Canaan Inc. CAN

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0.20 USD +0.01 (+2.87%)

At closeNov 3, 2026, 5:45 PM EST

0.20 0.00 +1.60%

After hours · Nov 3, 5:45 PM ET

0.1962 Day range 0.2088
0.152 52-week range 1.29
YTD
-70.93%
1 year
-84.57%

Financial health

Altman Z-Score

-0.51 Distress zone

Bankruptcy-risk model: below 1.81 distress, above 2.99 safe.

Piotroski F-Score

3 / 9 Weak

Nine pass/fail tests of profitability, leverage and efficiency.

FMP rating

C+2 / 5 overall

  • DCF 2
  • Return on Equity 1
  • Return on Assets 1
  • Debt / Equity 3
  • P/E 1
  • P/B 5

Valuation

P/E -1.5×
FY 2017: 20.5×FY 2018: 66.5×FY 2019: -5.9×FY 2020: -29.7×FY 2021: 2.9×FY 2022: 5.0×FY 2023: -1.0×FY 2024: -2.2×FY 2025: -1.5×
FY 2017 5y median -1.0× FY 2025
P/S 0.6×
FY 2017: 5.9×FY 2018: 3.0×FY 2019: 4.3×FY 2020: 13.5×FY 2021: 1.1×FY 2022: 0.5×FY 2023: 1.9×FY 2024: 2.1×FY 2025: 0.6×
FY 2017 5y median 1.1× FY 2025
P/B 0.7×
FY 2017: 8.9×FY 2018: 33.9×FY 2019: 8.9×FY 2020: 14.0×FY 2021: 1.6×FY 2022: 0.6×FY 2023: 1.1×FY 2024: 2.1×FY 2025: 0.7×
FY 2017 5y median 1.1× FY 2025
P/FCF 0.0×
FY 2017: 98.0×FY 2018: -217×FY 2019: -21.1×FY 2020: 18.3×FY 2021: 4.5×FY 2022: -0.2×FY 2023: -3.1×FY 2024: -2.5×FY 2025: 0.0×
FY 2017 5y median -0.2× FY 2025
EV/EBITDA -5.3×
FY 2017: 18.3×FY 2018: 33.7×FY 2019: -136×FY 2020: -25.7×FY 2021: 1.6×FY 2022: 2.9×FY 2023: -0.9×FY 2024: -3.9×FY 2025: -5.3×
FY 2017 5y median -0.9× FY 2025
EV/Sales 0.6×
FY 2017: 5.7×FY 2018: 3.3×FY 2019: 13.4×FY 2020: 13.5×FY 2021: 0.6×FY 2022: 0.4×FY 2023: 1.4×FY 2024: 2.1×FY 2025: 0.6×
FY 2017 5y median 0.6× FY 2025
FCF Yield 0.0%
FY 2017: 1.0%FY 2018: -0.5%FY 2019: -4.7%FY 2020: 5.5%FY 2021: 22.2%FY 2022: -511.6%FY 2023: -32.0%FY 2024: -39.3%FY 2025: 0.0%
FY 2017 5y median -32.0% FY 2025

Profitability

Gross Margin 7.8%
FY 2017: 46.2%FY 2018: 18.8%FY 2019: -36.3%FY 2020: 8.4%FY 2021: 57.2%FY 2022: 35.3%FY 2023: -113.9%FY 2024: -31.3%FY 2025: 7.8%
FY 2017 5y median 7.8% FY 2025
Operating Margin -21.2%
FY 2017: 27.4%FY 2018: 4.9%FY 2019: -74.0%FY 2020: -53.6%FY 2021: 36.6%FY 2022: 7.8%FY 2023: -194.3%FY 2024: -84.3%FY 2025: -21.2%
FY 2017 5y median -21.2% FY 2025
Net Margin -39.7%
FY 2017: 28.7%FY 2018: 4.5%FY 2019: -72.7%FY 2020: -45.4%FY 2021: 40.0%FY 2022: 10.7%FY 2023: -195.8%FY 2024: -92.7%FY 2025: -39.7%
FY 2017 5y median -39.7% FY 2025
ROE -48.1%
FY 2017: 43.3%FY 2018: 50.8%FY 2019: -150.9%FY 2020: -47.0%FY 2021: 56.8%FY 2022: 11.5%FY 2023: -118.9%FY 2024: -93.8%FY 2025: -48.1%
FY 2017 5y median -48.1% FY 2025
ROIC -22.4%
FY 2017: 39.5%FY 2018: 6.1%FY 2019: -145.1%FY 2020: -48.9%FY 2021: 49.2%FY 2022: 6.5%FY 2023: -101.7%FY 2024: -61.3%FY 2025: -22.4%
FY 2017 5y median -22.4% FY 2025
ROA -34.9%
FY 2017: 31.2%FY 2018: 8.7%FY 2019: -104.3%FY 2020: -19.6%FY 2021: 34.9%FY 2022: 10.2%FY 2023: -84.0%FY 2024: -53.9%FY 2025: -34.9%
FY 2017 5y median -34.9% FY 2025

Growth (YoY)

Revenue 96.7%
FY 2017: 0.0%FY 2018: 106.8%FY 2019: -47.4%FY 2020: -68.5%FY 2021: 996.9%FY 2022: -9.1%FY 2023: -95.3%FY 2024: 27.4%FY 2025: 96.7%
FY 2017 FY 2025
Operating Income 50.6%
FY 2017: 0.0%FY 2018: -62.9%FY 2019: -891.8%FY 2020: 77.2%FY 2021: 848.9%FY 2022: -80.6%FY 2023: -218.0%FY 2024: 44.7%FY 2025: 50.6%
FY 2017 FY 2025
EPS (diluted) 51.1%
FY 2017: 0.0%FY 2018: -67.4%FY 2019: -874.2%FY 2020: 81.9%FY 2021: 975.6%FY 2022: -75.0%FY 2023: -184.2%FY 2024: 61.7%FY 2025: 51.1%
FY 2017 FY 2025
Free Cash Flow 100.0%
FY 2017: 0.0%FY 2018: -147.9%FY 2019: -666.0%FY 2020: 214.7%FY 2021: 277.6%FY 2022: -1100.1%FY 2023: 99.0%FY 2024: -72.2%FY 2025: 100.0%
FY 2017 FY 2025

Financial Health

Current Ratio 3.3×
FY 2017: 3.4×FY 2018: 1.2×FY 2019: 3.3×FY 2020: 1.7×FY 2021: 2.5×FY 2022: 7.4×FY 2023: 2.7×FY 2024: 1.9×FY 2025: 3.3×
FY 2017 5y median 2.7× FY 2025
Quick Ratio 1.9×
FY 2017: 2.6×FY 2018: 0.7×FY 2019: 2.6×FY 2020: 1.3×FY 2021: 2.1×FY 2022: 4.6×FY 2023: 1.6×FY 2024: 1.3×FY 2025: 1.9×
FY 2017 5y median 1.9× FY 2025
Debt / Equity 0.1×
FY 2017: 0.0×FY 2018: 4.4×FY 2019: 19.6×FY 2020: 0.1×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: 0.4×FY 2025: 0.1×
FY 2017 5y median 0.0× FY 2025
Net Debt / EBITDA 0.5×
FY 2017: -0.4×FY 2018: 3.0×FY 2019: -92.1×FY 2020: 0.0×FY 2021: -1.5×FY 2022: -1.1×FY 2023: 0.3×FY 2024: 0.0×FY 2025: 0.5×
FY 2017 5y median 0.0× FY 2025
Interest Coverage -56.9×
FY 2017: 0.0×FY 2018: 17.2×FY 2019: -368×FY 2020: -70.8×FY 2021: 0.0×FY 2022: 0.0×FY 2023: 0.0×FY 2024: -436×FY 2025: -56.9×
FY 2017 5y median 0.0× FY 2025

Dividends

Dividend Yield 0.0%
FY 2017: 0.0%FY 2018: 8.5%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 7.4%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2017 5y median 0.0% FY 2025
Payout Ratio 0.0%
FY 2017: 0.0%FY 2018: 565.3%FY 2019: 0.0%FY 2020: 0.0%FY 2021: 21.1%FY 2022: 0.0%FY 2023: 0.0%FY 2024: 0.0%FY 2025: 0.0%
FY 2017 5y median 0.0% FY 2025

Annual · latest fiscal year ends 2025-12-31