Similar companies
Income Statement (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Revenue | 100M | 21.1% |
| Gross Profit | 9.3M | 1340.6% |
| Cost of Revenue | 91M | 10.7% |
| Operating expense | 128M | 234.8% |
| Net Income | -11M | 87.2% |
Balance Sheet (USD)
| Q2 '25 | QoQ | |
|---|---|---|
| Total Assets | 592M | 4.7% |
| Total Liabilities | 269M | 16.3% |
| Total Equity | 324M | 32.3% |
| Shares Outstanding | 7.35B | 2187.3% |
Cash Flow (USD)
| Q2 '25 | QoQ |
|---|
EPS
Financial Highlights for Canaan in Q2 '25
Canaan reported a revenue of 100M, which is a 21.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 9.3M, marking a 1340.6% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 91M, a 10.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 128M, showing a 234.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -11M, showing a 87.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Canaan with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
