← Canaan Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $1.3b |
$2.7b
+106.86%
|
$204.3m
-92.45%
|
$68.6m
-66.42%
|
$782.5m
+1040.50%
|
$634.9m
-18.87%
|
$212.1m
-66.59%
|
$271.4m
+27.96%
|
$532.5m
+96.19%
|
$509.7m
-4.28%
|
|
| Other revenues | $309k | $741k | $2.5m | $901k | $347k | $705k | $622k | $2.1m | $2.7m | — | |
| Cost of Goods and Services Sold | ($703.7m) |
$2.2b
+412.23%
|
$152.2m
-93.07%
|
$62.8m
-58.73%
|
$335.2m
+433.53%
|
$410.5m
+22.46%
|
$157.5m
-61.62%
|
$200.6m
+27.35%
|
$488.6m
+143.50%
|
$492.0m
+0.71%
|
|
| Cost Of Revenue | $703.7m |
$2.2b
+212.23%
|
$1.9b
-11.77%
|
$409.9m
-78.86%
|
$2.1b
+421.07%
|
$421.2m
-80.28%
|
$452.3m
+7.36%
|
$353.6m
-21.80%
|
$488.6m
+38.16%
|
$492.0m
+0.71%
|
|
| Net Interest Income | — | — | — | — | — | $2.4m |
$956k
-59.70%
|
$15k
-98.43%
|
($1.7m)
-11433.33%
|
($2.2m)
-28.53%
|
|
| Gross Profit | $604.1m |
$508.1m
-15.88%
|
($74.1m)
-114.59%
|
$5.8m
+107.81%
|
$447.3m
+7627.47%
|
$224.4m
-49.83%
|
($240.8m)
-207.29%
|
($84.3m)
+64.98%
|
$41.2m
+148.81%
|
$17.6m
-57.22%
|
|
| Research And Development | — | $189.7m | $24.3m | $21.5m | $52.2m | $81.8m | $64.8m | $61.3m | $63.1m | $59.6m | |
| Research and development expenses | ($99.8m) | ($189.7m) | ($169.0m) | ($140.0m) | ($332.8m) | ($546.6m) | ($64.8m) | ($61.3m) | ($63.1m) | $59.6m | |
| Selling and Marketing Expense | — | $38.7m | $3.1m | $3.1m | $15.8m | $9.1m | $8.2m | $5.7m | $13.6m | $78.0m | |
| Sales and marketing expenses | ($20.7m) | ($38.7m) | ($21.9m) | ($20.0m) | ($100.5m) | ($63.0m) | ($8.2m) | ($5.7m) | ($13.6m) | — | |
| General and Administrative Expense | — | $146.7m | $49.9m | $20.2m | $92.4m | $84.2m | $71.2m | $71.7m | $68.1m | $66.2m | |
| General and administrative expenses | ($125.3m) | ($146.7m) | ($347.6m) | ($131.6m) | ($589.1m) | ($580.5m) | ($71.2m) | ($71.7m) | ($68.1m) | $66.2m | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | $159k | $212k | — | |
| Operating Lease, Lease Income | — | — | $3.5m | $2.9m | $1.2m | — | — | — | — | — | |
| Operating Expenses | — | $375.1m | $77.4m | $44.7m | $160.4m | $180.2m | $170.1m | $142.8m | $153.4m | $137.6m | |
| Total operating expenses | ($245.8m) | ($375.1m) | ($538.5m) | ($291.6m) | ($1.0b) | ($1.2b) | ($170.1m) | ($142.8m) | ($153.4m) | $137.6m | |
| Loss from operations | — | $133.0m |
($1.1b)
-892.74%
|
($253.9m)
+75.92%
|
$1.8b
+820.15%
|
$304.7m
-83.33%
|
($410.9m)
-234.84%
|
($227.1m)
+44.72%
|
($112.2m)
+50.59%
|
— | |
| Other Non Operating Income Expenses | — | — | — | — | — | $3.3m | $2.2m | $10.8m | $5.6m | — | |
| Operating Income (Loss) | — | $200.2m |
($148.6m)
-174.21%
|
($38.9m)
+73.82%
|
$286.9m
+837.41%
|
$44.2m
-84.60%
|
($410.9m)
-1030.04%
|
($227.1m)
+44.72%
|
($112.2m)
+50.59%
|
($120.0m)
-6.93%
|
|
| Interest Expense, Debt | — | — | — | — | — | — | — | $521k | $2.0m | $2.5m | |
| Investment Income, Interest | — | $4.2m | $553k | $483k | $1.1m | $2.3m | $956k | $536k | $266k | — | |
| Interest income | $243k | $4.2m | $3.9m | $3.2m | $7.3m | $15.9m | $956k | $536k | $266k | $359k | |
| Net Non Operating Interest Income Expense | — | — | — | — | — | $2.4m | $956k | $15k | ($1.7m) | ($2.2m) | |
| Foreign Currency Transaction Gain (Loss), before Tax | — | ($1.2m) | $978k | $371k | $2.8m | $35.2m | $12.3m | $14.1m | ($3.5m) | — | |
| Gain (Loss) on Investments | — | $3.2m | $439k | $896k | $43k | $0 | — | — | — | — | |
| Gain On Sale Of PPE | — | — | — | — | — | $0 | $0 | $7.2m | $1.6m | $1.3m | |
| Gain On Sale Of Security | — | — | — | — | — | $39.7m | ($57.8m) | $44.0m | ($99.2m) | ($96.0m) | |
| Other Income | — | — | — | — | — | — | $622k | $2.1m | $2.7m | — | |
| Other income, net | ($1.1m) | $3.8m | $25.1m | $31.0m | $6.4m | $22.2m | $2.2m | $10.8m | $5.6m | ($88.4m) | |
| Other Nonoperating Income (Expense) | — | $3.8m | $3.6m | $4.7m | $1.0m | $3.2m | $2.2m | ($5.0m) | ($337k) | — | |
| Interest Expense (non-operating) | — | $53.1m | $2.9m | $550k | — | $0 | $0 | $521k | $2.0m | $2.5m | |
| Other Income Expense | — | — | — | — | — | $35.1m | ($81.4m) | $50.8m | ($102.2m) | ($88.4m) | |
| Pre-Tax Income | — | — | — | — | — | $88.3m | ($465.5m) | ($172.3m) | ($207.5m) | ($210.5m) | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | — | $200.2m | ($148.6m) | ($33.0m) | $321.7m | $88.5m | ($465.5m) | ($172.3m) | ($207.5m) | ($210.5m) | |
| Current Income Tax Expense (Benefit) | — | $76.7m | — | $0 | $149.2m | $217.9m | ($5.7m) | $11.3m | $2.7m | $2.3m | |
| Loss before income tax expense | $401.0m | $200.2m | ($1.0b) | ($215.1m) | $2.1b | $610.4m | ($465.5m) | ($172.3m) | ($207.5m) | — | |
| Income tax benefit (expense) | ($25.2m) | ($77.8m) | $0 | $0 | ($50.1m) | ($124.0m) | $51.3m | ($77.5m) | ($2.8m) | — | |
| Income Tax Expense (Benefit) | — | $77.8m | — | $0 | $7.9m | $18.0m | ($51.3m) | $77.5m | $2.8m | $2.3m | |
| Net loss | $375.8m | $122.4m | ($1.0b) | ($215.1m) | $2.0b | $486.4m | ($414.2m) | ($249.8m) | ($210.3m) | — | |
| Net Income From Continuing And Discontinued Operation | — | $122.4m | ($148.6m) | ($33.0m) | $313.9m | $69.9m | ($414.2m) | ($249.8m) | ($210.3m) | ($212.6m) | |
| Earnings Per Share, Basic | $19.06 | $6.23 | ($6.90) | ($1.41) | $12.45 | $2.75 | ($16.06) | ($6.13) | ($2.99) | ($0.31) | |
| Earnings Per Share, Diluted | $19.06 | $6.19 | ($6.90) | ($1.41) | $12.18 | $2.74 | ($16.06) | ($6.13) | ($2.99) | ($0.31) | |
| Excess of fair value of convertible preferred shares | — | — | — | — | — | — | ($59.2m) | ($50.7m) | ($28.2m) | — | |
| - Basic (in shares) | $2.0b | $2.0b | $2.2b | $2.3b | $2.5b | $2.6b | $2.6b | $4.1b | $7.0b | $562.1m | |
| - Diluted (in shares) | $2.0b | $2.0b | $2.2b | $2.3b | $2.6b | $2.6b | $2.6b | $4.1b | $7.0b | $562.1m | |
| Weighted Average Number of Shares Outstanding, Basic | 2.0b | 2.0b | 2.2b | 2.3b | 2.5b | 2.6b | 2.6b | 4.1b | 7.0b | 562.1m | |
| Basic Average Shares | — | — | — | — | — | $170.7m | $171.9m | $271.5m | $468.8m | $562.1m | |
| Diluted Average Shares | — | — | — | — | — | $171.9m | $171.9m | $271.5m | $468.8m | $562.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 2.0b | 2.0b | 2.2b | 2.3b | 2.6b | 2.6b | 2.6b | 4.1b | 7.0b | 562.1m | |
| Additional Financial Items | |||||||||||
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | $0 | $0 | $0 | — | |
| Gross (loss) profit | $604.4m | $508.1m | ($516.0m) | $37.8m | $2.9b | $1.5b | ($240.8m) | ($84.3m) | $41.2m | — | |
| Impairment on property, equipment and software | — | — | — | — | $0 | $0 | ($21.1m) | $7.2m | $1.6m | — | |
| Impairment on cryptocurrency | — | — | — | — | $1.1m | ($53.0m) | ($4.7m) | — | — | — | |
| Change in fair value of cryptocurrency | — | — | — | — | — | — | — | $42.4m | ($11.4m) | — | |
| Change in fair value of financial instruments other than derivatives | — | — | $0 | $0 | $190.2m | $24.6m | ($10.9m) | $20.6m | ($46.6m) | — | |
| Change in fair value of financial derivatives | — | — | — | — | — | — | — | $17.6m | ($9.5m) | — | |
| Foreign exchange gains (losses), net | ($1.2m) | ($1.2m) | $6.8m | $2.4m | $17.9m | $243.0m | $12.3m | $14.1m | ($3.5m) | — | |
| Foreign currency translation adjustment, net of nil tax | — | ($65.2m) | $9.7m | ($24.2m) | ($22.1m) | $97.1m | ($7.0m) | ($13.6m) | $803k | — | |
| Diluted EPS | — | — | — | — | — | $0.56 | ($2.41) | ($0.92) | ($0.45) | ($0.31) | |
| Diluted NI Availto Com Stockholders | — | $122.4m | ($148.6m) | ($33.0m) | $313.9m | $69.9m | ($414.2m) | ($249.8m) | ($210.3m) | ($212.6m) | |
| Impairment Of Capital Assets | — | — | — | — | — | $7.9m | $25.8m | $11.3m | $10.2m | $10.2m | |
| Normalized EBITDA | — | — | — | — | — | $90.2m | ($322.2m) | ($183.3m) | ($50.2m) | ($208.0m) | |
| Normalized Income | — | — | — | — | — | $44.5m | ($339.7m) | ($281.3m) | ($125.1m) | ($149.6m) | |
| Other Gand A | — | — | — | — | — | $88.3m | $71.2m | $71.7m | $68.1m | — | |
| Reconciled Depreciation | — | — | — | — | — | $33.7m | $59.6m | $28.4m | $47.6m | $47.6m | |
| Selling General And Administration | — | — | — | — | — | $97.7m | $79.4m | $77.4m | $81.7m | — | |
| Special Income Charges | — | — | — | — | — | ($7.9m) | ($25.8m) | ($4.1m) | ($8.6m) | ($8.9m) | |
| Tax Effect Of Unusual Items | — | — | — | — | — | $6.5m | ($9.2m) | $8.4m | ($22.6m) | ($42.0m) | |
| Tax Provision | — | — | — | — | — | $18.4m | ($51.3m) | $77.5m | $2.8m | $2.3m | |
| Tax Rate For Calcs | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Write Off | — | — | — | — | — | $7.9m | $4.7m | $0 | — | $10.2m | |
| Other cost | — | — | — | — | ($639k) | ($223k) | ($2.3m) | ($817k) | ($2.3m) | — | |
| Share-based compensation expense | — | — | — | — | $76.5m | $63.0m | $42.1m | $30.9m | $22.8m | — | |
| Operating Expense | — | — | — | — | — | $179.5m | $144.3m | $138.7m | $144.8m | $137.6m | |
| Total comprehensive loss | $375.8m | $57.2m | ($1.0b) | ($239.3m) | $2.0b | $583.4m | ($421.1m) | ($263.3m) | ($209.5m) | — | |
| Total Unusual Items | — | — | — | — | — | $31.9m | ($83.6m) | $39.9m | ($107.8m) | ($104.9m) | |
| Total Expenses | — | — | — | — | — | $600.7m | $596.5m | $492.4m | $633.4m | $629.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.