Canaan Inc.CANEarnings & Financial Report
Nasdaq · Financials · Finance Services
Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.
Revenue
$11.4M
Gross Profit
$11.4M
Operating Profit
$-5.2M
Net Profit
$-11.9M
Gross Margin
99.9%
Operating Margin
-45.5%
Net Margin
-104.4%
YoY Growth
N/A
EPS
$-0.25
Canaan Inc. Q1 FY2025 Financial Summary
Canaan Inc. reported revenue of $11.4M for Q1 FY2025, with a net profit of $-11.9M (-104.4% margin). Cost of goods sold was $10.5K, operating expenses totaled $16.6M.
Key Financial Metrics
| Total Revenue | $11.4M |
|---|---|
| Net Profit | $-11.9M |
| Gross Margin | 99.9% |
| Operating Margin | -45.5% |
| Report Period | Q1 FY2025 |
Canaan Inc. Quarterly Revenue & Net Profit History
Canaan Inc. results over the last 6 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $20.8M | — | $-3.8M | -18.4% |
| Q2 FY2025 | $13.8M | — | $-1.5M | -11.0% |
| Q1 FY2025 | $11.4M | — | $-11.9M | -104.4% |
| Q3 FY2024 | $10.2M | — | $-10.4M | -102.7% |
| Q2 FY2024 | $9.9M | — | $-5.8M | -58.3% |
| Q1 FY2024 | $4.8M | — | $-5.4M | -112.3% |
Income Statement
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $4.8M | $9.9M | $10.2M | $11.4M | $13.8M | $20.8M |
| YoY Growth | N/A | N/A | N/A | N/A | N/A | N/A |
Balance Sheet
| Q1 2024 | Q2 2024 | Q3 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|
| Assets | $73.7M | $72.5M | $69.3M | $78.0M | $81.7M | $92.5M |
| Liabilities | $16.9M | $20.3M | $25.7M | $44.3M | $37.1M | $40.0M |
| Equity | $56.8M | $52.2M | $43.6M | $33.8M | $44.7M | $52.4M |
Cash Flow
No data available for this period