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Side-by-side financial comparison of Canaan Inc. (CAN) and Datavault AI Inc. (DVLT). Click either name above to swap in a different company.

Datavault AI Inc. is the larger business by last-quarter revenue ($33.8M vs $20.8M, roughly 1.6× Canaan Inc.). Datavault AI Inc. runs the higher net margin — 2.0% vs -18.4%, a 20.4% 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.

Datavault AI Inc develops AI-powered data management and integration solutions, serving enterprise clients across the United States and North America. Its offerings help organizations unify disparate data assets, streamline analytics workflows, and accelerate machine learning model development and deployment.

CAN vs DVLT — Head-to-Head

Bigger by revenue
DVLT
DVLT
1.6× larger
DVLT
$33.8M
$20.8M
CAN
Higher net margin
DVLT
DVLT
20.4% more per $
DVLT
2.0%
-18.4%
CAN

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CAN
CAN
DVLT
DVLT
Revenue
$20.8M
$33.8M
Net Profit
$-3.8M
$661.0K
Gross Margin
99.9%
89.3%
Operating Margin
-15.9%
12.3%
Net Margin
-18.4%
2.0%
Revenue YoY
3649.6%
Net Profit YoY
110.4%
EPS (diluted)
$-0.05
$0.53

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.

Revenue
CAN
CAN
DVLT
DVLT
Q4 25
$20.8M
$33.8M
Q3 25
$13.8M
$2.9M
Q2 25
$11.4M
$1.7M
Q1 25
$629.0K
Q4 24
$902.0K
Q3 24
$10.2M
$1.2M
Q2 24
$4.8M
$345.0K
Q1 24
$255.0K
Net Profit
CAN
CAN
DVLT
DVLT
Q4 25
$-3.8M
$661.0K
Q3 25
$-1.5M
$-33.0M
Q2 25
$-11.9M
$-37.1M
Q1 25
$-9.6M
Q4 24
Q3 24
$-10.4M
$-5.1M
Q2 24
$-5.4M
$-42.7M
Q1 24
$2.7M
Gross Margin
CAN
CAN
DVLT
DVLT
Q4 25
99.9%
89.3%
Q3 25
99.9%
3.3%
Q2 25
99.9%
2.0%
Q1 25
11.0%
Q4 24
24.6%
Q3 24
99.9%
19.3%
Q2 24
99.8%
3.2%
Q1 24
Operating Margin
CAN
CAN
DVLT
DVLT
Q4 25
-15.9%
12.3%
Q3 25
-27.0%
-508.1%
Q2 25
-45.5%
-718.1%
Q1 25
-1499.4%
Q4 24
Q3 24
-77.2%
-447.4%
Q2 24
-193.9%
-1566.7%
Q1 24
-1630.6%
Net Margin
CAN
CAN
DVLT
DVLT
Q4 25
-18.4%
2.0%
Q3 25
-11.0%
-1135.5%
Q2 25
-104.4%
-2139.3%
Q1 25
-1520.3%
Q4 24
Q3 24
-102.7%
-434.5%
Q2 24
-112.3%
-12366.7%
Q1 24
1061.6%
EPS (diluted)
CAN
CAN
DVLT
DVLT
Q4 25
$-0.05
$0.53
Q3 25
$-0.02
$-0.33
Q2 25
$-0.25
$-0.54
Q1 25
$-0.18
Q4 24
Q3 24
$-1.39
Q2 24
$-11.89
Q1 24
$-5.35

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CAN
CAN
DVLT
DVLT
Cash + ST InvestmentsLiquidity on hand
$2.0M
Total DebtLower is stronger
$6.2M
Stockholders' EquityBook value
$52.4M
$238.0M
Total Assets
$92.5M
$274.7M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAN
CAN
DVLT
DVLT
Q4 25
$2.0M
Q3 25
$1.7M
Q2 25
$662.0K
Q1 25
$171.0K
Q4 24
$3.3M
Q3 24
$3.9M
Q2 24
$6.1M
Q1 24
$2.8M
Total Debt
CAN
CAN
DVLT
DVLT
Q4 25
$6.2M
Q3 25
$6.2M
Q2 25
$6.2M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CAN
CAN
DVLT
DVLT
Q4 25
$52.4M
$238.0M
Q3 25
$44.7M
$99.5M
Q2 25
$33.8M
$74.1M
Q1 25
$81.7M
Q4 24
$85.7M
Q3 24
$43.6M
$4.3M
Q2 24
$56.8M
$6.4M
Q1 24
$-2.7M
Total Assets
CAN
CAN
DVLT
DVLT
Q4 25
$92.5M
$274.7M
Q3 25
$81.7M
$138.7M
Q2 25
$78.0M
$120.7M
Q1 25
$95.7M
Q4 24
$100.6M
Q3 24
$69.3M
$8.0M
Q2 24
$73.7M
$10.6M
Q1 24
$6.9M
Debt / Equity
CAN
CAN
DVLT
DVLT
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
CAN
CAN
DVLT
DVLT
Operating Cash FlowLast quarter
$-406.0K
Free Cash FlowOCF − Capex
$-734.0K
FCF MarginFCF / Revenue
-2.2%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
-0.61×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAN
CAN
DVLT
DVLT
Q4 25
$-406.0K
Q3 25
$-10.4M
Q2 25
$-6.8M
Q1 25
$-6.0M
Q4 24
$-17.5M
Q3 24
$-4.2M
Q2 24
$-5.5M
Q1 24
$-3.5M
Free Cash Flow
CAN
CAN
DVLT
DVLT
Q4 25
$-734.0K
Q3 25
Q2 25
Q1 25
$-6.1M
Q4 24
$-17.6M
Q3 24
$-4.2M
Q2 24
$-5.5M
Q1 24
$-3.5M
FCF Margin
CAN
CAN
DVLT
DVLT
Q4 25
-2.2%
Q3 25
Q2 25
Q1 25
-966.0%
Q4 24
-1946.9%
Q3 24
-361.7%
Q2 24
-1599.7%
Q1 24
-1390.6%
Capex Intensity
CAN
CAN
DVLT
DVLT
Q4 25
1.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
8.3%
Q4 24
3.9%
Q3 24
0.7%
Q2 24
4.1%
Q1 24
2.4%
Cash Conversion
CAN
CAN
DVLT
DVLT
Q4 25
-0.61×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
-1.31×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CAN
CAN

Segment breakdown not available.

DVLT
DVLT

Eos Technology Holdings Inc.$30.0M89%
Consumer Audio Products Components And Other Revenue Net$3.2M9%

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