Cango Inc. balance sheet

At the end of fiscal 2025, Cango Inc. had total assets of $1.13bn, total liabilities of $736m and shareholders' equity of $397m. It held $41.2m in cash against $558m of debt: net debt of $516m.

Balance sheet

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Cango Inc.: balance sheet, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash and equivalents	6	123	424	288	219	225	55	102	90	41
Receivables	—	—	13	21	22	35	39	9	3	—
Total current assets	—	—	692	796	1,364	1,194	793	547	474	125
Goodwill	—	0	21	21	22	23	21	—	—	—
Total assets	—	—	1,062	1,255	1,861	1,718	1,017	655	818	1,133
Deferred revenue (current)	—	—	6	10	21	12	21	2	1	—
Total current liabilities	—	—	228	418	377	536	367	110	257	177
Short-term debt	—	—	68	124	188	147	82	0	17	—
Long-term debt	—	—	69	43	150	76	11	0	—	558
Total debt	—	32	233	374	393	314	144	6	17	558
Total liabilities	—	—	298	466	578	621	391	117	264	736
Shareholders' equity	—	—	764	787	1,284	1,097	623	533	554	397
Net debt (negative = net cash)	−6	−92	−191	87	174	89	89	−97	−73	516
Shares outstanding	—	125m	223m	—	—	—	—	—	—	—

Balances at each fiscal year end (quarter end in the quarterly view). Total debt is short- plus long-term borrowings, including lease debt where the company reports it within debt. Where assets do not equal liabilities plus shareholders' equity, the difference (non-controlling interests, redeemable preferred shares) is shown on its own line.

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Figures from Cango Inc.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Cango Inc.