Canaan (CAN) Tax Rate (2018 - 2026)
Canaan (CAN) posted quarterly Tax Rate of 0.21% for Q1 2026, down 61.0% YoY from 0.55% in Q1 2025, and down 77.61% sequentially from 0.96% in Q4 2025.
Canaan (CAN) Tax Rate (2018 - 2026) Analysis & Trends
Canaan has disclosed Tax Rate across 8 years of filings, most recently posting 0.21% for Q1 2026.
- In Q1 2026, Tax Rate fell 61.0% year-over-year to 0.21%; the TTM figure through Mar 2026 stood at 1.07% (down 3420.0% YoY), while the FY2025 annual figure was 1.34%, up 4364.0% from the prior year.
- Tax Rate fell to 0.21% in Q1 2026, from 0.96% in the prior quarter.
- Over the last five years, Tax Rate for CAN reached as high as 1122.23% in Q4 2024 and fell as low as 24.35% in Q1 2022.
- The 5-year median for Tax Rate is 2.7% (2023), against an average of 60.77%.
- Annual changes were most pronounced in 2024 — Tax Rate jumped 113648 bps — and 2025, when it plunged 112128 bps.
- 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 slumped by 100 bps to 0.96% in 2025, then sank by 78 bps to 0.21% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 0.21%, 0.96%, and 1.82% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sandisk | 300.77 Bn | 297.03 Bn | 4.66 Bn | 11.98% |
| 2 | Dell Technologies | 276.28 Bn | 264.70 Bn | 7.78 Bn | 12.92% |
| 3 | Arista Networks | 209.63 Bn | 197.28 Bn | 1.68 Bn | 19.55% |
| 4 | Western Digital | 204.64 Bn | 201.41 Bn | 1.68 Bn | 4.58% |
| 5 | Seagate Technology Holdings | 202.26 Bn | 201.11 Bn | 1.45 Bn | 13.43% |
| 6 | Everpure | 25.55 Bn | 24.23 Bn | 723.33 Mn | 28.91% |
| 7 | Hp | 20.30 Bn | 16.60 Bn | 3.02 Bn | 8.72% |
| 8 | Super Micro Computer | 16.60 Bn | 15.31 Bn | 1.02 Bn | 20.77% |
| 9 | Logitech International | 13.89 Bn | 12.15 Bn | 483.28 Mn | 4.26% |
| 10 | Canaan | 3.01 Bn | 3.01 Bn | -22.91 Mn | 0.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |