Canaan Past Earnings Performance
Past criteria checks 0/6
Canaan's earnings have been declining at an average annual rate of -24.9%, while the Tech industry saw earnings growing at 21.8% annually. Revenues have been growing at an average rate of 8.9% per year.
Key information
-24.9%
Earnings growth rate
-19.1%
EPS growth rate
| Tech Industry Growth | 14.3% |
| Revenue growth rate | 8.9% |
| Return on equity | -93.7% |
| Net Margin | -128.8% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
Canaan: Q3 Earnings, Is The 'Digital Gold' Rush Coming?
Nov 21Canaan: New Hardware Rollout And Bitcoin Rally Combine As Catalysts
Nov 13The Market Lifts Canaan Inc. (NASDAQ:CAN) Shares 26% But It Can Do More
Sep 18
Not Many Are Piling Into Canaan Inc. (NASDAQ:CAN) Just Yet
Jul 18Canaan: Watchlist Worthy
Jun 21Investors Still Waiting For A Pull Back In Canaan Inc. (NASDAQ:CAN)
Mar 01Canaan Inc.: Riding The Bitcoin Wave - Not The Time To Be Bearish
Jan 15Canaan (NASDAQ:CAN) Will Want To Turn Around Its Return Trends
Apr 12Things Look Grim For Canaan Inc. (NASDAQ:CAN) After Today's Downgrade
Nov 18Canaan: Bitcoin Ties Overcome Any Chip Growth Potential, For Now
Sep 16Canaan Q2 2022 Earnings Preview
Aug 17Canaan lands Buy rating from HCW on improved equipment performance
Jul 07Canaan: The Unheard Of Computer Chip Stock
Jun 14Covid Bites Canaan In First Quarter, But Advance Orders Bode Well For Second
May 25This Canaan Inc. (NASDAQ:CAN) Analyst Is Way More Bearish Than They Used To Be
May 20We Think That There Are Issues Underlying Canaan's (NASDAQ:CAN) Earnings
May 10Canaan Turns To Bitcoin Mining Even As Crypto Hunters Face Mounting Challenges
Jan 11Canaan: Crypto Craze Volatility Likely To Spell Trouble
Oct 29Bitcoin Mining Machine Maker Canaan Plays Up Offshore Sales
Aug 16Canaan secures an order of 10,000 bitcoin mining machines
Jun 16Canaan: China Bitcoin Crackdown Spells Short-Term Trouble
Jun 08Revenue & Expenses Breakdown
How Canaan makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 230 | -296 | 63 | 56 |
| 30 Jun 24 | 189 | -300 | 68 | 58 |
| 31 Mar 24 | 191 | -369 | 76 | 61 |
| 31 Dec 23 | 211 | -414 | 79 | 65 |
| 30 Sep 23 | 268 | -356 | 90 | 92 |
| 30 Jun 23 | 366 | -270 | 93 | 90 |
| 31 Mar 23 | 491 | -79 | 90 | 83 |
| 31 Dec 22 | 652 | 70 | 98 | 82 |
| 30 Sep 22 | 867 | 322 | 89 | 61 |
| 30 Jun 22 | 972 | 419 | 98 | 62 |
| 31 Mar 22 | 925 | 380 | 108 | 58 |
| 31 Dec 21 | 773 | 309 | 107 | 52 |
| 30 Sep 21 | 440 | 113 | 88 | 40 |
| 30 Jun 21 | 261 | 14 | 67 | 30 |
| 31 Mar 21 | 119 | -27 | 41 | 24 |
| 31 Dec 20 | 69 | -33 | 23 | 21 |
| 30 Sep 20 | 129 | -139 | 26 | 24 |
| 30 Jun 20 | 195 | -108 | 24 | 24 |
| 31 Mar 20 | 204 | -142 | 53 | 25 |
| 31 Dec 19 | 204 | -149 | 53 | 24 |
| 30 Sep 19 | 173 | -37 | 48 | 22 |
| 30 Jun 19 | 152 | -62 | 52 | 27 |
| 31 Mar 19 | 265 | -8 | 24 | 28 |
| 31 Dec 18 | 393 | 18 | 27 | 28 |
| 31 Dec 17 | 201 | 58 | 22 | 15 |
Quality Earnings: CAN is currently unprofitable.
Growing Profit Margin: CAN is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: CAN is unprofitable, and losses have increased over the past 5 years at a rate of 24.9% per year.
Accelerating Growth: Unable to compare CAN's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: CAN is unprofitable, making it difficult to compare its past year earnings growth to the Tech industry (26.1%).
Return on Equity
High ROE: CAN has a negative Return on Equity (-93.69%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 02:26 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canaan Inc. is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nicholas Giles | B. Riley Securities, Inc. |
| Lucas Pipes | B. Riley Securities, Inc. |
| Jiaer Zhu | China Renaissance Securities |