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

Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $19.5M, roughly 1.1× MOGU Inc.). Canaan Inc. runs the higher net margin — -18.4% vs -44.3%, a 25.9% 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.

Mogu Mogu is a brand of fruit-flavoured drink with pieces of nata de coco, produced by Thailand-based Sappe Public Company Limited and exported to many international markets, especially South Korea, the Philippines, Indonesia and France.

CAN vs MOGU — Head-to-Head

Bigger by revenue
CAN
CAN
1.1× larger
CAN
$20.8M
$19.5M
MOGU
Higher net margin
CAN
CAN
25.9% more per $
CAN
-18.4%
-44.3%
MOGU

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
CAN
CAN
MOGU
MOGU
Revenue
$20.8M
$19.5M
Net Profit
$-3.8M
$-8.6M
Gross Margin
99.9%
0.0%
Operating Margin
-15.9%
-71.6%
Net Margin
-18.4%
-44.3%
Revenue YoY
-12.4%
Net Profit YoY
-5.0%
EPS (diluted)
$-0.05
$0.00

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
MOGU
MOGU
Q4 25
$20.8M
Q3 25
$13.8M
Q2 25
$11.4M
Q1 25
$19.5M
Q3 24
$10.2M
Q2 24
$4.8M
Q1 24
$22.2M
Net Profit
CAN
CAN
MOGU
MOGU
Q4 25
$-3.8M
Q3 25
$-1.5M
Q2 25
$-11.9M
Q1 25
$-8.6M
Q3 24
$-10.4M
Q2 24
$-5.4M
Q1 24
$-8.2M
Gross Margin
CAN
CAN
MOGU
MOGU
Q4 25
99.9%
Q3 25
99.9%
Q2 25
99.9%
Q1 25
0.0%
Q3 24
99.9%
Q2 24
99.8%
Q1 24
0.0%
Operating Margin
CAN
CAN
MOGU
MOGU
Q4 25
-15.9%
Q3 25
-27.0%
Q2 25
-45.5%
Q1 25
-71.6%
Q3 24
-77.2%
Q2 24
-193.9%
Q1 24
-49.4%
Net Margin
CAN
CAN
MOGU
MOGU
Q4 25
-18.4%
Q3 25
-11.0%
Q2 25
-104.4%
Q1 25
-44.3%
Q3 24
-102.7%
Q2 24
-112.3%
Q1 24
-37.0%
EPS (diluted)
CAN
CAN
MOGU
MOGU
Q4 25
$-0.05
Q3 25
$-0.02
Q2 25
$-0.25
Q1 25
$0.00
Q3 24
Q2 24
Q1 24
$0.00

Balance Sheet & Financial Strength

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

Metric
CAN
CAN
MOGU
MOGU
Cash + ST InvestmentsLiquidity on hand
$52.3M
Total DebtLower is stronger
$6.2M
Stockholders' EquityBook value
$52.4M
$70.1M
Total Assets
$92.5M
$118.3M
Debt / EquityLower = less leverage
0.12×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CAN
CAN
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
$52.3M
Q3 24
Q2 24
Q1 24
$58.2M
Total Debt
CAN
CAN
MOGU
MOGU
Q4 25
$6.2M
Q3 25
$6.2M
Q2 25
$6.2M
Q1 25
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CAN
CAN
MOGU
MOGU
Q4 25
$52.4M
Q3 25
$44.7M
Q2 25
$33.8M
Q1 25
$70.1M
Q3 24
$43.6M
Q2 24
$56.8M
Q1 24
$81.5M
Total Assets
CAN
CAN
MOGU
MOGU
Q4 25
$92.5M
Q3 25
$81.7M
Q2 25
$78.0M
Q1 25
$118.3M
Q3 24
$69.3M
Q2 24
$73.7M
Q1 24
$130.0M
Debt / Equity
CAN
CAN
MOGU
MOGU
Q4 25
0.12×
Q3 25
0.14×
Q2 25
0.18×
Q1 25
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
MOGU
MOGU
Operating Cash FlowLast quarter
$-9.4M
Free Cash FlowOCF − Capex
$-10.7M
FCF MarginFCF / Revenue
-55.2%
Capex IntensityCapex / Revenue
7.1%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CAN
CAN
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
$-9.4M
Q3 24
Q2 24
Q1 24
$-5.6M
Free Cash Flow
CAN
CAN
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
$-10.7M
Q3 24
Q2 24
Q1 24
$-18.6M
FCF Margin
CAN
CAN
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
-55.2%
Q3 24
Q2 24
Q1 24
-84.0%
Capex Intensity
CAN
CAN
MOGU
MOGU
Q4 25
Q3 25
Q2 25
Q1 25
7.1%
Q3 24
Q2 24
Q1 24
58.7%

Financial Flow Comparison

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

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