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

$0.16−0.02 (-10.29%)

Close on Nov 12, 2026Market cap $115.52MP/E –Yield –

Canaan statistics

85 measures from SEC filings and the closing price. Hover a name for the formula; the last column is the median of companies in the same industry group.

Important dates

Next earnings: –
Last ex-dividend date: No dividends
Fundamentals through: Dec 31, 2025
Share price as of: Nov 12, 2026

Valuation ratiosIndustry

Market Cap: $115.52M; $235.51M
Enterprise Value: $86.99M; $208.33M
PS Ratio: 0.22; 2.72
PB Ratio: 0.26; 1.00
P/TBV Ratio: 0.26; 1.14

Enterprise valuationIndustry

EV / Sales: 0.16; 2.54

Share statisticsIndustry

Shares Outstanding: 10.74B; 53M
Shares Change (YoY): 72.9%; 13.6%
Float: 9.97B; 39M
Shares Held by Insiders: 7.17%; 18.5%
Shares Held by Institutions: 1.32%; 27.7%

Short sellingIndustry

Short Interest: 67M; –
Short Interest Change: 2.90%; -0.08%
Days to Cover: 11.14; 3.79

Stock price statisticsIndustry

52-Week High: $1.15; –
52-Week Low: $0.15; –
20-Day Moving Average: $0.21; –
50-Day Moving Average: $0.28; –
200-Day Moving Average: $0.38; –
Average True Range (14): $0.02; –
Price Change (1 Week): -10.8%; -3.65%
Price Change (1 Month): -37.5%; -13.5%
Price Change (3 Months): -29.9%; -16.0%
Price Change (6 Months): -69.4%; -30.8%
Price Change (YTD): -76.6%; -35.5%
Price Change (1 Year): -85.5%; -49.9%
Price Change (3 Years): -90.0%; -32.3%
Price Change (5 Years): -98.4%; -81.5%
Average Volume (10 Days): 9M; –
Average Volume (20 Days): 7M; –
Average Volume (90 Days): 13M; –
Relative Volume: 0.68; 0.72
Relative Strength Index (14): 32.4; 40.0
Volatility (1 Year): 111.0%; 94.5%
Beta (5 Years): 1.99; 1.25

MarginsIndustry

Gross Margin: 7.77%; 41.7%
Operating Margin: -21.2%; -127.0%
Pretax Margin: -39.2%; -6.87%
Profit Margin: -39.7%; -19.4%
EBITDA Margin: -21.2%; -66.0%
FCF Margin: -55.8%; -29.5%

Returns on capitalIndustry

Return on Equity (ROE): -59.8%; -21.1%
Return on Assets (ROA): -39.5%; -8.40%
Return on Invested Capital (ROIC): -29.4%; -27.8%
Return on Capital Employed (ROCE): -23.8%; -19.5%

Financial positionIndustry

Current Ratio: 3.31; 1.56
Quick Ratio: 0.76; 0.52
Debt / Equity: 0.12; 0.18
Interest Coverage: -57.08; -7.18

GrowthIndustry

Revenue Growth (YoY): 96.7%; 15.4%
Revenue Growth (3Y CAGR): -6.67%; 5.94%
Revenue Growth (5Y CAGR): 50.5%; 10.7%

EfficiencyIndustry

Asset Turnover: 0.99; 0.16
Inventory Turnover: 3.55; 5.61
Revenue Per Employee: $1.33M; $675.54K
Profits Per Employee: -$526.99K; -$184.58K
Employee Count: 399; 47
WACC: 11.5%; 10.9%

Income statement (TTM)Industry

Revenue: $529.74M; $63.78M
Gross Profit: $41.16M; $1.60M
Operating Income: -$112.23M; -$12.90M
Pretax Income: -$207.49M; -$2.80M
Net Income: -$210.27M; -$3.38M
EBITDA: -$112.23M; -$7.83M
EPS (Diluted): -$2.99; -$0.01

Balance sheetIndustry

Cash & Short-Term Investments: $80.78M; $20.55M
Total Debt: $52.25M; $41.87M
Net Cash (Debt): $28.53M; $7.28M
Net Cash Per Share: $0.00; $0.18
Equity (Book Value): $437.37M; $224.68M
Book Value Per Share: $0.04; $4.07
Tangible Book Value: $436.68M; $156.69M
Working Capital: $302.20M; $10.69M

Cash flow (TTM)Industry

Operating Cash Flow: -$271.22M; -$5.12M
Capital Expenditures: -$24.61M; -$4.70M
Free Cash Flow: -$295.83M; -$12.35M
FCF Per Share: -$0.03; -$0.20

Dividends and yieldsIndustry

Earnings Yield: -182.0%; -12.4%
FCF Yield: -256.1%; -15.6%
Buyback Yield: 4.33%; 0.51%
Shareholder Yield: 4.33%; 0.54%

Taxes and interestIndustry

Interest Expense: $1.97M; $4.11M
Income Tax: $2.78M; $213.00K

Scores and fair valueIndustry

Altman Z-Score: -0.25; 0.34
Piotroski F-Score: 4; 4

Total return vs. the S&P 500

Price change plus reinvested dividends, to the close on Nov 12, 2026. The S&P 500 is measured by the SPY fund.

Period	CAN	S&P 500	Difference	CAN per year	S&P 500 per year
1 month	-43.2%	-2.7%	−40.5 pts
3 months	-21.9%	-1.7%	−20.1 pts
Year to date	-76.6%	+11.9%	−88.5 pts
1 year	-85.1%	+12.0%	−97.1 pts
3 years	-90.3%	+78.2%	−168.5 pts	-54.0%	+21.2%
5 years	-98.4%	+73.2%	−171.7 pts	-56.5%	+11.6%

Short interest

Shares sold short and not yet covered, reported by brokers to FINRA twice a month. Latest settlement date Oct 30, 2026.

67M CAN shares were sold short on Oct 30, 2026, up 2.9% from the previous report. At recent volumes it would take 11.1 days to buy them back. Over the last 20 sessions, 52.3% of the volume reported to FINRA was short selling.

Settlement date	Shares short	Change	Avg. daily volume	Days to cover
Oct 30, 2026	67,253,575	+2.9%	6,036,142	11.1
Oct 15, 2026	65,355,361	+2.1%	7,268,060	9.0
Sep 30, 2026	63,987,519	-5.9%	13,189,336	4.8
Sep 15, 2026	67,970,127	+2.2%	16,806,137	4.0
Aug 31, 2026	66,514,054	+4.7%	31,045,910	2.1
Aug 14, 2026	63,540,990	-2.7%	10,986,508	5.8
Jul 31, 2026	65,307,695	+2.5%	10,454,501	6.3
Jul 15, 2026	63,724,900	-10.6%	10,368,494	6.2
Jun 30, 2026	71,286,256	+4.2%	9,822,318	7.3
Jun 15, 2026	68,441,798	+10.3%	10,126,301	6.8
May 29, 2026	62,050,287	+7.5%	11,341,178	5.5
May 15, 2026	57,715,931	-2.8%	8,203,391	7.0