Canaan (CAN) Gross Profit (2018 - 2026)

Canaan (CAN) has reported Gross Profit for 9 consecutive years, with -$22.9 million the latest figure, recorded in Q1 2026.

• In Q1 2026, Gross Profit fell 3645.82% year-over-year to -$22.9 million; the TTM figure through Mar 2026 stood at $17.6 million (up 137.99% YoY), while the FY2025 annual figure was $41.2 million, up 148.81% from the prior year.
• Gross Profit slipped to -$22.9 million in Q1 2026 per CAN's latest filing, from $14.6 million in the prior quarter.
• Across five years, Gross Profit topped out at $138.3 million in Q2 2022 and bottomed at -$70.1 million in Q2 2023.
• Historically, Gross Profit has averaged -$4.5 million across 5 years, with a median of -$19.1 million in 2024.
• Annual changes were most pronounced in 2025 — Gross Profit surged 329.58% — and 2026, when it slumped 3645.82%.
• Canaan's Gross Profit stood at -$64.1 million in 2022, then advanced by 15.7% to -$54.1 million in 2023, then surged by 88.25% to -$6.4 million in 2024, then soared by 329.58% to $14.6 million in 2025, then tumbled by 257.07% to -$22.9 million in 2026.
• Business Quant data shows CAN's Gross Profit at -$22.9 million in Q1 2026, $14.6 million in Q4 2025, and $16.6 million in Q3 2025.