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Stock Canaan Inc. CAN

Canaan Inc. — Investlytic score 1/5 on the five criteria.

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20/ 100
Score Investlytic · 5 criteria

Analysis in progress…

Investlytic score: 1/5 criteria met. Data as of 01/11/2026.

  • ❌ Price trend failed
  • ❌ Growth failed
  • ✅ Debt passed
  • ❌ P/E failed
  • ❌ Correction failed

Price trend

Overall trend (8 years): insufficient progression (less than x1.5).

Price change 2019 → 2020: -2.79%

Price change 2020 → 2021: -13.15%

Price change 2021 → 2022: -60.00%

Price change 2022 → 2023: 12.14%

Price change 2023 → 2024: -11.26%

Price change 2024 → 2025: -66.34%

Price change 2025 → 2026: -70.94%

Price change 2026 (year to date): -73.96%

Financial growth

Revenue CAGR (8 years): -20.78%

Earnings CAGR (8 years): N/A

Growth status: insufficient data or negative trend.

Debt

Debt-to-equity ratio: 0.13

Debt/equity < 0.5 (maximum threshold).

P/E (Price/Earnings)

P/E ratio: -0.47

P/E > 25.0 (maximum threshold).

Correction (6 months)

Current correction: 63.81% from the high over 6 months.

Excessive correction (> 20.0%).

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Criteria of the Investlytic model

- / 5
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Score out of 100, model verdict (buy, watch, sell) and details of the 5 criteria · visible with a free account.

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Price trend

Price & trend

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⚖️ Comparison with the market

All stocks →
StockP/EDette/FPRevenue growthRating
Canaan Inc.–0.13+13.2 %🔒
Kalray S.A.–0.22+32.2 %–
HFR, Inc.–0.51+7.7 %–
Ekinops S.a.–0.35+18.2 %–
Guillemot Corporation S.A.–0.04+5.1 %–

Data from the Investlytic screener. The rating of the stock being viewed is reserved for members.

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Detailed analysis · Price trend

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Global model trend and annual price variations · visible with a free account.

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Revenues & profits

Revenue and net income

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Chart of revenues and net income over 8 periods · real data, no estimates.

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Financial indicators

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18 financial indicators analyzed by groups of criteria: valuation, profitability, growth, solidity, dividend, and momentum.

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Annual financial statements

Fiscal yearRevenueNet income Net marginEPSRevenue growth
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Complete annual financial statements: revenue, net income, margin, and EPS over 8 fiscal years.

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Key reported figures

Revenue, net income and net margin reported by Canaan Inc. over the latest fiscal years.

Revenue
530 m USD
fiscal year 2025
Net income
-210 m USD
fiscal year 2025
Net margin
-39.7 %
fiscal year 2025
Average annual growth
+50.5 %
Revenue growth over 5 years
Market cap
74.3 m USD
Fiscal yearRevenueNet incomeNet marginRevenue growth
202068.6 m-33.0 m-48.0 %n/a
2021771 m308 m40.0 %+1,024.4 %
2022652 m69.9 m10.7 %-15.5 %
2023211 m-414 m-195.8 %-67.5 %
2024269 m-250 m-92.7 %+27.4 %
2025530 m-210 m-39.7 %+96.7 %

Amounts converted to USD. Source: published annual accounts, collected on 06/11/2026.

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Accounts and financial health

Balance sheet and cash flow published by Canaan Inc. over the last fiscal years, strength scores and valuation by discounted cash flow (DCF).

Overview
fragile accounts
according to Altman Z, Piotroski and net debt
Altman Z-score
-0.60
risk zone (below 1.81)
Piotroski Score
3 / 9
0 to 3: fragile accounts
Net Debt / EBITDA
0.04 x
low debt
Fiscal year202320242025
Cash and investments96.2 m96.5 m80.8 m
Total Debt1.4 m95.0 m54.9 m
Net Debt-94.7 m-1.5 m-25.9 m
Equity348 m266 m437 m
Total assets493 m463 m603 m
Operating cash flow-124 m-199 m0
Investments (capex)3.3 m19.3 m0
Free cash-flow-127 m-219 m0
Share buybacks000
Dividends paid000

Amounts in USD, currency of the published accounts.

Trailing 12-month ratios

Price / earnings (P/E)-0.41 x
Price / book value0.46 x
Return on Equity (ROE)-80.2 %
Return on Invested Capital (ROIC)-42.3 %
Net margin-67.8 %
Debt / equity0.21 x
Current ratio2.86 x
Interest coverage-57.83 x
Free cash-flow yield0.0 %

Altman Z: default risk estimated from the balance sheet and earnings. Piotroski: 9 tests on profitability, debt and efficiency. DCF: estimated value from discounted future cash flows, a model and not a forecast. Source: annual accounts published by the company, data as of 09/11/2026.

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Valuation and competitors

Canaan Inc. compared with its sector on the same exchange and with its main competitors.

Sector median P/E
38.2
technology, Nasdaq
Sector over 10 years
43.0
10-year median, range 30.8 to 59.5

Direct competitors

CompanyMarket cap (USD)P/ENet margin
Canaan Inc.80.1 mn/a-39.7 %
Bumble Inc. BMBL790 m6.5-71.8 %
Wolfspeed, Inc. WOLF1.2 bnn/a-212.4 %
BGIN BLOCKCHAIN Ltd BGIN199 mn/a-262.4 %
Backblaze, Inc. BLZE470 m36.1-17.6 %
POET Technologies Inc. POET686 mn/a-5,857.8 %
Daily Journal Corporation DJCO867 mn/a127.9 %
3D Systems Corporation DDD462 mn/a7.7 %
Sprout Social, Inc. SPT730 m14.3-9.5 %
Sector median (Nasdaq)38.2

Trailing 12-month P/E. Sector: median of companies in the same sector listed on the same exchange, collected on . Competitors: comparable companies named by the data provider.

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Analyst consensus and forecasts

What the financial analysts covering Canaan Inc. publish: ratings, price targets and earnings forecasts.

Majority rating
buy
6 analysts

Breakdown of ratings

strong buy 0buy 6hold 0sell 0strong sell 0

Price targets: published for companies listed in the United States only.

Track record against expectations: reported EPS above consensus 1 times over the last 12 releases.

Source: ratings and forecasts published by analysts, collected on 07/11/2026. An analyst rating or target is not a guarantee.

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Dividends and earnings

Canaan Inc.: dividend history, last distributions, stock splits and earnings releases.

Frequency
irregular
Last dividend
0.380 USD
ex-dividend on 15/11/2021
Years of increases
0
consecutive
Years of payments
0
uninterrupted

Latest ex-dividend dates

Ex-dividendAmountPayment
15/11/20210.380 USD02/12/2021

Earnings releases

Next release: 10/11/2026. Expected EPS: -0.06.

DatePublished EPSExpected EPSSurprise
08/09/2026-0.12-0.10n/a
19/05/2026-0.13-0.07n/a
10/02/2026-0.13-0.06n/a
18/11/2025-0.05-0.01n/a
14/08/2025-0.03-0.04n/a
20/05/2025-1.79-0.15n/a

Factual data: ex-dividend history and earnings calendar, as of 05/11/2026. A past dividend does not guarantee the next one.

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Who owns the stock

Free float, institutional investors, large funds, executives and elected officials: declared positions in Canaan Inc.

Free float
118.2 %
share of freely traded shares

Sources: 13F filings (quarter shown), executives' Form 4 filings and US Congress members' disclosures, collected on 01/11/2026. Detailed disclosure obligations mainly apply to companies listed in the United States.

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PEA and practical information

PEA eligibility
no
depositary receipt (ADR)
Listing exchange
Nasdaq
IPO: 20/11/2019
ISIN code
US1347481020
Workforce
463
full-time employees
Chief executive
Nangeng Zhang
Next earnings
10/11/2026

Rule applied: the French PEA accepts shares of companies headquartered in the European Union or the European Economic Area and subject to corporate income tax; ADRs and tax-exempt property companies (SIIC) are excluded. The institution holding the PEA confirms eligibility.

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Frequently asked questions about Canaan Inc.

What is the Canaan Inc. share price?

Latest recorded price: 0.186 USD on 06/11/2026, for a market cap of 74.3 m USD.

What is the revenue of Canaan Inc.?

530 m USD for fiscal year 2025, with net income of -210 m USD (net margin -39.7 %).

Does Canaan Inc. pay a dividend?

Yes. Latest dividend: 0.380 USD per share, ex-dividend on 15/11/2021. Over 12 months: 0.0000 USD.

When does Canaan Inc. report its next earnings?

The next release is expected on 10/11/2026. EPS expected by analysts: -0.06.

What do analysts say about Canaan Inc.?

Out of 6 analysts: 6 buy or strong buy, 0 hold, 0 sell or strong sell.

Is Canaan Inc. stock eligible for the French PEA?

No: this listing is a depositary receipt (ADR), excluded from the PEA.

How many employees does Canaan Inc. have?

463 full-time employees according to the latest published profile.

Who runs Canaan Inc.?

Nangeng Zhang is the company's chief executive.

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