Quick Answer
Canaan Inc. reported R&D Expense of $61.32 million for fiscal year 2024.
Canaan Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $61.32M | -5.4% |
| 2023 | $64.84M | -20.7% |
| 2022 | $81.75M | +56.7% |
| 2021 | $52.17M | -62.7% |
| 2020 | $140.04M | -17.1% |
| 2019 | $168.98M | -10.9% |
| 2018 | $189.68M | +90.1% |
| 2017 | $99.77M | — |
- Canaan Inc. showed a decrease of -5.4% in R&D Expense compared to the prior fiscal year.
- Over the 2017–2024 period, Canaan Inc.’s r&d expense has declined by 38.5% (from $99.77 million to $61.32 million).
- The most recent figure is from Canaan Inc.’s fiscal year 2024 report (Form 20-F), filed with the SEC on April 18, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
Last verified: