Canaan (MEX:CAN) Research & Development: MXN1,092 Mil (TTM As of Mar. 2026)


MEX:CAN Canaan Inc MEX:CAN
52 GF Score
Price MXN6.20
GF Value MXN13.72
Valuation Possible Value Trap
! 2 Warning Signs
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What is Canaan Research & Development?

Canaan MEX:CAN 52 Research & Development is MXN1,092 Mil as of Mar. 2026. GuruFocus rates MEX:CAN with a GF Score™ of 52/100 and a GF Value™ of MXN13.72 (Possible Value Trap). The stock has 2 warning signs investors should review.

Research & Development is the aggregate amount of research and development expenses during the year. Canaan's Research & Development for the three months ended in Mar. 2026 was MXN278 Mil. Its Research & Development for the trailing twelve months (TTM) ended in Mar. 2026 was MXN1,092 Mil.

Canaan  (MEX:CAN) Research & Development Explanation

If competitive advantage is created by a patent or tech advantage, at some point it will disappear.

High R&D usually dictates high SG&A which threatens the competitive advantage.

Canaan Research & Development Related Terms

Canaan Research & Development Historical Data

* Premium members only.

The historical data trend for Canaan's Research & Development 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.

Canaan Research & Development Chart

Canaan Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Research & Development
Get a 7-Day Free Trial Premium Member Only 1,070.26 1,593.90 1,100.70 1,278.93 1,136.97

Canaan Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Research & Development Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 387.62 308.91 299.67 206.27 277.52
MEX:CAN
52GF Score
Canaan Inc MEX:CAN
Research & Development is just one metric. See GF Score™, valuation, warning signs, and more.
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Canaan Research & Development Calculation

This is the expense the company spent on research and development.

Research & Development 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 MXN1,092 Mil.

* 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.

Frequently Asked Questions Learn more about Research & Development →
What does a Research & Development of MXN1,092 Mil mean?
Canaan (MEX:CAN) has a Research & Development of MXN1,092 Mil as of Mar. 2026. Research and development expense is the total cost for research and development activities. View historical data on Canaan and its competitors.
Is Canaan's Research & Development too high?
Canaan's current Research & Development is MXN1,092 Mil. Overall, Canaan has a GF Score™ of 52/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Canaan's Research & Development compare to BGIN and NNDM?
Canaan's Research & Development of MXN1,092 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 Research & Development for a Hardware company?
A good Research & Development depends on the Hardware industry context. However, Research & Development 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 Research & Development mean?
A high Research & Development can signal that a stock is expensive relative to its fundamentals. Research and development expense is the total cost for research and development activities. View historical data on Canaan and its competitors. Canaan's current Research & Development is MXN1,092 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 (MEX:CAN) is currently considered Possible Value Trap. The stock's GF Value™ is MXN13.72, compared to a current price of MXN6.20 — trading 54.8% below its estimated fair value. The current Research & Development is MXN1,092 Mil. Canaan's overall GF Score™ is 52/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Research & Development calculated?
Research & Development is calculated from a company's financial statements. For Canaan (MEX:CAN), the current Research & Development is MXN1,092 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 (MEX:CAN) Overvalued in 2026?

Based on GuruFocus' analysis, Canaan stock appears to be undervalued. The current stock price of MXN6.20 is trading 54.8% below its estimated GF Value™ of MXN13.72. GuruFocus considers Canaan to be Possible Value Trap.

Key valuation signals for MEX:CAN:

  • Research & Development: MXN1,092 Mil
  • GF Value™: MXN13.72 vs. price of MXN6.20 (54.8% below fair value)
  • GF Score™: 52/100 with 2 warning signs

No single metric tells the full story. See the MEX:CAN stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Canaan Business Description

Other Exchanges CAN:USA35J:Germany
Address 28 Ayer Rajah Crescent, No. 06-08, Singapore, SGP, S139959
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.
52GF Score

Get the complete analysis for MEX:CAN

Research & Development is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN6.20
Price
MXN13.72
GF Value