Canaan Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Canaan Inc
CAN Stock  USD 0.69  0.03  4.17%   
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
20.2 M
Profit Margin
(0.52)
Market Capitalization
522.3 M
Enterprise Value Revenue
1.1481
Revenue
422.2 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 3rd of January 2026, Market Cap is likely to grow to about 732.4 M, while Enterprise Value is likely to drop about 606.4 M.

Canaan Total Revenue

230.27 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 2.11, Dividend Yield of 0.059 or PTB Ratio of 3.72. 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 Assets628.7 M416.7 M926.8 M
Slightly volatile
Other Current Liabilities31.3 M33 M58.5 M
Slightly volatile
Total Current Liabilities260 M160.7 M320.2 M
Slightly volatile
Total Stockholder Equity362.3 M239.6 M601.5 M
Slightly volatile
Net Tangible Assets5.1 B4.9 B2 B
Slightly volatile
Property Plant And Equipment Net40.5 M50.2 M30.3 M
Slightly volatile
Current Deferred Revenue54.4 M33.4 M120.5 M
Slightly volatile
Accounts Payable12.9 M16.1 M10.4 M
Slightly volatile
Cash172.9 M86.8 M189.6 M
Pretty Stable
Non Current Assets Total76.7 M148.3 M55.8 M
Slightly volatile
Non Currrent Assets Other98.2 M93.6 M23.8 M
Slightly volatile
Cash And Short Term Investments82.5 M86.8 M228.1 M
Slightly volatile
Net Receivables138.5 M131.9 M33.4 M
Slightly volatile
Common Stock Total Equity800900982
Slightly volatile
Common Stock Shares Outstanding185.7 M312.2 M162.8 M
Slightly volatile
Liabilities And Stockholders Equity628.7 M416.7 M926.8 M
Slightly volatile
Capital Surpluse2 B1.9 B1 B
Slightly volatile
Inventory165.4 M85.2 M219 M
Slightly volatile
Total Liabilities266 M177.1 M325 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 Assets572.9 M300.6 M874.1 M
Slightly volatile
Net Working Capital169.8 M178.8 M906.6 M
Very volatile
Short Term Debt81.3 M77.4 M64.6 M
Slightly volatile
Common Stock123129647
Slightly volatile
Property Plant Equipment757.8 M721.7 M225.1 M
Slightly volatile
Short and Long Term Debt Total81.2 M85.5 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 Assets770.4 K810.9 K6.4 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 Amortization25.5 M32.7 M18.1 M
Slightly volatile
Selling General Administrative96.2 M64.5 M117.6 M
Slightly volatile
Selling And Marketing Expenses4.9 M5.1 M16.4 M
Slightly volatile
Total Revenue230.3 M242.4 M1 B
Slightly volatile
Other Operating Expenses814.1 M446.8 M929 M
Pretty Stable
Research Development74 M55.2 M92.2 M
Slightly volatile
Cost Of Revenue302.4 M318.3 M706.4 M
Pretty Stable
Total Operating Expenses168.1 M128.5 M202.5 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 Flow105 M110.6 M283.4 M
Slightly volatile
Depreciation59.2 M32.7 M34.5 M
Slightly volatile
Capital Expenditures23.8 M22.2 M18.1 M
Pretty Stable
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 Ratio2.111.861.848
Pretty Stable
Dividend Yield0.0590.06640.0725
Slightly volatile
PTB Ratio3.722.42.5167
Pretty Stable
Days Sales Outstanding14714039.5411
Slightly volatile
Book Value Per Share1.071.134.1871
Slightly volatile
Average Payables6.9 M8.9 M8.3 M
Slightly volatile
Stock Based Compensation To Revenue0.07860.10.0868
Slightly volatile
Capex To Depreciation0.810.781.0139
Slightly volatile
PB Ratio3.722.42.5167
Pretty Stable
EV To Sales3.922.372.3614
Slightly volatile
Inventory Turnover4.084.33.3527
Pretty Stable
Days Of Inventory On Hand10187.89126
Pretty Stable
Payables Turnover27.6529.181.6856
Slightly volatile
Sales General And Administrative To Revenue0.150.240.1532
Slightly volatile
Average Inventory108 M93.2 M105.5 M
Slightly volatile
Research And Ddevelopement To Revenue0.130.20.1277
Slightly volatile
Capex To Revenue0.06770.06450.0207
Slightly volatile
Cash Per Share0.390.411.5934
Slightly volatile
Payout Ratio0.170.190.2078
Slightly volatile
Days Payables Outstanding9.9812.988.8771
Slightly volatile
Intangibles To Total Assets0.00210.00220.013
Slightly volatile
Current Ratio2.411.683.0629
Pretty Stable
Tangible Book Value Per Share1.071.124.1837
Slightly volatile
Receivables Turnover2.012.111.3 K
Very volatile
Shareholders Equity Per Share1.071.134.1855
Slightly volatile
Debt To Equity0.390.413.5221
Slightly volatile
Capex Per Share0.07880.08180.0828
Slightly volatile
Average Receivables9.3 M8.9 M8.8 M
Slightly volatile
Revenue Per Share1.081.147.247
Slightly volatile
Interest Debt Per Share0.380.49.8179
Pretty Stable
Debt To Assets0.220.241.2358
Very volatile
Graham Number0.80.440.9397
Slightly volatile
Operating Cycle139228159
Slightly volatile
Price Book Value Ratio3.722.42.5167
Pretty Stable
Days Of Payables Outstanding9.9812.988.8771
Slightly volatile
Dividend Payout Ratio0.170.190.2078
Slightly volatile
Ebt Per Ebit0.870.681.0203
Very volatile
Company Equity Multiplier2.332.01.831
Pretty Stable
Long Term Debt To Capitalization0.02910.03060.5707
Slightly volatile
Total Debt To Capitalization0.340.30.5483
Slightly volatile
Debt Equity Ratio0.390.413.5221
Slightly volatile
Quick Ratio1.71.212.2649
Slightly volatile
Net Income Per E B T0.751.30.9536
Pretty Stable
Cash Ratio0.710.490.6985
Slightly volatile
Cash Conversion Cycle129215150
Slightly volatile
Days Of Inventory Outstanding10187.89126
Pretty Stable
Days Of Sales Outstanding14714039.5411
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.381.261.0974
Pretty Stable
Price To Book Ratio3.722.42.5167
Pretty Stable
Fixed Asset Turnover6.747.0945.3143
Slightly volatile
Debt Ratio0.220.241.2358
Very volatile
Price Sales Ratio2.111.861.848
Pretty Stable
Asset Turnover1.060.671.0029
Slightly volatile
Price Fair Value3.722.42.5167
Pretty Stable

Canaan Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap732.4 M640 M779.3 M
Slightly volatile
Enterprise Value606.4 M638.3 M8.3 B
Slightly volatile

Canaan Fundamental Market Drivers

Forward Price Earnings2.1519
Cash And Short Term Investments96.5 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 Revenue242.4 M230.3 M
Cost Of Revenue318.3 M302.4 M
Stock Based Compensation To Revenue 0.10  0.08 
Sales General And Administrative To Revenue 0.24  0.15 
Research And Ddevelopement To Revenue 0.20  0.13 
Capex To Revenue 0.06  0.07 
Revenue Per Share 1.14  1.08 
Ebit Per Revenue(0.97)(0.92)

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 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
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Check out the analysis of Canaan Correlation against competitors.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canaan. If investors know Canaan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canaan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.92)
Earnings Share
(0.88)
Revenue Per Share
1.109
Quarterly Revenue Growth
1.044
Return On Assets
(0.15)
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. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. 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
Details
Piotroski
F Score
Details
Beneish
M Score
Details
Financial
Analysis
Details
Buy or Sell
Advice
Details
Earnings
Projections
Details
Please note, there is a significant difference between Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions
 
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