Security
Cango Inc. · CANG
CANGNYSECommon stockCurrentCIK 1725123Updated Oct 6, 2026
CANG price & chart
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NYSE:CANG on TradingView ↗About the company
Cango Inc. (NYSE: CANG) is a Bitcoin mining company with a vision to establish an integrated, global infrastructure platform capable of powering the future digital economy. The Company's mining operations span across North America, the Middle East, South America, and East Africa. Since entering the digital asset space in November 2024, Cango has activated pilot projects in both integrated energy solutions and distributed AI computing. In parallel, Cango continues to operate an online international used car export business through AutoCango.com.
In the news
Cango Inc. Regains Compliance with NYSE Minimum Share Price Requirement ↗
Recent filings
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Financials
FY 2025 · USDSource
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balance sheet · annual statements
| Line item | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| AssetsUSD | 1,122,329,529Source | — | 1,132,985,333Source | 817,793,973Source | 654,743,027Source | 1,017,260,967Source |
| Property, Plant and Equipment, NetUSD | — | — | 18,797,925Source | 908,924Source | 1,160,444Source | 2,129,848Source |
| GoodwillUSD | — | — | — | — | — | 21,553,380Source |
| Intangible Assets, Net (Excluding Goodwill)USD | — | — | 292,836Source | 6,497,283Source | 6,813,222Source | 7,005,434Source |
| Current assets: | ||||||
| Cash and Cash Equivalents, at Carrying ValueUSD | 117,792,694Source | 91,897,215Source | 41,243,627Source | 176,678,583Source | 143,749,094Source | 54,937,847Source |
| Accounts Receivable, after Allowance for Credit Loss, CurrentUSD | 2,193,224Source | — | — | 3,149,884Source | 9,125,721Source | 38,687,721Source |
| Assets, CurrentUSD | 762,891,498Source | — | 125,118,683Source | 473,758,812Source | 547,052,704Source | 793,125,325Source |
| Prepaid Expense and Other Assets, CurrentUSD | 226,550,447Source | — | — | 43,451,020Source | 27,145,345Source | 196,720,702Source |
| Operating Lease, Right-of-Use AssetUSD | — | — | 2,079,937Source | 5,588,067Source | 6,641,635Source | 11,704,280Source |
| Other Assets, NoncurrentUSD | — | — | — | 45,548,383Source | 662,762Source | 961,770Source |
| LIABILITIES AND EQUITY | ||||||
| LiabilitiesUSD | 471,343,896Source | — | 735,944,047Source | 257,927,977Source | 117,133,133Source | 390,643,064Source |
| Stockholders’ equity: | ||||||
| Additional Paid in CapitalUSD | 1,142,549,553Source | — | 1,135,958,943Source | 647,442,554Source | 677,992,589Source | 696,694,379Source |
| Retained Earnings (Accumulated Deficit)USD | -381,152,372Source | — | -635,537,260Source | -4,906,050Source | -47,271,902Source | 1,320,766Source |
| Accumulated Other Comprehensive Income (Loss), Net of TaxUSD | — | — | — | 20,944,751Source | 15,753,626Source | 9,621,281Source |
| Stockholders' Equity Attributable to ParentUSD | 650,985,633Source | 537,460,597Source | 397,041,286Source | 559,865,996Source | 537,609,894Source | 626,617,903Source |
| Liabilities and EquityUSD | 1,122,329,529Source | — | 1,132,985,333Source | 817,793,973Source | 654,743,027Source | 1,017,260,967Source |
| Current liabilities: | ||||||
| Liabilities, CurrentUSD | 471,343,895Source | — | 176,721,103Source | 251,381,087Source | 109,542,797Source | 366,946,350Source |
| Operating Lease, Liability, CurrentUSD | — | — | 573,959Source | 1,083,997Source | 1,070,914Source | 1,437,260Source |
| Operating Lease, Liability, NoncurrentUSD | — | — | 1,655,272Source | 5,075,071Source | 5,947,751Source | 11,096,272Source |
| Deferred Income Tax Liabilities, NetUSD | 1Source | — | 1Source | 1,469,200Source | 1,510,463Source | 1,554,853Source |
| Other Liabilities, NoncurrentUSD | — | — | — | 2,619Source | 31,836Source | 45,567Source |
| Additional Financial Items | ||||||
| Deferred Tax Liabilities, NetUSD | — | — | 1Source | — | — | — |
| Long-term Debt, Current MaturitiesUSD | — | — | — | — | 130,458Source | 81,938,082Source |
| Long-term Debt, Excluding Current MaturitiesUSD | — | — | — | — | 100,286Source | 11,000,022Source |
| Restricted Cash and Investments, CurrentCNY | — | — | — | 0Source | 235,215,536Source | — |
| Short-term InvestmentsUSD | — | — | — | 168,669,838Source | 89,447,794Source | 281,481,304Source |
| Common Stock, Value, Issued | —Source | — | — | — | — | — |
cash flow · annual statements
| Line item | Q2 2025 | Q2 2024 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||
| Net Income (Loss), Including Portion Attributable to Noncontrolling InterestUSD | — | — | -621,952,043Source | 41,074,495Source | -5,334,339Source | -161,109,996Source |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||
| Depreciation, Depletion and AmortizationUSD | — | — | 117,007,191Source | 11,942,944Source | 1,107,096Source | 977,212Source |
| Share-based Payment Arrangement, Noncash ExpenseUSD | — | — | 4,881,377Source | 2,344,710Source | 5,421,275Source | 22,983,605Source |
| Changes in operating assets and liabilities: | ||||||
| Increase (Decrease) in Accounts ReceivableUSD | — | — | 1,251,964Source | -7,375,711Source | -28,449,516Source | 6,276,830Source |
| Deferred Income Tax Expense (Benefit)USD | — | — | — | — | 12,610,725Source | 53,837,162Source |
| Net Cash Provided by (Used in) Operating ActivitiesUSD | — | — | -109,829,414Source | -42,497,633Source | 144,512,804Source | -82,263,099Source |
| Cash flows from investing activities: | ||||||
| Payments to Acquire Businesses, Net of Cash AcquiredCNY | — | — | — | — | — | 0Source |
| Net Cash Provided by (Used in) Investing ActivitiesUSD | — | — | 78,681,131Source | -171,233,331Source | 299,257,494Source | 284,104,970Source |
| Cash flows from financing activities: | ||||||
| Payments for Repurchase of Common StockUSD | — | — | 1,249,808Source | 12,455,030Source | 34,772,622Source | — |
| Net Cash Provided by (Used in) Financing ActivitiesUSD | — | — | -148,920,118Source | -17,451,093Source | -168,140,255Source | -433,539,516Source |
| Dividends paid | — | — | — | — | — | —Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate EffectUSD | — | — | -176,293,579Source | -232,961,654Source | 282,517,106Source | -192,512,560Source |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | 117,792,694Source | 91,897,215Source | 41,243,627Source | 217,537,206Source | 463,151,077Source | 185,942,576Source |
| Supplemental disclosure of cash flow information: | ||||||
| Interest Paid, Excluding Capitalized Interest, Operating ActivitiesUSD | — | — | — | — | 2,410,810Source | 12,053,215Source |
| Income Taxes Paid, NetUSD | — | — | — | 362,527Source | 1,104,829Source | 4,903,191Source |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash EquivalentsUSD | — | — | — | -1,779,597Source | 6,887,063Source | 39,185,085Source |
| Additional Financial Items | ||||||
| Share-based Payment Arrangement, ExpenseUSD | — | — | — | 2,344,710Source | 5,421,275Source | 22,983,605Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | — | — | 3,393,431Source | -1,422,402Source |
| DepreciationUSD | — | — | 815,814Source | 273,344Source | 939,533Source | 794,965Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | — | — | 3,393,431Source | -1,422,402Source |
| Equity Securities, FV-NI, Unrealized Gain (Loss)USD | — | — | — | 1,204,030Source | -6,919Source | -168,555Source |
| Financing Interest ExpenseUSD | — | — | — | — | 1,833,368Source | 8,862,809Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | — | — | -225,383Source | 226,156Source | 154,823Source | 858,063Source |
| Gain (Loss) on InvestmentsUSD | — | — | — | 1,204,030Source | 3,393,431Source | — |
| Gain (Loss) on Disposition of Property Plant EquipmentUSD | — | — | 480,936Source | -26,258Source | 52,520Source | -33,124Source |
| General and Administrative ExpenseUSD | — | — | — | 34,272,342Source | 22,108,264Source | 43,429,995Source |
| GoodwillUSD | — | — | — | — | — | 21,553,380Source |
| Goodwill, Impairment LossUSD | — | — | — | — | 20,938,037Source | 0Source |
| Impairment of Intangible Assets, Finite-livedCNY | — | — | — | 0Source | 0Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | — | — | -452,789,334Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | — | — | -169,162,709Source | — | — | — |
| Income Tax Expense (Benefit)USD | — | — | 842,023Source | 181,055Source | 13,163,101Source | 34,317,772Source |
| InterestExpenseNonoperatingUSD | — | — | — | 90,312Source | — | — |
| Inventory Write-downUSD | — | — | — | — | 156,747Source | — |
| Net Income (Loss) Attributable to ParentUSD | — | — | -621,952,043Source | 41,074,495Source | -5,334,339Source | -161,109,996Source |
| Net Income (Loss) Attributable to Noncontrolling InterestCNY | — | — | — | — | — | 0Source |
| Operating ExpensesUSD | — | — | — | — | — | 424,461,605Source |
| Other Nonoperating Income (Expense)USD | — | — | — | — | — | 7,548,965Source |
| Proceeds from Stock Options ExercisedUSD | — | — | 495,936Source | 356,711Source | 381,020Source | 1,020,912Source |
| Restricted Cash and Investments, CurrentCNY | — | — | — | 0Source | 235,215,536Source | — |
| Unrealized Gain (Loss) on InvestmentsUSD | — | — | — | — | — | -1,422,402Source |
income statement · annual statements
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|
| Total RevenueUSD | 688,079,223Source | 110,214,479Source | 239,710,241Source | 287,138,761Source |
| Cost of Goods and Services Sold | —Source | —Source | —Source | —Source |
| Gross Profit (Calculated) · Derived | — | — | — | — |
| Operating Income (Loss)USD | -437,095,753Source | 24,508,349Source | -10,387,615Source | -137,322,844Source |
| Other Nonoperating Income (Expense)USD | — | — | — | 7,548,965Source |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling InterestUSD | -451,947,311Source | 41,255,550Source | 7,828,762Source | -126,792,224Source |
| Income Tax Expense (Benefit)USD | 842,023Source | 181,055Source | 13,163,101Source | 34,317,772Source |
| Net Income (Loss) Attributable to Noncontrolling InterestCNY | — | — | — | 0Source |
| Net Income (Loss) Attributable to ParentUSD | -621,952,043Source | 41,074,495Source | -5,334,339Source | -161,109,996Source |
| Weighted Average Number of Shares Outstanding, Basicshares | 283,289,035Source | 208,197,617Source | 243,048,785Source | — |
| Weighted Average Number of Shares Outstanding, Dilutedshares | 283,289,035Source | 233,032,722Source | 243,048,785Source | — |
| Interest Expense (non-operating)USD | — | 90,312Source | — | — |
| Additional Financial Items | ||||
| Cost of Goods and Service, Excluding Depreciation, Depletion, and AmortizationUSD | 543,299,866Source | — | — | — |
| Cost of Property Repairs and MaintenanceUSD | 9,497,111Source | 831,034Source | 182,389,346Source | 229,191,382Source |
| Costs and ExpensesUSD | 1,125,174,976Source | 85,706,130Source | 250,097,856Source | — |
| Current Income Tax Expense (Benefit)USD | 842,023Source | 181,055Source | 552,376Source | -19,519,390Source |
| Debt and Equity Securities, Gain (Loss)USD | — | — | 3,393,431Source | -1,422,402Source |
| Equity Securities, FV-NI, Realized Gain (Loss)USD | — | — | 3,393,431Source | -1,422,402Source |
| Financing Interest ExpenseUSD | — | — | 1,833,368Source | 8,862,809Source |
| Foreign Currency Transaction Gain (Loss), before TaxUSD | -225,383Source | 226,156Source | 154,823Source | 858,063Source |
| Gain (Loss) on InvestmentsUSD | — | 1,204,030Source | 3,393,431Source | — |
| General and Administrative ExpenseUSD | — | 34,272,342Source | 22,108,264Source | 43,429,995Source |
| Goodwill, Impairment LossUSD | — | — | 20,938,037Source | 0Source |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to ParentUSD | -452,789,334Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic ShareUSD per share | -1.6Source | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted ShareUSD per share | -1.6Source | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to ParentUSD | -169,162,709Source | — | — | — |
| Interest and Other IncomeUSD | 2,017,566Source | 14,565,491Source | 11,150,147Source | 6,340,639Source |
| Interest ExpenseUSD | — | — | 577,442Source | 2,437,113Source |
| Interest Income, Debt Securities, OperatingUSD | — | 14,565,491Source | 11,150,147Source | 6,340,639Source |
| Operating ExpensesUSD | — | — | — | 424,461,605Source |
| Other Cost of Operating RevenueUSD | 8,966,866Source | 1,236,317Source | 11,839,183Source | 8,092,055Source |
| Other IncomeUSD | — | 714,212Source | 1,209,585Source | — |
| Research and Development ExpenseUSD | — | 748,980Source | 4,241,493Source | 6,663,406Source |
| Selling and Marketing ExpenseUSD | — | 1,794,599Source | 5,481,991Source | 19,251,216Source |
Filing attachments
ex99-1.htm · 6-K · 2026-09-03
Exhibit 99.1 Cango Inc. Regains Compliance with NYSE Minimum Share Price Requirement Dallas, Texas, September 3, 2026 - Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today announced that it has received written notification from the New York Stock Exchange (“NYSE”) confirming that the Company has regained compliance with the NYSE’s continued listing standard under Section 802.01C of the NYSE Listed Company Manual regarding the minimum share price requirement. As previously disclosed, the…
Read attachment ↗ex99-1.htm · 6-K · 2026-08-31
Exhibit 99.1 Cango Inc. Reports Second Quarter 2026 Unaudited Financial Results Dallas, Texas, August 31, 2026 - Cango Inc. (NYSE: CANG) (“Cango” or the “Company”), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced its unaudited financial results for the second quarter ended June 30, 2026. Second Quarter of 2026 Financial and Operational Highlights Financial Performance: Even as the broader mining industry we…
Read attachment ↗tm2620856d1_ex99-1.htm · 6-K · 2026-07-21
Exhibit 99.1 Cango Inc. Announces Effectiveness of 10-for-1 Share Consolidation Dallas, Texas, July 21, 2026 - Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that the share consolidation of its authorized, issued and outstanding Class A ordinary shares and Class B ordinary shares on a 10-for-1 ratio became effective at 5:00 P.M. U.S. Eastern Time on July 20, 2026. The Company expects its Class A ordinary shares to begin trading on the New York Stock Exchange on a post-shar…
Read attachment ↗tm2620198d1_ex99-1.htm · 6-K · 2026-07-10
Exhibit 99.1 Cango Inc. Announces Effective Date and Ratio for Share Consolidation Dallas, Texas, July 10, 2026 - Cango Inc. (NYSE: CANG) ("Cango" or the "Company") today announced that, pursuant to the authorization granted by the Company's shareholders at the extraordinary general meeting held on June 24, 2026, its board of directors has determined the effective date and share consolidation ratio for its previously approved share consolidation. The Company will effect the consolidation of i…
Read attachment ↗tm2618447d1_ex99-1.htm · 6-K · 2026-06-24
Exhibit 99.1 Cango Inc. Announces Results of Extraordinary General Meeting Dallas, Texas, June 24, 2026 - Cango Inc. (NYSE: CANG) (“Cango” or the “Company”) today announced the results of its extraordinary general meeting of shareholders (“EGM”) held on June 24, 2026. At the EGM, the Company’s shareholders approved the following resolutions: 1. An ordinary resolution that the authorized share capital of the Company, comprising both issued and unissued Class A ordinary shares of a par value o…
Read attachment ↗tm2616484d1_ex99-1.htm · 6-K · 2026-06-02
Exhibit 99.1 Cango Inc. Reports First Quarter 2026 Unaudited Financial Results Dallas, Texas, June 1, 2026 - Cango Inc. (NYSE: CANG) ("Cango" or the "Company"), a leading Bitcoin miner leveraging its global operations to develop an integrated energy and AI compute platform, today announced its unaudited financial results for the first quarter ended March 31, 2026. First Quarter of 2026 Financial and Operational Highlights AI Development: Building on its core infrastructure capabilities, …
Read attachment ↗