Canaan Inc. CAN
Annual
Quarterly
FY2025 · ended Dec 31, 2025 · Revenue $529.74M, +96.7% YoY · Filed Apr 15, 2026
Canaan Inc. (CAN) files with the SEC under industry code 6199, Finance Services. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $529.7 million and a net loss of $210.3 million. Free cash flow was -$295.8 million. As of Dec 31, 2025 it held $80.8 million in cash and investments and $54.9 million in total debt.
Revenue
$529.74M
+96.7% vs prior year
Net income
$-210.27M
+15.8% vs prior year
Operating cash flow
$-271.22M
-36.1% vs prior year
Free cash flow
$-295.83M
-35.4% vs prior year
EPS
$-2.99
+51.2% vs prior year
Dividend per share
None
Shares outstanding
4.61B
+31.3% vs prior year
Net cash
$25.88M
FY 2025
Operating margin
-21.2%
FY 2025
Company profile
- Industry
- Finance Services (SIC 6199)
- Listed as
- CAN (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- Cayman Islands
- Headquarters
- Singapore, Singapore
- SEC filer status
- Accelerated filer
- SEC CIK
- 1780652
Other Finance Services companies
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $529.7M | $269.3M | $211.5M | $651.5M | $772.8M |
| Operating income | -$112.2M | -$227.1M | -$410.9M | $42.9M | $283.0M |
| Net income | -$210.3M | -$249.8M | -$414.2M | $69.9M | $309.1M |
| Diluted EPS | -$2.99 | -$6.13 | -$16.06 | $2.71 | $12.00 |
| Operating cash flow | -$271.2M | -$199.3M | -$123.6M | -$182.6M | $202.3M |
| Free cash flow | -$295.8M | -$218.6M | -$126.9M | -$200.3M | $196.6M |
| Total assets | $602.9M | $463.0M | $493.3M | $685.0M | $883.8M |
| Total liabilities | $165.5M | $196.8M | $145.1M | $77.3M | $341.1M |
| Stockholders' equity | $437.4M | $266.3M | $348.2M | $607.7M | $542.5M |
| Cash and investments | $80.8M | $96.5M | — | $2.9M | $424.4M |
| Total debt | $54.9M | $26.9M | $1.4M | $3.8M | $4.9M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 6-K | Current report (foreign issuer) | Oct 19, 2026 | Oct 19, 2026 |
| 6-K | Current report (foreign issuer) | Oct 15, 2026 | Oct 15, 2026 |
| 6-K | Current report (foreign issuer) | Sep 14, 2026 | Sep 14, 2026 |
| 6-K | Current report (foreign issuer) | Sep 11, 2026 | Sep 11, 2026 |
| 6-K | Current report (foreign issuer) | Sep 8, 2026 | Sep 8, 2026 |
| 6-K | Current report (foreign issuer) | Aug 17, 2026 | Aug 17, 2026 |
All 268 Canaan Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.