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Cango Inc.

CANG Clue Score57
United States Fiscal year ends December CIK 0001725123
$3.02 -13.96% Close, 12 Oct 2026
Alert on the numbers Alert on insider trades
Price $3.02 −32.13% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 26 Jul 2018. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue0.43Operating income0.18Net income0.13Fiscal year 2017Revenue1.05 +142.3%Operating income0.47Net income0.34 +164.5%Fiscal year 2018Revenue1.09 +3.7%Operating income0.28Net income0.30 −11.2%Fiscal year 2019Revenue1.44 +31.9%Operating income0.32Net income0.39 +29.1%Fiscal year 2020Revenue2.05 +42.5%Operating income0.32Net income3.37 +762.0%Fiscal year 2021Revenue3.92 +91.1%Operating income−0.02Net income−0.01 −100.3%Fiscal year 2022Revenue1.98 −49.5%Operating income−0.95Net income−1.11Fiscal year 2023Revenue1.70 −14.1%Operating income−0.07Net income−0.04EPS, diluted0.01Fiscal year 2024Revenue0.80 −52.7%Operating income0.18Net income0.30EPS, diluted0.02 +100.0%Fiscal year 2025EPS, diluted−1.60 −8,100.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 0.43 1.05 1.09 1.44 2.05 3.92 1.98 1.70 0.80 n/a
Growth +142.3% +3.7% +31.9% +42.5% +91.1% −49.5% −14.1% −52.7%
Operating income 0.18 0.47 0.28 0.32 0.32 −0.02 −0.95 −0.07 0.18 n/a
Net income 0.13 0.34 0.30 0.39 3.37 −0.01 −1.11 −0.04 0.30 n/a
Growth +164.5% −11.2% +29.1% +762.0% −100.3%
EPS, diluted n/a n/a n/a n/a n/a n/a n/a 0.01 0.02 −1.60
Growth +100.0% −8,100.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Operating marginNet margin
Fiscal year 2016Operating margin42.5%Net margin29.7%Free cash flow margin18.5%Fiscal year 2017Operating margin44.7%Net margin32.4%Free cash flow margin55.1%Fiscal year 2018Operating margin25.4%Net margin27.7%Free cash flow margin15.6%Fiscal year 2019Operating margin22.5%Net margin27.1%Free cash flow margin26.4%Fiscal year 2020Operating margin15.5%Net margin164.2%Free cash flow margin−30.5%Fiscal year 2021Operating margin−0.6%Net margin−0.2%Free cash flow margin−10.8%Fiscal year 2022Operating margin−47.8%Net margin−56.1%Free cash flow margin−28.9%Fiscal year 2023Operating margin−4.3%Net margin−2.2%Free cash flow margin60.2%Fiscal year 2024Operating margin22.2%Net margin37.3%Free cash flow margin−38.6%Fiscal year 2025
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating margin 42.5% 44.7% 25.4% 22.5% 15.5% −0.6% −47.8% −4.3% 22.2% n/a
Net margin 29.7% 32.4% 27.7% 27.1% 164.2% −0.2% −56.1% −2.2% 37.3% n/a
Free cash flow margin 18.5% 55.1% 15.6% 26.4% −30.5% −10.8% −28.9% 60.2% −38.6% n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.08Capital expenditure−0.00Free cash flow0.08Dividends paid−0.00Fiscal year 2017Operating cash flow0.59Capital expenditure−0.01Free cash flow0.58 +620.6%Fiscal year 2018Operating cash flow0.18Capital expenditure−0.01Free cash flow0.17 −70.6%Dividends paid−0.03Fiscal year 2019Operating cash flow0.42Capital expenditure−0.04Free cash flow0.38 +122.9%Dividends paid−0.26Fiscal year 2020Operating cash flow−0.62Capital expenditure−0.01Free cash flow−0.63 −265.0%Dividends paid−0.27Fiscal year 2021Operating cash flow−0.40Capital expenditure−0.02Free cash flow−0.42Buybacks−0.44Dividends paid−0.96Fiscal year 2022Operating cash flow−0.57Capital expenditure−0.00Free cash flow−0.57Buybacks−0.11Dividends paid−1.87Fiscal year 2023Operating cash flow1.03Capital expenditure−0.00Free cash flow1.02Buybacks−0.25Fiscal year 2024Operating cash flow−0.31Capital expenditure−0.00Free cash flow−0.31 −130.3%Buybacks−0.09Fiscal year 2025Operating cash flow−0.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.08 0.59 0.18 0.42 −0.62 −0.40 −0.57 1.03 −0.31 −0.10
Capital expenditure −0.00 −0.01 −0.01 −0.04 −0.01 −0.02 −0.00 −0.00 −0.00 n/a
Free cash flow 0.08 0.58 0.17 0.38 −0.63 −0.42 −0.57 1.02 −0.31 n/a
Growth +620.6% −70.6% +122.9% −265.0% −130.3%
Buybacks n/a n/a n/a n/a n/a −0.44 −0.11 −0.25 −0.09 n/a
Dividends paid −0.00 n/a −0.03 −0.26 −0.27 −0.96 −1.87 n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash and securitiesTotal debt
Fiscal year 2016Cash and securities0.04Shareholders’ equity−3.73Fiscal year 2017Cash and securities0.80Total debt0.18Net cash (debt)0.63Shareholders’ equity−2.71Fiscal year 2018Cash and securities2.91Total debt0.94Net cash (debt)1.97Shareholders’ equity5.25Debt to equity0.18Fiscal year 2019Cash and securities2.00Total debt1.17Net cash (debt)0.84Shareholders’ equity5.48Debt to equity0.21Fiscal year 2020Cash and securities1.43Total debt2.21Net cash (debt)−0.78Shareholders’ equity8.38Debt to equity0.26Fiscal year 2021Cash and securities1.43Total debt1.42Net cash (debt)0.01Shareholders’ equity6.99Debt to equity0.20Fiscal year 2022Cash and securities0.38Total debt0.64Net cash (debt)−0.26Shareholders’ equity4.32Debt to equity0.15Fiscal year 2023Cash and securities1.02Total debt0.00Net cash (debt)1.02Shareholders’ equity3.82Debt to equity0.00Fiscal year 2024Cash and securities1.29Shareholders’ equity4.09Fiscal year 2025
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash and securities 0.04 0.80 2.91 2.00 1.43 1.43 0.38 1.02 1.29 n/a
Total debt n/a 0.18 0.94 1.17 2.21 1.42 0.64 0.00 n/a n/a
Net cash (debt) n/a 0.63 1.97 0.84 −0.78 0.01 −0.26 1.02 n/a n/a
Shareholders’ equity −3.73 −2.71 5.25 5.48 8.38 6.99 4.32 3.82 4.09 n/a
Debt to equity n/a n/a 0.18 0.21 0.26 0.20 0.15 0.00 n/a n/a

In billions of CNY, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In billions of CNY, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018† 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Assets
0.04 0.80 2.91 2.00 1.43 1.43 0.38 1.02 1.29 n/a
n/a 0.09 0.09 0.15 0.14 0.22 0.27 0.06 0.02 n/a
n/a 0.01 0.02 0.01 0.01 0.02 0.01 0.01 0.01 n/a
n/a 0.00 0.15 0.15 0.15 0.15 0.15 n/a n/a n/a
n/a 2.00 7.30 8.74 12.15 10.95 7.02 4.65 5.97 n/a
Growth +265.6% +19.7% +39.0% −9.9% −35.9% −33.7% +28.4%
Liabilities
n/a n/a 0.47 0.86 1.23 0.94 0.57 0.00 n/a n/a
n/a 0.18 0.47 0.30 0.98 0.49 0.08 0.00 n/a n/a
calc n/a 0.18 0.94 1.17 2.21 1.42 0.64 0.00 n/a n/a
n/a 0.74 2.05 3.24 3.77 3.96 2.69 0.83 1.88 n/a
Equity
n/a −2.71 0.70 0.85 3.96 2.99 0.01 −0.34 −0.04 n/a
−3.73 −2.71 5.25 5.48 8.38 6.99 4.32 3.82 4.09 n/a
Growth +4.3% +52.9% −16.5% −38.2% −11.7% +7.1%
Per share and net cash
calc n/a 0.63 1.97 0.84 −0.78 0.01 −0.26 1.02 n/a n/a
n/a 125.0 223.5 n/a n/a n/a n/a n/a n/a n/a
calc n/a −21.67 23.50 n/a n/a n/a n/a n/a n/a n/a

† The number of shares outstanding jumps at 2018, so per-share figures either side of that column are not comparable. Usually a split. This count is a different filed figure from the diluted average on the income statement, so it can break in a different year.

Lines marked calc are worked out here from filed figures; point at one for how. Shown in CNY as filed; the screener converts to dollars.