Canaan Inc
Canaan Inc. engages in the research and development, design, and sale of integrated circuits (IC), and lease of final mining equipment by integrating IC products for bitcoin mining and related components in the People's Republic of China. It is also involved in the assembly and distribution of mining equipment and spare parts; and distribution of edge computing chip products, as well as mining bu… Read more
Canaan Inc (CAN) - Net Assets
Latest net assets as of December 2025: $437.37 Million USD
Based on the latest financial reports, Canaan Inc (CAN) has net assets worth $437.37 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($602.88 Million) and total liabilities ($165.52 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $437.37 Million |
| % of Total Assets | 72.55% |
| Annual Growth Rate | -8.07% |
| 5-Year Change | -19.5% |
| 10-Year Change | N/A |
| Growth Volatility | 250.54 |
Canaan Inc - Net Assets Trend (2017–2025)
This chart illustrates how Canaan Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Canaan Inc (2017–2025)
The table below shows the annual net assets of Canaan Inc from 2017 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $437.37 Million | +64.27% |
| 2024-12-31 | $266.25 Million | -23.53% |
| 2023-12-31 | $348.19 Million | -43.12% |
| 2022-12-31 | $612.13 Million | +12.67% |
| 2021-12-31 | $543.31 Million | +719.92% |
| 2020-12-31 | $66.26 Million | -90.44% |
| 2019-12-31 | $692.79 Million | +187.49% |
| 2018-12-31 | $240.98 Million | -71.89% |
| 2017-12-31 | $857.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Canaan Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 249.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.00K | 0.00% |
| Other Comprehensive Income | $-56.65 Million | -12.95% |
| Other Components | $1.14 Billion | 260.62% |
| Total Equity | $437.37 Million | 100.00% |
Canaan Inc Competitors by Market Cap
The table below lists competitors of Canaan Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Transtrue Technology Inc
SHE:002771
|
$346.95 Million |
|
G2 Goldfields Inc
OTCQX:GUYGF
|
$346.99 Million |
|
International Tower Hill Mines Ltd
NYSE MKT:THM
|
$347.03 Million |
|
Polynovo Ltd
AU:PNV
|
$347.03 Million |
|
PetroChina Jinhong Energy Investment Co Ltd
SHE:000669
|
$346.82 Million |
|
TELUS International
NYSE:TIXT
|
$346.81 Million |
|
Peugeot Invest Société anonyme
PINK:SFFFF
|
$346.78 Million |
|
KAISA JiaYun Technology Inc
SHE:300242
|
$346.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Canaan Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 266,254,000 to 437,368,000, a change of 171,114,000 (64.3%).
- Net loss of 210,267,000 reduced equity.
- Other comprehensive income decreased equity by 14,089,000.
- Other factors increased equity by 395,470,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-210.27 Million | -48.08% |
| Other Comprehensive Income | $-14.09 Million | -3.22% |
| Other Changes | $395.47 Million | +90.42% |
| Total Change | $- | 64.27% |
Book Value vs Market Value Analysis
This analysis compares Canaan Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.49x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.07x to 0.49x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | $6.52 | $0.46 | x |
| 2018-12-31 | $1.83 | $0.46 | x |
| 2019-12-31 | $4.83 | $0.46 | x |
| 2020-12-31 | $0.42 | $0.46 | x |
| 2021-12-31 | $3.16 | $0.46 | x |
| 2022-12-31 | $3.54 | $0.46 | x |
| 2023-12-31 | $2.02 | $0.46 | x |
| 2024-12-31 | $0.98 | $0.46 | x |
| 2025-12-31 | $0.93 | $0.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Canaan Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -48.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.69%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.38x
- Recent ROE (-48.08%) is below the historical average (-33.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 43.84% | 28.73% | 1.09x | 1.40x | $290.09 Million |
| 2018 | 50.81% | 4.53% | 1.93x | 5.82x | $98.33 Million |
| 2019 | -149.32% | -72.72% | 1.43x | 1.43x | $-1.10 Billion |
| 2020 | -49.73% | -48.05% | 0.43x | 2.40x | $-39.58 Million |
| 2021 | 56.77% | 40.00% | 0.87x | 1.63x | $254.11 Million |
| 2022 | 11.50% | 10.73% | 0.94x | 1.14x | $9.12 Million |
| 2023 | -118.95% | -195.84% | 0.43x | 1.42x | $-448.97 Million |
| 2024 | -93.80% | -92.73% | 0.58x | 1.74x | $-276.38 Million |
| 2025 | -48.08% | -39.69% | 0.88x | 1.38x | $-254.00 Million |
Industry Comparison
This section compares Canaan Inc's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $113,456,546,547
- Average return on equity (ROE) among peers: -97.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canaan Inc (CAN) | $437.37 Million | 43.84% | 0.38x | $346.91 Million |
| Acer Incorporated (ACEYY) | $75.03 Billion | -3.88% | 2.02x | $3.26 Billion |
| AGM Group Holdings Inc Class A (AGMH) | $4.25 Million | 55.33% | 1.47x | $2.18 Million |
| AstroNova Inc (ALOT) | $33.90 Million | 8.85% | 0.18x | $46.68 Million |
| Arista Networks (ANET) | $788.15 Million | 15.37% | 0.47x | $141.55 Billion |
| Bgin Blockchain Limited Class A Ordinary Shares (BGIN) | $148.92 Million | 93.81% | 0.29x | $27.51K |
| Braiin Limited Common Stock (BRAI) | $-2.83 Million | 0.00% | 0.00x | $43.54 Million |
| BTC Digital Ltd. (BTCT) | $36.58 Million | -1050.71% | 23.21x | $9.69 Million |
| Canon Inc. (CAJPY) | $945.07 Billion | 3.28% | 1.35x | $24.42 Billion |
| CCUR Holdings Inc (CCUR) | $-1.50 Million | 0.00% | 0.00x | $6.74 Million |