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Canaan Inc. (CAN) stock

CANNasdaqFinance ServicesFiscal year ends December 31
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 15, 2026Score 6/30
$0.18+0.02 (+10.04%)

Close on Nov 11, 2026Market cap $128.77MP/E –Yield –

Canaan Inc. grew revenue 96.7% to $529.74M over fiscal 2025. Free cash flow was -$295.83M. At the latest close the market valued the company at $128.77M.

Revenue
$529.74M
+96.7% vs. a year earlier
Operating income
-$112.23M
FY2025
Free cash flow
-$295.83M
FY2025
EPS, diluted
-$2.99
FY2025

Key statistics

Valuation at the latest close; fundamentals over fiscal 2025, balances at Dec 31, 2025

Valuation

Market cap
$128.77M
P/E ratio
–
Price to sales
0.24
Price to book
0.29
Dividend yield
–
Free cash flow yield
-229.73%

Fundamentals

Revenue
$529.74M
Net income
-$210.27M
EPS, diluted
-$2.99
Free cash flow
-$295.83M

Trading

Previous close
$0.16
Open
$0.17
Day's range
$0.16 – $0.18
Volume
9,505,792
Average volume (20 days)
7,451,590
Beta (5 years)
2.02
52-week range
$0.15 – $1.15
RSI (14 days)
35.8
Volatility (1 year)
110.6%
Relative volume
0.71×
WACC
11.8%

Market cap history

Month-end market cap since 2019, using shares outstanding reported at the time

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 11, 2026. The S&P 500 is measured by the SPY fund.

PeriodCANS&P 500DifferenceCAN per yearS&P 500 per year
1 month-40.1%-2.4%−37.7 pts
3 months-10.5%-1.2%−9.4 pts
Year to date-73.9%+12.3%−86.2 pts
1 year-83.8%+12.4%−96.2 pts
3 years-89.2%+78.8%−168.0 pts-52.3%+21.4%
5 years-98.3%+75.2%−173.5 pts-55.8%+11.9%

Nine years at a glance

Fiscal years 2017 to 2025, USD

Revenue

$529.74M+96.7% YoY

Gross profit

$41.16M

Operating income

-$112.23M

Net income

-$210.27M

EPS, diluted

-$2.99

Free cash flow

-$295.83M
Reported period

Press releases

Releases Canaan filed with the SEC as exhibits to Form 8-K or 6-K

All press releases and earnings

About Canaan

Finance Services

Canaan Inc. is a fabless integrated circuit design company that specializes in semiconductor solutions and equipment for cryptocurrency mining. Operating primarily under the Avalon and AvalonMiner brands, the company develops proprietary application-specific integrated circuits (ASICs) and assembles Bitcoin mining hardware. Its offerings include industrial-grade mining machines, immersion- and hydro-cooled units, containerized Avalon Box infrastructure solutions, and the Avalon Home series designed for domestic environments. Canaan also engages directly in Bitcoin mining operations in collaboration with mining farms and energy providers. The company serves both individual retail purchasers and corporate clients globally.

Company profile, executives and history

Canaan stock: common questions

What is Canaan's stock price?

CAN closed at $0.18 on Nov 11, 2026, up 10.04% on the day. Over the past 52 weeks it traded between $0.15 and $1.15.

What is Canaan's market cap?

Canaan was worth $128.77M at the close on Nov 11, 2026: the share price times the diluted shares outstanding.

What is CAN's P/E ratio?

Canaan lost money over fiscal 2025 (diluted EPS -$2.99), so it has no meaningful P/E ratio.

How much revenue does Canaan make?

Canaan reported revenue of $529.74M for fiscal 2025, up 96.7% from a year earlier.

Does Canaan pay a dividend?

No. Canaan has not paid a cash dividend over the last twelve months.

How has CAN stock performed over the past year?

Including dividends, CAN returned -83.8% over the past year, against +12.4% for the S&P 500.

Who are Canaan's competitors?

Companies most similar to Canaan by business, industry and size include BTDR, FUFU, IREN, RIOT, CANG.

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