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Side-by-side financial comparison of Canaan Inc. (CAN) and Americas Gold & Silver Corp (USAS). Click either name above to swap in a different company.
Canaan Inc. is the larger business by last-quarter revenue ($20.8M vs $19.1M, roughly 1.1× Americas Gold & Silver Corp). Canaan Inc. runs the higher net margin — -18.4% vs -82.3%, a 63.9% 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.
Pan American Silver Corporation is a mining company based in Canada with operations in Latin America. The company has mines and other projects in Mexico, Peru, Bolivia, and Argentina.
CAN vs USAS — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $20.8M | $19.1M |
| Net Profit | $-3.8M | $-15.7M |
| Gross Margin | 99.9% | 34.2% |
| Operating Margin | -15.9% | — |
| Net Margin | -18.4% | -82.3% |
| Revenue YoY | — | -28.0% |
| Net Profit YoY | — | 2.8% |
| 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.
| Q4 25 | $20.8M | — | ||
| Q3 25 | $13.8M | $19.1M | ||
| Q2 25 | $11.4M | — | ||
| Q3 24 | $10.2M | $26.5M | ||
| Q2 24 | $4.8M | — |
| Q4 25 | $-3.8M | — | ||
| Q3 25 | $-1.5M | $-15.7M | ||
| Q2 25 | $-11.9M | — | ||
| Q3 24 | $-10.4M | $-16.2M | ||
| Q2 24 | $-5.4M | — |
| Q4 25 | 99.9% | — | ||
| Q3 25 | 99.9% | 34.2% | ||
| Q2 25 | 99.9% | — | ||
| Q3 24 | 99.9% | 23.6% | ||
| Q2 24 | 99.8% | — |
| Q4 25 | -15.9% | — | ||
| Q3 25 | -27.0% | — | ||
| Q2 25 | -45.5% | — | ||
| Q3 24 | -77.2% | — | ||
| Q2 24 | -193.9% | — |
| Q4 25 | -18.4% | — | ||
| Q3 25 | -11.0% | -82.3% | ||
| Q2 25 | -104.4% | — | ||
| Q3 24 | -102.7% | -60.9% | ||
| Q2 24 | -112.3% | — |
| Q4 25 | $-0.05 | — | ||
| Q3 25 | $-0.02 | — | ||
| Q2 25 | $-0.25 | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $39.1M |
| Total DebtLower is stronger | $6.2M | — |
| Stockholders' EquityBook value | $52.4M | $50.2M |
| Total Assets | $92.5M | $234.7M |
| Debt / EquityLower = less leverage | 0.12× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $39.1M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $6.2M | — | ||
| Q3 25 | $6.2M | — | ||
| Q2 25 | $6.2M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q4 25 | $52.4M | — | ||
| Q3 25 | $44.7M | $50.2M | ||
| Q2 25 | $33.8M | — | ||
| Q3 24 | $43.6M | $53.1M | ||
| Q2 24 | $56.8M | — |
| Q4 25 | $92.5M | — | ||
| Q3 25 | $81.7M | $234.7M | ||
| Q2 25 | $78.0M | — | ||
| Q3 24 | $69.3M | — | ||
| Q2 24 | $73.7M | — |
| Q4 25 | 0.12× | — | ||
| Q3 25 | 0.14× | — | ||
| Q2 25 | 0.18× | — | ||
| 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 | — | $-12.5M |
| Free Cash FlowOCF − Capex | — | $-41.3M |
| FCF MarginFCF / Revenue | — | -216.5% |
| Capex IntensityCapex / Revenue | — | 150.8% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $-12.5M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | $2.4M | ||
| Q2 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | $-41.3M | ||
| Q2 25 | — | — | ||
| Q3 24 | — | $-11.2M | ||
| Q2 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | -216.5% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | -42.2% | ||
| Q2 24 | — | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 150.8% | ||
| Q2 25 | — | — | ||
| Q3 24 | — | 51.2% | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
