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Canaan's gross profit for the
three
months ended in Mar. 2026 was $-22.9 Mil. Canaan's gross profit for the trailing twelve months (TTM) ended in Mar. 2026 was $17.6 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Canaan's gross profit for the
three
months ended in Mar. 2026 was $-22.9 Mil. Canaan's Revenue for the
three
months ended in Mar. 2026 was $62.7 Mil. Therefore, Canaan's Gross Margin % for the quarter that ended in Mar. 2026 was -36.54%.
Canaan had a gross margin of -36.54% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
During the past 9 years, the highestGross Margin % of Canaan was 57.17%. The lowest was -113.86%. And the median was 8.44%.
Canaan (NAS:CAN) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Canaan had a gross margin of -36.54% for the quarter that ended in Mar. 2026 => No sustainable competitive advantage
Canaan Gross Profit Related Terms
Canaan Gross Profit Historical Data
* Premium members only.
The historical data trend for Canaan's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Computer Hardware subindustry, Canaan's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Canaan Gross Profit vs Hardware Industry
For the Hardware industry and Technology sector, Canaan's Gross Profit distribution charts can be found below:
* The bar in red indicates where Canaan's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $17.6 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Canaan's Gross Margin % for the quarter that ended in Mar. 2026 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Canaan (CAN) has a Gross Profit of $17.6 Mil as of Mar. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on Canaan and its competitors.
Is Canaan's Gross Profit too high?
Canaan's current Gross Profit is $17.6 Mil. Overall, Canaan has a GF Score™ of 39/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Canaan's Gross Profit compare to ALOT and BGIN?
Canaan's Gross Profit of $17.6 Mil can be compared against companies in the Hardware industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for a Hardware company?
A good Gross Profit depends on the Hardware industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on Canaan and its competitors. Canaan's current Gross Profit is $17.6 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Canaan stock overvalued right now?
Based on GuruFocus' analysis, Canaan (CAN) is currently considered Possible Value Trap. The stock's GF Value™ is $0.64, compared to a current price of $0.28 — trading 56.9% below its estimated fair value. The current Gross Profit is $17.6 Mil. Canaan's overall GF Score™ is 39/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For Canaan (CAN), the current Gross Profit is $17.6 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Canaan (CAN) Overvalued in 2026?
Based on GuruFocus' analysis, Canaan stock appears to be undervalued.
The current stock price of $0.28 is trading 56.9% below its estimated GF Value™ of $0.64.
GuruFocus considers Canaan to be Possible Value Trap.
Key valuation signals for CAN:
Gross Profit: $17.6 Mil
GF Value™: $0.64 vs. price of $0.28 (56.9% below fair value)
No single metric tells the full story. See the CAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Canaan Inc is a developer of supercomputing chips and the manufacturer of digital blockchain computing equipment and the supplier of the overall scheme for computer software and hardware of digital blockchain. The revenues of the company are derived from the sales of Bitcoin mining machines and related parts and accessories. Geographically, the company derives its maximum revenue from United States.
39GF Score
Get the complete analysis for CAN
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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