Canaan (CAN) Net Income (2018 - 2026)
Canaan (CAN) posted quarterly Net Income of -$88.6 million for Q1 2026, down 4.2% YoY from -$92.5 million in Q1 2025, and down 6.19% sequentially from -$83.4 million in Q4 2025.
Canaan (CAN) Net Income (2018 - 2026) Analysis & Trends
Canaan has disclosed Net Income across 9 years of filings, most recently posting -$88.6 million for Q1 2026.
- In Q1 2026, Net Income fell 4.2% year-over-year to -$88.6 million; the TTM figure through Mar 2026 stood at -$208.3 million (down 46.66% YoY), while the FY2025 annual figure was -$210.3 million, up 15.81% from the prior year.
- Net Income retreated to -$88.6 million in Q1 2026, from -$83.4 million in the prior quarter.
- Over the last five years, Net Income for CAN reached as high as $143.2 million in Q2 2022 and fell as low as -$185.2 million in Q4 2023.
- The 5-year median for Net Income is -$83.4 million (2025), against an average of -$45.8 million.
- Annual changes were most pronounced in 2022 — Net Income jumped 60343.69% — and 2023, when it sank 2709.43%.
- A 5-year view of Net Income shows it stood at -$135.7 million in 2022, then tumbled by 36.53% to -$185.2 million in 2023, then surged by 141.95% to $77.7 million in 2024, then tumbled by 207.37% to -$83.4 million in 2025, then declined by 6.19% to -$88.6 million in 2026.
- According to Business Quant data, Net Income over the past three periods registered -$88.6 million, -$83.4 million, and -$26.8 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 3.62 Bn |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 3.44 Bn |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 1.02 Bn |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | - |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 748.00 Mn |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 24.08 Mn |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 450.00 Mn |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | 484.07 Mn |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 143.46 Mn |
| 10 | Canaan | 3.01 Bn | 3.01 Bn | -22.91 Mn | -88.59 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -88.59 Mn |
| Dec 31, 2025 | -83.43 Mn |
| Sep 30, 2025 | -26.75 Mn |
| Jun 30, 2025 | -9.51 Mn |
| Mar 31, 2025 | -85.02 Mn |
| Dec 31, 2024 | 77.70 Mn |
| Sep 30, 2024 | -89.00 Mn |
| Jun 30, 2024 | -45.70 Mn |
| Mar 31, 2024 | -37.79 Mn |
| Dec 31, 2023 | -185.22 Mn |
| Sep 30, 2023 | -120.99 Mn |
| Jun 30, 2023 | -121.58 Mn |
| Mar 31, 2023 | -89.05 Mn |
| Dec 31, 2022 | -135.66 Mn |
| Sep 30, 2022 | 4.64 Mn |
| Jun 30, 2022 | 143.20 Mn |
| Mar 31, 2022 | 113.95 Mn |
| Dec 31, 2021 | 203.38 Mn |
| Sep 30, 2021 | 72.52 Mn |
| Jun 30, 2021 | 38.01 Mn |