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| 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% |