Canaan Inc. reported earnings results for the first quarter ended March 31, 2025. For the first quarter, the company reported revenue was USD 82.78 million compared to USD 35.09 million a year ago. Net loss was USD 86.43 million compared to USD 39.39 million a year ago.
Basic loss per share from continuing operations was USD 26.85 compared to USD 15.9 a year ago. Diluted loss per share from continuing operations was USD 26.85 compared to USD 15.9 a year ago.