Canaan Inc. Reports Increase in Product Revenues to $130.2 Million for H1 2025

Reuters

09/06

Canaan Inc. Reports Increase in Product Revenues to $130.2 Million for H1 2025

Canaan Inc. has released its financial results for the six months ended June 30, 2025. The company's products revenue increased significantly to $130.2 million from $85.2 million reported for the same period in 2024. Despite the rise in revenue, Canaan Inc. reported a net loss, with an accumulated deficit increasing from $450.5 million in 2024 to $548 million in 2025. Share-based compensation expenses were notable, with general and administrative expenses amounting to $10.7 million, up from $10 million in the previous year. The company's total shareholders' equity rose to $323.6 million compared to $266.3 million in 2024. The financial report highlights significant judgments and estimates in areas such as warrant liability, valuation of convertible preferred shares, and impairment of property, equipment, and software, reflecting the complexity of the company's financial landscape.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Canaan Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-087782), on September 05, 2025, and is solely responsible for the information contained therein.

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Reports Increase in Product Revenues to $130.2 Million for H1 2025\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time smaller\">2025-09-06 04:02</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      Canaan Inc. Reports Increase in Product Revenues to $130.2 Million for H1 2025\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        Canaan Inc. has released its financial results for the six months ended June 30, 2025. The company's products revenue increased significantly to $130.2 million from $85.2 million reported for the same period in 2024. Despite the rise in revenue, Canaan Inc. reported a net loss, with an accumulated deficit increasing from $450.5 million in 2024 to $548 million in 2025. Share-based compensation expenses were notable, with general and administrative expenses amounting to $10.7 million, up from $10 million in the previous year. The company's total shareholders' equity rose to $323.6 million compared to $266.3 million in 2024. 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ID: 0001104659-25-087782), on September 05, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CAN","symbol_name":"嘉楠科技","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250905:nNDL1VT1KZ:1","article_id":"2565980615","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2565980615","pubTimestamp":1757102534,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Canaan Inc. has released its financial results for the six months ended June 30, 2025. 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Despite the rise in revenue, Canaan Inc. reported a net loss, with an accumulated deficit increasing from $450.5 million in 2024 to $548 million in 2025. Share-based compensation expenses were notable, with general and administrative expenses amounting to $10.7 million, up from $10 million in the previous year. The company's total shareholders' equity rose to $323.6 million compared to $266.3 million in 2024. The financial report highlights significant judgments and estimates in areas such as warrant liability, valuation of convertible preferred shares, and impairment of property, equipment, and software, reflecting the complexity of the company's financial landscape.\n      \n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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