# Canaan Inc.: Form 20-F for the period ended Dec 31, 2023

- Company: [Canaan Inc.](/companies/can.md) (CIK 1780652)
- Form: 20-F
- Filed: 2024-04-17
- Accepted by EDGAR: Apr 17, 2024, 20:01 ET
- Period: 2023-12-31
- Accession: 0001104659-24-048300
- Inline XBRL: yes
- Main document: https://www.sec.gov/Archives/edgar/data/1780652/000110465924048300/can-20231231x20f.htm
- All documents and exhibits: https://www.sec.gov/Archives/edgar/data/1780652/000110465924048300/

## Figures reported in this filing

Standardized XBRL line items for the period ended 2023-12-31.

| Line item | Period | Value | XBRL concept |
| --- | --- | ---: | --- |
| Revenue | 12 months, 2023-01-01 to 2023-12-31 | $211.5m | us-gaap:Revenues |
| Cost of revenue | 12 months, 2023-01-01 to 2023-12-31 | $452.3m | us-gaap:CostOfRevenue |
| Gross profit | 12 months, 2023-01-01 to 2023-12-31 | −$240.8m | us-gaap:GrossProfit |
| Research and development | 12 months, 2023-01-01 to 2023-12-31 | $64.8m | us-gaap:ResearchAndDevelopmentExpense |
| Operating income | 12 months, 2023-01-01 to 2023-12-31 | −$410.9m | us-gaap:OperatingIncomeLoss |
| Income tax | 12 months, 2023-01-01 to 2023-12-31 | −$51.3m | us-gaap:IncomeTaxExpenseBenefit |
| Net income | 12 months, 2023-01-01 to 2023-12-31 | −$414.2m | us-gaap:NetIncomeLoss |
| Diluted EPS | 12 months, 2023-01-01 to 2023-12-31 | −$16.06 | us-gaap:EarningsPerShareDiluted |
| Basic EPS | 12 months, 2023-01-01 to 2023-12-31 | −$16.06 | us-gaap:EarningsPerShareBasic |
| Diluted shares (weighted) | 12 months, 2023-01-01 to 2023-12-31 | 2,579,202,596 shares | us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding |
| Operating cash flow | 12 months, 2023-01-01 to 2023-12-31 | −$123.6m | us-gaap:NetCashProvidedByUsedInOperatingActivities |
| Capital expenditure | 12 months, 2023-01-01 to 2023-12-31 | $3.3m | us-gaap:PaymentsToAcquirePropertyPlantAndEquipment |
| Current assets | at 2023-12-31 | $363.7m | us-gaap:AssetsCurrent |
| Total assets | at 2023-12-31 | $493.3m | us-gaap:Assets |
| Current liabilities | at 2023-12-31 | $135.2m | us-gaap:LiabilitiesCurrent |
| Total liabilities | at 2023-12-31 | $145.1m | us-gaap:Liabilities |
| Shareholders' equity | at 2023-12-31 | $348.2m | us-gaap:StockholdersEquity |

## Sections

Sections are extracted only from 10-K and 10-Q reports. Read this filing’s documents on sec.gov. https://www.sec.gov/Archives/edgar/data/1780652/000110465924048300/can-20231231x20f.htm

Filed Apr 17, 2024.
Source: SEC EDGAR, the filing index for accession 0001104659-24-048300. Last ingested by Listed: Oct 24, 2026, 15:07 ET. No prices; not investment advice.