Canaan (CAN) Tax Rate (2018 - 2026)

Canaan (CAN) reported Tax Rate of 0.21% for Q1 2026, down 61.0% year-over-year from 0.55% in Q1 2025, and down 77.61% quarter-over-quarter from 0.96% in Q4 2025.

Canaan (CAN) Tax Rate (2018 - 2026) Analysis & Trends

Canaan (CAN) has 8 years of Tax Rate data on file, last reported at 0.21% in Q1 2026.

  • Tax Rate for Q1 2026 came in at 0.21%, down 61.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 1.07% (down 3420.0% YoY), and the FY2025 annual result was 1.34%, up 4364.0% from the prior year.
  • Tax Rate eased to 0.21% in Q1 2026 per CAN's latest filing, from 0.96% in the prior quarter.
  • Over five years, Tax Rate peaked at 1122.23% in Q4 2024 and troughed at 24.35% in Q1 2022.
  • A 5-year average of 60.77% and a median of 2.7% in 2023 frame the typical range for Tax Rate.
  • The sharpest annual moves came in 2024 and 2025: Tax Rate jumped 113648 bps in 2024, then slumped 112128 bps in 2025.
  • A 5-year view of Tax Rate shows it stood at 22.36% in 2022, then surged by 36 bps to 14.25% in 2023, then jumped by 7976 bps to 1122.23% in 2024, then plunged by 100 bps to 0.96% in 2025, then tumbled by 78 bps to 0.21% in 2026.
  • Business Quant data shows CAN's Tax Rate at 0.21% in Q1 2026, 0.96% in Q4 2025, and 1.82% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (Qtr)
1 Dell Technologies 266.21 Bn 254.69 Bn 6.73 Bn 19.29%
2 Sandisk 230.78 Bn 227.04 Bn 4.66 Bn 11.98%
3 Arista Networks 194.03 Bn 181.67 Bn 1.68 Bn 19.55%
4 Seagate Technology Holdings 183.90 Bn 182.75 Bn 1.45 Bn 13.43%
5 Western Digital 175.01 Bn 171.77 Bn 1.68 Bn 4.58%
6 Super Micro Computer 24.90 Bn 23.61 Bn 1.02 Bn 20.77%
7 Everpure 23.71 Bn 22.70 Bn 740.09 Mn 6.76%
8 Hp 23.64 Bn 19.93 Bn 3.02 Bn 8.72%
9 IonQ 20.37 Bn 18.35 Bn 15.41 Mn -0.80%
10 Canaan 2.72 Bn 2.64 Bn -22.91 Mn 0.21%

Historic Data

Download Data
DateValue
Mar 31, 2026 0.21%
Mar 31, 2026 0.21%
Dec 31, 2025 0.96%
Dec 31, 2025 0.96%
Sep 30, 2025 1.82%
Sep 30, 2025 1.82%
Jun 30, 2025 7.52%
Jun 30, 2025 7.52%
Mar 31, 2025 0.82%
Mar 31, 2025 0.82%
Dec 31, 2024 1,122.23%
Dec 31, 2024 1,122.23%
Sep 30, 2024 -8.15%
Sep 30, 2024 -8.15%
Jun 30, 2024 -4.36%
Jun 30, 2024 -4.36%
Mar 31, 2024 2.08%
Mar 31, 2024 2.08%
Dec 31, 2023 -14.25%
Dec 31, 2023 -14.25%