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Canaan Inc. (CAN) Graph

CAN Revenue Flow

Filed revenue amounts for 2025-01-01 to 2025-12-31. Coverage is partial. Unconnected amounts are separate disclosures; they must not be added together.

  • 2025-12-31: Revenue $529.74M; Cost of revenue $488.58M; Research and development $63.15M; Operating expenses $153.39M.
  • 2024-12-31: Revenue $269.32M; Cost of revenue $353.64M; Research and development $61.32M; Operating expenses $142.81M.
  • 2023-12-31: Revenue $211.48M; Cost of revenue $452.26M; Research and development $64.84M; Operating expenses $170.10M.
  • 2022-12-31: Revenue $651.53M; Cost of revenue $421.24M; Research and development $81.75M; Operating expenses $187.35M.

Product or service

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

CAN revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Mining$113.24MProduct$413.78MRevenue$529.74MCost of revenue$488.58MGross profit$41.16MOperating expenses$153.39MOperating income-$112.23MOther income, net-$337.00KResearch & development$63.14MPre-tax income-$207.49MIncome tax$2.78MNet income-$210.27M

Geography

Separate filed amounts; connecting flows are not established. Components and totals may overlap.

CAN revenue flowFiled amounts. Only explicit calculation relationships connect amounts; dimensional membership alone does not establish an additive flow.Other ForeignCountries$2.11MAE$1.98MBR$1.09MCA$18.12MCN$169.42MET$71.59MGE$2.10MHK$20.17MIE$2.82MKZ$1.64MMY$3.36MNL$2.51MSG$12.22MUS$220.60MRevenue$529.74MCost of revenue$488.58MGross profit$41.16MOperating expenses$153.39MOperating income-$112.23MOther income, net-$337.00KResearch & development$63.14MPre-tax income-$207.49MIncome tax$2.78MNet income-$210.27M

Finer product or service dollar figures and nonoverlapping groupings are shown only where supported by the retained filing evidence. Growth percentages are never converted to revenue dollars.

Historical revenue and expense breakdown

Revenue and expense 12 month

Period endRevenueCost of revenueResearch and developmentOperating expensesIncome taxNet income
2025-12-31$529.74M$488.58M$63.15M$153.39M$2.78M-$210.27M
2024-12-31$269.32M$353.64M$61.32M$142.81M$77.48M-$249.75M
2023-12-31$211.48M$452.26M$64.84M$170.10M-$51.34M-$414.15M
2022-12-31$651.53M$421.24M$81.75M$187.35M$18.45M$69.88M
2021-12-31$772.76M$331.00M$52.17M$158.78M$7.76M$309.09M
2020-12-31$68.61M$62.82M$21.46M$44.70M$0.00-$32.96M
2019-12-31$204.35M$278.47M$24.27M$77.36M(m)-$148.60M