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Side-by-side financial comparison of Canaan Inc. (CAN) and CSP INC (CSPI). Click either name above to swap in a different company.
Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $12.0M, roughly 1.7× CSP INC). CSP INC runs the higher net margin — 0.8% vs -18.4%, a 19.2% gap on every dollar of revenue.
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.
CSP Inc. is a U.S.-based technology firm offering cybersecurity solutions, managed IT services, high-performance computing systems, and IT consulting support. It serves enterprises across healthcare, finance, manufacturing, and public sectors in North America and select global markets.
CAN vs CSPI — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $20.8M | $12.0M |
| Net Profit | $-3.8M | $91.0K |
| Gross Margin | 99.9% | 39.3% |
| Operating Margin | -15.9% | -0.9% |
| Net Margin | -18.4% | 0.8% |
| Revenue YoY | — | -23.2% |
| Net Profit YoY | — | -80.7% |
| EPS (diluted) | $-0.05 | $0.01 |
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 | $12.0M | ||
| Q3 25 | $13.8M | $14.5M | ||
| Q2 25 | $11.4M | $15.4M | ||
| Q1 25 | — | $13.1M | ||
| Q4 24 | — | $15.7M | ||
| Q3 24 | $10.2M | $13.0M | ||
| Q2 24 | $4.8M | $13.1M | ||
| Q1 24 | — | $13.7M |
| Q4 25 | $-3.8M | $91.0K | ||
| Q3 25 | $-1.5M | $-191.0K | ||
| Q2 25 | $-11.9M | $-264.0K | ||
| Q1 25 | — | $-108.0K | ||
| Q4 24 | — | $472.0K | ||
| Q3 24 | $-10.4M | $-1.7M | ||
| Q2 24 | $-5.4M | $-185.0K | ||
| Q1 24 | — | $1.6M |
| Q4 25 | 99.9% | 39.3% | ||
| Q3 25 | 99.9% | 36.6% | ||
| Q2 25 | 99.9% | 28.8% | ||
| Q1 25 | — | 32.0% | ||
| Q4 24 | — | 29.1% | ||
| Q3 24 | 99.9% | 28.4% | ||
| Q2 24 | 99.8% | 35.0% | ||
| Q1 24 | — | 47.3% |
| Q4 25 | -15.9% | -0.9% | ||
| Q3 25 | -27.0% | -3.7% | ||
| Q2 25 | -45.5% | -7.9% | ||
| Q1 25 | — | -7.6% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | -77.2% | -15.7% | ||
| Q2 24 | -193.9% | -5.5% | ||
| Q1 24 | — | 9.0% |
| Q4 25 | -18.4% | 0.8% | ||
| Q3 25 | -11.0% | -1.3% | ||
| Q2 25 | -104.4% | -1.7% | ||
| Q1 25 | — | -0.8% | ||
| Q4 24 | — | 3.0% | ||
| Q3 24 | -102.7% | -12.7% | ||
| Q2 24 | -112.3% | -1.4% | ||
| Q1 24 | — | 11.6% |
| Q4 25 | $-0.05 | $0.01 | ||
| Q3 25 | $-0.02 | $-0.02 | ||
| Q2 25 | $-0.25 | $-0.03 | ||
| Q1 25 | — | $-0.01 | ||
| Q4 24 | — | $0.05 | ||
| Q3 24 | — | $-0.17 | ||
| Q2 24 | — | $-0.02 | ||
| Q1 24 | — | $0.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.9M |
| Total DebtLower is stronger | $6.2M | — |
| Stockholders' EquityBook value | $52.4M | $44.8M |
| Total Assets | $92.5M | $69.2M |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $24.9M | ||
| Q3 25 | — | $27.4M | ||
| Q2 25 | — | $26.3M | ||
| Q1 25 | — | $29.5M | ||
| Q4 24 | — | $30.7M | ||
| Q3 24 | — | $30.6M | ||
| Q2 24 | — | $28.9M | ||
| Q1 24 | — | $27.1M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $6.2M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $52.4M | $44.8M | ||
| Q3 25 | $44.7M | $44.6M | ||
| Q2 25 | $33.8M | $47.5M | ||
| Q1 25 | — | $47.5M | ||
| Q4 24 | — | $47.5M | ||
| Q3 24 | $43.6M | $47.3M | ||
| Q2 24 | $56.8M | $48.1M | ||
| Q1 24 | — | $48.2M |
| Q4 25 | $92.5M | $69.2M | ||
| Q3 25 | $81.7M | $71.2M | ||
| Q2 25 | $78.0M | $66.8M | ||
| Q1 25 | — | $67.1M | ||
| Q4 24 | — | $67.5M | ||
| Q3 24 | $69.3M | $69.4M | ||
| Q2 24 | $73.7M | $66.8M | ||
| Q1 24 | — | $64.2M |
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.18× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | — | $-2.9M |
| Free Cash FlowOCF − Capex | — | $-3.0M |
| FCF MarginFCF / Revenue | — | -25.1% |
| Capex IntensityCapex / Revenue | — | 0.9% |
| Cash ConversionOCF / Net Profit | — | -32.04× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-2.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-2.9M | ||
| Q3 25 | — | $1.9M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $1.7M | ||
| Q3 24 | — | $-1.5M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | $1.7M |
| Q4 25 | — | $-3.0M | ||
| Q3 25 | — | $1.7M | ||
| Q2 25 | — | $-3.3M | ||
| Q1 25 | — | $1.9M | ||
| Q4 24 | — | $1.7M | ||
| Q3 24 | — | $-1.5M | ||
| Q2 24 | — | $2.4M | ||
| Q1 24 | — | $1.6M |
| Q4 25 | — | -25.1% | ||
| Q3 25 | — | 11.5% | ||
| Q2 25 | — | -21.7% | ||
| Q1 25 | — | 14.5% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | -11.7% | ||
| Q2 24 | — | 17.9% | ||
| Q1 24 | — | 11.9% |
| Q4 25 | — | 0.9% | ||
| Q3 25 | — | 1.6% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.3% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | -32.04× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.69× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 1.04× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAN
Segment breakdown not available.
CSPI
| Products | $6.7M | 56% |
| Services | $5.3M | 44% |
