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Side-by-side financial comparison of Canaan Inc. (CAN) and Lion Group Holding Ltd (LGHL). Click either name above to swap in a different company.

Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $13.3M, roughly 1.6× Lion Group Holding Ltd). Lion Group Holding Ltd runs the higher net margin — -0.4% vs -18.4%, a 18.0% 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.

LION is a Canadian electric vehicle manufacturer headquartered in Saint-Jérôme, Quebec. Founded in 2011 as Lion Bus, the company is primarily known for its production of yellow school buses, of which it was the first to mass produce as a fully electric vehicle.

CAN vs LGHL — Head-to-Head

Bigger by revenue
CAN
CAN
1.6× larger
CAN
$20.8M
$13.3M
LGHL
Higher net margin
LGHL
LGHL
18.0% more per $
LGHL
-0.4%
-18.4%
CAN

Income Statement — Q3 FY2025 vs Q2 FY2024

Metric
CAN
CAN
LGHL
LGHL
Revenue
$20.8M
$13.3M
Net Profit
$-3.8M
$-53.7K
Gross Margin
99.9%
Operating Margin
-15.9%
Net Margin
-18.4%
-0.4%
Revenue YoY
Net Profit YoY
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.

Revenue
CAN
CAN
LGHL
LGHL
Q4 25
$20.8M
Q3 25
$13.8M
Q2 25
$11.4M
Q3 24
$10.2M
Q2 24
$4.8M
$13.3M
Q2 22
$3.6M
Net Profit
CAN
CAN
LGHL
LGHL
Q4 25
$-3.8M
Q3 25
$-1.5M
Q2 25
$-11.9M
Q3 24
$-10.4M
Q2 24
$-5.4M
$-53.7K
Q2 22
$-20.3M
Gross Margin
CAN
CAN
LGHL
LGHL
Q4 25
99.9%
Q3 25
99.9%
Q2 25
99.9%
Q3 24
99.9%
Q2 24
99.8%
Q2 22
Operating Margin
CAN
CAN
LGHL
LGHL
Q4 25
-15.9%
Q3 25
-27.0%
Q2 25
-45.5%
Q3 24
-77.2%
Q2 24
-193.9%
Q2 22
-624.5%
Net Margin
CAN
CAN
LGHL
LGHL
Q4 25
-18.4%
Q3 25
-11.0%
Q2 25
-104.4%
Q3 24
-102.7%
Q2 24
-112.3%
-0.4%
Q2 22
-565.4%
EPS (diluted)
CAN
CAN
LGHL
LGHL
Q4 25
$-0.05
Q3 25
$-0.02
Q2 25
$-0.25
Q3 24
Q2 24
Q2 22
$-0.52

Balance Sheet & Financial Strength

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

Metric
CAN
CAN
LGHL
LGHL
Cash + ST InvestmentsLiquidity on hand
$29.0M
Total DebtLower is stronger
$6.2M
Stockholders' EquityBook value
$52.4M
$28.4M
Total Assets
$92.5M
$74.5M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAN
CAN
LGHL
LGHL
Q4 25
Q3 25
Q2 25
Q3 24
Q2 24
$29.0M
Q2 22
$11.9M
Total Debt
CAN
CAN
LGHL
LGHL
Q4 25
$6.2M
Q3 25
$6.2M
Q2 25
$6.2M
Q3 24
Q2 24
Q2 22
Stockholders' Equity
CAN
CAN
LGHL
LGHL
Q4 25
$52.4M
Q3 25
$44.7M
Q2 25
$33.8M
Q3 24
$43.6M
Q2 24
$56.8M
$28.4M
Q2 22
$36.5M
Total Assets
CAN
CAN
LGHL
LGHL
Q4 25
$92.5M
Q3 25
$81.7M
Q2 25
$78.0M
Q3 24
$69.3M
Q2 24
$73.7M
$74.5M
Q2 22
$103.2M
Debt / Equity
CAN
CAN
LGHL
LGHL
Q4 25
0.12×
Q3 25
0.14×
Q2 25
0.18×
Q3 24
Q2 24
Q2 22

Financial Flow Comparison

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

Revenue Breakdown by Segment

CAN
CAN

Segment breakdown not available.

LGHL
LGHL

Trading gains$7.8M59%
Other$2.4M18%
Securities brokerage commissions and fees$1.7M13%
Market making commissions and fees$1.0M8%
Other income$380.2K3%

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