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CANG Financials Cango Inc.

8 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 16.9% per year over the past 5 years.
  • Operating margin has contracted, at -63.5% in the latest year.

Financial health

  • Total debt ($558M) exceeds cash ($41M); net debt is $516M.
  • Total debt has grown slower than revenue (7.3% vs 16.9% per year).
  • The company is unprofitable and has less than a year of cash runway at its current free-cash-flow burn.
Revenue & net income
-$622M $33M $688M $0 2018 2019 2020 2021 2022 2023 2024 2025
RevenueNet income
Margins (gross / operating / net)
-90% 37% 164% 0% 2018 2019 2020 2021 2022 2023 2024 2025
GrossOperatingNet
Free cash flow (CFO − capex)
-$119M $13M $146M $0 2018 2019 2020 2021 2022 2023 2024 2025
Free cash flow
Cash vs total debt
$0 $279M $558M 2018 2019 2020 2021 2022 2023 2024 2025
CashTotal debt
Cash flow: operating / investing / financing
-$434M $81M $595M $0 2018 2019 2020 2021 2022 2023 2024 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $688M -$622M 4.1% -63.5% -$119M $558M $41M
2024 $90M $42M 16.5% -5.7% -$41M $90M
2023 -$5M $146M $6M $102M
2022 $287M -$161M 7.6% -47.8% -$83M $144M $55M
2021 $615M -$1M 24.6% -0.6% -$66M $314M $225M
2020 $315M $516M 46.5% 15.5% -$96M $393M $219M
2019 $207M $56M 62.6% 22.5% $55M $374M $288M
2018 $159M $44M 60.6% 25.4% $25M $233M $424M

Valuation over time

How the market has priced CANG against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 16.5 33.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 7.7 15.3 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S
Dividend yield (%)
0.0 46.9 93.9 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
Dividend yield %

Frequently asked questions

Is CANG growing its revenue and profit?

Over the past 5 years, Cango Inc.'s revenue has grown 16.9% per year. These are computed facts, not advice.

How much debt does CANG have?

As of FY2025, Cango Inc. reported $558M of total debt against $41M of cash.

What is CANG's profit margin?

In FY2025, gross margin was 4.1%, operating margin -63.5%, and net margin -90.4%.

What is CANG's P/E ratio?

As of Jun '26, Cango Inc. traded at a price-to-earnings ratio of about 10.3× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.