Symbols / CAN Stock $0.50 -8.45% Canaan Inc.

Technology • Computer Hardware • Singapore • NGM
CAN (Stock) Chart
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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.

Stock Fundamentals
Scroll to Statements
Market Cap 375.36M Enterprise Value 5.01B Income -210.27M Sales 529.74M Book/sh 0.66 Cash/sh 0.01
Dividend Yield Payout Employees IPO P/E Forward P/E -14.39
PEG P/S 0.71 P/B 0.77 P/C EV/EBITDA -89.42 EV/Sales 9.47
Quick Ratio 1.62 Current Ratio 3.31 Debt/Eq 12.55 LT Debt/Eq EPS (ttm) -0.45 EPS next Y -0.04
EPS Growth Revenue Growth 121.10% Earnings 2026-05-13 ROA -12.15% ROE -59.77% ROIC
Gross Margin 7.77% Oper. Margin -7.56% Profit Margin -39.69% Shs Outstand 724.73M Shs Float 7.50B Short Float 9.88%
Short Ratio 6.40 Short Interest 52W High 2.22 52W Low 0.39 Beta 2.47 Avg Volume 12.76M
Volume 9.36M Target Price $2.05 Recom None Prev Close $0.55 Price $0.50 Change -8.45%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$2.05
Mean price target
2. Current target
$0.50
Latest analyst target
3. DCF / Fair value
$-4.83
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$0.50
Low
$1.50
High
$3.00
Mean
$2.05

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-16 main Rosenblatt Buy → Buy $2
2026-02-24 main Rosenblatt Buy → Buy $2
2026-02-11 main Benchmark Buy → Buy $2
2026-02-11 main Rosenblatt Buy → Buy $2
2026-02-11 reit BTIG Buy → Buy $3
2026-02-09 main Rosenblatt Buy → Buy $3
2026-01-15 main Rosenblatt Buy → Buy $4
2025-12-15 main Rosenblatt Buy → Buy $4
2025-12-08 init BTIG — → Buy $3
2025-11-21 main B. Riley Securities Buy → Buy $3
2025-11-19 main Rosenblatt Buy → Buy $4
2025-10-29 main Rosenblatt Buy → Buy $4
2025-10-23 main Benchmark Buy → Buy $4
2025-10-14 main Rosenblatt Buy → Buy $4
2025-10-14 reit BTIG Buy → Buy $8
2025-10-13 main Rosenblatt Buy → Buy $4
2025-09-12 main Rosenblatt Buy → Buy $4
2025-08-29 main Rosenblatt Buy → Buy $4
2025-08-15 main Rosenblatt Buy → Buy $4
2025-07-10 main B. Riley Securities Buy → Buy $2
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
529.74
+96.69%
269.32
+27.35%
211.48
-67.54%
651.53
Operating Revenue
527.02
+97.20%
267.25
+26.75%
210.85
-67.63%
651.42
Cost Of Revenue
488.58
+38.16%
353.64
-21.80%
452.26
+7.36%
421.24
Reconciled Cost Of Revenue
488.58
+38.16%
353.64
-21.80%
452.26
+7.36%
421.24
Gross Profit
41.16
+148.81%
-84.32
+64.98%
-240.78
-204.56%
230.29
Operating Expense
144.80
+4.38%
138.72
-3.84%
144.27
-19.61%
179.47
Research And Development
63.15
+2.97%
61.32
-5.43%
64.84
-20.68%
81.75
Selling General And Administration
81.65
+5.49%
77.40
-2.55%
79.42
-18.72%
97.72
Selling And Marketing Expense
13.59
+138.00%
5.71
-30.18%
8.18
-13.15%
9.41
General And Administrative Expense
68.07
-5.06%
71.69
+0.62%
71.25
-19.31%
88.30
Other Gand A
68.07
-5.06%
71.69
+0.62%
71.25
-19.31%
88.30
Total Expenses
633.37
+28.64%
492.37
-17.46%
596.53
-0.70%
600.71
Operating Income
-103.64
+53.53%
-223.04
+42.07%
-385.05
-857.72%
50.82
Total Operating Income As Reported
-112.23
+50.59%
-227.13
+44.72%
-410.88
-1056.94%
42.94
EBITDA
-157.96
-10.21%
-143.33
+64.68%
-405.85
-432.60%
122.02
Normalized EBITDA
-50.18
+72.62%
-183.26
+43.13%
-322.21
-457.33%
90.17
Reconciled Depreciation
47.56
+67.37%
28.42
-52.35%
59.64
+77.03%
33.69
EBIT
-205.52
-19.67%
-171.75
+63.10%
-465.49
-626.97%
88.33
Total Unusual Items
-107.78
-369.95%
39.93
+147.74%
-83.64
-362.61%
31.85
Total Unusual Items Excluding Goodwill
-107.78
-369.95%
39.93
+147.74%
-83.64
-362.61%
31.85
Special Income Charges
-8.59
-110.15%
-4.09
+84.17%
-25.83
-227.82%
-7.88
Impairment Of Capital Assets
10.17
-10.05%
11.30
-56.24%
25.83
+227.82%
7.88
Write Off
0.00
-100.00%
4.71
-40.28%
7.88
Net Income
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Pretax Income
-207.49
-20.44%
-172.27
+62.99%
-465.49
-626.97%
88.33
Net Non Operating Interest Income Expense
-1.70
-11433.33%
0.01
-98.43%
0.96
-59.70%
2.37
Interest Expense Non Operating
1.97
+277.35%
0.52
0.00
0.00
Net Interest Income
-1.70
-11433.33%
0.01
-98.43%
0.96
-59.70%
2.37
Interest Expense
1.97
+277.35%
0.52
0.00
0.00
Interest Income Non Operating
0.27
-50.37%
0.54
-43.93%
0.96
-59.70%
2.37
Interest Income
0.27
-50.37%
0.54
-43.93%
0.96
-59.70%
2.37
Other Income Expense
-102.15
-301.25%
50.76
+162.36%
-81.40
-331.61%
35.15
Other Non Operating Income Expenses
5.63
-48.03%
10.83
+383.57%
2.24
-32.02%
3.29
Gain On Sale Of Security
-99.19
-325.36%
44.01
+176.14%
-57.81
-245.50%
39.73
Tax Provision
2.78
-96.41%
77.48
+250.92%
-51.34
-378.27%
18.45
Tax Rate For Calcs
0.00
+0.00%
0.00
+90.91%
0.00
-45.81%
0.00
Tax Effect Of Unusual Items
-22.63
-369.95%
8.38
+191.13%
-9.20
-242.30%
6.47
Net Income Including Noncontrolling Interests
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Net Income From Continuing Operation Net Minority Interest
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Net Income From Continuing And Discontinued Operation
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Net Income Continuous Operations
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Normalized Income
-125.12
+55.52%
-281.29
+17.20%
-339.71
-863.41%
44.50
Net Income Common Stockholders
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Diluted EPS
-0.92
+61.83%
-2.41
-534.01%
0.56
Basic EPS
-0.92
+61.83%
-2.41
-530.97%
0.56
Basic Average Shares
271.49
+57.89%
171.95
+0.75%
170.67
Diluted Average Shares
271.49
+57.89%
171.95
+0.05%
171.86
Diluted NI Availto Com Stockholders
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Gain On Sale Of PPE
1.58
-78.16%
7.21
0.00
0.00
Other Taxes
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
602.88
+30.21%
463.01
-6.14%
493.30
-27.98%
684.96
Current Assets
433.29
+29.72%
334.02
-8.16%
363.68
-34.56%
555.71
Cash Cash Equivalents And Short Term Investments
80.78
-16.28%
96.49
+0.35%
96.15
-5.31%
101.55
Cash And Cash Equivalents
80.78
-16.28%
96.49
+0.35%
96.15
-5.31%
101.55
Cash Equivalents
96.49
+0.35%
96.15
-5.31%
101.55
Other Short Term Investments
Receivables
129.82
+13.22%
114.66
+96.33%
58.40
-19.34%
72.40
Accounts Receivable
19.29
+1174.11%
1.51
-49.48%
3.00
0.00
Gross Accounts Receivable
19.38
+643.46%
2.61
Allowance For Doubtful Accounts Receivable
-0.09
+91.58%
-1.09
Other Receivables
52.70
+4.30%
50.52
Taxes Receivable
57.83
-7.65%
62.62
+13.03%
55.40
-23.48%
72.40
Inventory
180.82
+91.10%
94.62
-33.50%
142.29
-32.77%
211.64
Raw Materials
99.77
+76.51%
56.52
-40.54%
95.06
-16.10%
113.31
Work In Process
23.54
+322.98%
5.57
-64.99%
15.90
-57.65%
37.54
Finished Goods
57.50
+76.77%
32.53
+3.85%
31.32
-48.48%
60.80
Prepaid Assets
36.14
+72.12%
21.00
-58.02%
50.02
-69.13%
162.02
Current Deferred Assets
2.72
-28.47%
3.81
-49.54%
7.55
+22.38%
6.17
Restricted Cash
0.00
Other Current Assets
3.01
-12.62%
3.45
-62.80%
9.27
+378.82%
1.94
Total Non Current Assets
169.59
+31.48%
128.99
-0.48%
129.62
+0.29%
129.25
Net PPE
46.91
+7.44%
43.66
+40.13%
31.16
-65.23%
89.60
Gross PPE
157.72
+36.44%
115.60
-1.41%
117.26
-5.88%
124.59
Accumulated Depreciation
-110.82
-54.03%
-71.94
+16.44%
-86.10
-146.09%
-34.99
Properties
0.00
0.00
0.00
0.00
Land And Improvements
0.12
+0.00%
0.12
0.00
Machinery Furniture Equipment
18.33
+15.46%
15.88
+9.76%
14.47
+16.23%
12.45
Construction In Progress
4.37
-56.22%
9.98
0.00
0.00
Other Properties
129.69
+53.34%
84.57
-12.83%
97.02
-9.61%
107.34
Leases
5.22
+3.29%
5.05
-12.49%
5.77
+20.12%
4.80
Goodwill And Other Intangible Assets
0.69
-23.53%
0.90
0.00
Other Intangible Assets
0.69
-23.53%
0.90
Investments And Advances
2.85
+2.26%
2.78
-1.49%
2.82
-1.67%
2.87
Non Current Accounts Receivable
35.13
+84.36%
19.06
Non Current Deferred Assets
0.19
-35.25%
0.29
-99.56%
66.81
+207.31%
21.74
Non Current Deferred Taxes Assets
0.19
-35.25%
0.29
-99.56%
66.81
+207.31%
21.74
Non Current Prepaid Assets
0.49
-80.59%
2.50
Other Non Current Assets
83.83
+34.56%
62.30
+116.10%
28.83
+130.05%
12.53
Total Liabilities Net Minority Interest
165.52
-15.88%
196.76
+35.59%
145.11
+87.74%
77.30
Current Liabilities
131.09
-26.59%
178.57
+32.08%
135.19
+79.64%
75.26
Payables And Accrued Expenses
70.47
+42.50%
49.45
+30.46%
37.91
-28.14%
52.75
Payables
70.47
+42.50%
49.45
+30.46%
37.91
-28.14%
52.75
Accounts Payable
25.60
+83.18%
13.97
+123.78%
6.25
-62.61%
16.70
Other Payable
26.74
+17.82%
22.70
+15.33%
19.68
-5.13%
20.74
Total Tax Payable
18.13
+41.85%
12.78
+6.69%
11.98
-21.71%
15.30
Income Tax Payable
11.40
+4.31%
10.93
+209.34%
3.53
-51.11%
7.23
Current Debt And Capital Lease Obligation
30.22
-64.86%
86.01
+6973.03%
1.22
-47.45%
2.31
Current Debt
28.52
-66.36%
84.77
Other Current Borrowings
28.52
-66.36%
84.77
Current Capital Lease Obligation
1.71
+37.91%
1.24
+1.73%
1.22
-47.45%
2.31
Current Deferred Liabilities
14.88
-59.90%
37.11
+38.49%
26.80
+3948.19%
0.66
Current Deferred Revenue
14.88
-59.90%
37.11
+38.49%
26.80
+3948.19%
0.66
Other Current Liabilities
7.46
+37.87%
5.41
-88.65%
47.69
+588.83%
6.92
Total Non Current Liabilities Net Minority Interest
34.43
+89.28%
18.19
+83.40%
9.92
+386.37%
2.04
Long Term Debt And Capital Lease Obligation
24.68
+174.82%
8.98
+4176.19%
0.21
-85.43%
1.44
Long Term Debt
23.73
+226.02%
7.28
Long Term Capital Lease Obligation
0.95
-44.27%
1.70
+710.00%
0.21
-85.43%
1.44
Non Current Deferred Liabilities
9.38
+1.85%
9.21
+0.18%
9.19
0.00
Non Current Deferred Revenue
9.26
+2.27%
9.05
-1.48%
9.19
0.00
Non Current Deferred Taxes Liabilities
0.12
-23.53%
0.15
0.00
Other Non Current Liabilities
0.37
0.52
-13.71%
0.60
Stockholders Equity
437.37
+64.27%
266.25
-23.53%
348.19
-42.70%
607.67
Common Stock Equity
437.37
+64.27%
266.25
-23.53%
348.19
-42.70%
607.67
Capital Stock
0.00
0.00
0.00
0.00
Common Stock
0.00
0.00
0.00
0.00
Share Issued
10,743.11
+92.07%
5,593.44
+48.29%
3,772.08
+34.52%
2,804.14
Ordinary Shares Number
10,376.13
+93.43%
5,364.16
+52.61%
3,514.97
+40.82%
2,496.00
Treasury Shares Number
366.98
+60.06%
229.28
-10.82%
257.11
-16.56%
308.14
Additional Paid In Capital
1,177.06
+44.18%
816.36
+24.85%
653.86
+32.84%
492.22
Retained Earnings
-660.76
-46.68%
-450.49
-105.11%
-219.63
-212.91%
194.52
Gains Losses Not Affecting Retained Earnings
-41.76
+1.89%
-42.56
-46.84%
-28.99
-31.63%
-22.02
Treasury Stock
37.17
-34.85%
57.05
+0.00%
57.05
+0.00%
57.05
Other Equity Adjustments
-41.76
+1.89%
-42.56
-46.84%
-28.99
-31.63%
-22.02
Total Equity Gross Minority Interest
437.37
+64.27%
266.25
-23.53%
348.19
-42.70%
607.67
Total Capitalization
461.10
+68.57%
273.53
-21.44%
348.19
-42.70%
607.67
Working Capital
302.20
+94.40%
155.45
-31.96%
228.49
-52.44%
480.46
Invested Capital
489.61
+36.65%
358.30
+2.91%
348.19
-42.70%
607.67
Total Debt
54.90
-42.20%
94.99
+6561.15%
1.43
-62.02%
3.75
Capital Lease Obligations
2.65
-9.67%
2.94
+106.03%
1.43
-62.02%
3.75
Net Tangible Assets
436.68
+64.57%
265.35
-23.79%
348.19
-42.70%
607.67
Tangible Book Value
436.68
+64.57%
265.35
-23.79%
348.19
-42.70%
607.67
Current Notes Payable
Current Provisions
8.05
+1283.16%
0.58
-97.30%
21.58
+71.22%
12.61
Derivative Product Liabilities
0.00
Investmentin Financial Assets
2.85
+2.26%
2.78
-1.49%
2.82
-1.67%
2.87
Line Of Credit
Other Equity Interest
-0.00
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
-271.22
-36.11%
-199.26
-61.19%
-123.62
+32.30%
-182.60
Cash Flow From Continuing Operating Activities
-271.22
-36.11%
-199.26
-61.19%
-123.62
+32.30%
-182.60
Net Income From Continuing Operations
-210.27
+15.81%
-249.75
+39.70%
-414.15
-692.63%
69.88
Depreciation Amortization Depletion
47.56
+67.37%
28.42
-52.35%
59.64
+77.03%
33.69
Depreciation
47.35
+67.56%
28.26
-52.62%
59.64
+77.03%
33.69
Amortization Cash Flow
0.21
+33.33%
0.16
0.00
0.00
Depreciation And Amortization
47.56
+67.37%
28.42
-52.35%
59.64
+77.03%
33.69
Amortization Of Intangibles
0.21
+33.33%
0.16
0.00
0.00
Other Non Cash Items
-82.78
+26.20%
-112.16
-104.26%
-54.91
-104.56%
-26.84
Stock Based Compensation
22.80
-26.26%
30.92
-26.52%
42.07
-33.23%
63.02
Provisionand Write Offof Assets
3.99
+33.77%
2.98
-69.66%
9.83
-9.84%
10.90
Asset Impairment Charge
26.64
-76.59%
113.77
-45.51%
208.78
+125.74%
92.49
Deferred Tax
1.00
-98.64%
73.08
+259.97%
-45.69
-486.39%
-7.79
Deferred Income Tax
1.00
-98.64%
73.08
+259.97%
-45.69
-486.39%
-7.79
Operating Gains Losses
8.37
+165.42%
-12.80
+16.98%
-15.42
-837.90%
-1.64
Gain Loss On Investment Securities
9.47
+153.81%
-17.61
-186.98%
-6.13
-72.08%
-3.57
Unrealized Gain Loss On Investment Securities
74.76
+147.94%
30.15
-56.99%
70.12
+1947.62%
-3.79
Net Foreign Currency Exchange Gain Loss
0.48
-96.03%
12.02
+229.22%
-9.30
-363.48%
-2.01
Gain Loss On Sale Of PPE
-1.58
+78.16%
-7.21
-40183.33%
0.02
-95.04%
0.36
Change In Working Capital
-163.29
-57.22%
-103.86
-744.71%
16.11
+103.91%
-412.50
Change In Receivables
-17.66
-18307.22%
0.10
+103.22%
-3.01
-5291.38%
0.06
Changes In Account Receivables
-17.66
-18307.22%
0.10
+103.22%
-3.01
-5291.38%
0.06
Change In Inventory
-138.32
-7.00%
-129.27
-4.52%
-123.68
+46.73%
-232.16
Change In Prepaid Assets
-8.08
-118.66%
43.32
-64.63%
122.47
+274.20%
-70.30
Change In Payables And Accrued Expense
16.91
+191.79%
-18.43
-145.67%
-7.50
-108.07%
92.90
Change In Accrued Expense
6.78
+125.82%
-26.24
-514.37%
6.33
-89.50%
60.29
Change In Payable
10.14
+29.83%
7.81
+156.46%
-13.83
-142.42%
32.61
Change In Account Payable
10.84
+50.11%
7.22
+170.55%
-10.24
-121.66%
47.26
Change In Other Working Capital
-15.11
-414.70%
4.80
-74.76%
19.03
+109.57%
-198.73
Change In Other Current Assets
-0.00
+99.83%
-1.76
-187.55%
2.01
+198.82%
-2.03
Change In Other Current Liabilities
-1.02
+60.94%
-2.62
-138.61%
6.80
+404.89%
-2.23
Investing Cash Flow
56.73
-6.96%
60.97
+53.86%
39.63
+589.05%
-8.10
Cash Flow From Continuing Investing Activities
56.73
-6.96%
60.97
+53.86%
39.63
+589.05%
-8.10
Net PPE Purchase And Sale
-23.93
-127.41%
-10.52
-934.51%
-1.02
+94.27%
-17.75
Purchase Of PPE
-24.61
-27.50%
-19.30
-482.85%
-3.31
+81.34%
-17.75
Sale Of PPE
0.69
-92.19%
8.78
+282.70%
2.29
0.00
Capital Expenditure
-37.03
-91.83%
-19.30
-482.85%
-3.31
+81.34%
-17.75
Net Investment Purchase And Sale
0.00
0.00
Purchase Of Investment
0.00
0.00
Sale Of Investment
0.00
0.00
Net Intangibles Purchase And Sale
80.66
+12.82%
71.49
+75.90%
40.65
+321.54%
9.64
Purchase Of Intangibles
-12.42
0.00
0.00
Financing Cash Flow
197.88
+41.60%
139.75
+55.27%
90.00
+260.21%
-56.18
Cash Flow From Continuing Financing Activities
197.88
+41.60%
139.75
+55.27%
90.00
+260.21%
-56.18
Net Issuance Payments Of Debt
-16.97
-270.80%
9.94
0.00
0.00
Issuance Of Debt
0.00
-100.00%
9.94
0.00
0.00
Repayment Of Debt
-16.97
0.00
0.00
0.00
Long Term Debt Issuance
0.00
-100.00%
9.94
0.00
0.00
Long Term Debt Payments
-16.97
0.00
0.00
0.00
Net Long Term Debt Issuance
-16.97
-270.80%
9.94
0.00
0.00
Net Common Stock Issuance
116.81
+15109.64%
0.77
-98.87%
67.85
+351.46%
-26.98
Common Stock Payments
-5.00
0.00
0.00
+100.00%
-37.38
Repurchase Of Capital Stock
-5.00
0.00
0.00
+100.00%
-37.38
Proceeds From Stock Option Exercised
0.00
0.00
+100.00%
-6.61
Net Other Financing Charges
-1.61
-109.51%
-0.77
+68.26%
-2.42
+89.28%
-22.59
Changes In Cash
-16.61
-1239.03%
1.46
-75.75%
6.01
+102.44%
-246.88
Effect Of Exchange Rate Changes
0.90
+179.80%
-1.12
+90.15%
-11.41
+85.74%
-80.02
Beginning Cash Position
96.49
+0.35%
96.15
-5.31%
101.55
-76.30%
428.45
End Cash Position
80.78
-16.28%
96.49
+0.35%
96.15
-5.31%
101.55
Free Cash Flow
-308.25
-41.03%
-218.57
-72.19%
-126.93
+36.64%
-200.35
Interest Paid Supplemental Data
1.34
+261.62%
0.37
0.00
0.00
Income Tax Paid Supplemental Data
1.44
+2663.46%
0.05
-98.19%
2.88
-93.67%
45.42
Change In Income Tax Payable
-0.70
-219.22%
0.59
+116.35%
-3.60
+75.46%
-14.65
Change In Tax Payable
-0.70
-219.22%
0.59
+116.35%
-3.60
+75.46%
-14.65
Common Stock Issuance
121.81
+15760.68%
0.77
-98.87%
67.85
+552.59%
10.40
Issuance Of Capital Stock
221.46
+69.60%
130.58
+41.28%
92.42
+788.96%
10.40
Net Preferred Stock Issuance
99.65
-23.23%
129.81
+428.22%
24.57
0.00
Preferred Stock Issuance
99.65
-23.23%
129.81
+428.22%
24.57
0.00
Sale Of Intangibles
93.08
+30.19%
71.49
+75.90%
40.65
+321.54%
9.64
SEC Filings

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