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Canaan Inc.

CAN

$0.20 0.00 (-0.95%) at close

9 Visible periods

30 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Poor

Moderately Bearish

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Analytical Summary

Canaan Inc. faces fundamental challenges with weakness in Return on Common Equity (%) and Profit Margin (%). On the positive side, Debt to Equity remains strong. Investors should exercise caution and monitor for improvement in key metrics.

Market Cap $1.4B

Dividend Yield —

Revenue Growth 96.7% ↗

Op. Margin -21.2% ↗

ROIC -24.7% ↗

FCF / Share $-0.04 ↗

Trailing P/E —

Price / Book 3.2x

FCF Yield —

Debt / Equity 0.05

info Valuation on last close. End-of-day price, Aug 6, 2026.

9-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$529.74M

↑ +96.7% —

Net Income Profit after all expenses

$-210.27M

↑ +15.8% —

Operating Margin Operating profit as % of sales

-21.2%

↑ +74.9% 10th

FCF / Share Free cash flow per share

$-0.04

↑ +21.7% —

Long-Term Debt Long-term obligations

$23.73M

↑ +226.0% —

trending_up

Bullish Indicators

Debt to EquityDebt to Equity is in the top quartile (lower is better)

warning

Bearish Risks

Operating Margin (%)Operating Margin (%) is in the bottom quartile
Profit Margin (%)Profit Margin (%) is in the bottom quartile
Return on Common Equity (%)Return on Common Equity (%) is in the bottom quartile

Health Breakdown

Profitability

Returns

Financial Health →

Cash Quality ↑

Financial view

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📈 Is growth accelerating? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Revenue Growth YoY (%)	96.7% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+1512%)	27.4% Excellent ↓ Excellent Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+356%)	-67.5% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1226%)	-16.7% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-379%)	1040.5% Excellent Excellent Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+17242%)	-66.4% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-1207%)	—	—	—
EPS Growth YoY (%)	51.2% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	61.8% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	N/M	-78.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	79.6% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—	—
Net Income Growth YoY (%)	15.8% Good ↑ Good Improving Year-over-year change in net income	39.7% Excellent Excellent Year-over-year change in net income	N/M	-77.7% Weak Weak Year-over-year change in net income	N/M	77.8% Excellent Excellent Year-over-year change in net income	—	—	—
FCF Growth YoY (%)	21.7% Good ↑ Good Improving Year-over-year change in free cash flow	-9.1% Weak ↓ Weak Declining Year-over-year change in free cash flow	37.1% Excellent Excellent Year-over-year change in free cash flow	N/M	3226.7% Excellent Excellent Year-over-year change in free cash flow	N/M	—	—	—
Revenue CAGR 3Y (%)	-6.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	-29.9% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	45.5% Excellent Excellent Compound annual revenue growth over 3 years	47.2% Excellent Excellent Compound annual revenue growth over 3 years	—	—	—	—	—
Revenue CAGR 5Y (%)	50.5% Excellent Excellent Compound annual revenue growth over 5 years	5.7% Fair Fair Compound annual revenue growth over 5 years	—	—	—	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Operating Margin (%) (%)	-21.2% Weak ↑ Weak Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-185%)	-84.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-437%)	-194.3% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-877%)	6.6% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-74%)	36.7% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+47%)	-56.7% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-327%)	—	—	—
Effective Tax Rate (%) (%)	-1.3% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	-45.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	11.0% Excellent ↑ Excellent Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.9% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	2.4% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	0.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—
Profit Margin (%) (%)	-39.7% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-280%)	-92.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-522%)	-195.8% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-990%)	10.7% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-51%)	40.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+82%)	-48.0% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-318%)	-72.7% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-431%)	—	—
FCF Margin (%) (%)	-55.8% Weak → Weak Stable Free cash flow as a percentage of revenue Optimal: > 10%	-81.2% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-60.0% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	-30.8% Weak ↓ Weak Declining Free cash flow as a percentage of revenue Optimal: > 10%	28.1% Excellent ↑ Excellent Improving Free cash flow as a percentage of revenue Optimal: > 10%	9.0% Caution Caution Free cash flow as a percentage of revenue Optimal: > 10%	-20.3% Weak Weak Free cash flow as a percentage of revenue Optimal: > 10%	—	—
FCF / Net Income (x)	1.41x Good ↑ Good Improving Free cash flow relative to reported net income Optimal: > 1x	0.88x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	0.31x Weak ↑ Weak Improving Free cash flow relative to reported net income Optimal: > 1x	-2.87x Weak ↓ Weak Declining Free cash flow relative to reported net income Optimal: > 1x	0.70x Caution ↑ Caution Improving Free cash flow relative to reported net income Optimal: > 1x	-0.19x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	0.28x Weak Weak Free cash flow relative to reported net income Optimal: > 1x	—	—

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Return on Invested Capital (%)	-24.7% Weak ↑ Weak Improving Return earned on debt + equity capital invested Optimal: > 10%	-120.4% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	-105.0% Weak ↓ Weak Declining Return earned on debt + equity capital invested Optimal: > 10%	5.6% Caution ↑ Caution Improving Return earned on debt + equity capital invested Optimal: > 10%	51.6% Excellent Excellent Return earned on debt + equity capital invested Optimal: > 10%	-58.7% Weak Weak Return earned on debt + equity capital invested Optimal: > 10%	—	—	—
Return on Capital (%) (%)	-18.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-49.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-83.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	6.3% Caution ↑ Caution Improving Operating profit relative to total assets Optimal: > 10%	32.5% Excellent Excellent Operating profit relative to total assets Optimal: > 10%	-24.5% Weak Weak Operating profit relative to total assets Optimal: > 10%	—	—	—
Return on Common Equity (%) (%)	-48.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-501%)	-93.8% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-882%)	-118.9% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1091%)	11.5% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	57.8% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+382%)	-49.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-514%)	-149.3% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-1344%)	—	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Debt to Equity (x)	0.05x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-95%)	0.03x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-98%)	—	—	—	0.08x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-93%)	0.14x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-88%)	—	—
Interest Coverage (x)	-57.08x Weak Weak Operating income divided by interest expense Optimal: > 5x	-435.95x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	7356.49x Excellent Excellent Operating income divided by interest expense Optimal: > 5x	-70.74x Weak Weak Operating income divided by interest expense Optimal: > 5x	—	—	—
Net Debt (USD)	$-57.05M	$-89.21M	$-96.15M	—	$-421.23M	$-54.65M	$-59.86M	—	—
Debt / EBITDA (x)	-0.21x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	-0.03x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—	-0.14x Excellent Excellent Debt relative to earnings before interest, taxes, depreciation Optimal: < 2x	—	—	—

📊 What does each share earn? 6 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Revenue per Share (USD)	$0.08	$0.07	$0.08	$0.25	$0.31	$0.03	$0.09	—	—
Basic EPS, GAAP (USD)	$-2.99	$-6.13	$-16.06	$2.73	$12.45	$-1.41	$-6.90	—	—
Free Cash Flow per Share (USD)	$-0.04	$-0.05	$-0.05	$-0.08	$0.09	$0.00	$-0.02	—	—
Book Value per Share (USD)	$0.06	$0.06	$0.10	$0.24	$0.21	$0.03	$0.04	—	—
Tangible Book Value per Share (USD)	$0.06	$0.06	$0.10	$0.24	$0.21	$0.03	$0.04	—	—
Basic Weighted Avg Shares (shares)	7.04B	4.07B	2.58B	2.56B	2.52B	2.35B	2.15B	1.96B	1.97B

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Working Capital (USD)	$302.20M	$155.45M	$228.49M	$480.46M	$500.32M	$63.56M	$94.17M	—	—
LT Debt (USD)	$23.73M	$7.28M	—	—	—	—	—	—	—
Total Equity (USD)	$437.37M	$266.25M	$348.19M	$607.67M	$542.74M	$66.29M	$99.51M	—	—

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 20-F ↗	FY 2024 Dec 31, 2024 20-F ↗	FY 2023 Dec 31, 2023 20-F ↗	FY 2022 Dec 31, 2022 20-F ↗	FY 2021 Dec 31, 2021 20-F ↗	FY 2020 Dec 31, 2020 20-F ↗	FY 2019 Dec 31, 2019 20-F ↗	FY 2018 Dec 31, 2018 20-F ↗	FY 2017 Dec 31, 2017 20-F ↗
Sales/Revenue/Turnover (USD)	$529.74M	$269.32M	$211.48M	$651.53M	$782.52M	$68.61M	$204.35M	—	—
Net Income, GAAP (USD)	$-210.27M	$-249.75M	$-414.15M	$69.88M	$313.89M	$-32.96M	$-148.60M	—	—
Operating Cash Flow (USD)	$-271.22M	$-199.26M	$-123.62M	$-182.60M	$225.79M	$6.48M	$-40.23M	—	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 9 years · 8 quarters

Canaan Inc.

Analytical Summary

9-Year Financial Trajectory

Bullish Indicators

Bearish Risks

Health Breakdown

Statement lens

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