Canaan (CAN) Operating Expenses (2018 - 2026)
Canaan (CAN) reported Operating Expenses of -$31.4 million for Q1 2026, up 17.94% year-over-year from -$26.6 million in Q1 2025, and up 17.79% quarter-over-quarter from -$38.2 million in Q4 2025.
Canaan (CAN) Operating Expenses (2018 - 2026) Analysis & Trends
Canaan (CAN) has 9 years of Operating Expenses data on file, last reported at -$31.4 million in Q1 2026.
- Operating Expenses for Q1 2026 came in at -$31.4 million, up 17.94% year-over-year; the trailing twelve-month figure through Mar 2026 was -$146.5 million (up 2.56% YoY), and the FY2025 annual result was $153.4 million, up 7.41% from the prior year.
- Operating Expenses improved to -$31.4 million in Q1 2026 per CAN's latest filing, from -$38.2 million in the prior quarter.
- Over five years, Operating Expenses peaked at -$27.5 million in Q2 2024 and troughed at -$60.8 million in Q4 2022.
- A 5-year average of -$40.3 million and a median of -$38.3 million in 2025 frame the typical range for Operating Expenses.
- The sharpest annual moves came in 2022 and 2024: Operating Expenses tumbled 41.6% in 2022, then jumped 43.97% in 2024.
- A 5-year view of Operating Expenses shows it 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 advanced by 17.79% to -$31.4 million in 2026.
- Business Quant data shows CAN's Operating Expenses at -$31.4 million in Q1 2026, -$38.2 million in Q4 2025, and -$40.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 3.64 Bn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 551.00 Mn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 519.00 Mn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 2.11 Bn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 486.00 Mn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 392.81 Mn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 652.89 Mn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 2.40 Bn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 336.18 Mn |
| 10 | Canaan | 2.72 Bn | 2.64 Bn | -22.91 Mn | -31.41 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | -40.52 Mn |