Canaan reported revenue of $0.06B and net income of -$0.09B for the quarter ended Mar 2026, down 24.3% year over year. This income statement covers 29 quarters of results from Dec 2018 through Mar 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue & cost | |||||||||||||||||||||||||||||
| Revenue | 0.17B | 0.20B | 0.34B | 0.20B | 0.25B | 0.15B | 0.06B | 0.06B | 0.07B | 0.03B | 0.05B | 0.04B | 0.07B | 0.07B | 0.09B | 0.08B | 0.10B | 0.15B | 0.20B | 0.06B | |||||||||
| Cost of RevenueCost of Rev | 0.10B | 0.09B | 0.11B | 0.08B | 0.11B | 0.11B | 0.12B | 66.00B | 60.00B | 67.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | |||||||||
| Gross Profit | 0.07B | 0.12B | 0.23B | 0.12B | 0.14B | 0.03B | -0.06B | -0.05B | -0.07B | -0.07B | -0.05B | -0.04B | -0.02B | -0.02B | -0.01B | 0.00B | 0.01B | 0.02B | 0.01B | -0.02B | |||||||||
| Operating items | |||||||||||||||||||||||||||||
| Research & DevelopmentR&D | -0.01B | -0.01B | -0.02B | -0.02B | -0.02B | -0.02B | -0.03B | -0.02B | -0.02B | -0.02B | -0.01B | -0.02B | -0.01B | -0.01B | -0.02B | -0.02B | -0.02B | -0.02B | -0.01B | -0.02B | |||||||||
| Selling, General & AdministrativeSG&A | -0.03B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | -0.01B | -0.01B | -0.03B | -0.02B | -0.02B | -0.02B | -0.02B | -0.02B | |||||||||
| Other Operating ExpensesOther Opex | 0.00B | -0.00B | 0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.01B | -0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | -0.01B | 0.00B | 0.00B | |||||||||
| Operating ExpensesOpex | -0.04B | -0.04B | -0.04B | -0.04B | -0.05B | -0.04B | -0.06B | -0.04B | -0.05B | -0.04B | -0.04B | -0.03B | -0.03B | -0.04B | -0.05B | -0.04B | -0.04B | -0.04B | -0.04B | -0.03B | |||||||||
| Operating IncomeOp. Inc | 0.03B | 0.07B | 0.19B | 0.09B | 0.09B | -0.01B | -0.12B | -0.09B | -0.12B | -0.11B | -0.09B | -0.07B | -0.05B | -0.06B | -0.06B | -0.04B | -0.03B | -0.02B | -0.02B | -0.05B | |||||||||
| EBIT | 0.03B | 0.07B | 0.19B | 0.09B | 0.10B | -0.01B | -0.12B | -0.09B | -0.12B | -0.11B | -0.09B | -0.07B | -0.05B | -0.06B | -0.06B | -0.04B | -0.03B | -0.02B | -0.02B | -0.05B | |||||||||
| Non-operating items | |||||||||||||||||||||||||||||
| Non Operating Investment IncomeNon-Op. Investment Inc. | 0.00B | ||||||||||||||||||||||||||||
| Interest & Investment IncomeInt & Inv Inc | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | |||||||||
| Other Non Operating IncomeOther Non Op Inc. | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | 0.00B | -0.00B | 0.00B | 0.00B | 0.00B | 0.01B | 0.00B | 0.00B | 0.00B | 0.00B | 0.01B | |||||||||
| Non Operating IncomeNon Op. Inc. | |||||||||||||||||||||||||||||
| Net income details | |||||||||||||||||||||||||||||
| EBT | 0.04B | 0.07B | 0.20B | 0.09B | 0.12B | 0.01B | -0.12B | -0.09B | -0.12B | -0.10B | -0.16B | -0.04B | -0.04B | -0.08B | -0.01B | -0.09B | -0.01B | -0.03B | -0.08B | -0.09B | |||||||||
| Tax ProvisionsTaxes | -0.00B | -0.00B | -0.01B | -0.02B | -0.02B | 0.00B | 0.03B | 0.00B | 0.01B | 0.02B | -0.00B | 0.00B | 0.01B | -0.09B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | ||||||||||
| Profit After TaxPAT | 0.04B | 0.07B | 0.19B | 0.07B | 0.09B | 0.01B | -0.09B | -0.08B | -0.11B | -0.08B | -0.14B | -0.04B | -0.04B | -0.08B | -0.09B | -0.09B | -0.01B | -0.03B | -0.09B | -0.09B | |||||||||
| Income from Continuing OperationsIncome (Continuing) | 0.04B | 0.07B | 0.20B | 0.11B | 0.14B | 0.00B | -0.14B | -0.09B | -0.12B | -0.10B | -0.19B | -0.04B | -0.05B | -0.09B | 0.08B | -0.09B | -0.01B | -0.03B | -0.08B | -0.09B | |||||||||
| Income from Discontinued OperationsIncome (Discontinued) | -618.32 | -0.01B | -0.03B | 0.00B | 0.03B | 0.01B | 0.02B | 0.02B | 0.00B | 0.01B | |||||||||||||||||||
| Consolidated Net IncomeConsol Net Inc. | 0.04B | 0.07B | 0.20B | 0.11B | 0.12B | 0.01B | -0.11B | -0.09B | -0.12B | -0.08B | -0.16B | -0.04B | -0.04B | -0.08B | 0.08B | -0.09B | -0.01B | -0.03B | -0.08B | -0.09B | |||||||||
| Income towards Parent CompanyParent Net Inc | 0.04B | 0.07B | 0.20B | 0.11B | 0.12B | 0.01B | -0.11B | -0.09B | -0.12B | -0.08B | -0.16B | -0.04B | -0.04B | -0.08B | 0.08B | -0.09B | -0.01B | -0.03B | -0.08B | -0.09B | |||||||||
| Net Income towards Common StockholdersNet Income | 0.04B | 0.07B | 0.20B | 0.11B | 0.12B | 0.01B | -0.11B | -0.09B | -0.12B | -0.08B | -0.16B | -0.04B | -0.04B | -0.08B | 0.08B | -0.09B | -0.01B | -0.03B | -0.08B | -0.09B | |||||||||
| Additional items | |||||||||||||||||||||||||||||
| EPS (Basic) | 0.02 | 0.03 | 0.08 | 0.04 | 0.05 | 0.00 | -0.04 | -0.04 | -0.05 | -0.03 | -0.06 | -0.01 | -0.01 | -0.02 | 0.02 | -0.02 | 0.00 | 0.00 | -0.01 | -0.01 | |||||||||
| EPS (Diluted) | 0.01 | 0.03 | 0.08 | 0.04 | 0.05 | 0.00 | -0.04 | -0.04 | -0.05 | -0.03 | -0.06 | -0.01 | -0.01 | -0.02 | 0.02 | -0.02 | 0.00 | 0.00 | -0.01 | -0.01 | |||||||||
| Shares Outstanding | 2.52B | 2.62B | 2.52B | 2.58B | 2.58B | 2.56B | 2.56B | 2.50B | 2.55B | 2.56B | 2.58B | 3.72B | 4.12B | 4.16B | 4.07B | 4.82B | 5.99B | 7.79B | 7.04B | 10.37B | |||||||||
| Shares Outstanding (Diluted)Shares Outstanding (Dil.) | 2.62B | 2.65B | 2.58B | 2.58B | 2.59B | 2.58B | 2.58B | 2.50B | 2.55B | 2.56B | 2.58B | 3.72B | 4.12B | 4.16B | 4.07B | 4.82B | 5.99B | 7.79B | 7.04B | 10.37B | |||||||||
| Shares Outstanding (Entity)Shares Outstanding (Entity.) | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.17B | 0.25B | 0.27B | 0.28B | 0.27B | 0.32B | 0.40B | 0.52B | 0.47B | 0.69B | |||||||||
| EBITDA | 0.03B | 0.07B | 0.19B | 0.09B | 0.10B | -0.01B | -0.12B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | 0.00B | -0.00B | 0.00B | 0.00B | -0.00B | -0.00B | |||||||||
| Interest ExpensesInt Expense | -0.00B | 0.00B | 0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | ||||||||||||||||||
| Tax Rate | -0.14% | 0.00% | -3.99% | -24.35% | -21.69% | 20.01% | -22.36% | -2.70% | -4.70% | -14.25% | 2.08% | -4.36% | -8.15% | 1,122.23% | 0.82% | 7.52% | 1.82% | 0.96% | 0.21% |