Canaan (CAN) Profit After Tax (2018 - 2026)
Canaan (CAN) posted quarterly Profit After Tax of -$88.7 million for Q1 2026, down 2.68% year-over-year from -$91.2 million in Q1 2025, and down 4.37% quarter-over-quarter from -$85.0 million in Q4 2025.
Canaan (CAN) Profit After Tax (2018 - 2026) Analysis & Trends
Canaan (CAN) has reported Profit After Tax for 9 consecutive years, with -$88.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Profit After Tax fell 2.68% year-over-year to -$88.7 million; the TTM figure through Mar 2026 stood at -$212.6 million (up 28.37% YoY), while the FY2025 annual figure was -$209.5 million, up 20.46% from the prior year.
- Profit After Tax eased to -$88.7 million in Q1 2026 per CAN's latest filing, from -$85.0 million in the prior quarter.
- Across five years, Profit After Tax topped out at $90.1 million in Q2 2022 and bottomed at -$139.0 million in Q4 2023.
- Historically, Profit After Tax has averaged -$52.5 million across 5 years, with a median of -$80.1 million in 2023.
- Annual changes were most pronounced in 2022 — Profit After Tax surged 35277.17% — and 2023, when it plunged 1370.07%.
- Canaan's Profit After Tax stood at -$91.6 million in 2022, then sank by 51.75% to -$139.0 million in 2023, then soared by 33.17% to -$92.9 million in 2024, then rose by 8.47% to -$85.0 million in 2025, then retreated by 4.37% to -$88.7 million in 2026.
- Business Quant data shows CAN's Profit After Tax at -$88.7 million in Q1 2026, -$85.0 million in Q4 2025, and -$27.7 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | PAT (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 280.00 Bn | 268.42 Bn | 7.78 Bn | 3.44 Bn |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 1.21 Bn |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 6.90 Bn |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 1.30 Bn |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 3.21 Bn |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 24.08 Mn |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 450.00 Mn |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 483.39 Mn |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 235.70 Mn |
| 10 | Canaan | 245.80 Mn | 245.80 Mn | -22.91 Mn | -88.75 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -88.75 Mn |
| Dec 31, 2025 | -85.04 Mn |
| Sep 30, 2025 | -27.74 Mn |
| Jun 30, 2025 | -11.06 Mn |
| Mar 31, 2025 | -86.43 Mn |
| Dec 31, 2024 | -92.90 Mn |
| Sep 30, 2024 | -75.58 Mn |
| Jun 30, 2024 | -41.88 Mn |
| Mar 31, 2024 | -39.39 Mn |
| Dec 31, 2023 | -139.02 Mn |
| Sep 30, 2023 | -80.10 Mn |
| Jun 30, 2023 | -110.67 Mn |
| Mar 31, 2023 | -84.37 Mn |
| Dec 31, 2022 | -91.61 Mn |
| Sep 30, 2022 | 6.31 Mn |
| Jun 30, 2022 | 90.09 Mn |
| Mar 31, 2022 | 65.09 Mn |
| Dec 31, 2021 | 187.76 Mn |
| Sep 30, 2021 | 72.51 Mn |
| Jun 30, 2021 | 37.94 Mn |