Canaan (CAN) Operating Expenses (2018 - 2026)
Canaan (CAN) posted Operating Expenses of -$40.1 million for Q2 2026, down 27.75% quarter-over-quarter from -$31.4 million in Q1 2026, and down 10.3% YoY from -$44.7 million in Q2 2025.
Analysis
Canaan (CAN) Operating Expenses (2018 - 2026) Analysis & Trends
Canaan (CAN) has 9 years of Operating Expenses data on file, last reported at -$40.1 million in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses fell 10.3% year-over-year to -$40.1 million; the trailing twelve-month figure through Jun 2026 stood at -$150.3 million (up 5.65% YoY), and the FY2025 full-year result was -$153.4 million, down 7.41% from the prior year.
- Operating Expenses was -$40.1 million for Q2 2026 at Canaan, down from -$31.4 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of -$27.5 million in Q2 2024 to a low of -$60.8 million in Q4 2022.
- A 5-year average of -$40.3 million and a median of -$38.7 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses slumped 41.6% in 2022 and jumped 43.97% in 2024, its largest moves.
- Canaan's Operating Expenses stood at -$60.8 million in 2022, then soared by 35.55% to -$39.2 million in 2023, then retreated by 25.74% to -$49.3 million in 2024, then gained by 22.49% to -$38.2 million in 2025, then slipped by 5.03% to -$40.1 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were -$40.1 million in Q2 2026, -$31.4 million in Q1 2026, and -$38.2 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Nvidia | 5,133.09 Bn | 5,067.87 Bn | 72.14 Bn | 8.41 Bn |
| 2 | Broadcom | 1,617.10 Bn | 1,593.13 Bn | 20.46 Bn | 4.50 Bn |
| 3 | Advanced Micro Devices | 823.64 Bn | 810.53 Bn | 6.20 Bn | 4.21 Bn |
| 4 | Arm Holdings | 255.67 Bn | 251.79 Bn | 1.25 Bn | -1.16 Bn |
| 5 | Marvell Technology | 198.91 Bn | 194.98 Bn | 1.46 Bn | 995.90 Mn |
| 6 | Qualcomm | 198.67 Bn | 190.37 Bn | 5.28 Bn | 8.32 Bn |
| 7 | Monolithic Power Systems | 56.10 Bn | 54.68 Bn | 541.07 Mn | 237.18 Mn |
| 8 | Astera Labs | 43.53 Bn | 42.28 Bn | 287.57 Mn | 198.32 Mn |
| 9 | Credo Technology Group Holding | 28.01 Bn | 27.24 Bn | 309.08 Mn | 188.38 Mn |
| 10 | Canaan | 143.86 Mn | 77.86 Mn | -29.33 Mn | -40.12 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -40.12 Mn |
| Mar 31, 2026 | -31.41 Mn |
| Dec 31, 2025 | -38.20 Mn |
| Sep 30, 2025 | -40.53 Mn |
| Jun 30, 2025 | -36.38 Mn |
| Mar 31, 2025 | -38.28 Mn |
| Dec 31, 2024 | -49.29 Mn |
| Sep 30, 2024 | -35.33 Mn |
| Jun 30, 2024 | -27.47 Mn |
| Mar 31, 2024 | -30.72 Mn |
| Dec 31, 2023 | -39.20 Mn |
| Sep 30, 2023 | -43.76 Mn |
| Jun 30, 2023 | -49.03 Mn |
| Mar 31, 2023 | -38.12 Mn |
| Dec 31, 2022 | -60.82 Mn |
| Sep 30, 2022 | -43.15 Mn |
| Jun 30, 2022 | -45.35 Mn |
| Mar 31, 2022 | -38.03 Mn |
| Dec 31, 2021 | -42.95 Mn |
| Sep 30, 2021 | -43.21 Mn |