7 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $530M | -$210M | 7.8% | -21.2% | -$296M | $52M | $81M |
| 2024 | $269M | -$250M | -31.3% | -84.3% | -$219M | $24M | $96M |
| 2023 | $211M | -$414M | -113.9% | -194.3% | -$127M | — | $96M |
| 2022 | $652M | $70M | 35.3% | 6.6% | -$200M | — | — |
| 2021 | $773M | $309M | 57.2% | 36.6% | $197M | — | $421M |
| 2020 | $69M | -$33M | 8.4% | -56.7% | $6M | — | $60M |
| 2019 | $204M | -$149M | -36.3% | 0.0% | -$41M | — | $74M |
How the market has priced CAN against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Canaan Inc.'s revenue has grown 50.5% per year. These are computed facts, not advice.
As of FY2025, Canaan Inc. reported $52M of total debt against $81M of cash; operating income covered interest expense -57.1×.
In FY2025, gross margin was 7.8%, operating margin -21.2%, and net margin -39.7%.
As of Jun '26, Canaan Inc. traded at a price-to-earnings ratio of about 232.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.