CANG
Cango Inc.
Price Chart
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Latest Quote
$2.19
-0.40 (-15.44%)
Current Price
| Previous Close | $2.59 |
| Open | $2.57 |
| Day High | $2.59 |
| Day Low | $2.17 |
| Volume | 178,852 |
Stock Information
| Shares Outstanding | 39.32M |
| Total Debt | $32.71M |
| Cash Equivalents | $7.17M |
| Revenue | $645.93M |
| Net Income | $-685.57M |
| Sector | Financial Services |
| Industry | Capital Markets |
| Market Cap | $91.48M |
| EPS (TTM) | $-21.90 |
| Exchange | NYQ |
Recent Price History
No history data available. Data will be fetched automatically.
About Cango Inc.
Cango Inc. operates bitcoin mining business with mining operations across North America, the Middle East, South America, and East Africa. It also operates an online international used car export business through AutoCango.com. Cango Inc. was founded in 2010 and is headquartered in Dallas, Texas.
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Income Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Revenue | ||||
| Reconciled Cost Of Revenue | $659,936,282 | $75,087,112 | $0 | $265,257,312 |
| Cost Of Revenue | $659,936,282 | $75,087,112 | $0 | $265,257,312 |
| Total Revenue | $688,079,223 | $89,908,403 | $0 | $287,051,362 |
| Operating Revenue | $685,332,657 | $89,908,403 | $0 | $285,494,800 |
| Expenses | ||||
| Interest Expense | $19,965,534 | $93,276 | $37 | $2,436,372 |
| Total Expenses | $690,511,842 | $91,605,670 | $7,023,689 | $422,111,735 |
| Other Income Expense | $-431,566,724 | $-2,906,275 | $694,121 | $4,404,403 |
| Other Non Operating Income Expenses | $3,321,793 | $511,292 | $726,930 | $4,968,570 |
| Net Non Operating Interest Income Expense | $-17,947,968 | $9,360,869 | $9,271,625 | $3,902,336 |
| Interest Expense Non Operating | $19,965,534 | $93,276 | $37 | $2,436,372 |
| Operating Expense | $30,575,560 | $16,518,558 | $7,023,689 | $156,854,423 |
| General And Administrative Expense | $28,898,116 | $15,807,334 | $7,023,689 | $43,416,776 |
| Other Operating Expenses | - | $-4,225,901 | $496,247 | $41,242,200 |
| Selling And Marketing Expense | - | $1,794,403 | $5,490,730 | $19,245,356 |
| Income & Earnings | ||||
| Net Income From Continuing Operation Net Minority Interest | $-452,789,334 | $4,757,327 | $2,942,057 | $-161,060,960 |
| Net Interest Income | $-17,947,968 | $9,360,869 | $9,271,625 | $3,902,336 |
| Interest Income | $2,017,566 | $9,454,145 | $9,271,662 | $6,338,709 |
| Normalized Income | $-109,227,406 | $8,174,894 | $2,974,866 | $-160,615,269 |
| Net Income From Continuing And Discontinued Operation | $-621,952,043 | $41,652,311 | $-5,476,743 | $-161,060,960 |
| Total Operating Income As Reported | $-437,095,753 | $-5,114,709 | $-7,023,689 | $-137,281,046 |
| Net Income Common Stockholders | $-621,952,043 | $41,652,311 | $-5,476,743 | $-161,060,960 |
| Net Income | $-621,952,043 | $41,652,311 | $-5,476,743 | $-161,060,960 |
| Net Income Including Noncontrolling Interests | $-621,952,043 | $41,652,311 | $-5,476,743 | $-161,060,960 |
| Net Income Discontinuous Operations | $-169,162,709 | $36,894,984 | $-8,418,800 | - |
| Net Income Continuous Operations | $-452,789,334 | $4,757,327 | $2,942,057 | $-161,060,960 |
| Pretax Income | $-451,947,311 | $4,757,327 | $2,942,057 | $-126,753,633 |
| Special Income Charges | $-338,280,027 | $0 | $0 | $0 |
| Interest Income Non Operating | $2,017,566 | $9,454,145 | $9,271,662 | $6,338,709 |
| Operating Income | $-2,432,619 | $-1,697,267 | $-7,023,689 | $-135,060,373 |
| Gross Profit | $28,142,941 | $14,821,291 | $0 | $21,794,050 |
| Earnings From Equity Interest | - | - | - | - |
| Per Share | ||||
| Diluted EPS | $-22.00 | $1.76 | $-0.22 | $-5.88 |
| Basic EPS | $-22.00 | $1.97 | $-0.22 | $-5.88 |
| Other | ||||
| Tax Effect Of Unusual Items | $-91,326,589 | $0 | $0 | $-118,475 |
| Tax Rate For Calcs | $0 | $0 | $0 | $0 |
| Normalized EBITDA (Bullshit earnings) | $119,913,931 | $20,113,856 | $3,083,863 | $-121,218,025 |
| Total Unusual Items | $-434,888,517 | $-3,417,567 | $-32,809 | $-564,167 |
| Total Unusual Items Excluding Goodwill | $-434,888,517 | $-3,417,567 | $-32,809 | $-564,167 |
| Reconciled Depreciation | $117,007,191 | $11,845,686 | $108,960 | $2,535,069 |
| EBITDA (Bullshit earnings) | $-314,974,586 | $16,696,289 | $3,051,054 | $-121,782,192 |
| EBIT | $-431,981,777 | $4,850,603 | $2,942,094 | $-124,317,261 |
| Diluted Average Shares | $28,328,903 | $23,303,272 | $24,304,878 | $27,408,489 |
| Basic Average Shares | $28,328,903 | $20,819,761 | $24,304,878 | $27,408,489 |
| Diluted NI Availto Com Stockholders | $-621,952,043 | $41,652,311 | $-5,476,743 | $-161,060,960 |
| Tax Provision | $842,023 | $0 | $0 | $34,307,327 |
| Impairment Of Capital Assets | $338,280,027 | $0 | $0 | $0 |
| Gain On Sale Of Security | $-96,608,490 | $-3,417,567 | $-32,809 | $-564,167 |
| Provision For Doubtful Accounts | $1,677,444 | $711,224 | $0 | $46,288,713 |
| Selling General And Administration | $28,898,116 | $15,807,334 | $7,023,689 | $62,662,133 |
| Other Gand A | $28,898,116 | $15,807,334 | $7,023,689 | $43,416,776 |
| Research And Development | - | $748,898 | $4,248,254 | $6,661,378 |
| Minority Interests | - | - | - | $0 |
Fetched: 2026-08-28
Balance Sheet (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Assets | ||||
| Net Tangible Assets | $396,748,450 | $553,866,898 | $531,642,820 | $597,877,054 |
| Total Assets | $1,132,985,333 | $817,779,699 | $655,786,758 | $1,016,951,333 |
| Total Non Current Assets | $1,007,866,650 | $344,035,161 | $107,861,992 | $224,067,419 |
| Non Current Prepaid Assets | $67,307,532 | $44,992,599 | - | - |
| Non Current Accounts Receivable | $668,642,915 | $-371,197 | $10,261,178 | $62,833,497 |
| Goodwill And Other Intangible Assets | $292,836 | $0 | $6,824,083 | $28,550,121 |
| Current Assets | $125,118,683 | $473,744,538 | $547,924,766 | $792,883,914 |
| Other Current Assets | $76,657,666 | $84,695 | $2,372,493 | $196,660,825 |
| Assets Held For Sale Current | $0 | $230,113,402 | - | - |
| Prepaid Assets | $3,926,087 | $25,004,141 | $15,465,118 | $1,048,195,772 |
| Inventory | $628,914 | $0 | - | - |
| Receivables | $2,662,389 | $88,059,458 | $58,905,778 | $237,775,323 |
| Receivables Adjustments Allowances | $-63,753 | $0 | $-16,099,431 | - |
| Accrued Interest Receivable | $0 | $1,877,373 | $194,813 | $4,960,332 |
| Accounts Receivable | $1,661,702 | $1,645,518 | $9,140,269 | $38,675,946 |
| Cash Cash Equivalents And Short Term Investments | $41,243,627 | $130,482,842 | $233,568,629 | $336,316,752 |
| Cash And Cash Equivalents | $41,243,627 | $90,431,392 | $143,978,245 | $54,921,125 |
| Other Non Current Assets | - | $56,357,205 | $82,962,216 | $109,795,316 |
| Other Intangible Assets | - | $6,496,571 | $6,824,083 | $7,003,301 |
| Restricted Cash | - | $1,481,315 | $237,612,748 | $22,131,015 |
| Other Receivables | - | $98,558,009 | $64,904,767 | $199,099,377 |
| Taxes Receivable | - | $483,402 | $765,361 | $23,456,305 |
| Allowance For Doubtful Accounts Receivable | - | $-11,297 | $-8,467 | $0 |
| Gross Accounts Receivable | - | $3,160,836 | $9,148,736 | $38,675,946 |
| Non Current Deferred Assets | - | - | $0 | $9,058,568 |
| Non Current Deferred Taxes Assets | - | - | $0 | $9,058,568 |
| Loans Receivable | - | - | - | - |
| Debt | ||||
| Net Debt | $516,324,044 | - | - | $106,507,980 |
| Total Debt | $559,796,902 | $17,248,214 | $12,772,843 | $173,958,823 |
| Long Term Debt And Capital Lease Obligation | $559,222,943 | $0 | $6,057,678 | $22,089,569 |
| Long Term Debt | $557,567,671 | - | $100,446 | $10,996,674 |
| Current Debt And Capital Lease Obligation | $573,959 | $17,248,214 | $6,715,165 | $151,869,254 |
| Current Debt | - | $17,067,978 | $5,642,544 | $150,432,431 |
| Other Current Borrowings | - | $17,067,978 | $130,666 | $81,913,142 |
| Liabilities | ||||
| Total Liabilities Net Minority Interest | $735,944,047 | $263,912,801 | $117,319,855 | $390,524,159 |
| Total Non Current Liabilities Net Minority Interest | $559,222,944 | $6,546,890 | $7,602,436 | $23,689,502 |
| Liabilities Heldfor Sale Non Current | $0 | $6,546,889 | - | - |
| Non Current Deferred Liabilities | $1 | $1 | $1,512,870 | $1,554,380 |
| Non Current Deferred Taxes Liabilities | $1 | $1 | $1,512,870 | $1,554,380 |
| Current Liabilities | $176,721,103 | $257,365,911 | $109,717,420 | $366,834,657 |
| Other Current Liabilities | $76,547,651 | $187,024,584 | $22,444,238 | $62,977,278 |
| Current Deferred Liabilities | $1,727,397 | $1,637,864 | $19,513,551 | $81,907,281 |
| Payables And Accrued Expenses | $97,872,096 | $51,455,249 | $61,044,466 | $70,080,844 |
| Interest Payable | $0 | $63,640 | $0 | $150,874 |
| Payables | $91,342,558 | $50,609,811 | $60,439,974 | $69,176,521 |
| Other Payable | $1,803,318 | $2,000,000 | $11,774,564 | $13,549,934 |
| Total Tax Payable | $89,539,240 | $48,609,811 | $45,308,591 | $51,996,564 |
| Income Tax Payable | $88,792,503 | $48,609,811 | $44,000,829 | $45,425,866 |
| Other Non Current Liabilities | - | $2,619 | $31,887 | $45,553 |
| Accounts Payable | - | $295,236 | $3,356,819 | $3,630,023 |
| Current Notes Payable | - | - | $0 | $17,891,090 |
| Equity | ||||
| Common Stock Equity | $397,041,286 | $553,866,898 | $538,466,903 | $626,427,174 |
| Total Equity Gross Minority Interest | $397,041,286 | $553,866,898 | $538,466,903 | $626,427,174 |
| Stockholders Equity | $397,041,286 | $553,866,898 | $538,466,903 | $626,427,174 |
| Gains Losses Not Affecting Retained Earnings | $0 | $-49,574,973 | $15,778,739 | $9,618,353 |
| Retained Earnings | $-635,537,260 | $-13,585,217 | $-47,347,258 | $1,320,364 |
| Other Equity Adjustments | - | $-49,574,973 | $15,778,739 | $9,618,353 |
| Other | ||||
| Treasury Shares Number | $8,637,104 | $8,746,866 | $8,497,408 | $3,322,572 |
| Ordinary Shares Number | $35,533,388 | $20,756,533 | $21,783,580 | $26,958,417 |
| Share Issued | $44,170,492 | $29,503,399 | $30,280,988 | $30,280,989 |
| Tangible Book Value | $396,748,450 | $553,866,898 | $531,642,820 | $597,877,054 |
| Invested Capital | $954,608,957 | $570,934,876 | $544,209,893 | $787,856,280 |
| Working Capital | $-51,602,420 | $216,378,627 | $438,207,346 | $426,049,258 |
| Capital Lease Obligations | $2,229,231 | $180,236 | $7,029,853 | $12,529,718 |
| Total Capitalization | $954,608,957 | $553,866,898 | $538,567,349 | $637,423,849 |
| Treasury Stock | $103,424,568 | $111,567,030 | $109,066,776 | $81,023,468 |
| Additional Paid In Capital | $1,135,958,943 | $728,564,614 | $679,073,383 | $696,482,320 |
| Capital Stock | $44,171 | $29,504 | $28,815 | $29,606 |
| Common Stock | $44,171 | $29,504 | $28,815 | $29,606 |
| Long Term Capital Lease Obligation | $1,655,272 | $0 | $5,957,232 | $11,092,895 |
| Current Deferred Revenue | $1,727,397 | $1,637,864 | $19,513,551 | $81,907,281 |
| Current Capital Lease Obligation | $573,959 | $180,236 | $1,072,621 | $1,436,823 |
| Current Accrued Expenses | $6,529,538 | $845,438 | $604,492 | $904,323 |
| Duefrom Related Parties Non Current | $669,924,464 | $0 | - | - |
| Investments And Advances | $2,000,000 | $0 | - | - |
| Other Investments | $2,000,000 | $0 | - | - |
| Net PPE | $269,623,367 | $243,056,554 | $7,814,516 | $13,829,917 |
| Gross PPE | $269,623,367 | $254,602,994 | $11,862,802 | $17,818,521 |
| Other Properties | $20,877,862 | $184,381 | $6,652,222 | $11,700,717 |
| Properties | $248,745,505 | $254,346,496 | $0 | $0 |
| Duefrom Related Parties Current | $1,064,440 | $84,536,567 | - | - |
| Other Short Term Investments | $0 | $40,051,450 | $89,590,384 | $281,395,627 |
| Line Of Credit | - | $17,066,108 | $5,511,878 | $50,628,199 |
| Accumulated Depreciation | - | $-11,546,440 | $-4,048,285 | $-3,988,604 |
| Leases | - | $1,961,610 | $2,010,949 | $2,044,337 |
| Machinery Furniture Equipment | - | $72,117 | $3,199,631 | $4,073,467 |
| Goodwill | - | - | $0 | $21,546,819 |
Fetched: 2026-08-28
Cash Flow Statement (Annual)
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Free Cash Flow | ||||
| Free Cash Flow | $-224,608,347 | $-168,925,011 | $146,304,470 | $-82,908,017 |
| Operating Activities | ||||
| Operating Cash Flow | $-109,829,414 | $-40,831,305 | $146,304,470 | $-82,238,061 |
| Cash From Discontinued Operating Activities | $-14,407,658 | $38,850,280 | $139,019,378 | - |
| Cash Flow From Continuing Operating Activities | $-95,421,756 | $-79,681,585 | $7,285,092 | $-82,238,061 |
| Operating Gains Losses | $-675,757,199 | $-89,908,278 | $32,809 | $1,565,992 |
| Investing Activities | ||||
| Capital Expenditure | $-114,778,933 | $-128,093,706 | $-251,761 | $-669,957 |
| Investing Cash Flow | $78,681,131 | $-178,668,434 | $302,967,679 | $284,018,495 |
| Cash From Discontinued Investing Activities | $-54,180,371 | $-85,570,858 | $190,070,347 | - |
| Cash Flow From Continuing Investing Activities | $132,861,502 | $-93,097,576 | $112,897,332 | $284,018,495 |
| Net Other Investing Changes | - | $30,250,344 | $115,962,002 | $193,110,665 |
| Financing Activities | ||||
| Repurchase Of Capital Stock | $-1,249,808 | $-12,635,418 | $-34,168,869 | $-15,340,007 |
| Financing Cash Flow | $-148,920,118 | $-17,701,361 | $-170,224,854 | $-433,407,556 |
| Cash From Discontinued Financing Activities | $0 | $-5,426,532 | $-136,619,066 | - |
| Cash Flow From Continuing Financing Activities | $-148,920,118 | $-12,274,829 | $-33,605,788 | $-433,407,556 |
| Net Common Stock Issuance | $-1,249,808 | $-12,635,418 | $-34,168,869 | $-15,340,007 |
| Cash Dividends Paid | - | $0 | $0 | $-271,194,990 |
| Other | ||||
| Repayment Of Debt | $-174,346,597 | $0 | $0 | $-247,152,405 |
| Issuance Of Debt | $26,180,351 | $0 | $0 | $99,259,245 |
| Interest Paid Supplemental Data | $16,495,317 | $0 | $2,440,699 | $12,049,546 |
| Income Tax Paid Supplemental Data | $0 | $367,726 | $1,118,526 | $4,901,699 |
| End Cash Position | $41,243,627 | $217,537,206 | $463,151,077 | $185,885,979 |
| Beginning Cash Position | $217,537,206 | $463,151,077 | $185,942,576 | $378,339,942 |
| Effect Of Exchange Rate Changes | $3,774,822 | $-8,412,771 | $-1,838,794 | $39,173,158 |
| Changes In Cash | $-180,068,401 | $-237,201,100 | $279,047,295 | $-231,627,121 |
| Proceeds From Stock Option Exercised | $495,936 | $360,589 | $563,081 | $1,020,602 |
| Common Stock Payments | $-1,249,808 | $-12,635,418 | $-34,168,869 | $-15,340,007 |
| Net Issuance Payments Of Debt | $-148,166,246 | $0 | $0 | $-147,893,161 |
| Net Long Term Debt Issuance | $-148,166,246 | $0 | $0 | $-147,893,161 |
| Long Term Debt Payments | $-174,346,597 | $0 | $0 | $-247,152,405 |
| Long Term Debt Issuance | $26,180,351 | $0 | $0 | $99,259,245 |
| Net Investment Purchase And Sale | $38,074,512 | $34,996,130 | $112,897,332 | $91,559,907 |
| Sale Of Investment | $40,074,512 | $354,032,774 | $290,032,930 | $661,864,169 |
| Purchase Of Investment | $-2,000,000 | $-319,036,644 | $-177,135,598 | $-570,304,261 |
| Net Business Purchase And Sale | $209,565,923 | $0 | $0 | $0 |
| Sale Of Business | $209,565,923 | $0 | $0 | $0 |
| Net PPE Purchase And Sale | $-114,778,933 | $-128,093,706 | $0 | $-652,078 |
| Purchase Of PPE | $-114,778,933 | $-128,093,706 | $0 | $-669,957 |
| Change In Working Capital | $-3,202,404 | $-28,976,972 | $698,833 | $-91,827,133 |
| Change In Other Current Liabilities | $-193,423 | $-309,128 | $-107,493 | $-72,777,478 |
| Change In Payables And Accrued Expense | $48,991 | $43,140,986 | $243,010 | - |
| Change In Accrued Expense | $48,991 | $43,140,986 | $243,010 | - |
| Change In Prepaid Assets | $-1,806,008 | $-71,808,830 | $563,316 | - |
| Change In Receivables | $-1,251,964 | $0 | $0 | $47,883,663 |
| Changes In Account Receivables | $-1,251,964 | $0 | $0 | $-6,274,920 |
| Other Non Cash Items | $478,098,035 | $17,067,978 | $-26,308,375 | $43,462,873 |
| Stock Based Compensation | $4,881,377 | $1,404,008 | $3,502,433 | $22,976,609 |
| Unrealized Gain Loss On Investment Securities | $96,383,107 | $3,417,442 | $0 | $0 |
| Provisionand Write Offof Assets | $1,677,444 | $711,224 | $0 | $46,288,713 |
| Asset Impairment Charge | $338,280,027 | $0 | $0 | $0 |
| Depreciation Amortization Depletion | $117,007,191 | $11,845,686 | $108,960 | $2,535,069 |
| Depreciation And Amortization | $117,007,191 | $11,845,686 | $108,960 | $2,535,069 |
| Depreciation | $117,007,191 | $11,845,686 | $108,960 | $2,352,878 |
| Gain Loss On Investment Securities | $-675,501,646 | $-89,908,403 | $6,489 | $2,390,680 |
| Net Foreign Currency Exchange Gain Loss | $225,383 | $125 | $26,320 | $-857,802 |
| Gain Loss On Sale Of PPE | $-480,936 | $0 | $0 | $33,114 |
| Net Income From Continuing Operations | $-452,789,334 | $4,757,327 | $2,942,057 | $-161,060,960 |
| Sale Of PPE | - | $0 | $97,747 | $17,879 |
| Change In Other Current Assets | - | $-64,626,242 | $167,489,877 | $-66,933,318 |
| Deferred Tax | - | $0 | $12,630,827 | $53,820,775 |
| Deferred Income Tax | - | $0 | $12,630,827 | $53,820,775 |
| Amortization Cash Flow | - | $129,803 | $167,830 | $182,192 |
| Amortization Of Intangibles | - | $129,803 | $167,830 | $182,192 |
| Change In Other Working Capital | - | - | $4,797 | - |
| Earnings Losses From Equity Investments | - | - | - | - |
Fetched: 2026-08-28