See more : Franco-Nevada Corporation (FNV.TO) Income Statement Analysis – Financial Results
Complete financial analysis of Canaan Inc. (CAN) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Canaan Inc., a leading company in the Computer Hardware industry within the Technology sector.
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Canaan Inc. (CAN)
About Canaan Inc.
Canaan Inc. engages in the research, 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 artificial intelligence products, as well as mining business. The company has operations in the United States, Australia, Kazakhstan, Canada, Indonesia, Mainland China, Malaysia, Thailand, Cyprus, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Revenue | 211.48M | 656.32M | 771.14M | 68.58M | 1.42B | 2.71B | 1.31B |
| Cost of Revenue | 452.26M | 424.34M | 330.31M | 62.80M | 1.94B | 2.20B | 703.70M |
| Gross Profit | -240.78M | 231.98M | 440.83M | 5.79M | -516.00M | 508.12M | 604.38M |
| Gross Profit Ratio | -113.86% | 35.35% | 57.17% | 8.44% | -36.27% | 18.78% | 46.20% |
| Research & Development | 64.85M | 82.36M | 52.06M | 21.45M | 168.98M | 189.68M | 99.77M |
| General & Administrative | 71.25M | 88.73M | 90.87M | 20.09M | 347.03M | 146.68M | 125.26M |
| Selling & Marketing | 8.18M | 9.48M | 15.52M | 3.06M | 21.92M | 38.73M | 20.72M |
| SG&A | 79.42M | 98.43M | 106.39M | 23.22M | 369.55M | 185.42M | 145.99M |
| Other Expenses | 25.83M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 170.10M | 145.39M | 125.82M | 39.56M | 505.38M | 262.20M | 209.26M |
| Cost & Expenses | 622.36M | 569.72M | 456.13M | 102.36M | 2.44B | 2.46B | 912.96M |
| Interest Income | 956.00K | 2.39M | 1.17M | 828.76K | 13.13M | 45.67M | 5.84M |
| Interest Expense | 0.00 | 0.00 | 0.00 | 549.03K | 2.86M | 7.71M | 0.00 |
| Depreciation & Amortization | 59.64M | 33.94M | 2.18M | 4.79M | 34.16M | 13.14M | 9.08M |
| EBITDA | -330.11M | 84.51M | 285.16M | -34.11M | -1.02B | 38.73M | 62.81M |
| EBITDA Ratio | -156.10% | 11.76% | 36.90% | -49.73% | -71.64% | 9.48% | 31.08% |
| Operating Income | -410.88M | 43.25M | 282.38M | -38.89M | -1.05B | 243.26M | 397.44M |
| Operating Income Ratio | -194.29% | 6.59% | 36.62% | -56.71% | -74.04% | 8.99% | 30.38% |
| Total Other Income/Expenses | -54.61M | 46.05M | 33.81M | 5.94M | 904.71M | 9.77M | 345.85M |
| Income Before Tax | -465.49M | 88.98M | 316.19M | -32.95M | -1.03B | 200.24M | 400.97M |
| Income Before Tax Ratio | -220.12% | 13.56% | 41.00% | -48.05% | -72.72% | 7.40% | 30.65% |
| Income Tax Expense | -51.34M | 18.59M | 7.75M | 0.00 | 0.00 | 77.81M | 25.15M |
| Net Income | -414.15M | 70.40M | 308.44M | -32.95M | -1.03B | 122.43M | 375.82M |
| Net Income Ratio | -195.84% | 10.73% | 40.00% | -48.05% | -72.72% | 4.53% | 28.73% |
| EPS | -0.16 | 0.03 | 0.12 | -0.01 | -0.07 | 0.01 | 0.03 |
| EPS Diluted | -0.16 | 0.03 | 0.12 | -0.01 | -0.07 | 0.01 | 0.03 |
| Weighted Avg Shares Out | 2.58B | 2.58B | 2.58B | 2.35B | 2.15B | 1.98B | 1.97B |
| Weighted Avg Shares Out (Dil) | 2.58B | 2.58B | 2.58B | 2.35B | 2.15B | 1.98B | 1.97B |
CAN INVESTIGATION PROGRESS ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / June 3, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
ONGOING INVESTIGATION UPDATE: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / June 2, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / June 1, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
ONGOING INVESTIGATION ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations of the securities laws. The investigation focuses on whether the...
IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 30, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
Canaan (CAN) Upgraded to Buy: Here's What You Should Know
Canaan (CAN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
IMPORTANT INVESTOR ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
IMPORTANT SHAREHOLDER ALERT: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
IMPORTANT SHAREHOLDER INVESTIGATION: The Schall Law Firm Announces it is Investigating Claims Against Canaan Inc. and Encourages Investors with Losses to Contact the Firm
LOS ANGELES, CA / ACCESSWIRE / May 17, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Canaan Inc. ("Canaan" or "the Company") (NASDAQ:CAN) for violations...
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