The table below shows Canaan Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$529.74M
$269.32M
$211.48M
$651.53M
$772.76M
$68.61M
Cost of revenue
$488.58M
$353.64M
$452.26M
$421.24M
$331.00M
$62.82M
Gross profit
$41.16M
-$84.32M
-$240.78M
$230.29M
$441.76M
$5.79M
R&D
$63.15M
$61.32M
$64.84M
$81.75M
$52.17M
$21.46M
CAN annual revenue (10-K history)
Canaan Inc. reported annual revenue of $529.74M for fiscal year 2025. That is up 96.7% from $269.32M in fiscal 2024. Over the 7 fiscal years shown, annual revenue grew from $204.35M (FY 2019) to $529.74M. Figures come from the company's audited annual reports as filed with the SEC.