CAN on Nasdaq

Canaan Creative

Singapore-based computer manufacturer

Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.3 From Wikipedia, CC BY-SA 4.0

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Last updated Oct 16, 2026.

Overview

$529.7MRevenue, fiscal 20254
-$210.3MNet income, fiscal 20254
2013Founded1

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  • TickerCAN on Nasdaq1
  • Industrycomputer hardware industry, consumer electronics industry1
  • HeadquartersSingapore1
  • Websitecanaan.io
  • Incorporated inCayman Islands5
  • Business address28 Ayer Rajah Crescent, #06-08, Singapore, U0 1399595
  • Filer categoryAccelerated filer5

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Canaan Inc., doing business as Canaan Creative and known simply as Canaan, is a Singapore-based computer hardware manufacturer. Established in 2013 by N.G. Zhang, Canaan specializes in Blockchain servers and ASIC microprocessors for use in bitcoin mining.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

7.8%Gross margin4
-21.2%Operating margin4
-39.7%Net margin4
96.7%Revenue growth, 20254
-48.1%Return on equity4
0.05×Debt to equity4
-$295.8MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue88¢$488.6M
  • Research and development11¢$63.1M
  • Income tax1¢$2.8M

Out of $529.7M in revenue.4 The company lost money this year.

Financial statements

Revenue789104$529.7M in 2025+159% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $204.3M$204.3M20192020: $68.6M$68.6M2020−66%2021: $772.8M$772.8M2021+1026%2022: $651.5M$651.5M2022−16%2023: $211.5M$211.5M2023−68%2024: $269.3M$269.3M2024+27%2025: $529.7M$529.7M2025+97%
Gross profit789104$41.2M in 2025
-$400.0M-$200.0M0$200.0M$400.0M$600.0M2019: -$74.1M-$74.1M20192020: $5.8M$5.8M20202021: $441.8M$441.8M2021+7531%2022: $230.3M$230.3M2022−48%2023: -$240.8M-$240.8M20232024: -$84.3M-$84.3M2024−65%2025: $41.2M$41.2M2025
Operating income89104-$112.2M in 2025+188% since 2020
-$600.0M-$400.0M-$200.0M0$200.0M$400.0M2020: -$38.9M-$38.9M20202021: $283.0M$283.0M20212022: $42.9M$42.9M2022−85%2023: -$410.9M-$410.9M20232024: -$227.1M-$227.1M2024−45%2025: -$112.2M-$112.2M2025−51%
Net income789104-$210.3M in 2025+42% since 2019
-$600.0M-$400.0M-$200.0M0$200.0M$400.0M2019: -$148.6M-$148.6M20192020: -$33.0M-$33.0M2020−78%2021: $309.1M$309.1M20212022: $69.9M$69.9M2022−77%2023: -$414.2M-$414.2M20232024: -$249.8M-$249.8M2024−40%2025: -$210.3M-$210.3M2025−16%
Fiscal year20182019202020212022202320242025
Revenue$204.3M7$68.6M8$772.8M9$651.5M10$211.5M4$269.3M4$529.7M4
Cost of revenue$278.5M7$62.8M8$331.0M9$421.2M10$452.3M4$353.6M4$488.6M4
Gross profit-$74.1M7$5.8M8$441.8M9$230.3M10-$240.8M4-$84.3M4$41.2M4
Research and development$24.3M7$21.5M8$52.2M9$81.8M10$64.8M4$61.3M4$63.1M4
Operating income-$38.9M8$283.0M9$42.9M10-$410.9M4-$227.1M4-$112.2M4
Interest$2.9M7$550.0K8
Income tax$08$7.8M9$18.4M10-$51.3M4$77.5M4$2.8M4
Net income-$148.6M7-$33.0M8$309.1M9$69.9M10-$414.2M4-$249.8M4-$210.3M4
Earnings per share-$6.907-$1.418$12.269$2.7310-$16.064-$6.134-$2.994
Earnings per share (diluted)-$6.907-$1.418$12.009$2.7110-$16.064-$6.134-$2.994

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The story

In 2013, while still studying for a doctor's degree, N.G. Zhang established Canaan Creative in China, where he was chairman and CEO.

In 2016, Canaan attempted a reverse takeover for $466 Millions USD by Shandong Luyitong, a public company listed on the Shenzhen Stock Exchange.

In January 2019, reports surfaced that Canaan was considering an IPO in the United States. Canaan raised $90 million in their November 2019 IPO on the Nasdaq Global Market.

In 2022, Canaan's headquarters in Singapore were established.

From Wikipedia’s article on Canaan Creative, shared under CC BY-SA 4.0.6

Products and brands

  • computer hardware
  • networking hardware

Listed on Wikidata.1

Timeline

  1. 2019Went public Listed on NASDAQ1
  2. 2013Founded Founded1

Recent filings

  1. Sep 14, 20266-K
  2. Sep 11, 20266-K
  3. Sep 8, 20266-K
  4. Aug 17, 20266-K
  5. Aug 13, 2026SCHEDULE 13G/A
  6. Aug 11, 2026SCHEDULE 13G/A
  7. Aug 4, 20266-K
  8. Jul 15, 20266-K
  9. Jul 14, 20266-K
  10. Jul 6, 20266-K
  11. Jun 24, 20266-K
  12. Jun 22, 20264
  13. Jun 17, 20264
  14. Jun 17, 20264
  15. Jun 17, 2026EFFECT

Every filing from the last three years, summarized. The full record is on SEC EDGAR.2

Sources

The numbers on this page point here. Each one links to the record it came from.

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