Canaan (CAN) Research & Development (2018 - 2026)
Canaan (CAN) reported 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 9 years of Research & Development data on file, last reported at -$15.4 million in Q1 2026.
- Research & Development for Q1 2026 came in at -$15.4 million, up 18.77% year-over-year; the trailing twelve-month figure through Mar 2026 was -$59.6 million (up 8.22% YoY), and the FY2025 annual result was $63.1 million, up 2.97% from the prior year.
- Research & Development slipped to -$15.4 million in Q1 2026 per CAN's latest filing, from -$11.5 million in the prior quarter.
- Over five years, Research & Development peaked at -$10.8 million in Q4 2023 and troughed at -$33.4 million in Q4 2022.
- A 5-year average of -$16.9 million and a median of -$16.3 million in 2025 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2023: Research & Development slumped 89.81% in 2022, then jumped 67.7% in 2023.
- A 5-year view of Research & Development shows it stood at -$33.4 million in 2022, then jumped by 67.7% to -$10.8 million in 2023, then sank by 53.76% to -$16.6 million in 2024, then soared by 30.87% to -$11.5 million in 2025, then slumped 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 | 266.21 Bn | 254.69 Bn | 6.73 Bn | 797.00 Mn |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 337.00 Mn |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 343.70 Mn |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 194.00 Mn |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 294.00 Mn |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 215.66 Mn |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 243.16 Mn |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 432.00 Mn |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | 125.74 Mn |
| 10 | Canaan | 2.72 Bn | 2.64 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 |