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Canaan (CAN) earnings
Canaan earnings: last reported Tue, 8 Sep 2026, for the quarter ended Jun 2026.
Canaan earnings callsCanaan earnings calls (CAN)
Latest concall · Q2 2026 · call held call held 08 Sept 2026
Canaan Q2 FY26 — Revenue Miss, Strategic Capital Allocation, and Gigawatt Power Ambition
What went well
- Digital assets treasury reached a record high with 1,915 BTC and 3,952 ETH, valued at $112 million as of June 30.
- Cash position improved to $66 million, up $23 million from Q1 FY26, despite lower revenue.
- Mining operations generated $18 million in revenue, accounting for 55% of total revenue, with a 20% gross margin (excluding depreciation).
What to watch
- Total revenues of approximately $32 million were below guidance range of $35 million to $45 million.
- Miner sales weakened noticeably and elevated industry inventory levels intensified price competition, impacting product revenue of $14 million.
Performance −60.2% 1Y
1Y: $0.88 on 29 Sept 2025 → $0.35. High $2.05 (20 Oct 2025), low $0.17 (31 Jul 2026).
Balance sheet
| Year ending | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|
| Equity capital | $1.0K | $1.0K | $1.0K | — | — | — |
| Reserves | -$183.25M | $126.06M | $194.52M | -$219.63M | -$450.49M | -$660.76M |
| Total liabilities | $92.54M | $341.08M | $77.30M | $145.11M | $196.76M | $165.52M |
| Fixed assets | $1.87M | $29.12M | $85.35M | $29.47M | $40.16M | $44.03M |
| Investments | $9.56M | — | — | — | — | — |
| Total assets | $158.83M | $883.82M | $684.96M | $493.30M | $463.01M | $602.88M |
How to read this
As filed on each reporting date, including interim balance sheets. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Insider filings
No filings in the last 12 months.
No officer, director or 10% owner of CAN filed a Form 4 in this window. That is a statement about filings, not about ownership — see the note below.
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.