Canaan (CAN) Research & Development (2018 - 2026)
Canaan (CAN) posted quarterly Research & Development of -$15.4 million for Q1 2026, up 18.77% year-over-year from -$13.0 million in Q1 2025, and down 34.34% quarter-over-quarter from -$11.5 million in Q4 2025.
Canaan (CAN) Research & Development (2018 - 2026) Analysis & Trends
Canaan (CAN) has reported Research & Development for 9 consecutive years, with -$15.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development rose 18.77% year-over-year to -$15.4 million; the TTM figure through Mar 2026 stood at -$59.6 million (up 8.22% YoY), while the FY2025 annual figure was $13.6 million, up 138.0% from the prior year.
- Research & Development fell to -$15.4 million in Q1 2026 per CAN's latest filing, from -$11.5 million in the prior quarter.
- Across five years, Research & Development topped out at -$10.8 million in Q4 2023 and bottomed at -$33.4 million in Q4 2022.
- Historically, Research & Development has averaged -$16.9 million across 5 years, with a median of -$16.3 million in 2025.
- Annual changes were most pronounced in 2022 — Research & Development slumped 89.81% — and 2023, when it jumped 67.7%.
- Canaan's Research & Development stood at -$33.4 million in 2022, then surged by 67.7% to -$10.8 million in 2023, then slumped by 53.76% to -$16.6 million in 2024, then jumped by 30.87% to -$11.5 million in 2025, then tumbled by 34.34% to -$15.4 million in 2026.
- Business Quant data shows CAN's Research & Development at -$15.4 million in Q1 2026, -$11.5 million in Q4 2025, and -$16.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 983.00 Mn |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 343.70 Mn |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 337.00 Mn |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 194.00 Mn |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | 294.00 Mn |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 347.86 Mn |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 432.00 Mn |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 89.51 Mn |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 219.75 Mn |
| 10 | Canaan | 1.81 Bn | 1.81 Bn | -22.91 Mn | -15.39 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -15.39 Mn |
| Dec 31, 2025 | -11.46 Mn |
| Sep 30, 2025 | -16.34 Mn |
| Jun 30, 2025 | -16.41 Mn |
| Mar 31, 2025 | -18.95 Mn |
| Dec 31, 2024 | -16.57 Mn |
| Sep 30, 2024 | -14.76 Mn |
| Jun 30, 2024 | -14.65 Mn |
| Mar 31, 2024 | -15.34 Mn |
| Dec 31, 2023 | -10.78 Mn |
| Sep 30, 2023 | -17.15 Mn |
| Jun 30, 2023 | -17.86 Mn |
| Mar 31, 2023 | -19.06 Mn |
| Dec 31, 2022 | -33.36 Mn |
| Sep 30, 2022 | -17.64 Mn |
| Jun 30, 2022 | -15.58 Mn |
| Mar 31, 2022 | -15.17 Mn |
| Dec 31, 2021 | -17.58 Mn |
| Sep 30, 2021 | -14.40 Mn |
| Jun 30, 2021 | -9.91 Mn |