CAN
Canaan·NASDAQ
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CAN fundamentals
Canaan (CAN) released its earnings on Nov 18, 2025: revenue was 150.48M (YoY +104.46%), beat estimates; EPS was -0.36 (YoY +80.22%), missed estimates.
Revenue / YoY
150.48M
+104.46%
EPS / YoY
-0.36
+80.22%
Report date
Nov 18, 2025
CAN Earnings Call Summary for Q3,2025
- Revenue Surge: Q3 revenue of $150.5M (+50.2% QoQ, +104.4% YoY) driven by North American recovery and record product sales.
- Profitability Boost: 17% product gross margin, with home series generating 33% margin and 10.3% of total revenue.
- Strategic Orders: 50,000-unit A15 Pro order underscores institutional demand resilience despite U.S. tariffs.
- Innovation Momentum: A16 series launched with 300 terahash/sec performance, targeting Q1 2026 shipments. Energy infrastructure pilots (stranded gas, wind power) expand into new markets.
- Q4 Guidance: $175-205M revenue outlook, focused on large order fulfillment and A16 preorder conversion.
- Funding Strength: $72M strategic investment and $7.8M ATM proceeds support North American expansion and production scale-up.
- Digital Assets: 1,582 BTC holding provides $189M asset value, with $87M unrealized gains.
EPS
Revenue
Revenue & Expenses
CAN has released its 2025 Q3 earnings report, with revenue of 150.48M, reflecting a YoY change of 104.43%, and net profit of -27.74M, showing a YoY change of 63.29%. 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.
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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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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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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Where does Canaan (CAN) generate its revenue? Explore its key revenue streams and top earning regions.
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Track Canaan (CAN) Dividend Yield, Payout Ratio & Sustainability Through Its Dividend History
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You can ask Aime
What were the key takeaways from Canaan’s earnings call?What were the key takeaways from Canaan's earnings call?What does Canaan do and what are its main business segments?Did Canaan beat or miss consensus estimates last quarter?What factors drove the changes in Canaan's revenue and profit?What guidance did Canaan's management provide for the next earnings period?What is the revenue and EPS growth rate for Canaan year over year?What is the market's earnings forecast for Canaan next quarter?
