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Side-by-side financial comparison of Canaan Inc. (CAN) and Seaport Entertainment Group Inc. (SEG). Click either name above to swap in a different company.
Seaport Entertainment Group Inc. is the larger business by last-quarter revenue ($29.5M vs $20.8M, roughly 1.4× Canaan Inc.). Canaan Inc. runs the higher net margin — -18.4% vs -125.0%, a 106.6% 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.
CAN vs SEG — Head-to-Head
Income Statement — Q3 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.8M | $29.5M |
| Net Profit | $-3.8M | $-36.9M |
| Gross Margin | 99.9% | — |
| Operating Margin | -15.9% | -120.5% |
| Net Margin | -18.4% | -125.0% |
| Revenue YoY | — | — |
| Net Profit YoY | — | — |
| EPS (diluted) | $-0.05 | $-2.90 |
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 | $29.5M | ||
| Q3 25 | $13.8M | $45.0M | ||
| Q2 25 | $11.4M | $39.8M | ||
| Q1 25 | — | $16.1M | ||
| Q3 24 | $10.2M | $39.4M | ||
| Q2 24 | $4.8M | $33.7M |
| Q4 25 | $-3.8M | $-36.9M | ||
| Q3 25 | $-1.5M | $-33.2M | ||
| Q2 25 | $-11.9M | $-14.8M | ||
| Q1 25 | — | $-31.9M | ||
| Q3 24 | $-10.4M | $-32.5M | ||
| Q2 24 | $-5.4M | $-35.0M |
| Q4 25 | 99.9% | — | ||
| Q3 25 | 99.9% | — | ||
| Q2 25 | 99.9% | — | ||
| Q1 25 | — | — | ||
| Q3 24 | 99.9% | — | ||
| Q2 24 | 99.8% | — |
| Q4 25 | -15.9% | -120.5% | ||
| Q3 25 | -27.0% | -75.2% | ||
| Q2 25 | -45.5% | -40.2% | ||
| Q1 25 | — | -203.5% | ||
| Q3 24 | -77.2% | -51.0% | ||
| Q2 24 | -193.9% | -75.3% |
| Q4 25 | -18.4% | -125.0% | ||
| Q3 25 | -11.0% | -73.7% | ||
| Q2 25 | -104.4% | -37.1% | ||
| Q1 25 | — | -198.4% | ||
| Q3 24 | -102.7% | -82.5% | ||
| Q2 24 | -112.3% | -103.9% |
| Q4 25 | $-0.05 | $-2.90 | ||
| Q3 25 | $-0.02 | $-2.61 | ||
| Q2 25 | $-0.25 | $-1.16 | ||
| Q1 25 | — | $-2.51 | ||
| Q3 24 | — | $-5.89 | ||
| Q2 24 | — | $-6.34 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $77.8M |
| Total DebtLower is stronger | $6.2M | $38.3M |
| Stockholders' EquityBook value | $52.4M | $456.5M |
| Total Assets | $92.5M | $650.1M |
| Debt / EquityLower = less leverage | 0.12× | 0.08× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $77.8M | ||
| Q3 25 | — | $106.2M | ||
| Q2 25 | — | $123.3M | ||
| Q1 25 | — | $129.9M | ||
| Q3 24 | — | $23.7M | ||
| Q2 24 | — | $3.3M |
| Q4 25 | $6.2M | $38.3M | ||
| Q3 25 | $6.2M | $39.3M | ||
| Q2 25 | $6.2M | $100.6M | ||
| Q1 25 | — | $101.6M | ||
| Q3 24 | — | $103.3M | ||
| Q2 24 | — | $157.1M |
| Q4 25 | $52.4M | $456.5M | ||
| Q3 25 | $44.7M | $485.8M | ||
| Q2 25 | $33.8M | $517.9M | ||
| Q1 25 | — | $531.2M | ||
| Q3 24 | $43.6M | $433.8M | ||
| Q2 24 | $56.8M | $380.7M |
| Q4 25 | $92.5M | $650.1M | ||
| Q3 25 | $81.7M | $699.1M | ||
| Q2 25 | $78.0M | $717.2M | ||
| Q1 25 | — | $718.4M | ||
| Q3 24 | $69.3M | $622.8M | ||
| Q2 24 | $73.7M | $610.1M |
| Q4 25 | 0.12× | 0.08× | ||
| Q3 25 | 0.14× | 0.08× | ||
| Q2 25 | 0.18× | 0.19× | ||
| Q1 25 | — | 0.19× | ||
| Q3 24 | — | 0.24× | ||
| Q2 24 | — | 0.41× |
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 | — | $-23.1M |
| 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 | — | $-23.1M | ||
| Q3 25 | — | $-5.3M | ||
| Q2 25 | — | $-754.0K | ||
| Q1 25 | — | $-20.5M | ||
| Q3 24 | — | $-8.8M | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CAN
Segment breakdown not available.
SEG
| Sponsorships Events And Entertainment | $12.5M | 43% |
| Hospitality | $12.2M | 41% |
| Rental | $4.1M | 14% |
| Other | $631.0K | 2% |
