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
DateValue
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