Canaan (CAN) revenue breakdown
By product, Products is the largest at 95% of fiscal 2022 revenue, growing -22% a year over 3 years.
By region, United States of America is the largest at 42% of fiscal 2025 revenue; Ethiopia grew fastest, 632% a year over 2 years.
Revenue by product
Fiscal years, as Canaan reports them in its 10-K filings; fiscal 2022 total $651M.
| Products | 2017 | 2018 | 2021 | 2022 | Share |
|---|---|---|---|---|---|
| Products | $1.3B | $2.7B | $768M | $619M | 95% |
| Mining | — | — | $3M | $33M | 5% |
| Service | $5M | $6M | — | — | — |
Revenue by region
Fiscal years, as Canaan reports them in its 10-K filings; fiscal 2025 total $530M.
| Regions | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|---|
| United States of America | $46M | $285M | $46M | $4M | $48M | $94M | $28M | $71M | $221M | 42% |
| China | $1.2B | $2.1B | $1.1B | $379M | $276M | $18M | $116M | $68M | $169M | 32% |
| Ethiopia | — | — | — | — | — | — | $1M | $33M | $72M | 14% |
| Hong Kong | — | — | — | — | — | — | — | — | $20M | 4% |
| Canada | — | $26M | $23M | $162,000 | $62M | $18M | $259,000 | $7M | $18M | 3% |
| Singapore | — | — | — | — | — | — | $43,000 | $5M | $12M | 2% |
| Malaysia | — | — | — | — | — | $119M | $15M | $10M | $3M | 1% |
| Ireland | — | — | — | — | — | — | $1,000 | $2,000 | $3M | 1% |
| Netherland | — | — | — | — | — | — | $2,000 | $6M | $3M | 0% |
| Other countries or regions | $52M | $246M | $39M | $4M | $77M | $30M | $26M | $18M | $2M | 0% |
| Georgia | — | — | — | — | — | — | — | $2M | $2M | 0% |
| The United Arab Emirates | — | — | — | — | — | — | $343,000 | $41M | $2M | 0% |
| Kazakhstan | — | — | — | $48M | $110M | $58M | $25M | $8M | $2M | 0% |
| Brazil | — | — | — | — | — | — | $7,000 | $34,000 | $1M | 0% |
| Japan | — | — | $236M | — | — | — | — | — | — | — |
| Indonesia | — | — | — | — | — | $215M | — | — | — | — |
| Australia | — | — | $4M | $114,000 | $56M | $60M | — | — | — | — |
| Cyprus | — | — | — | — | $98M | $36M | — | — | — | — |
| Hong Kong | $12M | $91M | $11M | $12M | — | — | — | — | — | — |
| Thailand | — | — | $171,000 | $31,000 | $45M | $3M | — | — | — | — |
| Sweden | — | — | $326,000 | $8,000 | — | — | — | — | — | — |
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Where does Canaan make its money?
In fiscal 2022, by product: Products $619M, Mining $33M.
From Canaan's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.