Canaan Inc (CAN) - Net Assets
Based on the latest financial reports, Canaan Inc (CAN) has net assets worth $292.72 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($446.25 Million) and total liabilities ($153.54 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. Check CAN capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $292.72 Million |
| % of Total Assets | 65.59% |
| Annual Growth Rate | -8.07% |
| 5-Year Change | -87.35% |
| 10-Year Change | N/A |
| Growth Volatility | 243.73 |
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. For live market cap and overall valuation, see Canaan Inc (CAN) total market value.
Annual Net Assets for Canaan Inc (2017–2025)
The table below shows the annual net assets of Canaan Inc from 2017 to 2025. Also explore how fast is Canaan Inc growing its equity to track the company's year-over-year net asset growth rate.
| 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 | -91.64% |
| 2022-12-31 | $4.16 Billion | +20.39% |
| 2021-12-31 | $3.46 Billion | +699.87% |
| 2020-12-31 | $432.40 Million | -37.59% |
| 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 247.1% 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 |
|---|---|
|
Iones Co. Ltd
KQ:114810
|
$236.27 Million |
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class B
IS:KRDMB
|
$236.28 Million |
|
Bosung Power Technology Co. Ltd
KQ:006910
|
$236.38 Million |
|
Adimmune Corp
TW:4142
|
$236.38 Million |
|
Aurora Cannabis Inc
NASDAQ:ACB
|
$236.15 Million |
|
Tatry Mountain Resorts a.s.
PR:TMR
|
$236.11 Million |
|
Eurobio Scientific SA
PA:ALERS
|
$236.10 Million |
|
Blue Bird Tbk PT
JK:BIRD
|
$236.05 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.
- Share repurchases of 5,000,000 reduced equity.
- New share issuances of 221,460,000 increased equity.
- Other comprehensive income decreased equity by 14,089,000.
- Other factors increased equity by 179,010,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-210.27 Million | -48.08% |
| Share Repurchases | $5.00 Million | -1.14% |
| Share Issuances | $221.46 Million | +50.63% |
| Other Comprehensive Income | $-14.09 Million | -3.22% |
| Other Changes | $179.01 Million | +40.93% |
| 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: 0.40x
- 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 0.06x to 0.40x 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 | $6.60 | $0.37 | x |
| 2018-12-31 | $1.83 | $0.37 | x |
| 2019-12-31 | $4.78 | $0.37 | x |
| 2020-12-31 | $2.77 | $0.37 | x |
| 2021-12-31 | $20.14 | $0.37 | x |
| 2022-12-31 | $24.23 | $0.37 | x |
| 2023-12-31 | $2.02 | $0.37 | x |
| 2024-12-31 | $0.98 | $0.37 | x |
| 2025-12-31 | $0.93 | $0.37 | 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 (-32.93%), 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 | 43.30% | 28.73% | 1.09x | 1.39x | $289.02 Million |
| 2018 | 50.81% | 4.53% | 1.93x | 5.82x | $98.33 Million |
| 2019 | -150.88% | -72.72% | 1.43x | 1.45x | $-1.10 Billion |
| 2020 | -47.03% | -45.44% | 0.43x | 2.40x | $-246.59 Million |
| 2021 | 56.77% | 40.00% | 0.87x | 1.63x | $1.62 Billion |
| 2022 | 11.50% | 10.73% | 0.95x | 1.13x | $62.47 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: $537,441,523
- Average return on equity (ROE) among peers: 7.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Canaan Inc (CAN) | $292.72 Million | 43.30% | 0.52x | $236.25 Million |
| AGM Group Holdings Inc Class A (AGMH) | $11.85 Million | -13.19% | 0.22x | $1.64 Million |
| AstroNova Inc (ALOT) | $69.78 Million | 8.21% | 0.71x | $227.32 Million |
| PRODWAYS GROUP (ALPWG) | $63.39 Million | -22.00% | 0.76x | $19.24 Million |
| AMC Robotics Corporation (AMCI) | $-2.33 Million | 0.00% | 0.00x | $76.12 Million |
| Arista Networks (ANET) | $3.32 Billion | 19.11% | 0.43x | $171.79 Billion |
| Braiin Limited Common Stock (BRAI) | $-1.13 Million | 0.00% | 0.00x | $382.64 Million |
| BTC Digital Ltd. (BTCT) | $132.97 Million | 39.87% | 0.57x | $14.56 Million |
| Cricut Inc (CRCT) | $673.98 Million | 20.84% | 0.49x | $300.36 Million |
| Corsair Gaming Inc (CRSR) | $568.18 Million | 17.77% | 1.35x | $842.23 Million |
About Canaan Inc
Canaan Inc. engages in the research and development, design, and sale of integrated circuits, and bitcoin mining equipment and related components. The company is involved in the assembly and distribution of mining equipment and spare parts; and mining business. It has operations in the United States, Mainland China, the United Arab Emirates, Ethiopia, Hong Kong Special Administrative Region, Mala… Read more