Canaan Valuation Multiples

Canaan Overview

About Canaan

Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.

Founded

2013

HQ

Employees

463

Website

canaan.io

Sectors

Computer HardwareSemiconductorsDeepTech

Financials (LTM)

Revenue: $506M

EBITDA: ($44M)

EV

$329M

Valuation Multiples

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Canaan Financials

Canaan reported last 12-month revenue of $506M and negative EBITDA of ($44M).

In the same LTM period, Canaan generated $41M in gross profit, ($44M) in EBITDA losses, and had net loss of ($181M).

Canaan P&L

In the most recent fiscal year, Canaan reported revenue of $269M and EBITDA of ($143M).

Canaan expects next 12-month revenue of XXX and NTM EBITDA of XXX

Canaan Stock Performance

Canaan has current market cap of $355M, and enterprise value of $329M.

Canaan's stock price is $0.54.

Canaan Valuation Multiples

Canaan trades at 0.7x EV/Revenue multiple, and (7.5x) EV/EBITDA.

Canaan Financial Valuation Multiples

As of April 8, 2026, Canaan has market cap of $355M and EV of $329M.

Equity research analysts estimate Canaan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Canaan has a P/E ratio of (2.0x).

Canaan Margins & Growth Rates

Canaan's revenue in the last 12 month grew by 2%.

Canaan's revenue per employee in the last FY averaged $0.6M, while opex per employee averaged $0.3M for the same period.

Canaan's rule of 40 is (22%) (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Canaan's rule of X is (48%) (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Canaan Public Comps

See public comps and valuation multiples for other Computer Hardware and Semiconductors comps.

Canaan M&A Activity

Canaan acquired XXX companies to date.

Last acquisition by Canaan was on XXXXXXXX, XXXXX. Canaan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Canaan Investment Activity

Canaan invested in XXX companies to date.

Canaan made its latest investment on XXXXXXXX, XXXXX. Canaan invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).