See more : DWF Group plc (DWF.L) 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. Under Investigation By Schall Law Firm For Potential Securities Violations. Investors Who Lost Money Encouraged To Contact The Firm
LOS ANGELES, CA / ACCESSWIRE / June 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...
Allegations Against Canaan Inc. (NASDAQ:CAN): Schall Law Firm Initiates Investigation And Encourages Affected Investors To Reach Out
LOS ANGELES, CA / ACCESSWIRE / June 11, 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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Penny stocks are not everyone's cup of tea due to their inherent volatility, and any stock not named Nvidia (NASDAQ: NVDA ), up 152% this year, is struggling for relevance. Notwithstanding, aggressive investors choose penny stocks for the prospect of...
Claims Leveled At Canaan Inc. (NASDAQ:CAN): Schall Law Firm Initiates Investigation And Urges Affected Investors To Participate
LOS ANGELES, CA / ACCESSWIRE / June 9, 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...
Accusations Against Canaan Inc. (NASDAQ:CAN): Schall Law Firm Begins Inquiry And Calls On Impacted Investors To Engage
LOS ANGELES, CA / ACCESSWIRE / June 8, 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...
Claims Against Canaan Inc. (NASDAQ:CAN): Schall Law Firm Initiates Probe And Invites Affected Investors To Connect
LOS ANGELES, CA / ACCESSWIRE / June 7, 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...
Allegations Against Canaan Inc. (NASDAQ:CAN): Schall Law Firm Begins Investigation And Encourages Impacted Investors To Reach Out
LOS ANGELES, CA / ACCESSWIRE / June 6, 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. Secures Large Avalon Miner A1566 Purchase Order From Cipher Mining Technologies Inc.
SINGAPORE , June 6, 2024 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) ("Canaan" or the "Company"), a leading high-performance computing solutions provider, today announced that it has signed a large purchase agreement (the "Agreement") with one of the Company's long-term partners,...
Canaan Inc. (NASDAQ:CAN) Allegations: Schall Law Firm Initiates Inquiry and Invites Affected Investors to Connect
LOS ANGELES, CA / ACCESSWIRE / June 5, 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 is initiating an inquiry into allegations against Canaan Inc. and is inviting investors who have incurred losses to reach out
LOS ANGELES, CA / ACCESSWIRE / June 4, 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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