See more : Banny Cosmic International Holdings, Inc. (CMHZ) 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 |
Canaan Inc. Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - CAN
NEW YORK, NY / ACCESSWIRE / August 5, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Canaan Inc. ("Canaan") (NASDAQ:CAN) concerning possible violations of federal securities laws. Canaan issued a press release on August...
ATTENTION CAN SHAREHOLDERS: Investors who Lost Money on Canaan Inc. are Urged to Contact Levi & Korsinsky About an Ongoing Investigation
NEW YORK, NY / ACCESSWIRE / August 2, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Canaan Inc. ("Canaan") (NASDAQ:CAN) concerning possible violations of federal securities laws. Canaan issued a press release on August...
Canaan Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - CAN
NEW YORK, NY / ACCESSWIRE / August 1, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Canaan Inc. ("Canaan") (NASDAQ:CAN) concerning possible violations of federal securities laws. Canaan issued a press release on August...
Canaan Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - CAN
NEW YORK, NY / ACCESSWIRE / July 30, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Canaan Inc. ("Canaan") (NASDAQ:CAN) concerning possible violations of federal securities laws. Canaan issued a press release on August...
Canaan Inc Investigated By The Schall Law Firm For Potential Securities Breaches Investors With Losses Urged To Engage In Dialogue
LOS ANGELES, CA / ACCESSWIRE / July 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 Inc Investigated By The Schall Law Firm For Potential Securities Breaches Investors With Losses Urged To Engage In Dialogue
LOS ANGELES, CA / ACCESSWIRE / July 29, 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 Attended Bitcoin 2024 in Nashville and Initiated its CAN Community
NASHVILLE, Tenn. , July 29, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN), a leader in high-performance computing solutions and creator of ASIC Bitcoin miners, announced its successful participation in the Bitcoin 2024 conference, held from July 25-27 which attracts approximately...
Canaan Inc Investigated By The Schall Law Firm For Potential Securities Breaches Investors With Losses Urged To Engage In Dialogue
LOS ANGELES, CA / ACCESSWIRE / July 26, 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 Inc Investigated By The Schall Law Firm For Potential Securities Breaches Investors With Losses Urged To Engage In Dialogue
LOS ANGELES, CA / ACCESSWIRE / July 25, 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 Inc Investigated By The Schall Law Firm For Potential Securities Breaches Investors With Losses Urged To Engage In Dialogue
LOS ANGELES, CA / ACCESSWIRE / July 24, 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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