Saturday 17 October 2026
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Canaan Inc. Sponsored ADR
CAN Technology Computer Hardware
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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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Jan '22 | Dec '21 | Jan '21 | Dec '20 | Jan '20 | Dec '19 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 4 | 2 | 3 | — | — | — | — | — | — |
P/E ratio |
0.00 | 0.00 | 0.00 | 4.33 | 3.03 | 2.97 | 0.00 | 0.00 | 0.00 | 0.00 |
Altman Z-Score |
0.55 | (0.27) | (0.57) | 5.16 | — | 4.36 | — | 4.50 | — | — |
P/S ratio |
0.61 | 2.07 | 1.76 | 0.51 | 1.13 | 1.11 | 15.23 | 13.52 | 0.00 | 0.00 |
Altman Z″-Score (non-manufacturers) |
1.33 | (2.79) | (1.14) | 14.28 | — | 8.03 | — | (2.03) | — | — |
P/FCF ratio |
0.00 | 0.00 | 0.00 | 63.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Beneish M-Score |
(3.86) | — | — | — | — | 7.63 | — | — | — | — |
P/Operating CF |
(1.19) | (18.70) | (9.63) | (1.81) | 3.91 | 3.83 | 161.18 | 143.09 | (20.25) | (20.52) |
P/B ratio |
0.74 | 2.09 | 1.07 | 0.54 | 1.63 | 1.60 | 15.76 | 13.99 | 9.04 | 9.16 |
Price to Tangible BV |
0.74 | 2.10 | 1.07 | 0.54 | 1.63 | 1.60 | 15.76 | 13.99 | 9.04 | 9.16 |
EV/Sales |
0.56 | 1.80 | 1.31 | 0.36 | 0.59 | 0.56 | 14.29 | 12.58 | 0.00 | 0.00 |
EV/EBITDA |
0.00 | 0.00 | 0.00 | 4.59 | 1.60 | 1.54 | 31.70 | 27.91 | 0.00 | 0.00 |
EV/Operating CF |
(0.53) | (2.04) | (0.90) | 44.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/FCF |
(0.48) | (1.96) | (0.85) | 44.42 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Quick Ratio |
1.17 | 0.83 | 0.73 | 1.35 | 0.00 | 1.31 | 1.44 | 0.79 | 0.94 | — |
Current Ratio |
3.31 | 1.87 | 2.69 | 7.38 | 7.30 | 2.53 | 2.53 | 1.70 | 1.70 | — |
Net Debt/EBITDA |
0.49 | 0.36 | 0.29 | (1.18) | 0.00 | (1.47) | 0.00 | 2.01 | 1.82 | 0.00 |
Debt/Assets |
8.82% | 5.54% | 0.04% | 0.21% | 0.00% | 0.29% | 0.00% | 3.67% | 6.24% | 0.00% |
Debt/Equity |
0.12 | 0.10 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.09 | 0.15 | — |
Asset Turnover |
0.99 | 0.56 | 0.36 | 0.83 | 0.00 | 1.50 | 0.00 | 0.46 | 0.00 | 2.87 |
Operating CF/Net income |
1.29 | 0.80 | 0.30 | (2.61) | (3.49) | 0.72 | 0.73 | (0.20) | (0.26) | 0.00 |
Capex/Depreciation |
(0.50) | (0.37) | (0.02) | (0.53) | 0.00 | (2.66) | 0.00 | (0.03) | 0.00 | — |
Interest Coverage |
(52.72) | (428.10) | — | — | 0.00 | — | 0.00 | (70.74) | (56.44) | — |
| (59.77%) | (81.29%) | (86.66%) | 12.15% | 0.00% | 103.08% | 0.00% | (39.77%) | 0.00% | 0.00% | |
| (39.45%) | (52.23%) | (70.30%) | 8.91% | 0.00% | 60.21% | 0.00% | (21.89%) | 0.00% | (208.81%) | |
ROIC |
(15.81%) | (71.34%) | (95.41%) | 6.26% | 0.00% | 153.74% | 0.00% | (1,275.81%) | 0.00% | 0.00% |
Return on Tangible Assets |
(60.73%) | (127.68%) | (160.55%) | 12.35% | 12.77% | 59.29% | 58.06% | (50.38%) | (46.18%) | 0.00% |
Average Days of Receivables |
49.60 | 70.53 | 5.17 | 0.00 | 0.00 | 0.03 | 20.37 | 5.81 | 86.49 | 0.00 |
Research and Development Expense of Revenue |
11.92% | 22.77% | 30.66% | 12.55% | 12.35% | 6.67% | 6.62% | 31.28% | 30.42% | 0.00% |
Selling, General and Administrative Expense of Revenue |
15.41% | 28.74% | 37.56% | 15.00% | 14.02% | 13.83% | 13.68% | 33.86% | 32.13% | 0.00% |
Intangible Assets out of Total Assets |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Share Based Compensation of Revenue |
4.30% | 11.48% | 19.90% | 9.67% | 0.00% | 9.86% | 0.00% | 0.66% | 0.00% | 0.00% |
Graham Net Nets |
0.83 | 0.25 | 0.59 | 1.44 | 0.55 | 0.56 | 0.06 | 0.07 | 0.10 | 0.10 |
Graham Number |
0.00 | 0.00 | 0.00 | 5.99 | 13.24 | 11.21 | 0.00 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(69.57%) | (44.39%) | (111.11%) | 23.10% | 32.98% | 33.62% | (3.07%) | (3.46%) | (12.62%) | (12.46%) |
Free Cash Flow Yield |
(191.25%) | (44.49%) | (87.50%) | 1.59% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Revenue per Share |
1.13 | 0.99 | 1.23 | 3.82 | 3.81 | 4.65 | 4.60 | 0.44 | 0.41 | 1.42 |
Operating CF per Share |
(0.58) | (0.73) | (0.72) | (1.07) | (1.48) | 1.34 | 1.34 | 0.04 | 0.05 | 0.00 |
Capex per Share |
(0.05) | (0.04) | (0.01) | (0.10) | 0.00 | (0.03) | 0.00 | 0.00 | 0.00 | 0.00 |
Free Cash Flow per Share |
(0.63) | (0.77) | (0.72) | (1.17) | (1.48) | 1.31 | 1.34 | 0.04 | 0.05 | 0.00 |
Cash per Share |
0.17 | 0.36 | 0.56 | 0.60 | 0.60 | 2.55 | 2.55 | 0.45 | 0.45 | 0.00 |
Shareholders Equity per Share |
0.93 | 0.98 | 2.03 | 3.56 | 3.57 | 3.23 | 3.23 | 0.42 | 0.42 | 0.00 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
0.93 | 0.98 | 2.03 | 3.56 | 3.57 | 3.23 | 3.23 | 0.42 | 0.42 | 0.00 |
Free Cash Flow |
(295.14) | (209.78) | (124.64) | (200.35) | (251.97) | 219.89 | 225.26 | 6.25 | 8.08 | — |
Working Capital |
302.20 | 155.45 | 228.49 | 480.46 | 475.18 | 500.32 | 500.26 | 63.56 | 63.42 | — |
Capital Expenditures |
(23.93) | (10.52) | (1.02) | (17.74) | (14.13) | (5.89) | (5.85) | (0.23) | (0.32) | — |
Net Current Asset Value |
267.77 | 137.26 | 218.57 | 478.42 | 473.13 | 486.44 | 486.38 | 61.82 | 61.68 | — |
EV/EBIT |
0.00 | 0.00 | 0.00 | 4.59 | 1.60 | 1.54 | 0.00 | 0.00 | 0.00 | 0.00 |
Capex to Sales |
0.05 | 0.04 | 0.00 | 0.03 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Operating Income |
0.00 | 0.00 | 0.00 | 6.52 | 3.08 | 3.02 | 33.78 | 29.99 | 0.00 | 0.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
1.08 | 0.71 | 2.02 | 0.39 | 0.40 | 0.08 | 0.13 | 3.66 | 0.90 | — |
Cash ROIC |
(51.66%) | (54.01%) | (28.04%) | (28.19%) | 0.00% | 22.58% | 0.00% | 4.39% | 5.53% | — |
Accounts Receivable Turnover |
8.54 | 9.79 | 5.60 | 0.00 | 0.00 | 1,360.91 | 0.00 | 5.65 | 0.00 | 0.00 |
Accounts Payable Turnover |
24.69 | 34.98 | 39.42 | 21.49 | 0.00 | 23.74 | 0.00 | 6.30 | 0.00 | — |
Inventory Turnover |
3.55 | 2.99 | 2.56 | 2.48 | 0.00 | 4.14 | 0.00 | 2.00 | 0.00 | — |
Average Days of Payables |
19.12 | 14.42 | 5.04 | 14.47 | 14.44 | 24.51 | 24.70 | 33.31 | 34.18 | — |
Days of Inventory on Hand |
135.08 | 97.66 | 114.83 | 183.38 | 320.05 | 138.82 | 385.70 | 200.81 | 206.09 | — |
Average Receivables |
62.01 | 27.52 | 37.77 | — | 36.30 | 0.58 | 22.12 | 12.15 | 19.29 | — |
Average Payables |
19.79 | 10.11 | 11.47 | 19.61 | 19.62 | 14.12 | 14.12 | 9.98 | 9.97 | — |
Average Inventory |
137.72 | 118.45 | 176.96 | 169.56 | 249.25 | 81.02 | 193.03 | 31.36 | 31.32 | — |
Average Assets |
532.95 | 478.15 | 589.13 | 784.39 | 785.28 | 521.33 | 521.28 | 150.58 | 150.40 | 71.16 |
Average Common Equity |
351.81 | 307.22 | 477.93 | 575.21 | 576.03 | 304.52 | 304.49 | 82.88 | 82.80 | — |
Columns are period end dates