Symbols / CAN $0.41 +0.17% Canaan Inc.

Technology • Computer Hardware • Singapore • NGM
CAN Chart
About

Canaan Inc. engages in the research and development, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of edge computing chip products, as well as mining business. The company has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Georgia, Paraguay, Thailand, Indonesia, Australia, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.

Fundamentals
Scroll to Statements
Sector Technology Industry Computer Hardware Market Cap 281.38M
Enterprise Value 4.10B Income -210.27M Sales 529.74M
Book/sh 0.66 Cash/sh 0.01 Dividend Yield —
Payout 0.00% Employees — IPO —
P/E — Forward P/E -11.85 PEG —
P/S 0.53 P/B 0.63 P/C —
EV/EBITDA -54.46 EV/Sales 7.73 Quick Ratio 1.17
Current Ratio 3.31 Debt/Eq 12.55 LT Debt/Eq —
EPS (ttm) -0.45 EPS next Y -0.04 EPS Growth —
Revenue Growth 121.10% Earnings 2026-05-13 ROA -12.15%
ROE -59.77% ROIC — Gross Margin 7.77%
Oper. Margin -7.56% Profit Margin -39.69% Shs Outstand 641.84M
Shs Float 7.47B Short Float 9.32% Short Ratio 4.83
Short Interest — 52W High 2.22 52W Low 0.39
Beta 2.47 Avg Volume 14.58M Volume 4.35M
Target Price $2.05 Recom Strong_buy Prev Close $0.41
Price $0.41 Change 0.17%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$2.05
Mean price target
2. Current target
$0.41
Latest analyst target
3. DCF / Fair value
$2.05
Proxy: analyst mean price target (no FCF/EPS data available).
Ratings
Current target
$0.41
Low
$1.50
High
$3.00
Mean
$2.05

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-16 main Rosenblatt Buy → Buy $2
2026-02-24 main Rosenblatt Buy → Buy $2
2026-02-11 main Benchmark Buy → Buy $2
2026-02-11 main Rosenblatt Buy → Buy $2
2026-02-11 reit BTIG Buy → Buy $3
2026-02-09 main Rosenblatt Buy → Buy $3
2026-01-15 main Rosenblatt Buy → Buy $4
2025-12-15 main Rosenblatt Buy → Buy $4
2025-12-08 init BTIG — → Buy $3
2025-11-21 main B. Riley Securities Buy → Buy $3
2025-11-19 main Rosenblatt Buy → Buy $4
2025-10-29 main Rosenblatt Buy → Buy $4
2025-10-23 main Benchmark Buy → Buy $4
2025-10-14 main Rosenblatt Buy → Buy $4
2025-10-14 reit BTIG Buy → Buy $8
2025-10-13 main Rosenblatt Buy → Buy $4
2025-09-12 main Rosenblatt Buy → Buy $4
2025-08-29 main Rosenblatt Buy → Buy $4
2025-08-15 main Rosenblatt Buy → Buy $4
2025-07-10 main B. Riley Securities Buy → Buy $2
News
RSS: Latest CAN news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Revenue
269.32
+27.35%
211.48
-67.54%
651.53
-15.69%
772.76
Operating Revenue
267.25
+26.75%
210.85
-67.63%
651.42
-15.56%
771.50
Cost Of Revenue
353.64
-21.80%
452.26
+7.36%
421.24
+27.26%
331.00
Reconciled Cost Of Revenue
353.64
-21.80%
452.26
+7.36%
421.24
+27.26%
331.00
Gross Profit
-84.32
+64.98%
-240.78
-204.56%
230.29
-47.87%
441.76
Operating Expense
138.72
-3.84%
144.27
-19.61%
179.47
+13.03%
158.78
Research And Development
61.32
-5.43%
64.84
-20.68%
81.75
+56.70%
52.17
Selling General And Administration
77.40
-2.55%
79.42
-18.72%
97.72
-8.34%
106.61
Selling And Marketing Expense
5.71
-30.18%
8.18
-13.15%
9.41
-39.48%
15.55
General And Administrative Expense
71.69
+0.62%
71.25
-19.31%
88.30
-3.03%
91.06
Other Gand A
71.69
+0.62%
71.25
-19.31%
88.30
-3.03%
91.06
Total Expenses
492.37
-17.46%
596.53
-0.70%
600.71
+22.65%
489.79
Operating Income
-223.04
+42.07%
-385.05
-857.72%
50.82
-82.04%
282.97
Total Operating Income As Reported
-227.13
+44.72%
-410.88
-1056.94%
42.94
-84.83%
282.97
EBITDA
-143.33
+64.68%
-405.85
-432.60%
122.02
-57.21%
285.16
Normalized EBITDA
-183.26
+43.13%
-322.21
-457.33%
90.17
-64.42%
253.41
Reconciled Depreciation
28.42
-52.35%
59.64
+77.03%
33.69
+1439.01%
2.19
EBIT
-171.75
+63.10%
-465.49
-626.97%
88.33
-68.78%
282.97
Total Unusual Items
39.93
+147.74%
-83.64
-362.61%
31.85
+0.31%
31.75
Total Unusual Items Excluding Goodwill
39.93
+147.74%
-83.64
-362.61%
31.85
+0.31%
31.75
Special Income Charges
-4.09
+84.17%
-25.83
-227.82%
-7.88
0.00
Impairment Of Capital Assets
11.30
-56.24%
25.83
+227.82%
7.88
0.00
Write Off
0.00
-100.00%
4.71
-40.28%
7.88
—
Net Income
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Pretax Income
-172.27
+62.99%
-465.49
-626.97%
88.33
-72.12%
316.85
Net Non Operating Interest Income Expense
0.01
-98.43%
0.96
-59.70%
2.37
+109.36%
1.13
Interest Expense Non Operating
0.52
0.00
0.00
0.00
Net Interest Income
0.01
-98.43%
0.96
-59.70%
2.37
+109.36%
1.13
Interest Expense
0.52
0.00
0.00
0.00
Interest Income Non Operating
0.54
-43.93%
0.96
-59.70%
2.37
+109.36%
1.13
Interest Income
0.54
-43.93%
0.96
-59.70%
2.37
+109.36%
1.13
Other Income Expense
50.76
+162.36%
-81.40
-331.61%
35.15
+7.33%
32.74
Other Non Operating Income Expenses
10.83
+383.57%
2.24
-32.02%
3.29
+231.82%
0.99
Gain On Sale Of Security
44.01
+176.14%
-57.81
-245.50%
39.73
+25.13%
31.75
Tax Provision
77.48
+250.92%
-51.34
-378.27%
18.45
+137.60%
7.76
Tax Rate For Calcs
0.00
+90.91%
0.00
-45.81%
0.00
+745.83%
0.00
Tax Effect Of Unusual Items
8.38
+191.13%
-9.20
-242.30%
6.47
+748.47%
0.76
Net Income Including Noncontrolling Interests
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Net Income From Continuing Operation Net Minority Interest
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Net Income From Continuing And Discontinued Operation
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Net Income Continuous Operations
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Normalized Income
-281.29
+17.20%
-339.71
-863.41%
44.50
-84.00%
278.10
Net Income Common Stockholders
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Diluted EPS
-0.92
+61.83%
-2.41
-534.01%
0.56
-69.84%
1.84
Basic EPS
-0.92
+61.83%
-2.41
-530.97%
0.56
-70.05%
1.87
Basic Average Shares
271.49
+57.89%
171.95
+0.75%
170.67
+1.52%
168.11
Diluted Average Shares
271.49
+57.89%
171.95
+0.05%
171.86
+0.78%
170.53
Diluted NI Availto Com Stockholders
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Gain On Sale Of PPE
7.21
0.00
0.00
—
Other Taxes
—
—
—
0.00
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Total Assets
463.01
-6.14%
493.30
-27.98%
684.96
-22.48%
883.62
Current Assets
334.02
-8.16%
363.68
-34.56%
555.71
-32.83%
827.33
Cash Cash Equivalents And Short Term Investments
96.49
+0.35%
96.15
-5.31%
101.55
-75.89%
421.13
Cash And Cash Equivalents
96.49
+0.35%
96.15
-5.31%
101.55
-75.89%
421.13
Cash Equivalents
96.49
+0.35%
96.15
-5.31%
101.55
-75.89%
421.13
Other Short Term Investments
—
—
—
0.00
Receivables
114.66
+96.33%
58.40
-19.34%
72.40
+67.83%
43.14
Accounts Receivable
1.51
-49.48%
3.00
0.00
-100.00%
0.06
Other Receivables
50.52
—
—
—
Taxes Receivable
62.62
+13.03%
55.40
-23.48%
72.40
+68.05%
43.08
Inventory
94.62
-33.50%
142.29
-32.77%
211.64
+66.06%
127.45
Raw Materials
56.52
-40.54%
95.06
-16.10%
113.31
+68.27%
67.34
Work In Process
5.57
-64.99%
15.90
-57.65%
37.54
+205.37%
12.29
Finished Goods
32.53
+3.85%
31.32
-48.48%
60.80
+27.14%
47.82
Prepaid Assets
21.00
-58.02%
50.02
-69.13%
162.02
-28.54%
226.73
Current Deferred Assets
3.81
-49.54%
7.55
+22.38%
6.17
0.00
Restricted Cash
—
—
0.00
-100.00%
7.43
Other Current Assets
3.45
-62.80%
9.27
+378.82%
1.94
+34.13%
1.44
Total Non Current Assets
128.99
-0.48%
129.62
+0.29%
129.25
+129.61%
56.29
Net PPE
43.66
+40.13%
31.16
-65.23%
89.60
+163.81%
33.96
Gross PPE
115.60
-1.41%
117.26
-5.88%
124.59
+229.56%
37.80
Accumulated Depreciation
-71.94
+16.44%
-86.10
-146.09%
-34.99
-810.79%
-3.84
Properties
0.00
0.00
0.00
0.00
Land And Improvements
0.12
0.00
—
—
Machinery Furniture Equipment
15.88
+9.76%
14.47
+16.23%
12.45
+23.34%
10.09
Construction In Progress
9.98
0.00
0.00
-100.00%
0.10
Other Properties
84.57
-12.83%
97.02
-9.61%
107.34
+342.62%
24.25
Leases
5.05
-12.49%
5.77
+20.12%
4.80
+43.04%
3.36
Goodwill And Other Intangible Assets
0.90
0.00
—
—
Other Intangible Assets
0.90
—
—
—
Investments And Advances
2.78
-1.49%
2.82
-1.67%
2.87
-8.47%
3.14
Non Current Accounts Receivable
19.06
—
—
—
Non Current Deferred Assets
0.29
-99.56%
66.81
+207.31%
21.74
+39.91%
15.54
Non Current Deferred Taxes Assets
0.29
-99.56%
66.81
+207.31%
21.74
+39.91%
15.54
Non Current Prepaid Assets
—
0.49
-80.59%
2.50
+439.94%
0.46
Other Non Current Assets
62.30
+116.10%
28.83
+130.05%
12.53
+293.27%
3.19
Total Liabilities Net Minority Interest
196.76
+35.59%
145.11
+87.74%
77.30
-77.33%
341.00
Current Liabilities
178.57
+32.08%
135.19
+79.64%
75.26
-76.99%
327.12
Payables And Accrued Expenses
49.45
+30.46%
37.91
-28.14%
52.75
-51.10%
107.87
Payables
49.45
+30.46%
37.91
-28.14%
52.75
-51.10%
107.87
Accounts Payable
13.97
+123.78%
6.25
-62.61%
16.70
-25.78%
22.50
Other Payable
22.70
+15.33%
19.68
-5.13%
20.74
+11.38%
18.62
Total Tax Payable
12.78
+6.69%
11.98
-21.71%
15.30
-77.07%
66.74
Income Tax Payable
10.93
+209.34%
3.53
-51.11%
7.23
-69.02%
23.33
Current Debt And Capital Lease Obligation
17.89
+1371.63%
1.22
-47.45%
2.31
-0.47%
2.32
Current Debt
16.66
—
—
—
Other Current Borrowings
16.66
—
—
—
Current Capital Lease Obligation
1.24
+1.73%
1.22
-47.45%
2.31
-0.47%
2.32
Current Deferred Liabilities
37.11
+38.49%
26.80
+3948.19%
0.66
-99.69%
210.34
Current Deferred Revenue
37.11
+38.49%
26.80
+3948.19%
0.66
-99.69%
210.34
Other Current Liabilities
73.53
+54.18%
47.69
+588.83%
6.92
+84.14%
3.76
Total Non Current Liabilities Net Minority Interest
18.19
+83.40%
9.92
+386.37%
2.04
-85.31%
13.88
Long Term Debt And Capital Lease Obligation
8.98
+4176.19%
0.21
-85.43%
1.44
-43.62%
2.56
Long Term Debt
7.28
—
—
—
Long Term Capital Lease Obligation
1.70
+710.00%
0.21
-85.43%
1.44
-43.62%
2.56
Non Current Deferred Liabilities
9.21
+0.18%
9.19
0.00
—
Non Current Deferred Revenue
9.05
-1.48%
9.19
0.00
—
Non Current Deferred Taxes Liabilities
0.15
0.00
—
—
Other Non Current Liabilities
—
0.52
-13.71%
0.60
-34.55%
0.91
Stockholders Equity
266.25
-23.53%
348.19
-42.70%
607.67
+11.99%
542.62
Common Stock Equity
266.25
-23.53%
348.19
-42.70%
607.67
+11.99%
542.62
Capital Stock
0.00
0.00
0.00
-100.00%
0.00
Common Stock
0.00
0.00
0.00
-100.00%
0.00
Share Issued
5,593.44
+48.29%
3,772.08
+34.52%
2,804.14
+0.00%
2,804.14
Ordinary Shares Number
5,364.16
+52.61%
3,514.97
+40.82%
2,496.00
-3.16%
2,577.39
Treasury Shares Number
229.28
-10.82%
257.11
-16.56%
308.14
+35.89%
226.75
Additional Paid In Capital
816.36
+24.85%
653.86
+32.84%
492.22
+8.52%
453.58
Retained Earnings
-450.49
-105.11%
-219.63
-212.91%
194.52
+54.34%
126.03
Gains Losses Not Affecting Retained Earnings
-42.56
-46.84%
-28.99
-31.63%
-22.02
-3015.74%
-0.71
Treasury Stock
57.05
+0.00%
57.05
+0.00%
57.05
+57.24%
36.28
Other Equity Adjustments
-42.56
-46.84%
-28.99
-31.63%
-22.02
-3015.74%
-0.71
Total Equity Gross Minority Interest
266.25
-23.53%
348.19
-42.70%
607.67
+11.99%
542.62
Total Capitalization
273.53
-21.44%
348.19
-42.70%
607.67
+11.99%
542.62
Working Capital
155.45
-31.96%
228.49
-52.44%
480.46
-3.95%
500.21
Invested Capital
290.19
-16.66%
348.19
-42.70%
607.67
+11.99%
542.62
Total Debt
26.88
+1784.64%
1.43
-62.02%
3.75
-23.07%
4.88
Capital Lease Obligations
2.94
+106.03%
1.43
-62.02%
3.75
-23.07%
4.88
Net Tangible Assets
265.35
-23.79%
348.19
-42.70%
607.67
+11.99%
542.62
Tangible Book Value
265.35
-23.79%
348.19
-42.70%
607.67
+11.99%
542.62
Current Notes Payable
—
—
—
0.00
Current Provisions
0.58
-97.30%
21.58
+71.22%
12.61
+345.76%
2.83
Derivative Product Liabilities
—
—
0.00
-100.00%
10.41
Investmentin Financial Assets
2.78
-1.49%
2.82
-1.67%
2.87
-8.47%
3.14
Line Of Credit
—
—
—
0.00
Other Equity Interest
—
—
-0.00
+7.61%
-0.00
Line Item Trend 2024-12-31 2023-12-31 2022-12-31 2021-12-31
Operating Cash Flow
-199.26
-61.19%
-123.62
+32.30%
-182.60
-190.27%
202.28
Cash Flow From Continuing Operating Activities
-199.26
-61.19%
-123.62
+32.30%
-182.60
-190.27%
202.28
Net Income From Continuing Operations
-249.75
+39.70%
-414.15
-692.63%
69.88
-77.39%
309.09
Depreciation Amortization Depletion
28.42
-52.35%
59.64
+77.03%
33.69
+1439.01%
2.19
Depreciation
28.26
-52.62%
59.64
+77.03%
33.69
+1439.01%
2.19
Amortization Cash Flow
0.16
0.00
0.00
—
Depreciation And Amortization
28.42
-52.35%
59.64
+77.03%
33.69
+1439.01%
2.19
Amortization Of Intangibles
0.16
0.00
0.00
—
Other Non Cash Items
-112.16
-104.26%
-54.91
-104.56%
-26.84
-763.71%
-3.11
Stock Based Compensation
30.92
-26.52%
42.07
-33.23%
63.02
-17.62%
76.50
Provisionand Write Offof Assets
2.98
-69.66%
9.83
-9.84%
10.90
+7524.48%
0.14
Asset Impairment Charge
113.77
-45.51%
208.78
+125.74%
92.49
+756.67%
10.80
Deferred Tax
73.08
+259.97%
-45.69
-486.39%
-7.79
+49.24%
-15.35
Deferred Income Tax
73.08
+259.97%
-45.69
-486.39%
-7.79
+49.24%
-15.35
Operating Gains Losses
-12.80
+16.98%
-15.42
-837.90%
-1.64
+27.58%
-2.27
Gain Loss On Investment Securities
-17.61
—
-3.57
-8002.93%
-0.04
Unrealized Gain Loss On Investment Securities
30.15
-56.99%
70.12
+1947.62%
-3.79
+87.12%
-29.47
Net Foreign Currency Exchange Gain Loss
12.02
+229.22%
-9.30
-363.48%
-2.01
+10.12%
-2.23
Gain Loss On Sale Of PPE
-7.21
-17.95%
-6.12
-1785.12%
0.36
+5085.71%
0.01
Change In Working Capital
-103.86
-744.71%
16.11
+103.91%
-412.50
-182.09%
-146.23
Change In Receivables
0.10
+103.22%
-3.01
-5291.38%
0.06
-94.52%
1.06
Changes In Account Receivables
0.10
+103.22%
-3.01
-5291.38%
0.06
-94.52%
1.06
Change In Inventory
-129.27
-4.52%
-123.68
+46.73%
-232.16
-99.88%
-116.15
Change In Prepaid Assets
43.32
-64.63%
122.47
+274.20%
-70.30
+62.78%
-188.89
Change In Payables And Accrued Expense
-18.43
-145.67%
-7.50
-108.07%
92.90
+220.68%
28.97
Change In Accrued Expense
-26.24
-514.37%
6.33
-89.50%
60.29
+254.03%
17.03
Change In Payable
7.81
+156.46%
-13.83
-142.42%
32.61
+173.10%
11.94
Change In Account Payable
7.22
+170.55%
-10.24
-121.66%
47.26
+730.04%
-7.50
Change In Other Working Capital
4.80
-74.76%
19.03
+109.57%
-198.73
-250.08%
132.41
Change In Other Current Assets
-1.76
-187.55%
2.01
+198.82%
-2.03
-3177.42%
-0.06
Change In Other Current Liabilities
-2.62
-138.61%
6.80
+404.89%
-2.23
+37.55%
-3.57
Investing Cash Flow
60.97
+53.86%
39.63
+589.05%
-8.10
-1055.54%
0.85
Cash Flow From Continuing Investing Activities
60.97
+53.86%
39.63
+589.05%
-8.10
-1055.54%
0.85
Net PPE Purchase And Sale
-10.52
-934.51%
-1.02
+94.27%
-17.75
-215.75%
-5.62
Purchase Of PPE
-19.30
-482.85%
-3.31
+81.34%
-17.75
-214.35%
-5.64
Sale Of PPE
8.78
+282.70%
2.29
0.00
-100.00%
0.03
Capital Expenditure
-19.30
-482.85%
-3.31
+81.34%
-17.75
-214.35%
-5.64
Net Investment Purchase And Sale
—
0.00
0.00
-100.00%
6.47
Purchase Of Investment
—
0.00
0.00
+100.00%
-3.14
Sale Of Investment
—
0.00
0.00
-100.00%
9.61
Net Intangibles Purchase And Sale
71.49
+75.90%
40.65
+321.54%
9.64
0.00
Financing Cash Flow
139.75
+55.27%
90.00
+260.21%
-56.18
-140.35%
139.22
Cash Flow From Continuing Financing Activities
139.75
+55.27%
90.00
+260.21%
-56.18
-140.35%
139.22
Net Issuance Payments Of Debt
9.94
0.00
0.00
+100.00%
-5.49
Issuance Of Debt
9.94
0.00
0.00
0.00
Repayment Of Debt
—
0.00
0.00
+100.00%
-5.49
Long Term Debt Issuance
9.94
0.00
0.00
0.00
Long Term Debt Payments
—
0.00
0.00
+100.00%
-5.49
Net Long Term Debt Issuance
9.94
0.00
0.00
+100.00%
-5.49
Net Common Stock Issuance
0.77
-98.87%
67.85
+351.46%
-26.98
-118.06%
149.43
Common Stock Payments
0.00
0.00
+100.00%
-37.38
-130.81%
-16.20
Repurchase Of Capital Stock
0.00
0.00
+100.00%
-37.38
-130.81%
-16.20
Proceeds From Stock Option Exercised
0.00
0.00
+100.00%
-6.61
0.00
Net Other Financing Charges
-0.77
+68.26%
-2.42
+89.28%
-22.59
-378.19%
-4.72
Changes In Cash
1.46
-75.75%
6.01
+102.44%
-246.88
-172.11%
342.35
Effect Of Exchange Rate Changes
-1.12
+90.15%
-11.41
+85.74%
-80.02
-414.49%
25.45
Beginning Cash Position
96.15
-5.31%
101.55
-76.30%
428.45
+606.31%
60.66
End Cash Position
96.49
+0.35%
96.15
-5.31%
101.55
-76.30%
428.45
Free Cash Flow
-218.57
-72.19%
-126.93
+36.64%
-200.35
-201.89%
196.64
Interest Paid Supplemental Data
0.37
0.00
0.00
-100.00%
0.04
Income Tax Paid Supplemental Data
0.05
-98.19%
2.88
-93.67%
45.42
+66695.59%
0.07
Change In Income Tax Payable
0.59
+116.35%
-3.60
+75.46%
-14.65
-167.90%
21.58
Change In Tax Payable
0.59
+116.35%
-3.60
+75.46%
-14.65
-167.90%
21.58
Common Stock Issuance
0.77
-98.87%
67.85
+552.59%
10.40
-93.72%
165.63
Issuance Of Capital Stock
130.58
+41.28%
92.42
+788.96%
10.40
-93.72%
165.63
Net Preferred Stock Issuance
129.81
+428.22%
24.57
0.00
0.00
Preferred Stock Issuance
129.81
+428.22%
24.57
0.00
0.00
Sale Of Intangibles
71.49
+75.90%
40.65
+321.54%
9.64
0.00
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