Canaan Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Canaan Inc
CAN Stock  USD 0.50  0.06  10.71%   
Canaan's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Canaan's valuation are provided below:
Gross Profit
41.2 M
Profit Margin
(0.40)
Market Capitalization
339.4 M
Enterprise Value Revenue
0.6516
Revenue
529.7 M
We have found one hundred twenty available fundamental signals for Canaan Inc, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate Canaan's prevailing fundamentals against the trend between 2010 and 2026 to make sure the company can sustain itself down the road. As of the 12th of February 2026, Market Cap is likely to drop to about 307.3 M. In addition to that, Enterprise Value is likely to drop to about 282.7 M

Canaan Total Revenue

705.58 Million

Check Canaan financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canaan's main balance sheet or income statement drivers, such as Tax Provision of 45.6 M, Net Interest Income of 18.1 K or Interest Income of 585.6 K, as well as many indicators such as Price To Sales Ratio of 0.58, Dividend Yield of 0.059 or PTB Ratio of 0.7. Canaan financial statements analysis is a perfect complement when working with Canaan Valuation or Volatility modules.
  
Build AI portfolio with Canaan Stock
Check out the analysis of Canaan Correlation against competitors.

Canaan Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Total Assets612.4 M602.9 M936.8 M
Slightly volatile
Other Current Liabilities80.5 M75.3 M63.9 M
Slightly volatile
Total Current Liabilities242.8 M131.1 M317.4 M
Slightly volatile
Total Stockholder Equity360.9 M437.4 M613 M
Slightly volatile
Net Tangible Assets5.1 B4.9 B2 B
Slightly volatile
Property Plant And Equipment Net41.8 M46.9 M30.1 M
Slightly volatile
Current Deferred Revenue54.4 M33.4 M120.5 M
Slightly volatile
Accounts Payable14.6 M25.6 M11.1 M
Slightly volatile
Cash160.8 M80.8 M188.6 M
Pretty Stable
Non Current Assets Total88.9 M169.6 M57.8 M
Slightly volatile
Non Currrent Assets Other645.5 K679.5 K12.6 M
Slightly volatile
Cash And Short Term Investments76.7 M80.8 M227.4 M
Slightly volatile
Net Receivables37.7 M19.3 M20.9 M
Slightly volatile
Common Stock Total Equity800900982
Slightly volatile
Common Stock Shares Outstanding492.3 M468.8 M190.1 M
Slightly volatile
Liabilities And Stockholders Equity612.4 M602.9 M936.8 M
Slightly volatile
Capital Surpluse2 B1.9 B1 B
Slightly volatile
Inventory163.1 M180.8 M224.5 M
Slightly volatile
Total Liabilities251.2 M165.5 M323.4 M
Slightly volatile
Net Invested Capital391.4 M412 M1.1 B
Very volatile
Property Plant And Equipment Gross139.6 M132.9 M51.6 M
Slightly volatile
Total Current Assets547.8 M433.3 M880.4 M
Slightly volatile
Net Working Capital169.8 M178.8 M906.6 M
Very volatile
Short Term Debt29.2 M30.2 M58.8 M
Slightly volatile
Common Stock509900815
Slightly volatile
Property Plant Equipment757.8 M721.7 M225.1 M
Slightly volatile
Short and Long Term Debt Total52.2 M54.9 M1.4 B
Very volatile
Short and Long Term Debt72.5 M76.3 M594.4 M
Slightly volatile
Capital Lease Obligations2.5 M2.6 M18.5 M
Slightly volatile
Other Liabilities3.6 M3.7 M10.6 M
Very volatile
Long Term Investments2.4 M2.5 M9.3 M
Slightly volatile
Non Current Liabilities Other441.2 K464.4 K5.9 M
Slightly volatile
Intangible Assets654.5 K689 K6.3 M
Slightly volatile
Long Term Debt5.8 M6.6 M7.2 M
Slightly volatile

Canaan Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Interest Income585.6 K616.4 K2.3 M
Slightly volatile
Depreciation And Amortization26.1 M32.7 M18.1 M
Slightly volatile
Selling General Administrative91.5 M68.1 M117.5 M
Slightly volatile
Selling And Marketing Expenses12.2 M13.6 M17.3 M
Slightly volatile
Total Revenue705.6 M529.7 M1 B
Slightly volatile
Other Operating Expenses780.7 M642 M938.5 M
Pretty Stable
Research Development71.4 M63.1 M92.6 M
Slightly volatile
Cost Of Revenue617.9 M488.6 M735 M
Pretty Stable
Total Operating Expenses163 M153.4 M203.6 M
Pretty Stable
Reconciled Depreciation34 M32.7 M22.2 M
Slightly volatile

Canaan Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation26.4 M27.8 M77.7 M
Slightly volatile
Begin Period Cash Flow91.7 M96.5 M281.8 M
Pretty Stable
Depreciation59.2 M32.7 M34.5 M
Slightly volatile
End Period Cash Flow82.5 M86.8 M256.7 M
Very volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio0.580.61071.6845
Pretty Stable
Dividend Yield0.0590.06640.0725
Slightly volatile
PTB Ratio0.70.73962.2414
Very volatile
Days Sales Outstanding12.6313.291324.2018
Slightly volatile
Book Value Per Share0.890.93294.1649
Slightly volatile
Average Payables6.9 M8.9 M8.3 M
Slightly volatile
Stock Based Compensation To Revenue0.0880.10.0988
Slightly volatile
Capex To Depreciation0.80.781.0096
Slightly volatile
PB Ratio0.70.73962.2414
Very volatile
EV To Sales0.530.56182.0556
Pretty Stable
Inventory Turnover3.962.70213.2517
Pretty Stable
Days Of Inventory On Hand101135129
Pretty Stable
Payables Turnover18.1319.08580.5365
Slightly volatile
Sales General And Administrative To Revenue0.150.12850.1466
Slightly volatile
Average Inventory108 M93.2 M105.5 M
Slightly volatile
Research And Ddevelopement To Revenue0.130.11920.1229
Slightly volatile
Capex To Revenue0.06770.06450.0293
Slightly volatile
Cash Per Share0.160.17231.5659
Slightly volatile
Payout Ratio0.170.190.2078
Slightly volatile
Days Payables Outstanding10.5719.12499.2732
Slightly volatile
Intangibles To Total Assets0.00110.00110.0128
Slightly volatile
Current Ratio2.443.30533.1603
Pretty Stable
Tangible Book Value Per Share0.880.93144.1614
Slightly volatile
Receivables Turnover26.0927.46161.3 K
Very volatile
Shareholders Equity Per Share0.890.93294.1633
Slightly volatile
Debt To Equity0.120.12553.4895
Slightly volatile
Capex Per Share0.10.0640.1106
Very volatile
Average Receivables9.3 M8.9 M8.8 M
Slightly volatile
Revenue Per Share1.071.12997.2458
Slightly volatile
Interest Debt Per Share0.120.12139.7862
Pretty Stable
Debt To Assets0.08650.09111.2192
Very volatile
Graham Number0.80.440.9397
Slightly volatile
Operating Cycle137148154
Slightly volatile
Price Book Value Ratio0.70.73962.2414
Very volatile
Days Of Payables Outstanding10.5719.12499.2732
Slightly volatile
Dividend Payout Ratio0.170.190.2078
Slightly volatile
Ebt Per Ebit0.941.84881.0931
Slightly volatile
Company Equity Multiplier2.241.37841.7891
Pretty Stable
Long Term Debt To Capitalization0.04890.05150.573
Slightly volatile
Total Debt To Capitalization0.110.11150.5237
Slightly volatile
Debt Equity Ratio0.120.12553.4895
Slightly volatile
Quick Ratio1.681.9262.3059
Slightly volatile
Net Income Per E B T0.761.01340.9373
Pretty Stable
Cash Ratio0.950.61620.72
Slightly volatile
Cash Conversion Cycle126129145
Slightly volatile
Days Of Inventory Outstanding101135129
Pretty Stable
Days Of Sales Outstanding12.6313.291324.2018
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.361.261.0946
Pretty Stable
Price To Book Ratio0.70.73962.2414
Very volatile
Fixed Asset Turnover10.7311.293145.7962
Slightly volatile
Debt Ratio0.08650.09111.2192
Very volatile
Price Sales Ratio0.580.61071.6845
Pretty Stable
Asset Turnover1.050.87871.0146
Slightly volatile
Price Fair Value0.70.73962.2414
Very volatile

Canaan Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap307.3 M323.5 M735.6 M
Slightly volatile
Enterprise Value282.7 M297.6 M8.3 B
Slightly volatile

Canaan Fundamental Market Drivers

Forward Price Earnings2.1519
Cash And Short Term Investments80.8 M

Canaan Upcoming Events

5th of March 2024
Upcoming Quarterly Report
View
24th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
5th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Canaan Financial Statements

Canaan investors utilize fundamental indicators, such as revenue or net income, to predict how Canaan Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue33.4 M54.4 M
Total Revenue529.7 M705.6 M
Cost Of Revenue488.6 M617.9 M
Stock Based Compensation To Revenue 0.10  0.09 
Sales General And Administrative To Revenue 0.13  0.15 
Research And Ddevelopement To Revenue 0.12  0.13 
Capex To Revenue 0.06  0.07 
Revenue Per Share 1.13  1.07 
Ebit Per Revenue(0.21)(0.22)

Pair Trading with Canaan

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canaan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canaan will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canaan Stock

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Moving against Canaan Stock

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The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canaan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canaan Inc to buy it.
The correlation of Canaan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canaan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Canaan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canaan's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canaan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canaan Inc Stock:
How To Invest In Canaan
Details
Is Canaan Stock a good investment?
Details
What is Canaan's Net Worth?
Details
Largest Semiconductors & Semiconductor Equipment Companies
View
Largest Information Technology Companies
View
Check out the analysis of Canaan Correlation against competitors.
You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.
Will Semiconductors & Semiconductor Equipment sector continue expanding? Could Canaan diversify its offerings? Factors like these will boost the valuation of Canaan. Projected growth potential of Canaan fundamentally drives upward valuation adjustments. Accurate valuation requires analyzing both current fundamentals and future growth trajectories. Every Canaan data point contributes insight, yet successful analysis hinges on identifying the most consequential variables.
Quarterly Earnings Growth
(0.92)
Earnings Share
(0.45)
Revenue Per Share
1.13
Quarterly Revenue Growth
1.211
Return On Assets
(0.12)
The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Seasoned market participants apply comprehensive analytical frameworks to derive fundamental worth and identify mispriced opportunities. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Altman
Z Score
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Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
It's important to distinguish between Canaan's intrinsic value and market price, which are calculated using different methodologies. Investment decisions regarding Canaan should consider multiple factors including financial performance, growth metrics, competitive position, and professional analysis. Meanwhile, Canaan's quoted price indicates the marketplace figure where supply meets demand through bilateral consent.
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