CANNasdaqFinance ServicesFiscal year ends December 31

Canaan Inc.

Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026

$0.23+0.00 (+0.48%)

Close on Oct 19, 2026

Market cap: –
P/E (TTM): –
Dividend yield: –

Canaan Inc. balance sheet

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31
Cash & Equivalents	81	96	96	102	421	60	74	–
Short-Term Investments	–	–	–	–	–	9.56	1.58	–
Cash & Short-Term Investments	81	96	96	102	421	70	76	–
Receivables	19	1.51	3.00	–	0.06	1.09	0.41	–
Inventory	181	95	142	212	127	35	28	–
Prepaid Expenses & Other	100	91	122	243	271	48	30	–
Total Current Assets	433	334	364	556	828	154	135	–
Property, Plant & Equipment	44	40	29	85	29	1.87	3.25	–
Gross Property, Plant & Equipment	155	112	116	120	–	–	–	–
Accumulated Depreciation	-111	-72	-86	-35	–	–	–	–
Long-Term Investments	–	–	–	2.90	3.14	0.00	–	–
Operating Lease Right-of-Use Assets	2.88	3.50	1.69	4.25	4.85	2.21	3.27	–
Intangible Assets	0.69	0.90	–	–	–	–	–	–
Deferred Tax Assets	0.19	0.30	67	22	16	–	–	–
Other Long-Term Assets	0.49	0.48	0.49	2.50	0.46	0.39	0.75	–
Total Assets	603	463	493	685	884	159	142	–
Accounts Payable	26	14	6.25	17	23	5.73	14	–
Short-Term Debt	–	–	–	–	–	5.33	14	–
Current Portion of Long-Term Debt	29	17	–	–	–	–	–	–
Current Debt	29	17	–	–	–	5.33	14	–
Current Portion of Leases	1.71	1.24	1.22	2.31	2.33	1.93	1.41	–
Current Income Taxes Payable	11	11	3.53	7.23	23	–	–	–
Deferred Revenue (Current)	9.32	24	20	0.66	210	66	1.19	–
Other Current Liabilities	3.73	1.73	3.53	2.70	–	–	–	–
Total Current Liabilities	131	179	135	75	327	91	41	–
Long-Term Debt	24	7.28	–	–	–	–	–	–
Long-Term Leases	0.95	1.70	0.21	1.44	2.56	0.51	1.93	–
Operating Lease Liabilities	2.65	2.94	1.43	3.76	4.88	2.44	3.34	–
Deferred Tax Liabilities	0.12	0.15	–	–	–	–	–	–
Other Long-Term Liabilities	9.63	9.06	9.71	0.60	0.91	1.23	–	–
Total Liabilities	166	197	145	77	341	93	43	–
Total Debt	52	24	–	–	–	5.33	14	–
Additional Paid-In Capital	1,177	816	654	492	454	251	234	–
Retained Earnings	-661	-450	-220	195	126	-183	-141	–
Treasury Stock	-37	-57	-57	-57	-36	-3.67	–	–
Comprehensive Income & Other	-57	-57	-44	-37	-16	-12	-7.98	–
Shareholders' Equity	437	266	348	608	542	66	100	–
Total Equity	437	266	348	608	542	66	100	–
Total Liabilities & Equity	603	463	493	685	884	159	142	–
Shares Outstanding(shares)	–	4,614	3,515	2,496	2,577	2,328	2,350	1,948

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Dec 31, 2025

Profitability, FY2025

Gross margin: 7.8%
Operating margin: -21.2%
Net margin: -39.7%
Return on equity, FY2025: -59.8%

Financial strength

Current ratio: 3.31
Debt to equity: 0.12
Debt to assets: 8.7%
Cash to current liabilities: 61.6%

Valuation

P/E ratio: –
Price to sales: –
Price to book: –
Dividend yield: –