Canaan Inc

CAN · NASDAQ · Technology / Computer Hardware

0.1549USD-0.01 (-3.97%)

Price History

Full chart

Market Stats

Previous Close0.1613

Open0.16

Day Range0.142 – 0.1613

52-Week Range0.152 – 2.22

Volume16.18M

Market Cap287.71M

P/E (TTM)0.00

Forward P/E2.51

EPS-0.46

Dividend Yield0.00%

Beta2.73

50-Day Avg0.2906

200-Day Avg0.473

About

Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Malaysia, Kazakhstan, Canada, Netherlands, Singapore, Ireland, Georgia, Brazil, and internationally. Canaan Inc. was founded in 2013 and is headquartered in Singapore.

Company Details

SectorTechnology
IndustryComputer Hardware
CEOMr. Nangeng Zhang
Employees399
Headquarters28 Ayer Rajah Crescent #06-08, Singapore, Singapore, 139959, USA
Websitehttps://investor.canaan-creative.com

Leadership

Mr. Nangeng ZhangChairman & CEO · b. 1983
Mr. James Jin ChengChief Financial Officer · b. 1978
Ms. Gwyn LauberInvestor Relations Director
Mr. Liang WangVice President of Capital Markets & Corporate Development
Ms. Lu MengSecretary of the Board · b. 1982
Ms. Zhang XiInvestor Relations Manager

Financials

Income Statement

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Revenue	1.31B	2.71B	1.42B	447.52M	4.91B	4.46B	211.48M	269.32M	529.74M
Growth (%)	-	+106.81%	-47.41%	-68.54%	+996.92%	-9.06%	-95.26%	+27.35%	+96.69%
Cost of Revenue	703.70M	2.20B	1.94B	409.77M	2.10B	2.89B	452.26M	353.64M	488.58M
Gross Profit	604.38M	508.12M	-516.00M	37.75M	2.81B	1.58B	-240.78M	-84.32M	41.16M
Gross Margin	46.20%	18.78%	-36.27%	8.44%	57.17%	35.35%	-113.86%	-31.31%	7.77%
Operating Expense	245.76M	375.10M	537.28M	277.77M	1.01B	1.23B	170.10M	142.81M	153.39M
Operating Income	358.63M	133.02M	-1.05B	-240.02M	1.80B	348.20M	-410.88M	-227.13M	-112.23M
Operating Margin	27.42%	4.92%	-74.04%	-53.63%	36.62%	7.80%	-194.29%	-84.33%	-21.19%
EBITDA	411.62M	266.40M	-110.83M	-216.12M	1.82B	526.74M	-330.11M	-143.33M	-75.22M
EBITDA Margin	31.47%	9.85%	-7.79%	-48.29%	36.98%	11.80%	-156.10%	-53.22%	-14.20%
Net Income	375.82M	122.43M	-1.03B	-203.35M	1.96B	478.84M	-414.15M	-249.75M	-210.27M
Net Income Margin	28.73%	4.53%	-72.72%	-45.44%	40.00%	10.73%	-195.84%	-92.73%	-39.69%
R&D	101.02M	180.57M	168.98M	139.99M	331.42M	564.30M	64.84M	61.32M	63.15M
R&D as % of Total Revenue	7.72%	6.67%	11.88%	31.28%	6.75%	12.64%	30.66%	22.77%	11.92%
Interest Expense	0	7.71M	2.86M	3.39M	46.81M	15.94M	0	521.00K	1.97M
Interest Expense % of Total Revenue	0.00%	0.29%	0.20%	0.76%	0.95%	0.36%	0.00%	0.19%	0.37%

Balance Sheet

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Total Assets	1.20B	1.40B	991.43M	1.04B	5.63B	4.69B	493.30M	463.01M	602.88M
Total Liabilities	345.98M	1.16B	298.63M	603.60M	2.17B	529.62M	145.11M	196.76M	165.52M
Total Equity	867.98M	240.98M	685.66M	432.40M	3.46B	4.16B	348.19M	266.25M	437.37M
Cash	176.50M	258.94M	516.61M	59.94M	2.68B	695.83M	96.15M	96.49M	80.78M
Total Debt	-	1.05B	13.42B	50.70M	31.07M	25.73M	1.43M	94.99M	54.90M
Net Debt	-176.50M	790.07M	12.90B	61.28B	-2.65B	-670.10M	-94.73M	-1.50M	-25.88M

Cash Flow

Currency: USD	2017-12-31	2018-12-31	2019-12-31	2020-12-31	2021-12-31	2022-12-31	2023-12-31	2024-12-31	2025-12-31
Operating Cash Flow	13.97M	-12.74M	-280.06M	344.22M	1.29B	-11.83B	-123.62M	-199.26M	-271.22M
Investing Cash Flow	-13.29M	83.98M	-16.33M	-305.85M	5.39M	-211.42M	39.63M	60.97M	-
Financing Cash Flow	150.00M	295.20M	277.95M	-773.86M	884.38M	-2.55B	90.00M	139.75M	197.88M
Capital Expenditure	12.66M	24.91M	8.38M	13.42M	35.86M	663.27M	3.31M	19.30M	37.03M
Free Cash Flow	78.54M	-37.65M	-288.44M	330.79M	1.25B	-12.49B	-126.93M	-218.57M	-308.25M
Dividends Paid	0	692.05M	-	-	-	-	-	-	-
FCF to OCF	562.27%	295.48%	102.99%	96.10%	97.21%	105.61%	102.68%	109.69%	113.65%
Dividend Paid to FCF	0.00%	-1837.97%	-	-	-	-	-	-	-

Earnings

Report Date	Mar 31, 2018	Jun 30, 2018	Sep 30, 2018	Dec 31, 2018	Mar 31, 2019	Jun 30, 2019	Sep 30, 2019	Dec 31, 2019	Mar 31, 2020	Jun 30, 2020	Sep 30, 2020	Dec 31, 2020	Mar 31, 2021	Jun 30, 2021	Sep 30, 2021	Nov 16, 2021	Mar 2, 2022	May 19, 2022	Aug 18, 2022	Nov 14, 2022	Mar 7, 2023	May 26, 2023	Aug 29, 2023	Nov 28, 2023	Feb 27, 2024	May 17, 2024	Aug 15, 2024	Nov 20, 2024	Mar 26, 2025	May 20, 2025	Aug 14, 2025	Nov 18, 2025	Feb 10, 2026	May 19, 2026	Sep 8, 2026	Nov 17, 2026
EPS Estimate	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-	-	-	-	-	-	-	0.07	0.50	0.40	0.13	-0.19	-0.12	-0.07	0.49	0.60	-0.04	-0.02	-0.13	-0.08	-0.07	-0.08	-0.01	-0.01	-0.07	-0.10	-0.07
EPS Actual	0.13	-0.50	-0.07	-0.03	-0.07	-0.27	0.09	-0.77	-0.04	-0.02	-0.08	-0.07	0.00	0.22	0.41	0.41	1.07	0.47	0.59	0.14	-0.02	-0.03	-0.04	-0.41	-0.30	-0.01	-0.01	-0.01	-0.33	-0.15	0.03	-0.36	-0.09	-0.13	-0.12	-
Surprise	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1421.86%	-6.00%	47.50%	7.69%	89.47%	75.00%	42.86%	-183.67%	-150.00%	75.00%	50.00%	92.31%	-312.50%	-114.29%	137.50%	-3500.00%	-800.00%	-85.71%	-20.00%	-
Timing	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	After-hours	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	-	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market	Pre-market

Key Statistics & Ratios

Market Cap287.71M

Enterprise Value274.42M

Trailing P/E0.00

Forward P/E2.51

Price / Sales0.65

Price / Book0.96

EPS-0.46

Book Value0.392

Revenue (TTM)441.30M

Gross Profit (TTM)-21.03M

EBITDA-110.75M

Profit Margin-67.78%

Operating Margin-192.04%

Return on Equity-97.07%

Return on Assets-18.45%

Shares Outstanding711.13M

Shares Float588.10M

Beta2.73

Dividend Yield0.00%

Dividend Rate0.00

Payout Ratio0.00%

Analyst Ratings

Strong Buy

Based on 6 analystsTarget 1.57

Strong Buy
5
Buy
1

Ownership Breakdown

Institutions: 20.14%
Insiders: 9.30%
Retail / Other: 70.56%

Top Institutional Holders

Weiss Asset Management LP
39.87M5.50%
Amvescap Plc.
28.56M3.94%
Galaxy Digital Inc.
14.50M2.00%
Charles Schwab Investment Management Inc
11.75M1.62%
State Street Corp
8.64M1.19%
Brevan Howard Capital Management LP
8.06M1.11%
Compass Rose Asset Management LP
4.77M0.66%
Geode Capital Management, LLC
4.60M0.63%
Renaissance Technologies Corp
4.53M0.63%
UBS Group AG
4.34M0.60%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.
4.10M0.57%
Vident Advisory, LLC
3.14M0.43%
Oversea-Chinese Banking Corp Ltd
2.01M0.28%
SBI Securities Co Ltd
1.64M0.23%
BlackRock Inc
1.37M0.19%
Morgan Stanley - Brokerage Accounts
1.21M0.17%

Top Fund Holders

Schwab Crypto Thmtc NatrlLngugePrcsngETF
6.63M0.89%
Global X Blockchain ETF
6.15M0.82%
CoinShares Bitcoin Mng and Dgtl Pwr ETF
2.83M0.38%
Mélanion BTC Eqs Universe ETF EUR
1.31M0.18%

Dividends

20211×

0.38Nov 15, 2021