moderately influence Canaan's financial performance and competitive positioning.
5 Jan
Canaan Inc. Sponsored ADR (CAN) saw an increase in trading as Asian equities listed in the US gained traction on Monday. The rise in American Depositary Receipts (ADRs) reflects a broader trend in the market, indicating growing investor interest in Asian companies. This uptick may signal a shift in market dynamics, potentially benefiting companies like Canaan that are involved in the technology and cryptocurrency sectors. The increase in ADR trading suggests a moderately noticeable influence on market sentiment and could impact Canaan's financial performance.
27 Dec
Canaan Inc. is receiving positive analyst support as it expands its Bitcoin (BTC) operations and opens new facilities. The company's strategic moves are expected to enhance its market position and operational capacity in the cryptocurrency mining sector, aligning with the growing demand for Bitcoin mining solutions. Expansion into new facilities and BTC operations is likely to significantly impact Canaan's future performance and market positioning.
24 Dec
Canaan Inc. Sponsored ADR (CAN) experienced a decline in trading as Asian equities listed in the US faced downward pressure on Wednesday. The overall market sentiment was affected by various factors, including economic data and investor concerns regarding global growth. Canaan, a key player in the cryptocurrency mining sector, is navigating a challenging environment as it seeks to maintain its market position amidst fluctuating demand for mining hardware. Canaan's performance is moderately influenced by broader market trends and investor sentiment in the cryptocurrency sector.