CAN - Canaan Inc.
Price:
--
--
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CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$1.30
DETAILS
HIGH:
$1.30
LOW:
$1.30
MEDIAN:
$1.30
CONSENSUS:
$1.30
UPSIDE:
261.11%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||
| Revenue | 529.7 | 269.3 | 211.5 | 4,464.2 | 4,909.0 | 447.5 | 1,422.6 | 2,705.3 | 1,308.1 |
| Cost of Revenue | 488.6 | 353.6 | 452.3 | 2,886.3 | 2,102.7 | 409.8 | 1,938.6 | 2,197.2 | 703.7 |
| Gross Profit | 41.2 | (84.3) | (240.8) | 1,577.9 | 2,806.3 | 37.8 | (516.0) | 508.1 | 604.4 |
| Operating Expenses | |||||||||
| R&D Expenses | 63.1 | 61.3 | 64.8 | 564.3 | 331.4 | 140.0 | 169.0 | 180.6 | 101.0 |
| SG&A Expenses | 81.7 | 77.4 | 79.4 | 669.5 | 677.2 | 151.5 | 369.6 | 185.4 | 146.0 |
| Other Expenses | 8.6 | 4.1 | 25.8 | 49.9 | 2.1 | (0.2) | 0 | 9.1 | (1.3) |
| Operating Expenses | 153.4 | 142.8 | 170.1 | 1,283.7 | 1,010.8 | 291.3 | 538.5 | 375.1 | 245.8 |
| Operating Income | |||||||||
| Operating Income | (112.2) | (227.1) | (410.9) | 348.2 | 1,797.6 | (240.0) | (1,053.3) | 133.0 | 358.6 |
| Interest Expense | 2.0 | 0.5 | 0 | 0 | 0 | 3.4 | 2.9 | 7.7 | 0 |
| Interest Income | 0.3 | 0.5 | 1.0 | 16.3 | 7.2 | 8.5 | 0.6 | 0.6 | 5.7 |
| Profitability | |||||||||
| EBITDA | (75.2) | (143.3) | (330.1) | 526.7 | 1,815.3 | (216.1) | (110.8) | 266.4 | 411.6 |
| EBIT | (103.6) | (171.7) | (389.8) | 382.0 | 1,801.4 | (240.0) | (145.0) | 252.7 | 402.4 |
| Income Before Tax | (207.5) | (172.3) | (465.5) | 605.3 | 2,016.9 | (203.4) | (1,034.5) | 200.2 | 401.0 |
| Income Tax Expense | 2.8 | 77.5 | (51.3) | 126.4 | 49.3 | 0 | 0 | 80.8 | 24.5 |
| Net Income | (210.3) | (249.8) | (414.2) | 478.8 | 1,963.5 | (203.4) | (1,034.5) | 122.4 | 375.8 |
| Per Share Data | |||||||||
| EPS (Basic) | -0.45 | -0.92 | -2.40 | 2.85 | 11.40 | -1.30 | -7.20 | 0.93 | 2.85 |
| EPS (Diluted) | -0.45 | -0.92 | -2.40 | 2.85 | 11.40 | -1.30 | -7.20 | 0.93 | 2.85 |
| Shares Outstanding | 468.8 | 271.5 | 171.9 | 171.9 | 171.7 | 156.4 | 143.5 | 131.9 | 131.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||
| Cash & Cash Equivalents | 80.8 | 96.5 | 96.2 | 695.8 | 2,684.3 | 59.9 | 516.6 | 258.9 | 176.5 |
| Short-Term Investments | 0 | 0 | 0 | 23.0 | 0 | 62.4 | 11.0 | 0 | 90 |
| Net Receivables | 19.3 | 114.7 | 58.4 | 496.1 | 274.7 | 100.4 | 2.8 | 22.5 | 1.3 |
| Inventory | 180.8 | 94.6 | 142.3 | 1,460.8 | 812.3 | 225.4 | 196.1 | 585.7 | 259.8 |
| Other Current Assets | 52.7 | 7.3 | 16.8 | 1,183.0 | (279.2) | 3.3 | 1,020.6 | 490.2 | 651.9 |
| Total Current Assets | 433.3 | 334.0 | 363.7 | 3,835.7 | 5,273.4 | 1,006.8 | 940.8 | 1,368.4 | 1,179.6 |
| Non-Current Assets | |||||||||
| Property, Plant & Equipment | 46.9 | 43.7 | 31.2 | 618.5 | 216.5 | 26.6 | 45.4 | 27.9 | 18.4 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0.7 | 0.9 | 7.5 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 121.3 | 2.8 | 2.8 | 19.8 | 20.0 | 0.0 | 0 | 0.0 | 0 |
| Other Non-Current Assets | 0.7 | 81.4 | 21.3 | 253.8 | 122.3 | 2.5 | 5.2 | 6.3 | 5.3 |
| Total Non-Current Assets | 169.6 | 129.0 | 129.6 | 892.1 | 358.8 | 29.2 | 50.6 | 34.3 | 23.7 |
| Total Assets | 602.9 | 463.0 | 493.3 | 4,693.3 | 5,632.2 | 1,036.0 | 991.4 | 1,402.7 | 1,203.2 |
| Current Liabilities | |||||||||
| Account Payables | 25.6 | 14.0 | 6.2 | 114.4 | 143.3 | 37.4 | 98.0 | 6.9 | 7.8 |
| Short-Term Debt | 28.5 | 84.8 | 0 | 15.9 | 2.3 | 34.8 | 18.2 | 1,050.4 | 0 |
| Deferred Revenue | 0 | 24.2 | 26.8 | 4.5 | 0 | 0 | 0 | 6.9 | 204.8 |
| Other Current Liabilities | 9.3 | 2.1 | 70.6 | (10.9) | 1,111.5 | 427.5 | 166.6 | 89.4 | 55.0 |
| Total Current Liabilities | 131.1 | 178.6 | 135.2 | 515.7 | 2,085.1 | 592.3 | 285.2 | 1,161.7 | 350.3 |
| Non-Current Liabilities | |||||||||
| Long-Term Debt | 23.7 | 7.3 | 0 | 0 | 0 | 0 | 13,399 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0.2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 9.7 | 0 | 0.5 | 4.1 | 72.4 | 8.0 | (13,387.5) | 0.0 | 0 |
| Total Non-Current Liabilities | 34.4 | 18.2 | 9.9 | 14.0 | 88.5 | 11.3 | 13.4 | 0.0 | 0 |
| Total Liabilities | 165.5 | 196.8 | 145.1 | 529.6 | 2,173.5 | 603.6 | 298.6 | 1,161.7 | 346.0 |
| Stockholders' Equity | |||||||||
| Common Stock | 0.0 | 0 | 0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (645.9) | (450.5) | (219.6) | 1,332.9 | 802.3 | (1,193.0) | (874.2) | 144.0 | 439.0 |
| Accumulated Other Comprehensive Income | (56.7) | (42.6) | (29.0) | (150.9) | (101.9) | 17.5 | (55.0) | (62.1) | (0.0) |
| Total Stockholders' Equity | 437.4 | 266.3 | 348.2 | 4,163.7 | 3,458.6 | 432.4 | 685.7 | 241.0 | 868.0 |
| Total Liabilities & Equity | 602.9 | 463.0 | 493.3 | 4,693.3 | 5,632.2 | 1,036.0 | 991.4 | 1,402.7 | 1,203.2 |
| Debt Metrics | |||||||||
| Total Debt | 54.9 | 95.0 | 1.4 | 25.7 | 31.1 | 50.7 | 13,420.5 | 1,049.0 | 0 |
| Net Debt | (25.9) | (1.5) | (94.7) | (670.1) | (2,652.2) | 61,280.5 | 12,903.9 | 790.1 | (176.5) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||
| Net Income | (210.3) | (249.8) | (414.2) | 3,391.0 | 1,963.5 | (1,327.0) | (1,034.5) | 122.4 | 375.8 |
| Depreciation & Amortization | 0 | 28.4 | 59.6 | 1,688.1 | 31.4 | 156.0 | 45.1 | 13.1 | 9.1 |
| Stock-Based Compensation | 0 | 30.9 | 42.1 | 0 | 485.9 | 0 | 270.2 | 18.6 | 95.5 |
| Change in Working Capital | 0 | (103.9) | 16.1 | (22,629.1) | (1,859.5) | 1,442.7 | (156.0) | 82.2 | (639.0) |
| Other Non-Cash Items | 210.3 | 21.9 | 218.4 | 6,085.1 | 663.7 | 72.5 | 595.2 | (249.1) | 172.6 |
| Operating Cash Flow | 0 | (199.3) | (123.6) | (11,829.9) | 1,285.0 | 344.2 | (280.1) | (12.7) | 91.2 |
| Investing Activities | |||||||||
| Capital Expenditure | 0 | (19.3) | (3.3) | (663.3) | (35.9) | (13.4) | (8.4) | (24.9) | (12.7) |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 3.9 | 0 | 16.3 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 | 0 | (8,245.7) | 0 | (1,460.3) | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 451.8 | 0 | 7,949.3 | 0 | 1,557.1 | 0 |
| Other Investing Activities | 0 | 80.3 | 42.9 | 0 | 41.2 | 0 | (8.0) | (4.2) | (0.6) |
| Investing Cash Flow | 0 | 61.0 | 39.6 | (211.4) | 5.4 | (305.8) | (16.3) | 84.0 | (13.3) |
| Financing Activities | |||||||||
| Net Debt Issuance | 0 | 9.9 | 0 | 0 | (34.9) | (484.3) | (905.8) | 1,025.8 | 0 |
| Stock Repurchased | 0 | 0 | 0 | (1,942.4) | (103.1) | (247.1) | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (692.1) | 0 |
| Other Financing Activities | 0 | (0.8) | (2.4) | (1,096.7) | 1,046.9 | 0 | 1,010.3 | (38.5) | 3.8 |
| Financing Cash Flow | 0 | 139.7 | 90.0 | (2,548.4) | 884.4 | (773.9) | 278.0 | 295.2 | 150 |
| Cash Position | |||||||||
| Net Change in Cash | (96.5) | 0.3 | (5.4) | (15,346.6) | 2,326.1 | (667.1) | (20.4) | 368.7 | 176.5 |
| Cash at Beginning | 96.5 | 96.2 | 101.6 | 20,123.3 | 395.6 | 3,244.2 | 545.2 | 176.5 | 0 |
| Cash at End | 0 | 96.5 | 96.2 | 4,776.6 | 2,721.8 | 2,577.1 | 524.8 | 545.2 | 176.5 |
| Free Cash Flow | 0 | (218.6) | (126.9) | (12,493.2) | 1,249.1 | 330.8 | (288.4) | (37.7) | 78.5 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||
| Revenue | 529.7 | 269.3 | 211.5 | 4,464.2 | 4,909.0 | 447.5 | 1,422.6 | 2,705.3 | 1,308.1 |
| Gross Profit | 41.2 | (84.3) | (240.8) | 1,577.9 | 2,806.3 | 37.8 | (516.0) | 508.1 | 604.4 |
| Operating Income | (112.2) | (227.1) | (410.9) | 348.2 | 1,797.6 | (240.0) | (1,053.3) | 133.0 | 358.6 |
| Net Income | (210.3) | (249.8) | (414.2) | 478.8 | 1,963.5 | (203.4) | (1,034.5) | 122.4 | 375.8 |
| EPS (Diluted) | -0.45 | -0.92 | -2.40 | 2.85 | 11.40 | -1.30 | -7.20 | 0.93 | 2.85 |
| Balance Sheet | |||||||||
| Cash & Equivalents | 80.8 | 96.5 | 96.2 | 695.8 | 2,684.3 | 59.9 | 516.6 | 258.9 | 176.5 |
| Total Assets | 602.9 | 463.0 | 493.3 | 4,693.3 | 5,632.2 | 1,036.0 | 991.4 | 1,402.7 | 1,203.2 |
| Total Debt | 54.9 | 95.0 | 1.4 | 25.7 | 31.1 | 50.7 | 13,420.5 | 1,049.0 | 0 |
| Stockholders' Equity | 437.4 | 266.3 | 348.2 | 4,163.7 | 3,458.6 | 432.4 | 685.7 | 241.0 | 868.0 |
| Cash Flow | |||||||||
| Operating Cash Flow | 0 | (199.3) | (123.6) | (11,829.9) | 1,285.0 | 344.2 | (280.1) | (12.7) | 91.2 |
| Capital Expenditure | 0 | (19.3) | (3.3) | (663.3) | (35.9) | (13.4) | (8.4) | (24.9) | (12.7) |
| Free Cash Flow | 0 | (218.6) | (126.9) | (12,493.2) | 1,249.1 | 330.8 | (288.4) | (37.7) | 78.5 |