Cango Inc.
CANG NYSE· Finance Services
Last close · Oct 26, 2026
$1.28
KIRA · Stoqly’s AI analyst, in plain words
- Cango Inc. had $688M of revenue in fiscal 2025, up 524.3% on the year before. Over five years, revenue changed +16.9% a year on average.
- Its operating margin was −63.5%, down 58.9 pts: of every 100 in sales, about −64 is left after running the business.
- Cango Inc. lost $622M in fiscal 2025.
- Free cash flow was −$119M in fiscal 2025, −17.3% of revenue.
- Cango Inc. returned $1.2M to shareholders in fiscal 2025. The diluted share count rose 21.6%.
- Cango Inc. owes $516M more than it holds in cash.
Market cap
$363M
P/E
—
Revenue
$688M
Net income
−$622M
Free cash flow
−$119M
Operating margin
−63.5%
Cango Inc. in 30 seconds · fiscal 2025
Are sales growing?
+524.3%
Yes. Sales grew 524.3% last year.
Does it make a profit?
−90.4%
No. It lost money last year.
Does profit turn into cash?
−17.3%
No. It spent more cash than it brought in.
How healthy are the accounts?
2 / 9
Weak. It passes 2 of 9 health tests.
What Cango Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F · Apr 10, 2026
- Legal name
- Cango Inc.
- CIK
- 0001725123
Cango Inc. · CANG
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $615M | $287M | $1.7B | $110M | $688M |
| Revenue growth | 95.6% | −53.3% | 492.7% | −93.5% | 524.3% |
| Gross margin | 24.6% | 7.6% | 87.5% | 31.9% | 4.1% |
| Operating margin | −0.6% | −47.8% | −0.4% | −4.6% | −63.5% |
| Net income | −$1.3M | −$161M | −$5.5M | $41.7M | −$622M |
| Net margin | −0.2% | −56.1% | −0.3% | 37.8% | −90.4% |
| Cash | |||||
| Cash from operations | −$63.5M | −$82.3M | $146M | −$40.8M | −$110M |
| Capital expenditure | $3.0M | $0.7M | $0.3M | $0.1M | $9.4M |
| Free cash flow | −$66.4M | −$82.9M | $146M | −$40.9M | −$119M |
| FCF margin | −10.8% | −28.9% | 8.6% | −37.1% | −17.3% |
| Dividends paid | $150M | $271M | — | — | — |
| Share buybacks | — | — | $34.2M | $12.6M | $1.2M |
| Share count change | — | −5.5% | −7.4% | −8.2% | 21.6% |
| Debt and strength | |||||
| Cash and short-term investments | $633M | $336M | $192M | $130M | $41.2M |
| Debt incl. finance leases | $314M | $144M | $5.7M | $17.1M | $558M |
| Shareholders' equity | $1.1B | $623M | $533M | $554M | $397M |
| Net debt / EBITDA | — | — | — | −16.8x | — |
| Current ratio | 2.2x | 2.2x | 5.0x | 1.8x | 0.7x |
| Interest coverage | −1.6x | −56.3x | −12.2x | −56.6x | — |
| Returns and quality | |||||
| Return on capital | −0.3% | −25.2% | −1.3% | −1.1% | −37.8% |
| Return on equity | −0.1% | −18.7% | −0.9% | 7.7% | −130.8% |
| Return on tangible equity | −0.1% | −27.1% | −1.0% | 7.6% | −156.8% |
| Piotroski F-score | 2 | 3 | 8 | 3 | 2 |
| Altman Z'' | 5.2 | 3.5 | 8.9 | 3.8 | −4.2 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Cango Inc. · CANG
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.28 a share, the company is worth $363M.
Source: SEC EDGAR XBRL filings (CIK 0001725123). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.