Sign in

CANG on NYSE

Cango Inc.

Cango Inc. is a finance services company based in Shanghai, Cayman Islands.2

Price unavailable

Last updated Oct 21, 2026.

Overview

$688.1MRevenue, fiscal 20253
-$622.0MNet income, fiscal 20253

Compare with IREN, Blucora or Riot Platforms, Inc., or pick any stock.

  • TickerCANG on NYSE2
  • IndustryFinance Services2
  • HeadquartersShanghai, China2
  • Incorporated inCayman Islands4
  • Business addressSuite 750, 3131 Mckinney Avenue,, Dallas, Tx 752044
  • Filer categoryAccelerated filer4
  • Legal formCorporation2
  • LEI5299003TQHBB4QUSZB862
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressc/o CONYERS TRUST COMPANY (CAYMAN) LIMITED, Cricket Square, Hutchins Drive, PO Box 2681, Grand Cayman, Cayman Islands2
  • Registered withGeneral Registry, 3278892

See how the biggest companies compare on our leaderboards

We began operations in August 2010 through Shanghai Cango in China. Our business initially focused on providing automotive financing solutions to car buyers by connecting them to dealers and financial institutions through Cango platform. Over time, we extended our offerings to include automobile trading solutions and after-market services. In October 2017, we incorporated Cango Inc. under the laws of the Cayman Islands, as our ultimate holding company.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-63.5%Operating margin3
-90.4%Net margin3
665.3%Revenue growth, 20253
-156.6%Return on equity3
1.40×Debt to equity3

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Crypto Asset Mining brought in 99% of the revenue Cango Inc. broke down this way in fiscal 2025.

  1. Crypto Asset Mining$675.5M399%up 651% from 2024
  2. International Automobile Trading Income$9.8M31%
Products and services by year
Products and services20242025
Crypto Asset Mining$89.9M$675.5M
International Automobile Trading Income$9.8M

Business segments

Bitcoin Mining Business brought in 99% of the revenue Cango Inc. broke down this way in fiscal 2025.

  1. Bitcoin Mining Business$678.2M399%up 654% from 2024
  2. International Automobile Trading Business$9.8M31%
Business segments by year
Business segments20242025
Bitcoin Mining Business$89.9M$678.2M
International Automobile Trading Business$9.8M

Regions

V-G brought in 98% of the revenue Cango Inc. broke down this way in fiscal 2025.

  1. V-G$675.5M398%
  2. Other Countries$12.6M32%
Regions by year
Regions2025
V-G$675.5M
Other Countries$12.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue96¢$659.9M
  • Other costs4¢$27.3M
  • Income tax0¢$842.0K

Out of $688.1M in revenue.3 The company lost money this year.

Financial statements

Revenue678910113$688.1M in 2025+333% since 2018
0$500.0M$1.0B$1.5B$2.0B2018: $158.7M$158.7M20182019: $206.9M$206.9M2019+30%2020: $314.5M$314.5M2020+52%2021: $615.4M$615.4M2021+96%2022: $287.1M$287.1M2022−53%2023: $1.7B$1.7B2023+493%2024: $89.9M$89.9M2024−95%2025: $688.1M$688.1M2025+665%
Operating income6789103-$437.1M in 2025
-$600.0M-$400.0M-$200.0M0$200.0M2018: $40.2M$40.2M20182019: $46.4M$46.4M2019+15%2020: $48.8M$48.8M2020+5%2021: -$3.6M-$3.6M20212022: -$137.3M-$137.3M2022+3664%2023: -$7.0M-$7.0M2023−95%2024: -$5.1M-$5.1M2024−27%2025: -$437.1M-$437.1M2025+8446%
Net income6789103-$622.0M in 2025
-$1.0B-$500.0M0$500.0M$1.0B2018: $44.0M$44.0M20182019: $56.2M$56.2M2019+28%2020: $516.4M$516.4M2020+820%2021: -$1.3M-$1.3M20212022: -$161.1M-$161.1M2022+11916%2023: -$5.5M-$5.5M2023−97%2024: $41.7M$41.7M20242025: -$622.0M-$622.0M2025

Every line of the income statement as filed: the last 3 fiscal years, latest first.3

Period ending2025-12-312024-12-312023-12-31
Revenues$688.1M$89.9M
Cost of revenue (exclusive of depreciation shown below)$543.3M$63.5M
Cost of revenue (depreciation)$116.6M$11.5M
General and administrative$15.8M$7.0M
Provision for credit losses$1.7M$711.2K
Impairment loss from mining machines$338.3M
Gain from changes in fair value of crypto currencies-$115.3K
Loss from changes in fair value of receivable for Bitcoin collateral$96.5M$3.4M
Total operating costs and expenses$1.1B$95.0M$7.0M
Operating loss from continuing operations-$437.1M-$5.1M-$7.0M
Interest income$2.0M$9.5M$9.3M
Net loss on equity securities-$6.5K
Foreign exchange loss, net-$225.4K-$125-$26.3K
Other income$4.1M$511.3K$726.9K
Other expenses-$743.4K
Net income (loss) before income taxes from continuing operations-$451.9M$4.8M$2.9M
Income tax expense-$842.0K
Net income (loss) from continuing operations, net of tax-$452.8M$4.8M$2.9M
Income (loss) from discontinued operations-$129.8M$37.1M$4.9M
Income tax expenses-$39.3M-$183.7K-$13.3M
Net (loss) income from discontinued operations-$169.2M$36.9M-$8.4M
Net (loss) income-$622.0M$41.7M-$5.5M
Continuing operations (in dollars per share)-$2$0$0
Discontinued operations (in dollars per share)-$1$0-$0
Continuing operations (in dollars per share)-$2$0$0
Discontinued operations (in dollars per share)-$1$0-$0
Basic (in shares)283.3M shares208.2M shares243.0M shares
Diluted (in shares)283.3M shares233.0M shares253.9M shares
Release accumulated other comprehensive loss$44.3M
Foreign currency translation adjustment$5.3M-$10.7M-$11.6M
Total comprehensive (loss) income, net of tax-$572.4M$30.9M-$17.1M

Compare Cango Inc. with another company

Corporate structure

Cango Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cango Inc.

  • Cango Inc. Shanghai, China

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Cango Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$1.5M11 Dec 31, 2024$1.5M12 Dec 31, 2023−2.7%
Property and equipment, before depreciation$4.8M11 Dec 31, 2024$5.2M12 Dec 31, 2023−7.8%
Accumulated depreciation$808.9K3 Dec 31, 2025$6.7K3 Dec 31, 2024+12051.7%
Property and equipment, net$18.8M3 Dec 31, 2025$65.5K3 Dec 31, 2024+28616.7%
Operating-lease assets (leased space)$2.1M3 Dec 31, 2025$184.4K3 Dec 31, 2024+1028.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$41.2M3 Dec 31, 2025$90.4M3 Dec 31, 2024−54.4%
Marketable securities, current$40.1M3 Dec 31, 2024$89.4M12 Dec 31, 2023−55.2%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$292.8K3 Dec 31, 2025$6.5M11 Dec 31, 2024−95.5%
Indefinite-lived intangibles (excluding goodwill)$5.9M11 Dec 31, 2024$6.1M12 Dec 31, 2023−2.7%
Accumulated amortization$870.1K11 Dec 31, 2024$761.1K12 Dec 31, 2023+14.3%
Finite-lived intangibles, net$593.8K11 Dec 31, 2024$743.9K12 Dec 31, 2023−20.2%

Leadership

Who has led Cango Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Paul Yu2026–now
  • Chief executive officerPaul Yu Mar 18, 2026 to now13
Board members and other officers (5)

Timeline

  1. Mar 18, 2026New chief executive Paul Yu becomes CEO13

Calendar

Coming up

  1. Dec 7, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $1.90 a share, on Dec 1, 2025.18

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

120 filings to the SEC since October 2021: 5 annual reports, 9 insider forms, 25 large holders, 81 other. The latest 20:

  1. Sep 3, 20266-K EDGAR
  2. Aug 31, 20266-K EDGAR
  3. Jul 21, 20266-K EDGAR
  4. Jul 10, 20266-K EDGAR
  5. Jun 24, 20266-K EDGAR
  6. Jun 2, 20266-K EDGAR
  7. May 22, 20266-K EDGAR
  8. Apr 22, 20266-K EDGAR
  9. Apr 10, 202620-F EDGAR
  10. Apr 2, 20266-K EDGAR
  11. Apr 1, 20266-K EDGAR
  12. Mar 26, 20263 OWNERSHIP DOCUMENT EDGAR
  13. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  14. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  15. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  16. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  17. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  18. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  19. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR
  20. Mar 18, 20263 OWNERSHIP DOCUMENT EDGAR

The 120 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Cango Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCango Inc.1
  • CIK0001725123
  • Filer statusAccelerated filer not an emerging growth company; not a shell company5
  • Incorporated inCayman Islands5
  • Fiscal year endsDecember 311
  • Industry code (SIC)6199 Finance Services1
  • SEC reviewing officeOffice of Crypto Assets, Division of Corporation Finance1
  • Business addressSuite 750, 3131 Mckinney Avenue,, Dallas, TX 752041
  • Phone86-21-3183-00161
  • Shares outstanding345,333,888 Common Class A shares; 10,000,000 Common Class B shares as of Dec 31, 20255
  • AuditorMaloneBailey, LLP, Houston, Texas PCAOB ID 206; it also attests to the company’s internal control over financial reporting5
  • On EDGAR sinceMar 23, 20181
  • Filings196 in all: 6-K (77), SC 13G/A (14), 144 (11), 3 (9), SC 13G (9), 20-F (8), CORRESP (8), UPLOAD (8)1
    All 32 form types

    DRSLTR (6), SCHEDULE 13D/A (5), SCHEDULE 13G/A (5), DRS/A (4), SC 13D/A (4), EFFECT (3), F-1/A (3), 144/A (2), DRS (2), S-8 (2), SC 13D (2), SCHEDULE 13D (2), 25-NSE (1), 424B4 (1), 8-A12B (1), CERT (1), CT ORDER (1), F-1 (1), F-3 (1), F-6 (1), F-6 POS (1), F-6/A (1), F-6EF (1), FWP (1)

  • Latest filingsAnnual report (20-F) Apr 10, 2026

Securities registered for trading

ClassSymbolExchange
Class A Ordinary Shares, par value US$0.0001 per shareCANGNew York Stock Exchange

From the cover page of the 20-F filed Apr 10, 2026 (Section 12(b) of the Exchange Act).5

Sources

The numbers on this page point here. Each one links to the record it came from.

  1. 1
  2. 2
  3. 3
  4. 4
  5. 5
  6. 6
  7. 7
  8. 8
  9. 9
  10. 10
  11. 11
  12. 12
  13. 13
  14. 14
  15. 15
  16. 16
  17. 17
  18. 18
  19. 19
  20. 20
  21. 21
  22. 22
  23. 23
  24. 24
  25. 25
  26. 26
  27. 27