Company Analysis

Canaan Inc. (CAN)

Nasdaq: CAN · Finance Services · Singapore, SG · filing with the SEC since 2019
Grade5.9
◀ Past 6.5● Present 5.3▶ Future 5.6
2 est.

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019
Report filedApr 15, 2026Apr 18, 2025Apr 17, 2024Apr 19, 2023Apr 29, 2022Apr 21, 2021Apr 15, 2020
Revenue529,735269,324211,477651,526r772,762r68,612204,347
Cost of revenue488,577353,644452,257421,239r331,005r62,823278,466
Gross profit41,158-84,320-240,780230,287r441,757r5,789-74,119
Research and development63,14561,32364,84581,755r52,172r21,46224,273
Sales and marketing13,5855,7088,1759,413r15,553r3,0623,148
General and administrative68,06671,69171,24988,302r91,058r20,17249,934
Total operating expenses153,387142,810170,101187,350r158,783r44,69677,355
Operating income-112,229-227,130-410,88142,937r282,974r-38,907·
Interest expense1,966521···5502,878
Interest and investment income2665369562,372r1,133r483553
Other income (expense), net-337-5,0252,2403,295r993r4,7453,604
Income before income taxes-207,489-172,269-465,49388,334r316,851r-32,962-148,598
Income tax expense2,77877,483-51,34018,450r7,765r0·
Net income including non-controlling interests-210,267-249,752-414,15369,884r309,086r-32,962-148,598
Net income-210,267-249,752-414,15369,884r309,086r-32,962-148,598
Earnings per share, basic-2.99-6.13-16.062.73r12.26r-1.41-6.90
Earnings per share, diluted-2.99-6.13-16.062.71r12.00r-1.41-6.90
Weighted average shares, basic7,042,820,9664,072,386,8262,579,202,5962,560,106,4032,521,667,8152,345,703,7792,153,172,769
Weighted average shares, diluted7,042,820,9664,072,386,8262,579,202,5962,577,892,0692,576,157,2472,345,703,7792,153,172,769
Weighted average shares, basic and diluted····2,521,667,8152,345,703,7792,153,172,769
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:Revenues
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfRevenue
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest expense what its borrowing costus-gaap:InterestExpenseNonoperating
us-gaap:InterestExpense
Interest and investment income what its cash and investments earnedus-gaap:InvestmentIncomeInterest
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic
Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted
Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic
Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding
Weighted average shares, basic and diluted the average count, where both counts are the sameus-gaap:WeightedAverageNumberOfShareOutstandingBasicAndDiluted
SI Assistanton CAN · research, not advice