Symbols

CAN

Canaan·NASDAQ

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CAN fundamentals

CAN Q4 2025 Earnings

Canaan (CAN) released its earnings on Feb 10, 2026: revenue was 196.27M (YoY +121.11%), beat estimates; EPS was -0.0119 (YoY +96.39%), missed estimates.

Revenue / YoY

196.27M

+121.11%

EPS / YoY

-0.0119

+96.39%

Report date

Feb 10, 2026

CAN Earnings Call Summary for Q4,2025

Q4 Revenue Record: $196 million (+30.4% QoQ), driven by 50,000+ A15 Pro orders and 14.6 EH/s sold, highest in 13 quarters.
Strategic North America Focus: 75% of product revenue from U.S. miners, underscoring institutional trust.
A16 Efficiency Breakthrough: 12.8 J/TH, enabling $30k BTC shutdown price vs. $37k for A15 Pro.
Cautious Q1 Outlook: $60-70 million revenue amid Bitcoin volatility, with $81 million cash balance.
2026 Growth Drivers: U.S. power infrastructure (gigawatt-scale), AI/HPC colocation, and consumer product expansion.

Earnings

EPS

Revenue

Revenue & Expenses

CAN has released its 2025 Q4 earnings report, with revenue of 196.27M, reflecting a YoY change of 121.11%, and net profit of -85.03M, showing a YoY change of 8.47%. The Sankey diagram below clearly presents CAN's revenue sources and cost distribution.

Key Indicators

Canaan (CAN) key financial stats and ratios, covering profitability, financial health, and leverage.

Income Statement

Canaan (CAN)'s revenue and profit trends over recent years, visualized with a waterfall chart to showcase the revenue-to-profit funnel.

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Breakdown

Balance Sheet

Canaan (CAN)'s asset and liability trends over recent years, visualized with a waterfall chart to illustrate changes in its asset-liability structure.

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Breakdown

Cash Flow

Canaan (CAN)'s cash flow trends over recent years, visualized with a waterfall chart to illustrate changes in its operating, investing, and financing cash flows.

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Breakdown