Canaan Inc. (CAN) Financials

$0.59

$0.01 (-2.24%)
Last update: 04:00 PM EST
Day's range
$0.59
Day's range
$0.61
$3B$3B$2B$2B$1B$1B$0$0-$1B-$1B-$2B-$2BEarning2018201820192019202020202021202120222022202320232024202450%50%0%0%-50%-50%-100%-100%-150%-150%-200%-200%Profit Margin
Profit Margin
Revenue
Earnings

CAN Income statement / Annual

Last year (2024), Canaan Inc.'s total revenue was $269.32 M, an increase of 27.35% from the previous year. In 2024, Canaan Inc.'s net income was -$249.75 M. See Canaan Inc.,s key income statements, including revenue, expenses, profit, and income.

Period FY-2024 FY-2023 FY-2022 FY-2021 FY-2020 FY-2019 FY-2018 FY-2017
Period Ended 12/31/2024 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019 12/31/2018 12/31/2017
Operating Revenue $269.32 M $211.48 M $656.32 M $771.14 M $68.58 M $1.42 B $2.71 B $1.31 B
Cost of Revenue $353.64 M $452.26 M $424.34 M $330.31 M $62.80 M $1.94 B $2.20 B $703.70 M
Gross Profit -$84.32 M -$240.78 M $231.98 M $440.83 M $5.79 M -$516.00 M $508.12 M $604.38 M
Gross Profit Ratio -0.31 -1.14 0.35 0.57 0.08 -0.36 0.19 0.46
Research and Development Expenses $61.32 M $64.85 M $82.36 M $52.06 M $21.45 M $168.98 M $189.68 M $99.77 M
General & Administrative Expenses $71.69 M $71.25 M $88.73 M $90.87 M $20.09 M $347.03 M $146.68 M $125.26 M
Selling & Marketing Expenses $5.71 M $8.18 M $9.48 M $15.52 M $3.06 M $21.92 M $38.73 M $20.72 M
Selling, General & Administrative Expenses $77.40 M $79.42 M $98.43 M $106.39 M $23.22 M $369.55 M $185.42 M $145.99 M
Other Expenses $4.09 M $25.83 M $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Operating Expenses $142.81 M $170.10 M $145.39 M $125.82 M $39.56 M $505.38 M $262.20 M $209.26 M
Cost And Expenses $496.45 M $622.36 M $569.72 M $456.13 M $102.36 M $2.44 B $2.46 B $912.96 M
Interest Income $536.00 K $956.00 K $2.39 M $1.17 M $828.76 K $13.13 M $45.67 M $5.84 M
Interest Expense $521.00 K $0.00 $0.00 $0.00 $549.03 K $2.86 M $7.71 M $0.00
Depreciation & Amortization $28.42 M $59.64 M $33.94 M $2.18 M $4.79 M $34.16 M $13.15 M $9.08 M
EBITDA -$143.33 M -$330.11 M $84.51 M $285.16 M -$34.11 M -$1.02 B $38.73 M $62.81 M
EBITDA Ratio -0.53 -1.56 0.13 0.37 -0.5 -0.72 0.01 0.05
Operating Income Ratio -0.84 -1.94 0.07 0.37 -0.57 -0.74 0.09 0.3
Total Other Income/Expenses Net $54.86 M -$54.61 M $46.05 M $33.81 M $5.94 M $904.71 M $9.77 M $345.85 M
Income Before Tax -$172.27 M -$465.49 M $88.98 M $316.19 M -$32.95 M -$1.03 B $200.24 M $400.97 M
Income Before Tax Ratio -0.64 -2.2 0.14 0.41 -0.48 -0.73 0.07 0.31
Income Tax Expense $77.48 M -$51.34 M $18.59 M $7.75 M $0.00 $0.00 $77.81 M $25.15 M
Net Income -$249.75 M -$414.15 M $70.40 M $308.44 M -$32.95 M -$1.03 B $122.43 M $375.82 M
Net Income Ratio -0.93 -1.96 0.11 0.4 -0.48 -0.73 0.05 0.29
EPS -0.92 -2.41 0.41 1.84 -0.21 -1.04 0.14 0.44
EPS Diluted -0.92 -2.41 0.41 1.8 -0.21 -1.04 0.13 0.44
Weighted Average Shares Out $271.49 M $171.92 M $171.92 M $171.71 M $156.38 M $143.53 M $131.86 M $131.45 M
Weighted Average Shares Out Diluted $271.49 M $171.95 M $171.86 M $171.74 M $156.38 M $143.54 M $131.88 M $131.44 M
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