Canaan Inc
NASDAQ:CAN
Income Statement
Earnings Waterfall
Canaan Inc
Income Statement
Canaan Inc
| Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||
| Interest Expense |
0
|
0
|
3
|
5
|
8
|
10
|
8
|
5
|
3
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
2
|
|
| Revenue |
194
N/A
|
340
+75%
|
445
+31%
|
457
+3%
|
409
-11%
|
256
-38%
|
153
-40%
|
178
+16%
|
206
+16%
|
207
+0%
|
196
-5%
|
124
-37%
|
65
-48%
|
117
+80%
|
259
+122%
|
439
+69%
|
773
+76%
|
915
+18%
|
786
-14%
|
725
-8%
|
651
-10%
|
292
-55%
|
327
+12%
|
218
-34%
|
211
-3%
|
191
-10%
|
189
-1%
|
230
+21%
|
269
+17%
|
318
+18%
|
346
+9%
|
423
+22%
|
530
+25%
|
|
| Gross Profit | ||||||||||||||||||||||||||||||||||
| Cost of Revenue |
(104)
|
(136)
|
(308)
|
(343)
|
(332)
|
(300)
|
(143)
|
(154)
|
(281)
|
(279)
|
(265)
|
(216)
|
(59)
|
(82)
|
(164)
|
(227)
|
(331)
|
(378)
|
(294)
|
(313)
|
(421)
|
(345)
|
(471)
|
(465)
|
(452)
|
(421)
|
(368)
|
(361)
|
(354)
|
(363)
|
(363)
|
(402)
|
(489)
|
|
| Gross Profit |
90
N/A
|
204
+128%
|
138
-32%
|
115
-17%
|
77
-33%
|
(44)
N/A
|
11
N/A
|
24
+128%
|
(75)
N/A
|
(73)
+2%
|
(68)
+6%
|
(92)
-34%
|
6
N/A
|
35
+536%
|
95
+172%
|
212
+123%
|
442
+108%
|
537
+22%
|
492
-8%
|
412
-16%
|
230
-44%
|
(53)
N/A
|
(144)
-174%
|
(247)
-72%
|
(241)
+3%
|
(230)
+4%
|
(179)
+22%
|
(131)
+27%
|
(84)
+36%
|
(45)
+47%
|
9
N/A
|
26
+179%
|
41
+59%
|
|
| Operating Income | ||||||||||||||||||||||||||||||||||
| Operating Expenses |
(36)
|
(42)
|
(51)
|
(62)
|
(57)
|
(54)
|
(79)
|
(73)
|
(78)
|
(80)
|
(48)
|
(49)
|
(42)
|
(64)
|
(96)
|
(128)
|
(159)
|
(165)
|
(131)
|
(128)
|
(177)
|
(141)
|
(180)
|
(182)
|
(144)
|
(137)
|
(117)
|
(104)
|
(139)
|
(145)
|
(156)
|
(167)
|
(145)
|
|
| Selling, General & Administrative |
(21)
|
(26)
|
(32)
|
(37)
|
(27)
|
(26)
|
(52)
|
(50)
|
(52)
|
(54)
|
(23)
|
(25)
|
(21)
|
(41)
|
(65)
|
(88)
|
(106)
|
(106)
|
(80)
|
(74)
|
(94)
|
(70)
|
(95)
|
(96)
|
(75)
|
(75)
|
(59)
|
(48)
|
(74)
|
(82)
|
(91)
|
(100)
|
(82)
|
|
| Research & Development |
(14)
|
(16)
|
(19)
|
(25)
|
(28)
|
(28)
|
(27)
|
(23)
|
(24)
|
(26)
|
(24)
|
(23)
|
(20)
|
(23)
|
(31)
|
(40)
|
(51)
|
(59)
|
(50)
|
(53)
|
(80)
|
(70)
|
(86)
|
(86)
|
(64)
|
0
|
0
|
0
|
(59)
|
0
|
(16)
|
(33)
|
(63)
|
|
| Depreciation & Amortization |
(1)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
(0)
|
(2)
|
0
|
0
|
0
|
(2)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
(5)
|
0
|
0
|
0
|
0
|
|
| Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(62)
|
(58)
|
(56)
|
0
|
(63)
|
(49)
|
(35)
|
0
|
|
| Operating Income |
53
N/A
|
162
+205%
|
87
-47%
|
53
-39%
|
20
-62%
|
(98)
N/A
|
(69)
+30%
|
(48)
+30%
|
(153)
-216%
|
(153)
0%
|
(116)
+24%
|
(140)
-21%
|
(37)
+74%
|
(29)
+21%
|
(1)
+98%
|
84
N/A
|
283
+236%
|
373
+31%
|
361
-3%
|
284
-21%
|
53
-81%
|
(193)
N/A
|
(324)
-68%
|
(429)
-32%
|
(385)
+10%
|
(367)
+5%
|
(297)
+19%
|
(237)
+20%
|
(223)
+6%
|
(194)
+13%
|
(176)
+9%
|
(148)
+16%
|
(104)
+30%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||
| Interest Income Expense |
1
|
1
|
(2)
|
(5)
|
(7)
|
(9)
|
(6)
|
(3)
|
(1)
|
1
|
1
|
1
|
1
|
3
|
3
|
3
|
4
|
3
|
5
|
20
|
39
|
21
|
21
|
16
|
(57)
|
0
|
0
|
0
|
44
|
0
|
17
|
11
|
(101)
|
|
| Non-Reccuring Items |
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
0
|
(2)
|
(8)
|
(3)
|
(6)
|
(6)
|
(26)
|
(26)
|
(24)
|
(28)
|
(4)
|
(4)
|
(2)
|
3
|
(9)
|
|
| Gain/Loss on Disposition of Assets |
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
| Total Other Income |
6
|
10
|
20
|
20
|
18
|
14
|
4
|
4
|
4
|
8
|
7
|
5
|
5
|
0
|
0
|
7
|
31
|
25
|
26
|
20
|
7
|
5
|
4
|
5
|
2
|
(25)
|
(25)
|
(62)
|
11
|
(22)
|
(24)
|
3
|
6
|
|
| Pre-Tax Income |
59
N/A
|
173
+191%
|
105
-39%
|
68
-35%
|
30
-56%
|
(93)
N/A
|
(71)
+24%
|
(47)
+34%
|
(150)
-217%
|
(144)
+4%
|
(108)
+25%
|
(134)
-24%
|
(31)
+77%
|
(26)
+18%
|
3
N/A
|
95
+3 162%
|
318
+236%
|
400
+26%
|
392
-2%
|
321
-18%
|
91
-72%
|
(171)
N/A
|
(305)
-78%
|
(414)
-36%
|
(465)
-12%
|
(418)
+10%
|
(346)
+17%
|
(327)
+5%
|
(172)
+47%
|
(220)
-27%
|
(186)
+15%
|
(131)
+29%
|
(207)
-58%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||
| Tax Provision |
(4)
|
(18)
|
(25)
|
(23)
|
(12)
|
2
|
9
|
8
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
(0)
|
(8)
|
(29)
|
(33)
|
(32)
|
(18)
|
24
|
33
|
53
|
51
|
48
|
45
|
31
|
(77)
|
(77)
|
(80)
|
(87)
|
(3)
|
|
| Income from Continuing Operations |
56
|
155
|
80
|
46
|
19
|
(92)
|
(63)
|
(39)
|
(150)
|
(144)
|
(108)
|
(134)
|
(31)
|
(26)
|
3
|
95
|
310
|
372
|
360
|
289
|
72
|
(148)
|
(272)
|
(361)
|
(414)
|
(369)
|
(300)
|
(296)
|
(250)
|
(297)
|
(266)
|
(218)
|
(210)
|
|
| Net Income (Common) |
56
N/A
|
155
+179%
|
80
-48%
|
46
-43%
|
19
-59%
|
(92)
N/A
|
(63)
+32%
|
(39)
+37%
|
(150)
-282%
|
(144)
+4%
|
(108)
+25%
|
(134)
-24%
|
(31)
+77%
|
(26)
+18%
|
3
N/A
|
95
+3 275%
|
310
+228%
|
372
+20%
|
360
-3%
|
289
-20%
|
72
-75%
|
(148)
N/A
|
(272)
-84%
|
(361)
-33%
|
(414)
-15%
|
(369)
+11%
|
(300)
+19%
|
(296)
+1%
|
(250)
+16%
|
(297)
-19%
|
(266)
+10%
|
(218)
+18%
|
(210)
+3%
|
|
| EPS (Diluted) |
0.02
N/A
|
0.06
+200%
|
0.03
-50%
|
0.02
-33%
|
0.01
-50%
|
-0.03
N/A
|
-0.02
+33%
|
-0.01
+50%
|
-0.06
-500%
|
-0.06
N/A
|
-0.04
+33%
|
-0.06
-50%
|
-0.01
+83%
|
-0.01
N/A
|
0
N/A
|
0.04
N/A
|
0.12
+200%
|
0.15
+25%
|
0.15
N/A
|
0.12
-20%
|
0.03
-75%
|
-0.05
N/A
|
-0.1
-100%
|
-0.13
-30%
|
-0.16
-23%
|
-0.09
+44%
|
-0.07
+22%
|
-0.09
-29%
|
-0.06
+33%
|
-0.07
-17%
|
-0.06
+14%
|
-0.05
+17%
|
-0.03
+40%
|
|