NASDAQ$CAN

Canaan Inc · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

CAN Q4 2023 — $2.6M revenue

These statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements to be materially different from those expressed or impl. Canaan Inc reported Q4 2023 results. Headline numbers extracted from the Form 20-F press release; narrative is light because this row was processed without an LLM call.

  • Revenue: $2.6M.
  • Filed on Form 20-F (accession 0001104659-24-048300).

Headline financials

Total Revenue

$49.1M

Previous: $56.8M-13.6%
EPS (adj)

-$0.30

Previous: -$0.30+0.0%
Capital Expenditures

$3.31M

Previous: $95.1M-96.5%
Net Income

-$139M

Previous: -$84.3M-65.0%
Operating Income

-$86.8M

Previous: -$85.6M-1.4%
Gross Profit

-$54.1M

Previous: -$47.5M-13.9%
R&D Expense

$10.8M

No prior period
Stock-Based Comp

$42.1M

Previous: $407M-89.7%

Revenue & EPS history

Canaan · Revenue · Quarterly

$49.1M

Q4 2023-13.6%vs Q4 2022
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Canaan · $62.7M total across 3 segments · Q1 2026

  • Products Revenue
    $42.9M
  • Mining Revenue
    $19.1M
  • Other Revenues
    $700K

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-2.3%

Avg return

Earnings day

-6.8%

Avg return

5 days after

-9.1%

Avg return

30 days after

36%

10 / 28 earnings

Positive

+24.2%

Q3 2025

Best reaction

-22.1%

Q1 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-13.3%-13.0%-31.8%
Q4 2025-6.9%-19.1%-15.5%
Q3 2025+24.2%+6.7%-8.8%
Q2 2025-4.6%-22.2%-48.3%
Q1 2025-7.5%-22.7%-23.5%
Q4 2024-13.0%-18.7%-22.9%
Q3 2024+14.5%+30.8%+45.9%
Q2 2024+3.3%+19.6%+28.6%
Q1 2024+4.3%-6.8%-12.8%
Q4 2023-6.1%-17.3%-22.8%
Q3 2023-5.3%-5.9%+66.3%
Q2 2023+1.0%+0.0%-12.6%
Q1 2023-22.1%-20.9%-20.9%
Q4 2022+0.0%-7.2%-0.8%
Q3 2022+16.7%+2.6%-7.8%
Q2 2022-5.9%-10.7%-18.2%
Q1 2022-1.3%-5.1%+0.6%
Q4 2021-7.6%-7.8%+4.8%
Q3 2021+3.3%-4.1%-46.6%
Q2 2021-15.5%-20.6%-29.1%
Q1 2021+19.2%+30.6%-9.3%
Q4 2020-21.7%-27.1%-47.2%
Q3 2020-18.3%-35.5%-23.8%
Q2 2020+5.6%-2.5%-5.1%
Q1 2020-15.8%-24.8%-52.4%
Q4 2018-3.5%-9.3%-4.6%
Q4 2017-3.5%-9.3%-4.6%
Q4 2019+14.5%+30.7%+67.3%
Q3 2019
Q2 2019
Q1 2019

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