Cango Inc. income statement

In fiscal 2025, Cango Inc. reported revenue of $688m, up 524.3% on the year before, operating income of −$437m (a -63.5% margin) and net income of −$622m. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

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

Cango Inc.: income statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Revenue	65	156	159	207	315	615	287	1,702	110	688
Cost of revenue	—	—	63	77	168	464	265	213	75	660
Gross profit	40	99	96	129	146	151	22	1,489	35	28
Research and development	—	—	7	8	10	11	7	4	1	—
Selling and marketing	—	—	24	28	30	38	19	5	2	—
General and administrative	—	—	22	34	41	43	43	7	16	—
Operating income	28	70	40	46	49	−4	−137	−7	−5	−437
Interest expense	—	—	3	2	0	2	2	1	0	—
Income before tax	—	—	58	70	574	2	−127	3	5	−452
Income tax	—	—	13	12	57	3	34	13	0	1
Net income	19	50	44	56	516	−1	−161	−5	42	−622
Diluted shares (average)	—	—	—	—	—	290m	274m	254m	233m	283m
EBITDA	28	70	41	48	50	−2	−136	−7	7	−320

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

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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.