Canaan reported revenue of $31.86M and net income of -$97.61M for the quarter ended Jun 2026, down 68.2% year over year. This income statement covers 30 quarters of results from Dec 2018 through Jun 2026, standardized by Business Quant from the company’s SEC filings.
| Income Statement | Dec2018 | Jun2019 | Sep2019 | Dec2019 | Mar2020 | Jun2020 | Sep2020 | Dec2020 | Mar2021 | Jun2021 | Sep2021 | Dec2021 | Mar2022 | Jun2022 | Sep2022 | Dec2022 | Mar2023 | Jun2023 | Sep2023 | Dec2023 | Mar2024 | Jun2024 | Sep2024 | Dec2024 | Mar2025 | Jun2025 | Sep2025 | Dec2025 | Mar2026 | Jun2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | ||||||||||||||||||||||||||||||
| Revenue | 204.49M | 342.80M | 201.77M | 245.90M | 145.54M | 58.31M | 55.23M | 73.85M | 33.32M | 49.07M | 35.09M | 71.86M | 73.61M | 88.77M | 82.78M | 100.21M | 150.48M | 196.27M | 62.69M | 31.86M | ||||||||||
| Cost of RevenueCost of Rev | 89.38M | 109.47M | 78.31M | 107.56M | 112.91M | 122.45M | 0.07M | 0.06M | 0.07M | 0.01M | 0.06M | 0.06M | 0.05M | 0.14M | 0.08M | 0.08M | 0.09M | 0.09M | 0.09M | 0.09M | ||||||||||
| Gross Profit | 115.11M | 233.33M | 123.46M | 138.33M | 32.63M | -64.14M | -47.55M | -70.08M | -69.09M | -54.07M | -37.33M | -19.13M | -21.51M | -6.35M | 0.65M | 9.31M | 16.62M | 14.58M | -22.91M | -29.33M | ||||||||||
| Operating items | ||||||||||||||||||||||||||||||
| Research & DevelopmentR&D | -14.40M | -17.58M | -15.17M | -15.58M | -17.64M | -33.36M | -19.06M | -17.86M | -17.15M | -10.78M | -15.34M | -14.65M | -14.76M | -16.57M | -18.95M | -16.41M | -16.34M | -11.46M | -15.39M | -14.87M | ||||||||||
| Selling, General & AdministrativeSG&A | -22.98M | -20.56M | -19.82M | -22.13M | -21.71M | -24.63M | -17.58M | -17.26M | -16.22M | -22.17M | -16.67M | -14.03M | -13.21M | -27.78M | -16.91M | -16.36M | -17.93M | -16.87M | -15.02M | -15.08M | ||||||||||
| Other Operating ExpensesOther Opex | -5.81M | -4.82M | -3.15M | -3.20M | -3.73M | -2.66M | -1.49M | -13.91M | -10.38M | -6.25M | 1.29M | 1.21M | -7.37M | -4.93M | -2.42M | -3.61M | -6.27M | -9.88M | -1.00M | -10.18M | ||||||||||
| Operating ExpensesOpex | -43.21M | -42.95M | -38.03M | -45.35M | -43.15M | -60.82M | -38.12M | -49.03M | -43.76M | -39.20M | -30.72M | -27.47M | -35.33M | -49.29M | -38.27M | -36.38M | -40.53M | -38.20M | -31.41M | -40.12M | ||||||||||
| Operating IncomeOp. Inc | 71.90M | 190.38M | 85.43M | 92.98M | -10.51M | -124.96M | -85.67M | -119.10M | -112.85M | -93.27M | -68.05M | -46.60M | -56.84M | -55.64M | -37.63M | -27.07M | -23.91M | -23.62M | -54.31M | -69.46M | ||||||||||
| EBIT | 71.61M | 190.38M | 91.17M | 99.97M | -9.79M | -117.52M | -85.67M | -119.10M | -112.85M | -93.27M | -68.05M | -46.60M | -56.84M | -55.64M | -37.63M | -27.07M | -23.91M | -23.62M | -54.31M | -69.46M | ||||||||||
| Non-operating items | ||||||||||||||||||||||||||||||
| Non Operating Interest Expenses | 0.04M | -0.01M | -0.25M | -0.26M | -0.35M | -0.39M | -0.40M | -0.83M | -0.93M | -0.49M | ||||||||||||||||||||
| Non Operating Investment IncomeNon-Op. Investment Inc. | ||||||||||||||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | 0.45M | 0.31M | 0.48M | 0.31M | 0.44M | 1.14M | 0.44M | 0.23M | 0.06M | 0.23M | 0.20M | 0.07M | 0.16M | 0.11M | 0.06M | 0.08M | 0.09M | 0.04M | 0.15M | |||||||||||
| Other Non Operating IncomeOther Non Op Inc. | -0.03M | 3.48M | 0.06M | 0.89M | 0.26M | 2.09M | 1.08M | 0.18M | 1.35M | -0.36M | 1.44M | 0.86M | 0.21M | 8.33M | 0.25M | 0.23M | 2.58M | 2.57M | 11.20M | -1.00M | ||||||||||
| Net income details | ||||||||||||||||||||||||||||||
| EBT | 72.52M | 195.57M | 86.04M | 115.04M | 5.24M | -117.99M | -86.71M | -116.12M | -100.55M | -162.12M | -38.59M | -43.79M | -82.29M | -7.60M | -85.73M | -10.29M | -27.25M | -84.23M | -88.78M | -92.20M | ||||||||||
| Tax ProvisionsTaxes | -0.00M | -7.81M | -20.95M | -24.95M | 1.07M | 26.38M | 2.34M | 5.46M | 20.44M | 23.10M | -0.80M | 1.91M | 6.71M | -85.30M | -0.70M | -0.77M | -0.49M | -0.81M | -0.19M | -1.26M | ||||||||||
| Profit After TaxPAT | 72.51M | 187.76M | 65.09M | 90.09M | 6.31M | -91.61M | -84.37M | -110.67M | -80.10M | -139.01M | -39.39M | -41.88M | -75.58M | -92.90M | -86.43M | -11.06M | -27.74M | -85.03M | -88.75M | -97.61M | ||||||||||
| Income from Non-Controlling InterestsInc. Minority | 12.61M | 0.01M | 9.74M | 8.65M | 7.91M | 0.01M | 6.68M | 9.80M | 7.21M | 6.17M | 5.13M | 4.28M | 4.62M | 0.00M | ||||||||||||||||
| Income from Continuing OperationsIncome (Continuing) | 79.22M | 203.38M | 113.95M | 143.20M | 4.64M | -135.66M | -89.05M | -121.58M | -120.99M | -185.22M | -37.79M | -45.70M | -89.00M | 77.70M | -85.02M | -9.51M | -26.75M | -83.42M | -88.59M | -90.93M | ||||||||||
| Consolidated Net IncomeConsol Net Inc. | 79.22M | 203.38M | 113.95M | 143.20M | 4.64M | -135.66M | -89.05M | -121.58M | -120.99M | -185.22M | -37.79M | -45.70M | -89.00M | 77.70M | -85.02M | -9.51M | -26.75M | -83.42M | -88.59M | -90.93M | ||||||||||
| Income towards Parent CompanyParent Net Inc | 79.22M | 203.38M | 113.95M | 143.20M | 4.64M | -135.66M | -89.05M | -121.58M | -120.99M | -185.22M | -37.79M | -45.70M | -89.00M | 77.70M | -85.02M | -9.51M | -26.75M | -83.42M | -88.59M | -90.93M | ||||||||||
| Net Income towards Common StockholdersNet Income | 79.22M | 203.38M | 113.95M | 143.20M | 4.64M | -135.66M | -89.05M | -121.58M | -120.99M | -185.22M | -37.79M | -45.70M | -89.00M | 77.70M | -85.02M | -9.51M | -26.75M | -83.42M | -88.59M | -90.93M | ||||||||||
| Additional items | ||||||||||||||||||||||||||||||
| EPS (Basic) | 0.51 | 1.21 | 0.68 | 0.85 | 0.03 | -0.79 | -0.52 | -0.71 | -0.71 | -1.08 | -0.22 | -0.27 | -0.52 | 0.29 | -0.31 | -0.04 | -0.10 | -0.18 | -0.19 | -0.19 | ||||||||||
| EPS (Diluted) | 0.51 | 1.18 | 0.66 | 0.83 | 0.03 | -0.79 | -0.52 | -0.71 | -0.70 | -1.08 | -0.22 | -0.27 | -0.52 | 0.29 | -0.31 | -0.04 | -0.10 | -0.18 | -0.19 | -0.19 | ||||||||||
| Shares Outstanding | 156.38M | 168.11M | 168.11M | 168.11M | 168.11M | 170.67M | 170.67M | 170.67M | 170.67M | 171.95M | 171.95M | 171.95M | 171.95M | 271.49M | 271.49M | 271.49M | 271.49M | 469.52M | 469.52M | 469.52M | ||||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 156.38M | 171.74M | 171.74M | 171.74M | 171.74M | 171.86M | 171.86M | 171.86M | 171.86M | 171.95M | 171.95M | 171.95M | 171.95M | 271.49M | 271.49M | 271.49M | 271.49M | 469.52M | 469.52M | 469.52M | ||||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 171.83M | 166.40M | 234.33M | 659.73M | 667.67M | |||||||||||||||||||||||||
| EBITDA | 71.61M | 190.38M | 91.17M | 99.97M | -9.79M | -117.52M | -57.48M | -78.76M | -68.01M | -69.44M | -25.98M | -30.64M | -34.14M | 19.27M | -38.13M | 25.34M | 2.81M | -40.52M | -76.35M | -74.90M | ||||||||||
| Interest ExpensesInt Expense | 0.04M | -0.01M | -0.25M | -0.26M | -0.35M | -0.39M | -0.40M | -0.83M | -0.93M | -0.49M | ||||||||||||||||||||
| Tax Rate | 0.00% | -3.99% | -24.35% | -21.69% | 20.36% | -22.36% | -2.70% | -4.70% | -20.33% | -14.25% | 2.08% | -4.36% | -8.15% | 1,122.23% | 0.82% | 7.52% | 1.82% | 0.96% | 0.21% | 1.37% |