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Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment as well as 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.
2013
445
LTM Revenue $409M
LTM EBITDA -$27.4M
$278M
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Canaan has a last 12-month revenue of $409M and a last 12-month EBITDA of -$27.4M.
In the most recent fiscal year, Canaan achieved revenue of $211M and an EBITDA of -$325M.
Canaan expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Canaan valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $635M | $211M | XXX | XXX | XXX |
| Gross Profit | $447M | $224M | XXX | XXX | XXX |
| Gross Margin | 70% | 106% | XXX | XXX | XXX |
| EBITDA | $121M | -$325M | XXX | XXX | XXX |
| EBITDA Margin | 19% | -154% | XXX | XXX | XXX |
| Net Profit | $314M | $70.5M | XXX | XXX | XXX |
| Net Margin | 49% | 33% | XXX | XXX | XXX |
| Net Debt | n/a | n/a | XXX | XXX | XXX |
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As of April 15, 2025, Canaan's stock price is $1.
Canaan has current market cap of $280M, and EV of $278M.
See Canaan trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $278M | $280M | XXX | XXX | XXX | XXX | $-0.36 |
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Sign UpAs of April 15, 2025, Canaan has market cap of $280M and EV of $278M.
Canaan's trades at 0.7x LTM EV/Revenue multiple, and -10.2x LTM EBITDA.
Analysts estimate Canaan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Canaan and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $278M | XXX | XXX | XXX |
| EV/Revenue | 1.3x | XXX | XXX | XXX |
| EV/EBITDA | -0.9x | XXX | XXX | XXX |
| P/E | -0.7x | XXX | XXX | XXX |
| P/E/Growth | n/a | XXX | XXX | XXX |
| EV/FCF | -2.2x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpCanaan's NTM/LTM revenue growth is 105%
Canaan's revenue per employee for the last fiscal year averaged $0.5M, while opex per employee averaged $0.3M for the same period.
Over next 12 months, Canaan's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Canaan's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Canaan and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -67% | XXX | XXX | XXX | XXX |
| EBITDA Margin | -154% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -368% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | -49% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $0.5M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.3M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 4% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 34% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 68% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| ASML | XXX | XXX | XXX | XXX | XXX | XXX |
| Besi | XXX | XXX | XXX | XXX | XXX | XXX |
| Signify | XXX | XXX | XXX | XXX | XXX | XXX |
| Nedap | XXX | XXX | XXX | XXX | XXX | XXX |
| TKH Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Canaan acquired XXX companies to date.
Last acquisition by Canaan was XXXXXXXX, XXXXX XXXXX XXXXXX . Canaan acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Canaan founded? | Canaan was founded in 2013. |
| Where is Canaan headquartered? | Canaan is headquartered in United States of America. |
| How many employees does Canaan have? | As of today, Canaan has 445 employees. |
| Who is the CEO of Canaan? | Canaan's CEO is Mr. Nangeng Zhang. |
| Is Canaan publicy listed? | Yes, Canaan is a public company listed on NAS. |
| What is the stock symbol of Canaan? | Canaan trades under CAN ticker. |
| When did Canaan go public? | Canaan went public in 2019. |
| Who are competitors of Canaan? | Similar companies to Canaan include e.g. ASML, Besi, Signify, Nedap. |
| What is the current market cap of Canaan? | Canaan's current market cap is $280M |
| What is the current revenue of Canaan? | Canaan's last 12-month revenue is $409M. |
| What is the current EBITDA of Canaan? | Canaan's last 12-month EBITDA is -$27.4M. |
| What is the current EV/Revenue multiple of Canaan? | Current revenue multiple of Canaan is 0.7x. |
| What is the current EV/EBITDA multiple of Canaan? | Current EBITDA multiple of Canaan is -10.2x. |
| What is the current revenue growth of Canaan? | Canaan revenue growth between 2023 and 2024 was -67%. |
| Is Canaan profitable? | Yes, Canaan is EBITDA-positive (as of the last 12 months). |
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