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Side-by-side financial comparison of Canaan Inc. (CAN) and CytomX Therapeutics, Inc. (CTMX). Click either name above to swap in a different company.
Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $18.7M, roughly 1.1× CytomX Therapeutics, Inc.). CytomX Therapeutics, Inc. runs the higher net margin — -0.8% vs -18.4%, a 17.6% 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.
CytomX Therapeutics is a clinical-stage biotechnology company specializing in innovative cancer immunotherapies. It leverages its proprietary Probody technology platform to develop targeted therapies that activate exclusively in tumor microenvironments, minimizing off-target toxicities, with a pipeline covering multiple solid tumor indications and partnerships with leading global pharmaceutical firms.
CAN vs CTMX — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.8M | $18.7M |
| Net Profit | $-3.8M | $-154.0K |
| Gross Margin | 99.9% | — |
| Operating Margin | -15.9% | -6.9% |
| Net Margin | -18.4% | -0.8% |
| Revenue YoY | — | -25.7% |
| Net Profit YoY | — | 97.6% |
| 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 | $11.4M | $18.7M | ||
| Q1 25 | — | $50.9M | ||
| Q4 24 | — | $38.1M | ||
| Q3 24 | $10.2M | $33.4M | ||
| Q2 24 | $4.8M | $25.1M | ||
| Q1 24 | — | $41.5M |
| Q4 25 | $-3.8M | — | ||
| Q3 25 | $-1.5M | — | ||
| Q2 25 | $-11.9M | $-154.0K | ||
| Q1 25 | — | $23.5M | ||
| Q4 24 | — | $18.9M | ||
| Q3 24 | $-10.4M | $5.7M | ||
| Q2 24 | $-5.4M | $-6.5M | ||
| Q1 24 | — | $13.8M |
| Q4 25 | 99.9% | — | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 99.9% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.8% | — | ||
| Q1 24 | — | — |
| Q4 25 | -15.9% | — | ||
| Q3 25 | -27.0% | — | ||
| Q2 25 | -45.5% | -6.9% | ||
| Q1 25 | — | 44.4% | ||
| Q4 24 | — | 46.4% | ||
| Q3 24 | -77.2% | 12.3% | ||
| Q2 24 | -193.9% | -33.7% | ||
| Q1 24 | — | 28.1% |
| Q4 25 | -18.4% | — | ||
| Q3 25 | -11.0% | — | ||
| Q2 25 | -104.4% | -0.8% | ||
| Q1 25 | — | 46.2% | ||
| Q4 24 | — | 49.6% | ||
| Q3 24 | -102.7% | 17.2% | ||
| Q2 24 | -112.3% | -26.0% | ||
| Q1 24 | — | 33.3% |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $-0.25 | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $49.0M |
| Total DebtLower is stronger | $6.2M | — |
| Stockholders' EquityBook value | $52.4M | $119.9M |
| Total Assets | $92.5M | $175.1M |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $49.0M | ||
| Q1 25 | — | $47.6M | ||
| Q4 24 | — | $38.1M | ||
| Q3 24 | — | $40.6M | ||
| Q2 24 | — | $43.2M | ||
| Q1 24 | — | $36.2M |
| 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 | — | ||
| Q3 25 | $44.7M | — | ||
| Q2 25 | $33.8M | $119.9M | ||
| Q1 25 | — | $25.0M | ||
| Q4 24 | — | $-456.0K | ||
| Q3 24 | $43.6M | $-23.5M | ||
| Q2 24 | $56.8M | $-31.2M | ||
| Q1 24 | — | $-31.7M |
| Q4 25 | $92.5M | — | ||
| Q3 25 | $81.7M | — | ||
| Q2 25 | $78.0M | $175.1M | ||
| Q1 25 | — | $98.5M | ||
| Q4 24 | — | $120.5M | ||
| Q3 24 | $69.3M | $139.0M | ||
| Q2 24 | $73.7M | $159.2M | ||
| Q1 24 | — | $184.7M |
| 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 | — | $-15.8M |
| Free Cash FlowOCF − Capex | — | $-15.8M |
| FCF MarginFCF / Revenue | — | -84.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-77.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-15.8M | ||
| Q1 25 | — | $-21.0M | ||
| Q4 24 | — | $-19.9M | ||
| Q3 24 | — | $-20.7M | ||
| Q2 24 | — | $-19.5M | ||
| Q1 24 | — | $-26.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | $-15.8M | ||
| Q1 25 | — | $-21.2M | ||
| Q4 24 | — | $-20.0M | ||
| Q3 24 | — | $-20.7M | ||
| Q2 24 | — | $-19.6M | ||
| Q1 24 | — | $-26.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | -84.6% | ||
| Q1 25 | — | -41.6% | ||
| Q4 24 | — | -52.5% | ||
| Q3 24 | — | -62.1% | ||
| Q2 24 | — | -78.2% | ||
| Q1 24 | — | -63.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | 0.4% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | -0.89× | ||
| Q4 24 | — | -1.05× | ||
| Q3 24 | — | -3.61× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | -1.89× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAN
Segment breakdown not available.
CTMX
| Bristol Myers Squibb Company | $11.6M | 62% |
| Astellas Pharma Inc | $4.6M | 25% |
| Regeneron Pharmaceuticals Inc | $2.1M | 11% |
