Canaan Financial Statements From 2010 to 2025

CAN Stock  USD 1.07  0.04  3.60%   
Canaan financial statements provide useful quarterly and yearly information to potential Canaan Inc investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Canaan financial statements helps investors assess Canaan's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Canaan's valuation are summarized below:
Gross Profit
1.5 B
Profit Margin
(1.59)
Market Capitalization
434.5 M
Enterprise Value Revenue
1.533
Revenue
189.3 M
We have found one hundred twenty available fundamental signals for Canaan Inc, which can be analyzed and compared to other ratios and to its rivals. Self-guided Investors are advised to validate Canaan's prevailing fundamentals against the trend between 2010 and 2025 to make sure the company can sustain itself down the road. As of the 18th of March 2025, Market Cap is likely to drop to about 6.5 B. In addition to that, Enterprise Value is likely to drop to about 6.4 B

Canaan Total Revenue

180.81 Million

Check Canaan financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Canaan's main balance sheet or income statement drivers, such as Net Interest Income of 1.2 M, Interest Income of 1 M or Depreciation And Amortization of 72 M, as well as many indicators such as Price To Sales Ratio of 2.05, Dividend Yield of 0.0 or PTB Ratio of 1.25. Canaan financial statements analysis is a perfect complement when working with Canaan Valuation or Volatility modules.
  
Check out the analysis of Canaan Correlation against competitors.

Canaan Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Total Assets568.5 M444 M900.6 M
Slightly volatile
Other Current Liabilities93.7 M110.6 M50.6 M
Slightly volatile
Total Current Liabilities115.6 M121.7 M302.3 M
Slightly volatile
Total Stockholder Equity316.2 M313.4 M587.3 M
Slightly volatile
Net Tangible Assets5.1 B4.9 B1.9 B
Slightly volatile
Property Plant And Equipment Net33.4 M35.8 M25.6 M
Slightly volatile
Current Deferred Revenue16.8 M17.7 M122.7 M
Slightly volatile
Accounts Payable5.3 M5.6 M32.9 M
Slightly volatile
Cash135.9 M86.5 M165.5 M
Pretty Stable
Non Current Assets Total165.6 M157.7 M55.1 M
Slightly volatile
Non Currrent Assets Other43.9 M41.8 M13.7 M
Slightly volatile
Cash And Short Term Investments147.9 M86.5 M212.1 M
Slightly volatile
Net Receivables38.6 M52.6 M41.1 M
Pretty Stable
Common Stock Total Equity800900981
Slightly volatile
Common Stock Shares Outstanding1.7 BBB
Slightly volatile
Liabilities And Stockholders Equity568.5 M444 M900.6 M
Slightly volatile
Capital SurpluseB1.9 B971.8 M
Slightly volatile
Inventory159 M128.1 M218.6 M
Slightly volatile
Other Current Assets103.2 M76.9 M52.8 M
Slightly volatile
Other Stockholder Equity398.8 M686.3 M411.8 M
Pretty Stable
Total Liabilities252.3 M130.6 M313.3 M
Slightly volatile
Net Invested Capital380.4 M400.4 M1.2 B
Pretty Stable
Property Plant And Equipment Gross141.6 M134.8 M47.9 M
Slightly volatile
Total Current Assets524.4 M327.3 M856.1 M
Slightly volatile
Net Working Capital249.6 M262.8 M963.8 M
Pretty Stable
Short Term DebtM1.1 M113.7 M
Pretty Stable
Common Stock460900801
Slightly volatile
Property Plant Equipment757.8 M721.7 M199.9 M
Slightly volatile
Short and Long Term Debt Total1.2 M1.3 M592.3 M
Slightly volatile
Short and Long Term Debt41.7 M43.8 M615.6 M
Slightly volatile
Capital Lease Obligations1.2 M1.3 M19.3 M
Slightly volatile
Other Liabilities3.6 M3.7 M11 M
Pretty Stable
Long Term Investments3.1 M3.2 M9.8 M
Slightly volatile
Non Current Liabilities Other441.2 K464.4 K6.2 M
Slightly volatile

Canaan Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Interest IncomeM1.1 M2.5 M
Slightly volatile
Depreciation And Amortization72 M68.6 M23.3 M
Slightly volatile
Selling General Administrative67.7 M64.1 M100.1 M
Slightly volatile
Selling And Marketing Expenses11.3 M7.4 M16.4 M
Slightly volatile
Total Revenue180.8 M190.3 M965.7 M
Slightly volatile
Other Operating Expenses625 M560.1 M814.3 M
Slightly volatile
Research Development61.1 M58.4 M84.5 M
Slightly volatile
Cost Of Revenue508.3 M407 M643.1 M
Pretty Stable
Total Operating Expenses116.7 M153.1 M171.2 M
Slightly volatile
Reconciled Depreciation34.3 M68.6 M24.1 M
Slightly volatile

Canaan Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Stock Based Compensation64.8 M37.9 M83.6 M
Pretty Stable
Begin Period Cash Flow217.9 M116.8 M117.8 M
Slightly volatile
Depreciation72 M68.6 M23.7 M
Slightly volatile
Capital Expenditures2.8 MM10.5 M
Slightly volatile
End Period Cash Flow82.2 M86.5 M208.6 M
Very volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.052.164.7294
Slightly volatile
PTB Ratio1.251.318.3994
Slightly volatile
Days Sales Outstanding95.2590.7229.7702
Slightly volatile
Book Value Per Share0.230.160.3077
Slightly volatile
Average Payables6.9 M8.9 M8.2 M
Slightly volatile
Stock Based Compensation To Revenue0.190.180.097
Slightly volatile
Capex To Depreciation0.06070.06390.9432
Slightly volatile
PB Ratio1.251.318.3994
Slightly volatile
EV To Sales30.2831.8870.6916
Slightly volatile
Inventory Turnover4.073.663.2881
Pretty Stable
Days Of Inventory On Hand104103129
Pretty Stable
Payables Turnover10583.2893.4594
Pretty Stable
Sales General And Administrative To Revenue0.320.30.1604
Slightly volatile
Average Inventory88.6 M93.2 M278.8 M
Slightly volatile
Research And Ddevelopement To Revenue0.290.280.1363
Slightly volatile
Capex To Revenue0.00910.01410.0107
Slightly volatile
Cash Per Share0.04070.04290.1133
Slightly volatile
Days Payables Outstanding4.314.547.6485
Slightly volatile
Intangibles To Total Assets0.01220.01380.015
Slightly volatile
Current Ratio2.542.423.1884
Very volatile
Tangible Book Value Per Share0.230.150.3069
Slightly volatile
Receivables Turnover3.13.261.4 K
Very volatile
Shareholders Equity Per Share0.230.160.3077
Slightly volatile
Debt To Equity0.00450.00472.4656
Slightly volatile
Capex Per Share0.00140.00150.0051
Slightly volatile
Average Receivables9.3 M8.9 M8.9 M
Slightly volatile
Revenue Per Share0.08960.09430.5116
Slightly volatile
Interest Debt Per Share6.0E-46.0E-40.3043
Slightly volatile
Debt To Assets0.00320.00330.431
Slightly volatile
Graham Number0.80.440.9751
Slightly volatile
Operating Cycle125194148
Slightly volatile
Price Book Value Ratio1.251.318.3994
Slightly volatile
Days Of Payables Outstanding4.314.547.6485
Slightly volatile
Ebt Per Ebit0.911.021.0602
Pretty Stable
Effective Tax Rate0.180.130.0996
Slightly volatile
Company Equity Multiplier2.391.631.8168
Pretty Stable
Long Term Debt To Capitalization0.00830.00880.5972
Slightly volatile
Total Debt To Capitalization0.00450.00470.4725
Slightly volatile
Debt Equity Ratio0.00450.00472.4656
Slightly volatile
Quick Ratio1.781.472.3418
Slightly volatile
Net Income Per E B T0.670.80.8867
Slightly volatile
Cash Ratio0.750.640.7196
Slightly volatile
Cash Conversion Cycle116190140
Slightly volatile
Days Of Inventory Outstanding104103129
Pretty Stable
Days Of Sales Outstanding95.2590.7229.7702
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.41.181.0937
Pretty Stable
Price To Book Ratio1.251.318.3994
Slightly volatile
Fixed Asset Turnover7.427.8147.8517
Slightly volatile
Debt Ratio0.00320.00330.431
Slightly volatile
Price Sales Ratio2.052.164.7294
Slightly volatile
Asset Turnover0.470.490.9815
Slightly volatile
Price Fair Value1.251.318.3994
Slightly volatile

Canaan Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap6.5 B6.9 B73.8 B
Slightly volatile
Enterprise Value6.4 B6.7 B73.7 B
Slightly volatile

Canaan Fundamental Market Drivers

Forward Price Earnings2.1519
Cash And Short Term Investments96.2 M

Canaan Upcoming Events

5th of March 2024
Upcoming Quarterly Report
View
24th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
5th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View

About Canaan Financial Statements

Canaan investors utilize fundamental indicators, such as revenue or net income, to predict how Canaan Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Current Deferred Revenue17.7 M16.8 M
Total Revenue190.3 M180.8 M
Cost Of Revenue407 M508.3 M
Stock Based Compensation To Revenue 0.18  0.19 
Sales General And Administrative To Revenue 0.30  0.32 
Research And Ddevelopement To Revenue 0.28  0.29 
Capex To Revenue 0.01  0.01 
Revenue Per Share 0.09  0.09 
Ebit Per Revenue(2.23)(2.12)

Pair Trading with Canaan

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Canaan position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Canaan will appreciate offsetting losses from the drop in the long position's value.

Moving together with Canaan Stock

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The ability to find closely correlated positions to Canaan could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canaan when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canaan - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canaan Inc to buy it.
The correlation of Canaan is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Canaan moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Canaan Inc moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Canaan can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Canaan Inc offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canaan's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canaan Inc Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canaan Inc Stock:
Check out the analysis of Canaan Correlation against competitors.
You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Is Semiconductors & Semiconductor Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canaan. If investors know Canaan will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canaan listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.92)
Earnings Share
(1.43)
Revenue Per Share
0.867
Quarterly Revenue Growth
(0.03)
Return On Assets
(0.36)
The market value of Canaan Inc is measured differently than its book value, which is the value of Canaan that is recorded on the company's balance sheet. Investors also form their own opinion of Canaan's value that differs from its market value or its book value, called intrinsic value, which is Canaan's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canaan's market value can be influenced by many factors that don't directly affect Canaan's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Canaan's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canaan is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canaan's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.