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Side-by-side financial comparison of Canaan Inc. (CAN) and Guardforce AI Co., Ltd. (GFAI). Click either name above to swap in a different company.
Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $18.0M, roughly 1.2× Guardforce AI Co., Ltd.). Canaan Inc. runs the higher net margin — -18.4% vs -76.9%, a 58.5% 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.
Guardforce AI Co., Ltd. is a global provider of AI-integrated security solutions. Its core offerings include intelligent surveillance systems, AI-powered access control, autonomous security robots, and smart logistics monitoring services, serving enterprise, retail, financial and public sector clients across Asia, Europe and North America.
CAN vs GFAI — Head-to-Head
Income Statement — Q3 FY2025 vs Q2 FY2023
| Metric | | |
|---|---|---|
| Revenue | $20.8M | $18.0M |
| Net Profit | $-3.8M | $-13.8M |
| Gross Margin | 99.9% | 12.0% |
| Operating Margin | -15.9% | -66.1% |
| Net Margin | -18.4% | -76.9% |
| Revenue YoY | — | 6.3% |
| Net Profit YoY | — | -118.5% |
| EPS (diluted) | $-0.05 | $-4.35 |
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 | — | ||
| Q3 24 | $10.2M | — | ||
| Q2 24 | $4.8M | — | ||
| Q2 23 | — | $18.0M | ||
| Q2 22 | — | $16.9M |
| Q4 25 | $-3.8M | — | ||
| Q3 25 | $-1.5M | — | ||
| Q2 25 | $-11.9M | — | ||
| Q3 24 | $-10.4M | — | ||
| Q2 24 | $-5.4M | — | ||
| Q2 23 | — | $-13.8M | ||
| Q2 22 | — | $-6.3M |
| Q4 25 | 99.9% | — | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 99.9% | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.8% | — | ||
| Q2 23 | — | 12.0% | ||
| Q2 22 | — | 11.5% |
| Q4 25 | -15.9% | — | ||
| Q3 25 | -27.0% | — | ||
| Q2 25 | -45.5% | — | ||
| Q3 24 | -77.2% | — | ||
| Q2 24 | -193.9% | — | ||
| Q2 23 | — | -66.1% | ||
| Q2 22 | — | -32.8% |
| Q4 25 | -18.4% | — | ||
| Q3 25 | -11.0% | — | ||
| Q2 25 | -104.4% | — | ||
| Q3 24 | -102.7% | — | ||
| Q2 24 | -112.3% | — | ||
| Q2 23 | — | -76.9% | ||
| Q2 22 | — | -37.4% |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $-0.25 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | $-4.35 | ||
| Q2 22 | — | $-7.16 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $24.7M |
| Total DebtLower is stronger | $6.2M | — |
| Stockholders' EquityBook value | $52.4M | $25.0M |
| Total Assets | $92.5M | $64.1M |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | $24.7M | ||
| Q2 22 | — | $7.7M |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $6.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
| Q4 25 | $52.4M | — | ||
| Q3 25 | $44.7M | — | ||
| Q2 25 | $33.8M | — | ||
| Q3 24 | $43.6M | — | ||
| Q2 24 | $56.8M | — | ||
| Q2 23 | — | $25.0M | ||
| Q2 22 | — | $29.4M |
| Q4 25 | $92.5M | — | ||
| Q3 25 | $81.7M | — | ||
| Q2 25 | $78.0M | — | ||
| Q3 24 | $69.3M | — | ||
| Q2 24 | $73.7M | — | ||
| Q2 23 | — | $64.1M | ||
| Q2 22 | — | $68.8M |
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | — | ||
| Q2 22 | — | — |
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 | — | $-1.0M |
| 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 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q2 23 | — | $-1.0M | ||
| Q2 22 | — | $-13.8M |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
