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.
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