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CANG: financial statements from SEC — TradeAlmanac

CANG

Cango Inc.: financial statements

Company reports as filed with the U.S. Securities and Exchange Commission.

AnnualQuarterly

Income statement

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Revenue	688M	110M	1.70B	1.98B
Cost of revenue	543M	629M	1.51B	1.83B
Research and development	—	5M	30M	46M
Selling, general and administrative	—	250M	157M	300M
Operating expenses	1.13B	86M	1.78B	2.93B
Operating income	−437M	25M	−74M	−947M
Pre-tax income	−452M	41M	56M	−875M
Income tax	842,023	1M	93M	237M
Net income	−622M	300M	−38M	−1.11B
Earnings per share	−1.60	0.02	0.01	—
Earnings per share, diluted	−1.60	0.02	0.01	—
Weighted average shares	283M	208M	243M	274M
Weighted average shares, diluted	283M	233M	243M	274M

Balance sheet

Metric	19/08/2026	18/08/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Cash and equivalents	—	—	41M	177M	1.02B	379M	2.61B
Short-term investments	—	—

Cash flow

Metric	31/12/2025	31/12/2024	31/12/2023	31/12/2022
Operating cash flow	−110M	−310M	1.03B	−567M
Depreciation and amortisation	117M	87M	8M	7M
Share-based compensation	5M	2M	38M	159M
Capital expenditure

Amounts in USD unless stated otherwise. Data: US exchange trading and company filings with the regulator