Canaan Inc. income statement

In fiscal 2025, Canaan Inc. reported revenue of $530m, up 96.7% on the year before, operating income of −$112m (a -21.2% margin) and net income of −$210m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Canaan Inc.: income statement, annual
Fiscal year	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	204	69	773	652	211	269	530
Cost of revenue	278	63	331	421	452	354	489
Gross profit	−74	6	442	230	−241	−84	41
Research and development	24	21	52	82	65	61	63
Selling and marketing	3	3	16	9	8	6	14
General and administrative	50	20	91	88	71	72	68
Operating income	—	−39	283	43	−411	−227	−112
Interest expense	3	1	—	—	—	1	2
Income before tax	−149	−33	317	88	−465	−172	−207
Income tax	—	0	8	18	−51	77	3
Net income	−149	−33	309	70	−414	−250	−210
Diluted shares (average)	144m	156m	172m	172m	172m	271m	470m

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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Figures from Canaan Inc.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Canaan Inc.