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Side-by-side financial comparison of Canaan Inc. (CAN) and i-80 Gold Corp. (IAUX). Click either name above to swap in a different company.
i-80 Gold Corp. is the larger business by last-quarter revenue ($21.3M vs $20.8M, roughly 1.0× Canaan Inc.). Canaan Inc. runs the higher net margin — -18.4% vs -401.9%, a 383.4% 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.
i-80 Gold Corp is a mineral exploration and development firm focused on gold and silver asset operations in Nevada, US. It advances high-potential mining projects, using responsible extraction practices to deliver precious metals to global industrial and investment markets.
CAN vs IAUX — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.8M | $21.3M |
| Net Profit | $-3.8M | $-85.6M |
| Gross Margin | 99.9% | 22.0% |
| Operating Margin | -15.9% | -291.6% |
| Net Margin | -18.4% | -401.9% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.05 | $-0.10 |
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 | $21.3M | ||
| Q3 25 | $13.8M | $32.0M | ||
| Q2 25 | $11.4M | $27.8M | ||
| Q1 25 | — | $14.0M | ||
| Q3 24 | $10.2M | $11.5M | ||
| Q2 24 | $4.8M | $7.2M |
| Q4 25 | $-3.8M | $-85.6M | ||
| Q3 25 | $-1.5M | $-41.9M | ||
| Q2 25 | $-11.9M | $-30.2M | ||
| Q1 25 | — | $-41.2M | ||
| Q3 24 | $-10.4M | $-43.1M | ||
| Q2 24 | $-5.4M | $-41.0M |
| Q4 25 | 99.9% | 22.0% | ||
| Q3 25 | 99.9% | 9.7% | ||
| Q2 25 | 99.9% | 2.9% | ||
| Q1 25 | — | 20.7% | ||
| Q3 24 | 99.9% | -42.7% | ||
| Q2 24 | 99.8% | -171.4% |
| Q4 25 | -15.9% | -291.6% | ||
| Q3 25 | -27.0% | -86.7% | ||
| Q2 25 | -45.5% | -67.4% | ||
| Q1 25 | — | -112.3% | ||
| Q3 24 | -77.2% | -210.0% | ||
| Q2 24 | -193.9% | -435.2% |
| Q4 25 | -18.4% | -401.9% | ||
| Q3 25 | -11.0% | -130.8% | ||
| Q2 25 | -104.4% | -108.5% | ||
| Q1 25 | — | -293.3% | ||
| Q3 24 | -102.7% | -374.5% | ||
| Q2 24 | -112.3% | -570.8% |
| Q4 25 | $-0.05 | $-0.10 | ||
| Q3 25 | $-0.02 | $-0.05 | ||
| Q2 25 | $-0.25 | $-0.05 | ||
| Q1 25 | — | $-0.10 | ||
| Q3 24 | — | $-0.11 | ||
| Q2 24 | — | $-0.11 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $63.2M |
| Total DebtLower is stronger | $6.2M | $174.7M |
| Stockholders' EquityBook value | $52.4M | $346.8M |
| Total Assets | $92.5M | $703.4M |
| Debt / EquityLower = less leverage | 0.12× | 0.50× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $63.2M | ||
| Q3 25 | — | $102.9M | ||
| Q2 25 | — | $133.7M | ||
| Q1 25 | — | $13.5M | ||
| Q3 24 | — | $21.8M | ||
| Q2 24 | — | $47.8M |
| Q4 25 | $6.2M | $174.7M | ||
| Q3 25 | $6.2M | $175.9M | ||
| Q2 25 | $6.2M | $175.8M | ||
| Q1 25 | — | $197.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $52.4M | $346.8M | ||
| Q3 25 | $44.7M | $423.0M | ||
| Q2 25 | $33.8M | $463.5M | ||
| Q1 25 | — | $318.0M | ||
| Q3 24 | $43.6M | $346.9M | ||
| Q2 24 | $56.8M | $377.2M |
| Q4 25 | $92.5M | $703.4M | ||
| Q3 25 | $81.7M | $756.2M | ||
| Q2 25 | $78.0M | $782.9M | ||
| Q1 25 | — | $659.0M | ||
| Q3 24 | $69.3M | — | ||
| Q2 24 | $73.7M | — |
| Q4 25 | 0.12× | 0.50× | ||
| Q3 25 | 0.14× | 0.42× | ||
| Q2 25 | 0.18× | 0.38× | ||
| Q1 25 | — | 0.62× | ||
| Q3 24 | — | — | ||
| Q2 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 | — | $-34.3M |
| Free Cash FlowOCF − Capex | — | $-39.2M |
| FCF MarginFCF / Revenue | — | -184.3% |
| Capex IntensityCapex / Revenue | — | 23.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-93.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $-34.3M | ||
| Q3 25 | — | $-15.2M | ||
| Q2 25 | — | $-11.3M | ||
| Q1 25 | — | $-22.7M | ||
| Q3 24 | — | $-23.5M | ||
| Q2 24 | — | $-24.6M |
| Q4 25 | — | $-39.2M | ||
| Q3 25 | — | $-18.5M | ||
| Q2 25 | — | $-12.4M | ||
| Q1 25 | — | $-23.1M | ||
| Q3 24 | — | $-23.8M | ||
| Q2 24 | — | $-25.1M |
| Q4 25 | — | -184.3% | ||
| Q3 25 | — | -57.8% | ||
| Q2 25 | — | -44.7% | ||
| Q1 25 | — | -164.1% | ||
| Q3 24 | — | -206.7% | ||
| Q2 24 | — | -349.1% |
| Q4 25 | — | 23.1% | ||
| Q3 25 | — | 10.2% | ||
| Q2 25 | — | 3.9% | ||
| Q1 25 | — | 2.5% | ||
| Q3 24 | — | 2.5% | ||
| Q2 24 | — | 7.3% |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAN
Segment breakdown not available.
IAUX
| Granite Creek Mining Company | $20.3M | 95% |
| Ruby Hill Mining Company LLC | $991.0K | 5% |
| Lone Tree Minning Company | $3.0K | 0% |
