Canaan Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2022	FY 2021	2017 - 2020
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Mar '22 Mar 3, 2022	Dec '21 Dec 31, 2021	2017 - 2020
Operating Revenue	223.23	176.9	618.89	-	768.14	Upgrade
Other Revenue	46.09	34.58	32.64	-	4.62	Upgrade
Revenue	269.32	211.48	651.53	-	772.76	Upgrade
Revenue Growth (YoY)	27.35%	-67.54%	-	-	1026.92%	Upgrade
Cost of Revenue	353.64	452.26	421.24	-	331.01	Upgrade
Gross Profit	-84.32	-240.78	230.29	-	441.76	Upgrade
Selling, General & Admin	77.4	79.42	97.72	-	106.61	Upgrade
Research & Development	61.32	64.85	81.76	-	52.17	Upgrade
Other Operating Expenses	-	4.71	7.88	-	-	Upgrade
Operating Expenses	138.72	148.98	187.35	-	158.78	Upgrade
Operating Income	-223.04	-389.76	42.94	-	282.97	Upgrade
Interest Expense	-0.52	-	-	-	-	Upgrade
Interest & Investment Income	0.54	0.96	2.37	-	1.18	Upgrade
Currency Exchange Gain (Loss)	14.14	12.31	35.94	-	2.24	Upgrade
Other Non Operating Income (Expenses)	91.44	-8.68	7.09	-	30.46	Upgrade
EBT Excluding Unusual Items	-117.46	-385.17	88.33	-	316.85	Upgrade
Gain (Loss) on Sale of Assets	7.22	-	-	-	-	Upgrade
Asset Writedown	-11.3	-21.13	-	-	-	Upgrade
Other Unusual Items	-50.73	-59.2	-	-	-	Upgrade
Pretax Income	-172.27	-465.49	88.33	-	316.85	Upgrade
Income Tax Expense	77.48	-51.34	18.45	-	7.77	Upgrade
Net Income	-249.75	-414.15	69.88	-	309.09	Upgrade
Net Income to Common	-249.75	-414.15	69.88	-	309.09	Upgrade
Shares Outstanding (Basic)	271	172	171	-	168	Upgrade
Shares Outstanding (Diluted)	271	172	172	-	172	Upgrade
Shares Change (YoY)	57.89%	0.05%	-	-	9.82%	Upgrade
EPS (Basic)	-0.92	-2.41	0.41	-	1.84	Upgrade
EPS (Diluted)	-0.92	-2.41	0.41	-	1.80	Upgrade
Free Cash Flow	-218.57	-126.93	-200.35	-	196.64	Upgrade
Free Cash Flow Per Share	-0.81	-0.74	-1.17	-	1.15	Upgrade
Gross Margin	-31.31%	-113.86%	35.35%	-	57.17%	Upgrade
Operating Margin	-82.82%	-184.30%	6.59%	-	36.62%	Upgrade
Profit Margin	-92.73%	-195.84%	10.73%	-	40.00%	Upgrade
Free Cash Flow Margin	-81.15%	-60.02%	-30.75%	-	25.45%	Upgrade
EBITDA	-194.63	-330.11	76.63	-	285.16	Upgrade
EBITDA Margin	-72.27%	-156.10%	11.76%	-	36.90%	Upgrade
D&A For EBITDA	28.42	59.64	33.69	-	2.19	Upgrade
EBIT	-223.04	-389.76	42.94	-	282.97	Upgrade
EBIT Margin	-82.82%	-184.30%	6.59%	-	36.62%	Upgrade
Effective Tax Rate	-	-	20.89%	-	2.45%	Upgrade
Revenue as Reported	269.32	211.48	651.53	-	772.76	Upgrade
Advertising Expenses	0.54	1.64	0.96	-	0.69	Upgrade

Updated Mar 26, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q