Technology · Computer Hardware
Price
$0.30
Market Cap
$141.0M
Employees
463
Beta
2.54
Avg Volume
10,340,956
CEO
Nangeng Zhang
Business Description
Canaan Inc. operates as a holding company, primarily engaged in the design, production, and sale of Bitcoin mining hardware, in addition to supplying various associated services. A key focus for the company is the advancement and implementation of environmentally conscious mining practices. This firm was co-founded by Jia Xuan Li, Xiang Fu Liu, and Nan Geng Zhang on January 19, 2013, and its corporate headquarters are situated in Singapore.
Business History
Price Overview
Last updated: Jun 27, 2026 10:02am (just now)$0.30
+0.00 (+1.01%)
Day Range
$0.29 – $0.31
52-Week Range
$0.29 – $2.22
50-Day MA
$0.44
200-Day MA
$0.74
Volume
4,879,712.00
Analyst Price Targets
Low
$1.30
Consensus
$1.40
High
$1.50
(6 analysts)
Share Structure
Outstanding
469,623,234.00
Float
555,050,424.00
Free Float
118.2%
High free float
— 118.2% of shares trade freely, ~-18.2% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
API Direct from provider
CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALCStock Price / EPS (Diluted)
-0.67
Stock Price: $0.30
EPS (Diluted): -0.45
EPS (Diluted): -0.45
P/B Ratio (Price vs net asset value)
APIStock Price / Book Value Per Share
0.74
Stock Price: $0.30
Total Equity: $437.37M
Shares: 468,847,764
Total Equity: $437.37M
Shares: 468,847,764
EV/EBITDA (Total value vs operating profit)
APIEnterprise Value / EBITDA
-0.84
Market Cap: $141.03M
Total Debt: $52.25M
Cash: $80.78M
EBITDA: -$75.22M
Total Debt: $52.25M
Cash: $80.78M
EBITDA: -$75.22M
Enterprise Value (Takeover price (cap + debt - cash))
APIMarket Cap + Total Debt - Cash
$297.6M
Market Cap: $141.03M
Total Debt: $52.25M
Cash: $80.78M
Total Debt: $52.25M
Cash: $80.78M
P/S Ratio (Price per dollar of revenue)
APIStock Price / Revenue Per Share
0.61
Stock Price: $0.30
Revenue: $529.74M
Shares: 468,847,764
Revenue: $529.74M
Shares: 468,847,764
EV/Sales (Total value vs revenue — works when P/E can't)
API0.56
Gross Margin (Revenue left after direct costs)
APIGross Profit / Revenue
7.8%
Gross Profit: $41.16M
Revenue: $529.74M
Revenue: $529.74M
Operating Margin (Revenue left after all operations)
APIOperating Income / Revenue
-21.2%
Operating Income: -$112.23M
Revenue: $529.74M
Revenue: $529.74M
Net Margin (Revenue left as actual profit)
APINet Income / Revenue
-39.7%
Net Income: -$210.27M
Revenue: $529.74M
Revenue: $529.74M
ROE (Profit from shareholder equity)
APINet Income / Total Equity
-55.8%
Net Income: -$210.27M
Total Equity: $437.37M
Total Equity: $437.37M
ROIC (Profit from all invested capital)
APINOPAT / Invested Capital
-26.6%
Operating Income: -$112.23M
Tax Rate: -1.3%
Equity: $437.37M
Total Debt: $52.25M
Cash: $80.78M
Tax Rate: -1.3%
Equity: $437.37M
Total Debt: $52.25M
Cash: $80.78M
Current Ratio (Can it pay short-term bills)
APICurrent Assets / Current Liabilities
3.31
Current Assets: $433.29M
Current Liabilities: $131.09M
Current Liabilities: $131.09M
Debt/Equity (Leverage — debt vs equity)
CALCTotal Debt / Total Equity
0.12
Short-Term Debt: $28.52M
Long-Term Debt: $23.73M
Total Debt: $52.25M
Total Equity: $437.37M
Long-Term Debt: $23.73M
Total Debt: $52.25M
Total Equity: $437.37M
Rev/Share (Top-line per share)
CALCRevenue / Shares Outstanding
$1.13
Revenue: $529.74M
Shares: 468,847,764
Shares: 468,847,764
Book Value/Share (Net assets per share)
CALC(Total Assets - Total Liabilities) / Shares
$0.93
Total Equity: $437.37M
Shares: 468,847,764
Shares: 468,847,764
FCF/Share (Real cash generated per share)
CALC(Operating Cash Flow + CapEx) / Shares
$0.00
Operating CF: $0.00
CapEx: $0.00
Shares: 468,847,764
CapEx: $0.00
Shares: 468,847,764
Div Yield (Annual income from holding)
APILast Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $0.30
Stock Price: $0.30
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$210.27M
Net Income: -$210.27M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares CAN against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.5B | $211.5M | $269.3M | $529.7M |
| Cost of Revenue | $2.1B | $2.9B | $452.3M | $353.6M | $488.6M |
| Gross Profit | $2.8B | $1.6B | -$240.8M | -$84.3M | $41.2M |
| Operating Expenses | $1.0B | $1.3B | $170.1M | $142.8M | $153.4M |
| Operating Income | $1.8B | $294.2M | -$410.9M | -$227.1M | -$112.2M |
| Net Income | $2.0B | $478.8M | -$414.2M | -$249.8M | -$210.3M |
| EBITDA | $1.8B | $526.7M | -$330.1M | -$143.3M | -$75.2M |
| EPS | $11.40 | $2.85 | $-2.40 | $-0.92 | $-0.45 |
| EPS (Diluted) | — | — | — | — | — |
Balance Sheet (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $2.7B | $695.8M | $96.2M | $96.5M | $80.8M |
| Total Current Assets | $5.3B | $3.8B | $363.7M | $334.0M | $433.3M |
| Total Assets | $5.6B | $4.7B | $493.3M | $463.0M | $602.9M |
| Current Liabilities | $2.1B | $515.7M | $135.2M | $178.6M | $131.1M |
| Long-Term Debt | $0 | $0 | $0 | $7.3M | $23.7M |
| Total Liabilities | $2.2B | $529.6M | $145.1M | $196.8M | $165.5M |
| Total Equity | $3.5B | $4.2B | $348.2M | $266.3M | $437.4M |
| Retained Earnings | $802.3M | $1.3B | -$219.6M | -$450.5M | -$645.9M |
Cash Flow (Annual)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $1.3B | -$11.8B | -$123.6M | -$199.3M | $0 |
| Capital Expenditure | -$35.9M | -$663.3M | -$3.3M | -$19.3M | $0 |
| Free Cash Flow | $1.2B | -$12.5B | -$126.9M | -$218.6M | $0 |
| Acquisitions (net) | $0 | $0 | $0 | $0 | $0 |
| Debt Repayment | — | — | — | — | — |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | -$103.1M | -$1.9B | $0 | $0 | $0 |
| Net Change in Cash | $2.3B | -$15.3B | -$5.4M | $334,000 | -$96.5M |
Analyst Estimates (Annual)
Last updated: Jun 27, 2026 10:02am (just now)| Metric | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|
| Revenue |
$509.1M $490.0M – $523.5M
|
$272.3M $251.3M – $293.3M
|
$562.7M $483.9M – $669.9M
|
$583.9M $502.1M – $695.2M
|
| EBITDA |
-$120.8M -$124.2M – -$116.3M
|
-$64.6M -$69.6M – -$59.6M
|
-$133.5M -$158.9M – -$114.8M
|
-$138.6M -$164.9M – -$119.1M
|
| Net Income |
-$124.4M -$136.5M – -$112.3M
|
-$102.9M -$124.3M – -$81.5M
|
-$98.0M -$134.5M – -$88.2M
|
-$101.5M -$126.6M – -$83.0M
|
| EPS | — | — | — | — |
Growth Trends (YoY %)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | -9.1% | -95.3% | +27.4% | +96.7% |
| Gross Profit Growth | -43.8% | -115.3% | +65.0% | +148.8% |
| Operating Income Growth | -83.6% | -239.7% | +44.7% | +50.6% |
| Net Income Growth | -75.6% | -186.5% | +39.7% | +15.8% |
| EBITDA Growth | -71.0% | -162.7% | +56.6% | +47.5% |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-06-18 | Zhang Nangeng | P-Purchase | 250,000.00 | $0.00 | $0 |
| 2026-06-17 | Zhang Nangeng | P-Purchase | 250,000.00 | $0.00 | $0 |
| 2026-06-16 | Zhang Nangeng | P-Purchase | 250,000.00 | $0.00 | $0 |
| 2026-06-15 | Zhang Nangeng | P-Purchase | 250,000.00 | $0.00 | $0 |
| 2026-06-15 | Cheng Jin | P-Purchase | 65,000.00 | $0.00 | $0 |
| 2026-04-07 | ZHANG Yaping ZY | 0.00 | $0.00 | $0 | |
| 2026-03-25 | SHU ZHITANG | 0.00 | $0.00 | $0 | |
| 2026-03-24 | ZHANG WENJUN | 0.00 | $0.00 | $0 | |
| 2026-03-24 | DU HONGCHAO | 0.00 | $0.00 | $0 | |
| 2026-03-23 | Cheng Jin | 15,225,120.00 | $0.00 | $0 | |
| 2026-03-18 | Zhang Nangeng | 0.00 | $0.00 | $0 | |
| 2026-03-18 | Zhang Nangeng | 34,524,525.00 | $0.00 | $0 | |
| 2026-03-18 | Zhang Nangeng | 311,624,444.00 | $0.00 | $0 |
Dividend History (Last 20)
Last updated: Jun 21, 2026 6:51pm (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2021-11-15 | $0.38 | 2021-11-01 | 2021-12-02 | 2021-12-02 |
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for CAN — it's generated by the pipeline (
market-narrative step).
No community reviews yet for CAN.
Be the first — hit How to Contribute, have any AI review this page, and paste its take back here.
My Notes
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.352 · d1100787 · 2026-06-26 11:39:30