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Canaan Inc. CAN

Nasdaq · stock · Finance Services · website · IPO 2019-11-21 · LEI

Canaan Inc. statistics & valuation

Market cap$214.7M
P / S0.4×
P / B0.5×
Net margin-39.7%
Return on equity-48.1%
FCF margin-55.8%
Net cash$57.0M
Enterprise value USD$157.7M
Earnings yield EBIT/EV-71.2%
Return on capital-23.8%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
4.50% -72.70% -48.00% 40.00% 10.70% -195.80% -92.70% -39.70% 20182019202020212022202320242025
Gross margin (%)
18.80% -36.30% 8.40% 57.20% 35.30% -113.90% -31.30% 7.80% 20182019202020212022202320242025
Operating margin (%)
4.90% -516.10% -56.70% 36.60% 6.60% -194.30% -84.30% -21.20% 20182019202020212022202320242025
Return on equity (%)
50.80% -149.30% -49.70% 57.00% 11.50% -118.90% -93.80% -48.10% 20182019202020212022202320242025
Shares outstanding
1.98B 2.35B 2.35B 2.58B 2.58B 3.51B 4.61B 7.04B 20182019202020212022202320242025
Net debt ($)
-$89.2M -$57.0M 20182019202020212022202320242025
Share buybacks ($)
20182019202020212022202320242025
Return on assets (%)
8.70% -104.30% -20.80% 35.00% 10.20% -84.00% -53.90% -34.90% 20182019202020212022202320242025
Free cash flow margin (%)
-1.40% -20.30% 9.00% 25.40% -30.80% -60.00% -81.20% -55.80% 20182019202020212022202320242025
Debt / equity (×)
0.03× 0.05× 20182019202020212022202320242025
EPS ($)
$6.19 -$6.90 -$1.41 $12.00 $2.71 -$16.06 -$6.13 -$2.99 20182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Gross margin7.8%-31.3%-113.9%35.3%57.2%8.4%-36.3%18.8%
Operating margin-21.2%-84.3%-194.3%6.6%36.6%-56.7%-516.1%4.9%
Net margin-39.7%-92.7%-195.8%10.7%40.0%-48.0%-72.7%4.5%
FCF margin-55.8%-81.2%-60.0%-30.8%25.4%9.0%-20.3%-1.4%
Return on assets-34.9%-53.9%-84.0%10.2%35.0%-20.8%-104.3%8.7%
Return on equity-48.1%-93.8%-118.9%11.5%57.0%-49.7%-149.3%50.8%
Debt / equity0.05×0.03×——————
Current ratio3.311.872.697.382.531.703.301.18

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.