Security
Canaan Inc. American Depositary Shares · CAN
CANNASDAQotherCurrentCIK 1780652Updated Oct 20, 2026
CAN price & chart
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NASDAQ:CAN on TradingView ↗About the company
Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan's founding team shipped to its customers the world's first batch of mining machines incorporating ASIC technology under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.
In the news
Canaan Inc. Provides September 2026 Bitcoin Production and Mining Operation Updates ↗
Seeking Alpha
Canadian Gold Resources announces interim CEO transition ↗
Canaan falls premarket as September Bitcoin mining update lands ↗
Canaan Inc. 2026 Q2 - Results - Earnings Call Presentation ↗
SEC disclosures
Canaan Inc. IPO declared effective by SEC ↗
Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| ASSETS | ||||
| AssetsUSD | 602,884,000Source | 463,011,000Source | 493,297,000Source | 692,169,000Source |
| Property, Plant and Equipment, NetUSD | 44,028,000Source | 40,163,000Source | 29,466,000Source | 86,700,000Source |
| Current assets: | ||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 80,778,000Source | 96,488,000Source | — | 707,261,000Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 19,290,000Source | 1,514,000Source | 2,997,000Source | — |
| Inventory, NetUSD | 180,816,000Source | 94,620,000Source | 142,287,000Source | 213,708,000Source |
| Assets, CurrentUSD | 433,290,000Source | 334,021,000Source | 363,680,000Source | 561,144,000Source |
| Prepaid Expense and Other Assets, CurrentUSD | 99,707,000Source | 90,874,000Source | 122,242,000Source | 244,893,000Source |
| Operating Lease, Right-of-Use AssetUSD | 2,880,000Source | 3,495,000Source | 1,690,000Source | 4,292,000Source |
| Other Assets, NoncurrentUSD | 489,000Source | 476,000Source | 486,000Source | 2,528,000Source |
| LIABILITIES AND EQUITY | ||||
| LiabilitiesUSD | 165,516,000Source | 196,757,000Source | 145,110,000Source | 78,046,000Source |
| Stockholders’ equity: | ||||
| Common Stock, Value, IssuedCNY | — | — | — | 1,000Source |
| Retained Earnings (Accumulated Deficit)USD | -660,757,000Source | -450,490,000Source | -219,631,000Source | 176,882,000Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | -56,653,000Source | -57,456,000Source | -43,879,000Source | -702,000Source |
| Stockholders' Equity Attributable to ParentUSD | 437,368,000Source | 266,254,000Source | 348,187,000Source | 614,123,000Source |
| Additional Paid in Capital, Common StockUSD | 1,177,057,000Source | 816,363,000Source | 653,860,000Source | 478,242,000Source |
| Liabilities and EquityUSD | 602,884,000Source | 463,011,000Source | 493,297,000Source | 692,169,000Source |
| Current liabilities: | ||||
| Liabilities, CurrentUSD | 131,089,000Source | 178,569,000Source | 135,193,000Source | 75,986,000Source |
| Operating Lease, Liability, CurrentUSD | 1,706,000Source | 1,237,000Source | 1,216,000Source | 2,337,000Source |
| Accounts Payable, CurrentUSD | 25,600,000Source | 13,975,000Source | 6,245,000Source | 16,867,000Source |
| Operating Lease, Liability, NoncurrentUSD | 948,000Source | 1,701,000Source | 210,000Source | 1,456,000Source |
| Deferred Income Tax Liabilities, NetUSD | 117,000Source | 153,000Source | — | — |
| Other Liabilities, NoncurrentUSD | 9,631,000Source | 9,055,000Source | 9,707,000Source | 604,000Source |
| Additional Financial Items | ||||
| Deferred Tax Liabilities, NetUSD | 117,000Source | 153,000Source | — | — |
| Long-term Debt, Current MaturitiesUSD | 28,515,000Source | 16,658,000Source | — | — |
| Long-term Debt, Excluding Current MaturitiesUSD | 23,731,000Source | 7,279,000Source | — | — |
cash flow · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Cash flows from operating activities: | ||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | -210,267,000Source | -249,752,000Source | -414,153,000Source | 70,514,000Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Share-based Payment Arrangement, Noncash ExpenseUSD | 22,799,000Source | 30,916,000Source | 42,074,000Source | 59,067,000Source |
| Changes in operating assets and liabilities: | ||||
| Increase (Decrease) in Accounts ReceivableUSD | 17,661,000Source | -97,000Source | 3,011,000Source | -53,000Source |
| Increase (Decrease) in InventoriesUSD | 138,321,000Source | 129,272,000Source | 123,679,000Source | 226,055,000Source |
| Deferred Income Tax Expense (Benefit)USD | 72,000Source | 66,150,000Source | -45,686,000Source | -93,854,000Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | -271,218,000Source | -199,262,000Source | -123,620,000Source | -246,000,000Source |
| Cash flows from investing activities: | ||||
| Net Cash Provided by (Used in) Investing ActivitiesUSD | 56,732,000Source | 60,973,000Source | 39,628,000Source | -4,396,000Source |
| Payments to Acquire Property, Plant, and EquipmentUSD | 24,612,000Source | 19,304,000Source | 3,312,000Source | 13,792,000Source |
| Cash flows from financing activities: | ||||
| Payments for Repurchase of Common StockUSD | 5,000,000Source | — | — | 33,971,000Source |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | 197,879,000Source | 139,747,000Source | 90,005,000Source | -52,991,000Source |
| Repayments of Long-term DebtUSD | 16,972,000Source | — | — | — |
| Supplemental disclosure of cash flow information: | ||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | 1,338,000Source | 370,000Source | — | — |
| Income Taxes Paid, NetUSD | 1,437,000Source | — | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 212,000Source | 159,000Source | — | — |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 0Source | 0Source | 0Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,525,000Source | 14,135,000Source | 12,309,000Source | 35,225,000Source |
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber PropertyUSD | 1,576,000Source | 7,215,000Source | -18,000Source | -39,000Source |
| Gain (Loss) on Disposition of Intangible AssetsUSD | — | — | 6,135,000Source | -169,000Source |
| Gain (Loss) on InvestmentsCNY | — | — | — | 0Source |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | 1,576,000Source | 7,215,000Source | — | — |
| General and Administrative ExpenseUSD | 68,066,000Source | 71,691,000Source | 71,249,000Source | 84,168,000Source |
| Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)USD | — | — | 4,706,000Source | 7,678,000Source |
| Income Tax Expense (Benefit)USD | 2,778,000Source | 77,483,000Source | -51,340,000Source | 17,979,000Source |
| InterestExpenseNonoperatingUSD | 1,966,000Source | 521,000Source | — | — |
| Inventory Write-downUSD | 14,055,000Source | 90,807,000Source | 174,838,000Source | 67,748,000Source |
| Investment Income, InterestUSD | 266,000Source | 536,000Source | 956,000Source | 2,311,000Source |
| Net Income (Loss) Attributable to ParentUSD | -210,267,000Source | -249,752,000Source | -414,153,000Source | 70,514,000Source |
| Operating ExpensesUSD | 153,387,000Source | 142,810,000Source | 170,101,000Source | 180,231,000Source |
| Other Nonoperating Income (Expense)USD | -337,000Source | -5,025,000Source | 2,240,000Source | 3,212,000Source |
| Payments for Repurchase of WarrantsUSD | — | — | — | 6,420,000Source |
| Proceeds from Issuance of Common StockUSD | — | — | 65,430,000Source | — |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 529,735,000Source | 269,324,000Source | 211,477,000Source | 634,882,000Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Operating Income (Loss)USD | -112,229,000Source | -227,130,000Source | -410,881,000Source | 44,179,000Source |
| Other Nonoperating Income (Expense)USD | -337,000Source | -5,025,000Source | 2,240,000Source | 3,212,000Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -207,489,000Source | -172,269,000Source | -465,493,000Source | 88,493,000Source |
| Income Tax Expense (Benefit)USD | 2,778,000Source | 77,483,000Source | -51,340,000Source | 17,979,000Source |
| Net Income (Loss) Attributable to ParentUSD | -210,267,000Source | -249,752,000Source | -414,153,000Source | 70,514,000Source |
| Earnings Per Share, BasicUSD per share | -2.99Source | -6.13Source | -16.06Source | 2.75Source |
| Earnings Per Share, DilutedUSD per share | -2.99Source | -6.13Source | -16.06Source | 2.74Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 7,042,820,966Source | 4,072,386,826Source | 2,579,202,596Source | 2,560,106,403Source |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 7,042,820,966Source | 4,072,386,826Source | 2,579,202,596Source | 2,577,892,069Source |
| Interest Expense (non-operating)USD | 1,966,000Source | 521,000Source | — | — |
| Additional Financial Items | ||||
| Amortization of Intangible AssetsUSD | 212,000Source | 159,000Source | — | — |
| Current Income Tax Expense (Benefit)USD | 2,706,000Source | 11,333,000Source | -5,654,000Source | 217,856,000Source |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual AmountUSD | 0Source | 0Source | 0Source | — |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -3,525,000Source | 14,135,000Source | 12,309,000Source | 35,225,000Source |
| Gain (Loss) on InvestmentsCNY | — | — | — | 0Source |
| General and Administrative ExpenseUSD | 68,066,000Source | 71,691,000Source | 71,249,000Source | 84,168,000Source |
| Gross ProfitUSD | 41,158,000Source | -84,320,000Source | -240,780,000Source | 224,410,000Source |
| Interest Expense, DebtUSD | 1,966,000Source | 521,000Source | — | — |
| Investment Income, InterestUSD | 266,000Source | 536,000Source | 956,000Source | 2,311,000Source |
| Operating ExpensesUSD | 153,387,000Source | 142,810,000Source | 170,101,000Source | 180,231,000Source |
| Other Cost of Operating RevenueUSD | 2,307,000Source | 817,000Source | 2,308,000Source | — |
| Other IncomeUSD | 2,716,000Source | 2,069,000Source | 622,000Source | — |
| Research and Development ExpenseUSD | 63,145,000Source | 61,323,000Source | 64,845,000Source | 79,256,000Source |
| Selling and Marketing ExpenseUSD | 13,585,000Source | 5,708,000Source | 8,175,000Source | 9,129,000Source |
Offerings
Registration 333-285125
Filing attachments
tm2627811d1_ex99-1.htm · 6-K · 2026-10-19
Exhibit 99.1 Canaan Announces Appointment of KPMG in Singapore as Independent Auditor SINGAPORE, October 19, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in compute and energy infrastructure, today announced that, effective October 19, 2026, the Company engaged KPMG LLP (“KPMG in Singapore”) as the independent auditor of the Company, to replace KPMG Huazhen LLP (“KPMG Huazhen”). The change of the Company’s independent auditor was made following a ca…
Read attachment ↗tm2627656d1_ex99-1.htm · 6-K · 2026-10-15
Exhibit 99.1 Canaan Inc. Provides September 2026 Bitcoin Production and Mining Operation Updates Nordic district heating project is now fully operational Treasury now 1,875 BTC with 44 BTC mined in September SINGAPORE, Oct 15, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in compute and energy infrastructure, today released its unaudited bitcoin mining update for the month ending September 30, 2026. Management Commentary “Bitcoin markets continued…
Read attachment ↗tm2625372d1_ex99-1.htm · 6-K · 2026-09-14
Exhibit 99.1 Canaan Inc. Provides August 2026 Bitcoin Production and Mining Operation Updates Sold all ETH holdings and 54 BTC near short-term highs and repurchased 13.6 million ADSs Equipment installation set to begin at Canadian compute heat recovery project SINGAPORE, Sept. 14, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in compute and energy infrastructure, today released its unaudited bitcoin mining update for the month ending August 31, 2026…
Read attachment ↗tm2625192d1_ex99-1.htm · 6-K · 2026-09-11
Exhibit 99.1 INDEX TO CONSOLIDATED FINANCIAL STATEMENTS Unaudited Consolidated Balance Sheets as of December 31, 2025 and June 30, 2026 F-2 Unaudited Consolidated Statements of Comprehensive Loss for the six months ended June 30, 2025 and 2026 F-4 Unaudited Consolidated Statements of Cash Flows for the six months ended June 30, 2025 and 2026 F-6 ────────────────────────────────────────────────────────────────────────────────────────────────…
Read attachment ↗tm2624951d1_ex99-1.htm · 6-K · 2026-09-08
Exhibit 99.1 Canaan Inc. Reports Unaudited Second Quarter 2026 Financial Results Reached a record 1,915 BTC and 3,952 ETH cryptocurrency treasury 1 Mined 243 bitcoins in the Second Quarter 2026 Repurchased approximately 16.4 million ADSs for an Aggregate of US$7.4 million as of September 8, 2026 Singapore, September 8, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in compute and energy infrastructure, today announced its unaudited financial results…
Read attachment ↗tm2623380d1_ex99-1.htm · 6-K · 2026-08-17
Exhibit 99.1 Canaan Inc. Provides July 2026 Bitcoin Production and Mining Operation Updates SINGAPORE, August 17, 2026 /PRNewswire/ -- Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), an innovator in compute and energy infrastructure, today released its unaudited bitcoin mining update for the month ending July 31, 2026. Management Commentary “July was a month of continued operational discipline as we navigated a dynamic mining environment,” said Nangeng Zhang, chairman and chief execut…
Read attachment ↗