Cango Inc. cash flow statement

In fiscal 2025, Cango Inc.'s operations generated −$110m of cash; it spent $9.4m on capital projects, leaving free cash flow of −$119m. It returned $1.2m through buybacks.

Cash flow statement

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

Cango Inc.: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	13	87	27	61	−95	−63	−82	146	−41	−110
Depreciation and amortisation	—	—	1	2	1	1	1	0	12	117
Stock-based pay	1	0	5	12	12	14	23	4	1	5
Capital spending	0	1	2	6	1	3	1	0	0	9
Free cash flow	12	86	25	55	−96	−66	−83	146	−41	−119
Free cash flow after stock pay	12	86	20	43	−108	−80	−106	143	−42	−124
Dividends paid	0	—	4	37	41	150	271	—	—	—
Share buybacks	—	—	—	3	8	70	15	34	13	1

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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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.