NYSE : CANG
Cango Inc. — Financial statements
Financials · Capital Markets · United States
Last price 1.2 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 49.23M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Cango Inc. (CANG) reported revenue of 556.87M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 9.83M | 9.83M | 285.58M | 614.84M | ||
| Other Revenue | 547.04M | 678.25M | 89.91M | 1.56M | 2.50M | |
| Revenue | 556.87M | 688.08M | 89.91M | 287.14M | 617.34M | |
| Cost of Revenue | 587.14M | 661.61M | 75.80M | 311.64M | 497.66M | |
| Gross Profit | -30.27M | 26.47M | 14.11M | -24.50M | 119.68M | |
| Selling, General & Admin | 31.52M | 28.90M | 15.81M | 7.02M | 62.68M | 81.15M |
| Research & Development | 6.66M | 11.06M | ||||
| Operating Expenses | 31.52M | 28.90M | 15.81M | 7.02M | 69.34M | 92.21M |
| Operating Income | -61.78M | -2.43M | -1.70M | -7.02M | -93.85M | 27.47M |
| Interest Expense | -23.90M | -19.97M | -93.28K | -37.00 | -2.44M | -2.28M |
| Interest & Investment Income | 1.03M | 2.02M | 9.45M | 9.27M | 6.34M | 4.15M |
| Currency Exchange Gain (Loss) | -217.91K | -225.38K | -125.00 | -26.32K | 858.06K | 212.73K |
| Other Non Operating Income (Expenses) | -300.91M | -93.06M | -2.91M | 726.93K | -36.28M | -25.57M |
| EBT Excluding Unusual Items | -385.79M | -113.67M | 4.76M | 2.95M | -125.37M | 3.98M |
| Gain (Loss) on Sale of Investments | -6.49K | -1.42M | -2.05M | |||
| Asset Writedown | -173.32M | -338.28M | ||||
| Pretax Income | -587.96M | -451.95M | 4.76M | 2.94M | -126.79M | 1.94M |
| Income Tax Expense | 2.41M | 842.02K | 34.32M | 3.28M | ||
| Earnings From Continuing Operations | -590.38M | -452.79M | 4.76M | 2.94M | -161.11M | -1.35M |
| Earnings From Discontinued Operations | -6.69M | -169.16M | 36.89M | -8.42M | ||
| Net Income to Company | -597.07M | -621.95M | 41.65M | -5.48M | -161.11M | -1.35M |
| Net Income | -597.07M | -621.95M | 41.65M | -5.48M | -161.11M | -1.35M |
| Net Income to Common | -597.07M | -621.95M | 41.65M | -5.48M | -161.11M | -1.35M |
| Shares Outstanding (Basic) | 37.01M | 28.33M | 20.82M | 24.30M | 27.41M | 28.99M |
| Shares Outstanding (Diluted) | 37.01M | 28.33M | 23.30M | 25.39M | 27.41M | 28.99M |
| EPS (Basic) | -16.13 | -21.95 | 2.00 | -0.23 | -5.88 | -0.05 |
| EPS (Diluted) | -16.14 | -21.97 | 1.78 | -0.23 | -5.88 | -0.05 |
| Free Cash Flow | -224.61M | -168.93M | 146.30M | -82.93M | -66.64M | |
| Free Cash Flow Per Share | -7.93 | -7.25 | 5.76 | -3.03 | -2.30 | |
| Gross Margin | -5.44% | 3.85% | 15.69% | -8.53% | 19.39% | |
| Operating Margin | -11.09% | -0.35% | -1.89% | -32.68% | 4.45% | |
| Profit Margin | -107.22% | -90.39% | 46.33% | -56.11% | -0.22% | |
| Free Cash Flow Margin | -32.64% | -187.89% | -28.88% | -10.79% | ||
| EBITDA | 70.53M | 114.57M | 10.15M | -6.91M | -93.05M | 28.72M |
| EBITDA Margin | 12.67% | 16.65% | 11.29% | -32.41% | 4.65% | |
| D&A For EBITDA | 132.31M | 117.01M | 11.85M | 108.96K | 794.97K | 1.25M |
| EBIT | -61.78M | -2.43M | -1.70M | -7.02M | -93.85M | 27.47M |
| EBIT Margin | -11.09% | -0.35% | -1.89% | -32.68% | 4.45% | |
| Effective Tax Rate | 169.42% | |||||
| Revenue as Reported | 556.87M | 688.08M | 89.91M | 287.14M | 617.34M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 10.12M | 41.24M | 90.43M | 143.93M | 54.94M | 225.86M |
| Short-Term Investments | 40.05M | 89.56M | 281.48M | 391.06M | ||
| Cash & Short-Term Investments | 10.12M | 41.24M | 130.48M | 233.49M | 336.42M | 616.92M |
| Accounts Receivable | 1.82M | 2.73M | 3.52M | 61.66M | 227.86M | 389.34M |
| Other Receivables | 84.54M | 13.32M | 43.77M | 18.62M | ||
| Receivables | 1.82M | 2.73M | 88.06M | 74.98M | 271.63M | 407.96M |
| Inventory | 628.91K | |||||
| Prepaid Expenses | 54.21M | 3.55M | 25.00M | 355.21K | 1.25M | 1.57M |
| Restricted Cash | 2.02M | 22.14M | 9.65M | |||
| Other Current Assets | 55.00M | 76.97M | 230.20M | 236.90M | 161.69M | 161.51M |
| Total Current Assets | 121.15M | 125.12M | 473.74M | 547.75M | 793.13M | 1.20B |
| Property, Plant & Equipment | 82.75M | 269.62M | 243.06M | 7.81M | 13.83M | 3.08M |
| Goodwill | 21.55M | 23.40M | ||||
| Other Intangible Assets | 277.74K | 292.84K | 6.82M | 7.01M | 7.23M | |
| Long-Term Accounts Receivable | 10.26M | 62.85M | 240.01M | |||
| Long-Term Deferred Tax Assets | 9.06M | 74.70M | ||||
| Other Long-Term Assets | 90.20M | 737.95M | 100.98M | 82.94M | 109.83M | 177.21M |
| Total Assets | 294.39M | 1.13B | 817.78M | 655.57M | 1.02B | 1.72B |
| Accounts Payable | 948.35K | 3.36M | 21.53M | 28.10M | ||
| Accrued Expenses | 24.14M | 84.16M | 169.27M | 3.42M | 8.87M | 15.05M |
| Short-Term Debt | 8.03M | 17.07M | 5.51M | 50.64M | 91.27M | |
| Current Portion of Long-Term Debt | 130.62K | 81.94M | 147.66M | |||
| Current Portion of Leases | 559.17K | 573.96K | 180.24K | 1.07M | 1.44M | |
| Current Income Taxes Payable | 88.36M | 88.79M | 48.61M | 43.99M | 45.44M | 75.85M |
| Current Unearned Revenue | 17.15M | 61.25M | 46.03M | |||
| Other Current Liabilities | 2.24M | 22.24M | 35.05M | 95.84M | 134.05M | |
| Total Current Liabilities | 121.09M | 176.72M | 257.37M | 109.68M | 366.95M | 538.00M |
| Long-Term Debt | 41.21M | 557.57M | 100.41K | 11.00M | 76.56M | |
| Long-Term Leases | 1.34M | 1.66M | 5.96M | 11.10M | ||
| Long-Term Deferred Tax Liabilities | 1.00 | 1.00 | 1.00 | 1.51M | 1.55M | 8.10M |
| Other Long-Term Liabilities | 6.55M | 31.88K | 45.57K | 156.09K | ||
| Total Liabilities | 163.64M | 735.94M | 263.91M | 117.28M | 390.64M | 622.82M |
| Common Stock | 49.80K | 44.17K | 29.50K | 28.81K | 29.61K | 32.15K |
| Additional Paid-In Capital | 1.21B | 1.14B | 728.56M | 678.85M | 696.69M | 735.41M |
| Retained Earnings | -978.22M | -635.54M | -13.59M | -47.33M | 1.32M | 470.89M |
| Treasury Stock | -104.43M | -103.42M | -111.57M | -109.03M | -81.05M | -76.39M |
| Comprehensive Income & Other | -49.57M | 15.77M | 9.62M | -29.52M | ||
| Total Common Equity | 130.74M | 397.04M | 553.87M | 538.29M | 626.62M | 1.10B |
| Shareholders' Equity | 130.74M | 397.04M | 553.87M | 538.29M | 626.62M | 1.10B |
| Total Liabilities & Equity | 294.39M | 1.13B | 817.78M | 655.57M | 1.02B | 1.72B |
| Total Debt | 51.14M | 559.80M | 17.25M | 12.77M | 156.12M | 315.49M |
| Net Cash (Debt) | -41.02M | -518.55M | 113.23M | 220.72M | 180.30M | 301.43M |
| Net Cash Per Share | -1.11 | -18.30 | 4.86 | 8.69 | 6.58 | 10.40 |
| Filing Date Shares Outstanding | 41.02M | 41.02M | 20.76M | 20.87M | 26.95M | 27.75M |
| Total Common Shares Outstanding | 41.02M | 35.53M | 20.76M | 21.78M | 26.96M | 27.95M |
| Working Capital | 58.52K | -51.60M | 216.38M | 438.07M | 426.18M | 659.61M |
| Book Value Per Share | 3.19 | 11.17 | 26.68 | 24.71 | 23.24 | 39.37 |
| Tangible Book Value | 130.47M | 396.75M | 553.87M | 531.47M | 598.06M | 1.07B |
| Tangible Book Value Per Share | 3.18 | 11.17 | 26.68 | 24.40 | 22.18 | 38.28 |
| Machinery | 367.52M | 254.42M | 3.20M | 4.07M | ||
| Leasehold Improvements | 2.01M | 2.04M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | -621.95M | 41.65M | -5.48M | -161.11M | -1.35M | |
| Depreciation & Amortization | 117.01M | 11.85M | 108.96K | 2.35M | 1.25M | |
| Other Amortization | 182.25K | 92.63K | ||||
| Loss (Gain) From Sale of Assets | -480.94K | 33.12K | 12.31K | |||
| Asset Writedown & Restructuring Costs | 338.28M | |||||
| Loss (Gain) From Sale of Investments | 96.38M | 3.42M | 6.49K | 2.22M | 4.29M | |
| Stock-Based Compensation | 4.88M | 1.40M | 3.50M | 22.98M | 13.80M | |
| Provision & Write-off of Bad Debts | 1.68M | 711.22K | 46.30M | 32.02M | ||
| Other Operating Activities | -28.02M | -109.74M | 8.45M | 96.62M | -60.00M | |
| Change in Accounts Receivable | -1.25M | 88.19M | -119.23M | |||
| Change in Other Net Operating Assets | -1.95M | -28.98M | 698.83K | -180.04M | 65.46M | |
| Operating Cash Flow | -109.83M | -40.83M | 146.30M | -82.26M | -63.66M | |
| Capital Expenditures | -114.78M | -128.09M | -670.16K | -2.98M | ||
| Sale of Property, Plant & Equipment | 17.89K | 8.07K | ||||
| Cash Acquisitions | 268.41K | |||||
| Investment in Securities | 38.07M | 35.00M | 112.90M | 91.59M | 260.96M | |
| Other Investing Activities | 155.39M | -85.57M | 190.07M | |||
| Investing Cash Flow | 78.68M | -178.67M | 302.97M | 284.10M | 418.92M | |
| Long-Term Debt Issued | 26.18M | 99.29M | 243.48M | |||
| Long-Term Debt Repaid | -174.35M | -247.23M | -330.82M | |||
| Net Debt Issued (Repaid) | -148.17M | -147.94M | -87.34M | |||
| Issuance of Common Stock | 495.94K | 360.59K | 563.08K | 1.02M | 1.30M | |
| Repurchase of Common Stock | -1.25M | -12.64M | -34.17M | -15.34M | -69.96M | |
| Common Dividends Paid | -8.06K | -127.21M | ||||
| Other Financing Activities | -5.43M | -136.62M | ||||
| Financing Cash Flow | -148.92M | -17.70M | -170.22M | -433.54M | -306.40M | |
| Foreign Exchange Rate Adjustments | 3.77M | -8.41M | -1.84M | 39.19M | -2.36M | |
| Net Cash Flow | -176.29M | -245.61M | 277.21M | -192.51M | 46.50M | |
| Free Cash Flow | -224.61M | -168.93M | 146.30M | -82.93M | -66.64M | |
| Free Cash Flow Margin | -32.64% | -187.89% | -28.88% | -10.79% | ||
| Free Cash Flow Per Share | -7.93 | -7.25 | 5.76 | -3.03 | -2.30 | |
| Levered Free Cash Flow | 188.53M | -7.82M | 5.60M | 271.12K | 101.59M | |
| Unlevered Free Cash Flow | 201.01M | -7.76M | 5.60M | 1.79M | 103.01M | |
| Cash Interest Paid | 16.50M | 2.44M | 12.05M | 21.12M | ||
| Cash Income Tax Paid | 367.73K | 1.12M | 4.90M | 32.91M | ||
| Change in Working Capital | -3.20M | -28.98M | 698.83K | -91.86M | -53.77M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 49.23M | 512.44M | ||||
| Enterprise Value | 90.25M | 875.02M | ||||
| Last Close Price | 1.20 | 15.00 | ||||
| PS Ratio | 0.09 | 0.74 | ||||
| PB Ratio | 0.38 | 1.29 | ||||
| P/TBV Ratio | 0.38 | 1.29 | ||||
| EV/Sales Ratio | 0.16 | 1.27 | ||||
| EV/EBITDA Ratio | 1.28 | 7.64 | ||||
| Debt / Equity Ratio | 0.39 | 1.41 | 0.03 | 0.02 | 0.25 | 0.29 |
| Debt / EBITDA Ratio | 0.72 | 4.86 | 1.65 | 10.99 | ||
| Debt / FCF Ratio | 0.09 | |||||
| Net Debt / Equity Ratio | 0.31 | 1.31 | -0.20 | -0.41 | -0.29 | -0.27 |
| Net Debt / EBITDA Ratio | 0.58 | 4.53 | -11.16 | 31.92 | 1.94 | -10.50 |
| Net Debt / FCF Ratio | -2.31 | 0.67 | -1.51 | 2.17 | 4.52 | |
| Asset Turnover | 0.79 | 0.70 | 0.12 | 0.22 | 0.34 | |
| Quick Ratio | 0.10 | 0.25 | 0.85 | 2.81 | 1.66 | 1.91 |
| Current Ratio | 1.00 | 0.71 | 1.84 | 4.99 | 2.16 | 2.23 |
| Return on Equity (ROE) | -151.04% | -95.23% | 0.87% | 0.51% | -19.65% | -0.11% |
| Return on Assets (ROA) | -5.45% | -0.16% | -0.14% | -0.53% | -4.50% | 0.95% |
| Return on Invested Capital (ROIC) | -30.28% | -0.36% | -0.45% | -1.84% | -15.07% | -2.40% |
| Return on Capital Employed (ROCE) | -35.70% | -0.30% | -0.30% | -1.30% | -14.40% | 2.30% |
| Earnings Yield | -1,345.07% | -121.37% | ||||
| FCF Yield | -456.28% | -43.83% | ||||
| Buyback Yield / Dilution | -77.24% | -21.57% | 8.21% | 7.37% | 5.45% | 4.61% |