Canaan (CAN) Tax Rate (2018 - 2026)
Canaan (CAN) posted quarterly 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 reported Tax Rate for 8 consecutive years, with 0.21% the latest figure, recorded in 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 524.0% from the prior year.
- Tax Rate retreated to 0.21% in Q1 2026 per CAN's latest filing, from 0.96% in the prior quarter.
- Across five years, Tax Rate topped out at 1122.23% in Q4 2024 and bottomed at 24.35% in Q1 2022.
- Historically, Tax Rate has averaged 65.82% across 5 years, with a median of 1.24% in 2026.
- Annual changes were most pronounced in 2024 — Tax Rate jumped 113648 bps — and 2025, when it slumped 112128 bps.
- Canaan's Tax Rate stood at 22.36% in 2022, then soared by 36 bps to 14.25% in 2023, then surged by 7976 bps to 1122.23% in 2024, then sank by 100 bps to 0.96% in 2025, then plunged 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.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 279.74 Bn | 268.16 Bn | 7.78 Bn | 12.92% |
| 2 | Arista Networks | 233.03 Bn | 220.67 Bn | 1.68 Bn | 19.55% |
| 3 | Sandisk | 191.00 Bn | 187.26 Bn | 4.66 Bn | 11.98% |
| 4 | Seagate Technology Holdings | 182.93 Bn | 181.79 Bn | 1.45 Bn | 13.43% |
| 5 | Western Digital | 180.27 Bn | 177.03 Bn | 1.68 Bn | 4.58% |
| 6 | Everpure | 26.48 Bn | 24.98 Bn | 723.33 Mn | 28.91% |
| 7 | Hp | 25.04 Bn | 21.33 Bn | 3.02 Bn | 8.72% |
| 8 | Super Micro Computer | 17.15 Bn | 15.86 Bn | 1.02 Bn | 20.77% |
| 9 | Logitech International | 15.08 Bn | 13.33 Bn | 607.94 Mn | 14.48% |
| 10 | Canaan | 1.81 Bn | 1.81 Bn | -22.91 Mn | 0.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 0.21% |
| Mar 31, 2026 | 0.21% |
| Mar 31, 2026 | 0.21% |
| Dec 31, 2025 | 0.96% |
| Dec 31, 2025 | 0.96% |
| Dec 31, 2025 | 0.96% |
| Sep 30, 2025 | 1.82% |
| Sep 30, 2025 | 1.82% |
| Sep 30, 2025 | 1.82% |
| Jun 30, 2025 | 7.52% |
| Jun 30, 2025 | 7.52% |
| Jun 30, 2025 | 7.52% |
| Mar 31, 2025 | 0.82% |
| Mar 31, 2025 | 0.82% |
| Mar 31, 2025 | 0.82% |
| Dec 31, 2024 | 1,122.23% |
| Dec 31, 2024 | 1,122.23% |
| Dec 31, 2024 | 1,122.23% |
| Sep 30, 2024 | -8.15% |
| Sep 30, 2024 | -8.15% |