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
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%