Canaan (CAN) Revenue & Revenue Breakdown
Canaan Revenue Highlights
Latest Revenue (Y)
$211.48M
Latest Revenue (Q)
$35.09M
Main Segment (Y)
Product
Main Geography (Y)
CHINA
Canaan Revenue by Period
Canaan Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $211.48M | -95.17% |
| 2022-12-31 | $4.38B | 459.72% |
| 2021-12-31 | $782.34M | 1041.71% |
| 2020-12-31 | $68.52M | -66.30% |
| 2019-12-31 | $203.32M | -92.48% |
| 2018-12-31 | $2.71B | 106.81% |
| 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
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $35.09M | -28.49% |
| 2023-12-31 | $49.07M | 47.28% |
| 2023-09-30 | $33.32M | -54.88% |
| 2023-06-30 | $73.85M | 33.71% |
| 2023-03-31 | $55.23M | -85.91% |
| 2022-12-31 | $391.93M | -59.93% |
| 2022-09-30 | $978.21M | -40.81% |
| 2022-06-30 | $1.65B | 21.87% |
| 2022-03-31 | $1.36B | 295.69% |
| 2021-12-31 | $342.72M | -73.99% |
| 2021-09-30 | $1.32B | 21.80% |
| 2021-06-30 | $1.08B | 168.58% |
| 2021-03-31 | $402.77M | 6780.31% |
| 2020-12-31 | $5.85M | -96.41% |
| 2020-09-30 | $163.04M | -8.47% |
| 2020-06-30 | $178.13M | 160.90% |
| 2020-03-31 | $68.27M | 3.12% |
| 2019-12-31 | $66.21M | -90.13% |
| 2019-09-30 | $670.61M | 177.63% |
| 2019-06-30 | $241.55M | 411.55% |
| 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/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Mining | $33.96M | - | - | - | - |
| Product | $176.90M | $4.16B | $4.96B | $427.52M | $1.39B |
| Grant | - | $19.23M | - | - | - |
| Service | - | - | $224.00K | $300.00K | $2.67M |
Canaan's latest annual revenue breakdown by segment (product or service), as of Dec 23: Product (83.90%), and Mining (16.10%).
Canaan Revenue Breakdown by Country
Annual Revenue by Country
| Country | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| INDONESIA | $300.00K | $1.45B | - | - | - |
| AUSTRALIA | $9.00K | $405.81M | $361.38M | - | - |
| CANADA | $259.00K | $122.80M | $402.49M | $162.00K | $22.74M |
| CHINA | $115.53M | $122.77M | $1.78B | $379.42M | $1.06B |
| KAZAKHSTAN | $24.57M | $386.77M | $711.60M | $47.79M | - |
| CYPRUS | $7.00K | $243.50M | $633.32M | - | - |
| MALAYSIA | $15.33M | $802.06M | - | - | - |
| Other Foreign Countries | $23.68M | $10.53M | $256.16M | $4.49M | $42.79M |
| THAILAND | $3.70M | $18.64M | $289.01M | - | - |
| UNITED STATES | $28.10M | $631.24M | $312.72M | $3.53M | $46.05M |
| SWEDEN | - | $6.29M | $152.13M | - | - |
| HONG KONG | - | $149.49M | $87.97M | $12.30M | $11.22M |
| JAPAN | - | - | $3.00K | $236.21M | - |
Canaan's latest annual revenue breakdown by geography, as of Dec 23: CHINA (54.63%), UNITED STATES (13.29%), KAZAKHSTAN (11.62%), Other Foreign Countries (11.20%), MALAYSIA (7.25%), THAILAND (1.75%), INDONESIA (0.14%), CANADA (0.12%), AUSTRALIA (0.00%), and CYPRUS (0.00%).
Canaan Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| DELL | Dell | $88.42B | $25.03B |
| HPQ | HP | $53.72B | $13.52B |
| NTAP | NetApp | $6.27B | $1.54B |
| SMCI | Super Micro Computer | $5.84B | $3.85B |
| LOGI | Logitech | $4.22B | $1.11B |
| PSTG | Pure Storage | $2.83B | $763.77M |
| SSYS | Stratasys | $627.60M | $144.05M |
| DDD | 3D Systems | $488.07M | $113.25M |
| CAN | Canaan | $211.48M | $35.09M |
| DM | Desktop Metal | $189.70M | $36.41M |
| VLD | Velo3D | $77.56M | $10.34M |
| NNDM | Nano Dimension | $56.31M | $13.51M |
| IONQ | IonQ | $22.04M | $7.58M |
| RGTI | Rigetti Computing | $12.01M | $3.09M |
| QBTS | D-Wave Quantum | $8.76M | $2.18M |
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 23 are Mining, and Product. Mining generated $33.96M in revenue, accounting 16.10% of the company's total revenue Product generated $176.9M in revenue, accounting 83.90% of the company's total revenue, down -95.75% year-over-year.
What is Canaan’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Canaan was Product. This segment made a revenue of $176.9M, representing 83.90% of the company's total revenue.