Canaan Earnings Reports

Canaan Inc. exceeded revenue expectations in Q3 2025 with substantial YoY and QoQ growth, led by surging demand in mining machines and self-mining operations, though the quarter ended in a net loss due to fair value adjustments and increased costs.

Canaan achieved its highest quarterly mining revenue and strong sales growth in Q2 2025, driven by increased computing power and market expansion. However, the company remained unprofitable, recording an $11.1 million net loss.

Canaan exceeded revenue guidance in Q1 2025, driven by robust mining and product sales. However, the company still recorded a net loss due to high operating expenses and non-cash financial impacts.

Canaan delivered robust Q4 2024 results with revenue of $88.77 million, surpassing expectations, driven by record computing power sales and significant growth in mining revenue. Despite improvements in top-line performance and EBITDA turning positive, the company reported a net loss due to non-cash expenses and tax adjustments.