​

Canaan (CAN) Revenue & Revenue Breakdown

OverviewForecastOwnershipFinancialsChartTranscripts

Canaan Revenue Highlights

Latest Revenue (Y)

$211.48M

Latest Revenue (Q)

$35.09M

Main Segment (Y)

Product

Main Geography (Y)

UNITED STATES

Canaan Revenue by Period

Canaan Revenue by Year

DateRevenueChange
2023-12-31$211.48M-95.17%
2022-12-31$4.38B459.72%
2021-12-31$782.34M1041.71%
2020-12-31$68.52M-66.30%
2019-12-31$203.32M-92.48%
2018-12-31$2.71B106.81%
2017-12-31$1.31B-

Canaan generated $211.48M in revenue during NA 2023, up -95.17% compared to the previous quarter, and up 7.82% compared to the same period a year ago.

Canaan Revenue by Quarter

DateRevenueChange
2024-03-31$35.09M-28.49%
2023-12-31$49.07M47.28%
2023-09-30$33.32M-54.88%
2023-06-30$73.85M33.71%
2023-03-31$55.23M-85.91%
2022-12-31$391.93M-59.93%
2022-09-30$978.21M-40.81%
2022-06-30$1.65B21.87%
2022-03-31$1.36B295.69%
2021-12-31$342.72M-73.99%
2021-09-30$1.32B21.80%
2021-06-30$1.08B168.58%
2021-03-31$402.77M6780.31%
2020-12-31$5.85M-96.41%
2020-09-30$163.04M-8.47%
2020-06-30$178.13M160.90%
2020-03-31$68.27M3.12%
2019-12-31$66.21M-90.13%
2019-09-30$670.61M177.63%
2019-06-30$241.55M411.55%
2019-03-31$47.22M-83.00%
2018-12-31$277.68M-

Canaan generated $35.09M in revenue during Q1 2024, up -28.49% compared to the previous quarter, and up 8.95% compared to the same period a year ago.

Canaan Revenue Breakdown

Canaan Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Product$223.23M$176.90M$4.16B$4.96B$427.52M
Mining$44.02M$33.96M---
Grant--$19.23M--
Service---$224.00K$300.00K

Canaan's latest annual revenue breakdown by segment (product or service), as of Dec 24: Product (83.53%), and Mining (16.47%).

Canaan Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24Dec 23Dec 22Dec 21Dec 20
CANADA$6.55M$259.00K$122.80M$402.49M$162.00K
AUSTRALIA$22.00K$9.00K$405.81M$361.38M-
PARAGUAY$1.44M----
UNITED ARAB EMIRATES$41.45M----
UNITED STATES$70.99M$28.10M$631.24M$312.72M$3.53M
Other Foreign Countries$2.88M$23.68M$10.53M$256.16M$4.49M
SINGAPORE$5.25M----
THAILAND$555.00K$3.70M$18.64M$289.01M-
NETHERLANDS$6.08M----
MALAYSIA$10.10M$15.33M$802.06M--
KAZAKHSTAN$7.75M$24.57M$386.77M$711.60M$47.79M
INDONESIA$147.00K$300.00K$1.45B--
HONG KONG$13.28M$149.49M$87.97M$12.30M-
GEORGIA, REPUBLIC OF$2.09M----
CYPRUS$1.00K$7.00K$243.50M$633.32M-
CHINA$68.17M$115.53M$122.77M$1.78B$379.42M
SWEDEN--$6.29M$152.13M-
JAPAN---$3.00K-

Canaan's latest annual revenue breakdown by geography, as of Dec 24: UNITED STATES (29.98%), CHINA (28.79%), UNITED ARAB EMIRATES (17.51%), HONG KONG (5.61%), MALAYSIA (4.27%), KAZAKHSTAN (3.27%), CANADA (2.77%), NETHERLANDS (2.57%), SINGAPORE (2.22%), Other Foreign Countries (1.22%), GEORGIA, REPUBLIC OF (0.88%), PARAGUAY (0.61%), THAILAND (0.23%), INDONESIA (0.06%), AUSTRALIA (0.01%), and CYPRUS (0.00%).

Canaan Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
DELLDell$95.57B$24.37B
HPQHP$53.56B$13.50B
SMCISuper Micro Computer$14.94B$670.02M
NTAPNetApp$6.27B$1.64B
LOGILogitech$4.22B$1.34B
PSTGPure Storage$3.17B$762.84M
SSYSStratasys$627.60M$144.05M
DDD3D Systems$440.12M$112.94M
CANCanaan$211.48M$35.09M
DMDesktop Metal$189.70M$36.41M
NNDMNano Dimension$56.31M$13.51M
IONQIonQ$43.07M$12.40M
RGTIRigetti Computing$10.79M$2.38M
QBTSD-Wave Quantum$8.83M$1.87M

CAN Revenue FAQ

What is Canaan’s yearly revenue?

Canaan's yearly revenue for 2023 was $211.48M, representing a decrease of -95.17% compared to 2022. The company's yearly revenue for 2022 was $4.38B, representing an increase of 459.72% compared to 2021. CAN's yearly revenue for 2021 was $782.34M, representing an increase of 1041.71% compared to 2020.

What is Canaan’s quarterly revenue?

Canaan's quarterly revenue for Q1 2024 was $35.09M, a -28.49% decrease from the previous quarter (Q4 2023), and a -36.47% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $49.07M, a 47.28% increase from the previous quarter (Q3 2023), and a -87.48% decrease year-over-year (Q4 2022). CAN's quarterly revenue for Q3 2023 was $33.32M, a -54.88% decrease from the previous quarter (Q2 2023), and a -96.59% decrease year-over-year (Q3 2022).

What is Canaan’s revenue growth rate?

Canaan's revenue growth rate for the last 3 years (2021-2023) was -72.97%, and for the last 5 years (2019-2023) was 4.01%.

What are Canaan’s revenue streams?

Canaan's revenue streams in c 24 are Product, and Mining. Product generated $223.23M in revenue, accounting 83.53% of the company's total revenue, up 26.19% year-over-year. Mining generated $44.02M in revenue, accounting 16.47% of the company's total revenue, up 29.64% year-over-year.

What is Canaan’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Canaan was Product. This segment made a revenue of $223.23M, representing 83.53% of the company's total revenue.