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Canaan Inc.

Data quality: 100%

CAN

Nasdaq Financial Services Nondepository Credit Institutions

$0.44

$0.00 (0.00%)

Mkt Cap: 298.34 M

Price

$0.44

Mkt Cap

298.34 M

Day Range

$0.42 — $0.44

52-Week Range

$0.39 — $2.22

Volume

6,916,452

Open $0.43

50D / 200D Avg

$0.51

14.42% below

50D / 200D Avg

$0.82

46.28% below

Quick Summary

Key Takeaways

Revenue grew 40.76% annually over 5 years — strong growth

Debt/Equity of 0.03 — conservative balance sheet

Negative free cash flow of -218.57 M

Revenue growth is decelerating — 1Y growth trails 5Y average by 13.41%

Capital efficient — spends only 7.17% of revenue on capex

Growth

Revenue Growth (5Y)

40.76%

Above sector avg (5.83%)

Revenue (1Y)27.35%

Earnings (1Y)N/A

FCF Growth (3Y)N/A

Quality

Return on Equity

-81.29%

Below sector avg (9.24%)

ROIC-55.85%

Net Margin-92.73%

Op. Margin-84.33%

Safety

Debt / Equity

0.03

Below sector avg (0.49)

Current Ratio1.87

Interest Coverage-435.95

Valuation

PE (TTM)

-1.19

Below sector avg (11.15)

P/B Ratio1.12

EV/EBITDAN/A

Dividend YieldN/A

Price History

Financial Trends

Peer Comparison

vs Financial Services sector median (2150 peers)

Metric	Stock	Sector Median
P/E	-1.2	11.2
P/B	1.1	1.2
ROE %	-81.3	9.2
Net Margin %	-92.7	9.4
Rev Growth 5Y %	40.8	5.8
D/E	0.0	0.5

ETFs Holding This Stock

MNRS Grayscale Bitcoin Miners ETF

1.45% weight

BLOK Amplify Blockchain Technology ETF

0.69% weight

WGMI CoinShares Bitcoin Mining ETF

0.61% weight

FPXE First Trust IPOX Europe Equity Opportunities ETF

0.41% weight

GINN Goldman Sachs Innovate Equity ETF

0.04% weight

BCOR Grayscale Bitcoin Adopters ETF

0.04% weight

GTPE Goldman Sachs MSCI World Private Equity Return Tracker ETF

0.02% weight

AVSD Avantis Responsible International Equity ETF

0.01% weight

DEEF Xtrackers FTSE Developed ex US Multifactor ETF

0.01% weight

All Fundamental Metrics

Growth
Revenue Growth (1Y)	27.35%	Revenue Growth (3Y)	-34.87%
Earnings Growth (1Y)	N/A	Earnings Growth (3Y)	N/A
Revenue Growth (5Y)	40.76%	Earnings Growth (5Y)	N/A
Profitability
Revenue (TTM)	269.32 M	Net Income (TTM)	-249.75 M
ROE	-81.29%	ROA	-52.23%
Gross Margin	-31.31%	Operating Margin	-84.33%
Net Margin	-92.73%	Free Cash Flow (TTM)	-218.57 M
ROIC	-55.85%	FCF Growth (3Y)	N/A
Safety
Debt / Equity	0.03	Current Ratio	1.87
Interest Coverage	-435.95	Asset Turnover	0.56
Working Capital	155.45 M	Tangible Book Value	265.35 M
Dividends
Dividend Yield	N/A	Payout Ratio	N/A
Dividend Growth (3Y)	N/A	Dividend Growth (5Y)	N/A
Consecutive Div Years	N/A
Valuation
P/E Ratio	-1.19	Forward P/E	N/A
P/B Ratio	1.12	P/S Ratio	1.11
PEG Ratio	N/A	Forward PEG	N/A
EV/EBITDA	N/A	Fwd EV/EBITDA	N/A
Forward P/S	N/A	Fwd Earnings Yield	N/A
FCF Yield	-73.26%
Market Cap	298.34 M	Enterprise Value	209.13 M
Per Share
EPS (Diluted TTM)	-6.13	Revenue / Share	0.40
FCF / Share	-0.32	OCF / Share	-0.29
EPS CAGR (1Y)	N/A	EPS CAGR (5Y)	N/A
EPS CAGR (10Y)	N/A
Efficiency
CapEx / Revenue	7.17%	FCF Conversion	87.51%
SBC-Adj. FCF	-249.48 M	Growth Momentum	-13.41

Income Statement

Annual, most recent first

Metric	FY2024	FY2023	FY2022	FY2021	FY2020
Revenue	269.32 M	211.48 M	634.88 M	782.52 M	68.61 M
Net Income	-249.75 M	-414.15 M	70.51 M	313.89 M	-32.96 M
EPS (Diluted)	-6.13	-16.06	2.74	12.18	-1.41
Gross Profit	-84.32 M	-240.78 M	224.41 M	447.34 M	5.79 M
Operating Income	-227.13 M	-410.88 M	44.18 M	286.90 M	-38.91 M
EBITDA	—	—	—	—	—
R&D Expenses	61.32 M	64.85 M	79.26 M	52.23 M	21.46 M
SG&A Expenses	—	—	—	—	—
D&A	—	—	—	—	—
Interest Expense	521,000.0	—	—	—	550,000.0
Income Tax	77.48 M	-51.34 M	17.98 M	7.86 M	0.0

Balance Sheet

Annual, most recent first

Metric	FY2024	FY2023	FY2022	FY2021	FY2020
Total Assets	463.01 M	493.30 M	692.17 M	883.82 M	158.83 M
Total Liabilities	196.76 M	145.11 M	78.05 M	341.08 M	92.54 M
Shareholders' Equity	266.25 M	348.19 M	614.12 M	542.74 M	66.29 M
Total Debt	7.28 M	—	—	—	5.33 M
Cash & Equivalents	96.49 M	—	—	421.23 M	59.97 M
Current Assets	334.02 M	363.68 M	561.14 M	827.52 M	154.36 M
Current Liabilities	178.57 M	135.19 M	75.99 M	327.20 M	90.80 M