Canaan (CAN) Tax Provisions (2018 - 2026)
Canaan (CAN) posted quarterly Tax Provisions of -$190000.0 for Q1 2026, up 73.05% YoY from -$109795.1 in Q1 2025, and up 76.4% sequentially from -$805000.0 in Q4 2025.
Canaan (CAN) Tax Provisions (2018 - 2026) Analysis & Trends
Canaan has disclosed Tax Provisions across 8 years of filings, most recently posting -$190000.0 for 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 96.41% from the prior year.
- Tax Provisions advanced to -$190000.0 in Q1 2026, from -$805000.0 in the prior quarter.
- Over the last five years, Tax Provisions for CAN reached as high as $26.4 million in Q4 2022 and fell as low as -$85.3 million in Q4 2024.
- The 5-year median for Tax Provisions is -$190000.0 (2026), against an average of -$2.8 million.
- The widest YoY moves for Tax Provisions: up 106800.0% in 2022, down 2094800.0% in 2022.
- A 5-year view of Tax Provisions shows it stood at $26.4 million in 2022, then dropped by 12.43% to $23.1 million in 2023, then sank by 469.27% to -$85.3 million in 2024, then soared by 99.06% to -$805000.0 in 2025, then surged by 76.4% to -$190000.0 in 2026.
- According to Business Quant data, Tax Provisions over the past three periods registered -$190000.0, -$805000.0, and -$495000.0 for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 492.00 Mn |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 510.00 Mn |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 248.50 Mn |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 154.00 Mn |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 116.00 Mn |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 9.79 Mn |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 43.00 Mn |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | 126.90 Mn |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 6.39 Mn |
| 10 | Canaan | 3.01 Bn | 3.01 Bn | -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 |
| Sep 30, 2023 | 20.44 Mn |
| Jun 30, 2023 | 5.46 Mn |
| Mar 31, 2023 | 2.34 Mn |
| Dec 31, 2022 | 26.38 Mn |
| Sep 30, 2022 | 1.07 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 |