Canaan (CAN) Tax Provisions (2018 - 2026)
Canaan (CAN) posted quarterly Tax Provisions of -$190000.0 for Q1 2026, up 73.05% year-over-year from -$109795.1 in Q1 2025, and up 76.4% quarter-over-quarter from -$805000.0 in Q4 2025.
Canaan (CAN) Tax Provisions (2018 - 2026) Analysis & Trends
Canaan (CAN) has reported Tax Provisions for 8 consecutive years, with -$190000.0 the latest figure, recorded in Q1 2026.
- In Q1 2026, Tax Provisions rose 73.05% year-over-year to -$190000.0; the TTM figure through Mar 2026 stood at -$2.3 million (up 97.08% YoY), while the FY2025 annual figure was $2.8 million, down 75.49% from the prior year.
- Tax Provisions climbed to -$190000.0 in Q1 2026 per CAN's latest filing, from -$805000.0 in the prior quarter.
- Across five years, Tax Provisions topped out at $26.4 million in Q4 2022 and bottomed at -$85.3 million in Q4 2024.
- Historically, Tax Provisions has averaged -$4.3 million across 5 years, with a median of -$342500.0 in 2025.
- On a YoY basis, Tax Provisions climbed as much as 104955.27% in 2022 and fell as far as 2094800.0% in 2022.
- Canaan's Tax Provisions stood at $26.4 million in 2022, then declined by 12.43% to $23.1 million in 2023, then plunged by 469.27% to -$85.3 million in 2024, then jumped by 99.06% to -$805000.0 in 2025, then soared by 76.4% to -$190000.0 in 2026.
- Business Quant data shows CAN's Tax Provisions at -$190000.0 in Q1 2026, -$805000.0 in Q4 2025, and -$495000.0 in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 280.00 Bn | 268.42 Bn | 7.78 Bn | 510.00 Mn |
| 2 | Arista Networks | 236.48 Bn | 223.14 Bn | 1.91 Bn | 291.40 Mn |
| 3 | Sandisk | 219.05 Bn | 214.29 Bn | 7.58 Bn | 946.00 Mn |
| 4 | Seagate Technology Holdings | 173.77 Bn | 172.06 Bn | 1.90 Bn | 211.00 Mn |
| 5 | Western Digital | 148.61 Bn | 145.37 Bn | 1.68 Bn | 154.00 Mn |
| 6 | Everpure | 33.29 Bn | 31.79 Bn | 723.33 Mn | 9.79 Mn |
| 7 | Hp | 26.26 Bn | 22.56 Bn | 3.02 Bn | 43.00 Mn |
| 8 | Super Micro Computer | 21.11 Bn | 19.82 Bn | 1.02 Bn | 126.90 Mn |
| 9 | Logitech International | 13.96 Bn | 12.21 Bn | 607.94 Mn | 39.90 Mn |
| 10 | Canaan | 245.80 Mn | 245.80 Mn | -22.91 Mn | -190,000.00 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -190,000.00 |
| Dec 31, 2025 | -805,000.00 |
| Sep 30, 2025 | -495,000.00 |
| Jun 30, 2025 | -773,000.00 |
| Mar 31, 2025 | -705,000.00 |
| Dec 31, 2024 | -85.30 Mn |
| Sep 30, 2024 | 6.71 Mn |
| Jun 30, 2024 | 1.91 Mn |
| Mar 31, 2024 | -802,000.00 |
| Dec 31, 2023 | 23.10 Mn |
| Jun 30, 2023 | 5.46 Mn |
| Mar 31, 2023 | 2.34 Mn |
| Dec 31, 2022 | 26.38 Mn |
| Sep 30, 2022 | 1.05 Mn |
| Jun 30, 2022 | -24.95 Mn |
| Mar 31, 2022 | -20.95 Mn |
| Dec 31, 2021 | -7.81 Mn |
| Sep 30, 2021 | -1,000.00 |
| Jun 30, 2021 | -52,000.00 |
| Mar 31, 2021 | -1,000.00 |