The earnings call indicated strong financial performance and growth in key areas such as revenue, gross profit, and Bitcoin production. However, challenges remain, particularly concerning operating losses and the impact of U.S. tariff policies. The company is optimistic about future prospects and is focusing on strategic expansions and product developments.

Company Guidance

During the second quarter of 2025, Canaan Inc. reported impressive financial performance, with total revenue reaching $100.2 million, marking a 40% increase year-over-year, and the highest quarterly revenue in the past 10 quarters. The company achieved a gross profit of $9.3 million, significantly up from $0.6 million in the previous quarter, and an operating loss that narrowed to $27.1 million. EBITDA turned profitable at $1.68 million, while adjusted EBITDA soared to $25.3 million, both setting record highs since Q1 2024. Canaan's product sales contributed approximately $72 million, with $55.9 million from Avalon Industrial Mining Solutions and $5.7 million from the Avalon Home-Use Miner Series, which saw a 359% increase from the prior quarter. The company's self-mining operations produced 284 Bitcoins, generating $28.1 million in revenue, a 15% increase from Q1. Looking ahead, Canaan projected Q3 2025 revenue to range between $125 million and $145 million, reflecting cautious optimism amid ongoing market and policy uncertainties.

Record Quarterly Revenue

Total revenue for Q2 reached $100.2 million, up 40% year-over-year, breaking the $100 million mark.

Strong Growth in Gross Profit

Gross profit rose to $9.3 million, a significant increase from $0.6 million in Q1.

Positive EBITDA

EBITDA turned profitable at $1.68 million and adjusted EBITDA reached $25.3 million, both hitting record highs since Q1 2024.

Significant Increase in Avalon Home Miner Revenue

Revenue from Avalon Home Miners increased 359% from $1.3 million in the previous quarter to $5.7 million.

Growth in Bitcoin Production and Revenue

Self-mining operations produced 284 Bitcoins, up 9.4% from the previous quarter, with mining revenue reaching a record $28.1 million, an increase of over 15%.

Expansion in North America

Manufacturing capability in the U.S. is now operational, complementing existing capacity in Malaysia, and helping meet demand despite tariff challenges.

Canaan (CAN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CAN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 18, 2025	2025 (Q3)	>-0.01 / -	-0.015	―	―	―
Aug 14, 2025	2025 (Q2)	-0.04 / -0.01	-0.035	57.14% (+0.02)
May 20, 2025	2025 (Q1)	-0.07 / -0.27	-0.011	-2354.55% (-0.26)	―
Mar 26, 2025	2024 (Q4)	-0.09 / -0.33	-0.3	-10.00% (-0.03)	―
Nov 20, 2024	2024 (Q3)	-0.09 / -0.01	0.002	-850.00% (-0.02)	―
Aug 15, 2024	2024 (Q2)	-0.02 / -0.04	-0.043	18.60% (<+0.01)	―
May 17, 2024	2024 (Q1)	-0.04 / -0.01	-0.034	67.65% (+0.02)	―
Feb 27, 2024	2023 (Q4)	-0.02 / -0.30	-0.377	20.42% (+0.08)	―
Nov 28, 2023	2023 (Q3)	-0.02 / <0.01	0.003	-33.33% (>-0.01)	―
Aug 29, 2023	2023 (Q2)	0.07 / -0.04	0.035	-222.86% (-0.08)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CAN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 14, 2025	$0.82	$0.78	-4.88%
May 20, 2025	$0.82	$0.76	-7.32%
Mar 26, 2025	$1.08	$0.94	-12.96%
Nov 20, 2024	$1.59	$1.67	+5.03%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Canaan (CAN) report earnings?

Canaan (CAN) is schdueled to report earning on Nov 18, 2025, Before Open (Confirmed).

What is Canaan (CAN) earnings time?

Canaan (CAN) earnings time is at Nov 18, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CAN EPS forecast?

CAN EPS forecast for the fiscal quarter 2025 (Q3) is >-0.01.

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