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Side-by-side financial comparison of Xiao-I Corp (AIXI) and Canaan Inc. (CAN). Click either name above to swap in a different company.
Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $11.5M, roughly 1.8× Xiao-I Corp). Canaan Inc. runs the higher net margin — -18.4% vs -263.9%, a 245.4% gap on every dollar of revenue.
Xiao-i is a Chinese cognitive artificial intelligence enterprise founded in 2001.
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.
AIXI vs CAN — Head-to-Head
Income Statement — Q2 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $11.5M | $20.8M |
| Net Profit | $-30.4M | $-3.8M |
| Gross Margin | 58.1% | 99.9% |
| Operating Margin | -254.9% | -15.9% |
| Net Margin | -263.9% | -18.4% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | — | $-0.05 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | — | $20.8M | ||
| Q3 25 | — | $13.8M | ||
| Q2 25 | $11.5M | $11.4M | ||
| Q3 24 | — | $10.2M | ||
| Q2 24 | $33.0M | $4.8M | ||
| Q2 23 | $26.5M | — |
| Q4 25 | — | $-3.8M | ||
| Q3 25 | — | $-1.5M | ||
| Q2 25 | $-30.4M | $-11.9M | ||
| Q3 24 | — | $-10.4M | ||
| Q2 24 | $-15.5M | $-5.4M | ||
| Q2 23 | $-18.8M | — |
| Q4 25 | — | 99.9% | ||
| Q3 25 | — | 99.9% | ||
| Q2 25 | 58.1% | 99.9% | ||
| Q3 24 | — | 99.9% | ||
| Q2 24 | 64.5% | 99.8% | ||
| Q2 23 | 77.3% | — |
| Q4 25 | — | -15.9% | ||
| Q3 25 | — | -27.0% | ||
| Q2 25 | -254.9% | -45.5% | ||
| Q3 24 | — | -77.2% | ||
| Q2 24 | -45.0% | -193.9% | ||
| Q2 23 | -51.5% | — |
| Q4 25 | — | -18.4% | ||
| Q3 25 | — | -11.0% | ||
| Q2 25 | -263.9% | -104.4% | ||
| Q3 24 | — | -102.7% | ||
| Q2 24 | -47.2% | -112.3% | ||
| Q2 23 | -70.9% | — |
| Q4 25 | — | $-0.05 | ||
| Q3 25 | — | $-0.02 | ||
| Q2 25 | — | $-0.25 | ||
| Q3 24 | — | — | ||
| Q2 24 | $-0.64 | — | ||
| Q2 23 | $-0.80 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $5.0M | — |
| Total DebtLower is stronger | — | $6.2M |
| Stockholders' EquityBook value | — | $52.4M |
| Total Assets | $82.4M | $92.5M |
| Debt / EquityLower = less leverage | — | 0.12× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $5.0M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | $1.8M | — | ||
| Q2 23 | $4.7M | — |
| Q4 25 | — | $6.2M | ||
| Q3 25 | — | $6.2M | ||
| Q2 25 | — | $6.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
| Q4 25 | — | $52.4M | ||
| Q3 25 | — | $44.7M | ||
| Q2 25 | — | $33.8M | ||
| Q3 24 | — | $43.6M | ||
| Q2 24 | — | $56.8M | ||
| Q2 23 | $525.1K | — |
| Q4 25 | — | $92.5M | ||
| Q3 25 | — | $81.7M | ||
| Q2 25 | $82.4M | $78.0M | ||
| Q3 24 | — | $69.3M | ||
| Q2 24 | $87.6M | $73.7M | ||
| Q2 23 | $51.3M | — |
| Q4 25 | — | 0.12× | ||
| Q3 25 | — | 0.14× | ||
| Q2 25 | — | 0.18× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-2.3M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $-2.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
