Cango Inc.
Cango Inc. (CANG) Financial Performance & Income Statement Overview
Access detailed quarterly and annual financial reports for Cango Inc. (CANG), covering cash flow, earnings, and balance sheets.
Cango Inc. (CANG) Income Statement & Financial Overview
Access detailed annual and quarterly income data for Cango Inc. CANG financial performance.
| Metric | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 |
|---|---|---|---|---|
| Revenue | $668.03M | $26.95M | $45.08M | $64.42M |
| Cost of Revenue | $484.43M | $23.26M | $26.53M | $29.06M |
| Gross Profit | $183.60M | $3.69M | $18.55M | $35.36M |
| Gross Profit Ratio | $0.27 | $0.14 | $0.41 | $0.55 |
| R&D Expenses | $1.27M | $1.42M | $1.67M | $1.10M |
| SG&A Expenses | $130.06M | $48.57M | $43.16M | $41.47M |
| Operating Expenses | $161.07M | -$31.54M | -$28.42M | -$38.79M |
| Total Costs & Expenses | $645.50M | -$8.28M | -$1.90M | -$9.73M |
| Interest Income | $0.00 | $25.74M | $33.75M | $16.50M |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 |
| Depreciation & Amortization | $1.67M | $29.40M | $37.04M | $43276.00 |
| EBITDA | $53.93M | $64.64M | $78.37M | $60.80M |
| EBITDA Ratio | $0.08 | $2.40 | $1.74 | $0.94 |
| Operating Income | $22.53M | $35.24M | $46.98M | $74.15M |
| Operating Income Ratio | $0.03 | $1.31 | $1.04 | $1.15 |
| Other Income/Expenses (Net) | $33.53M | $29.40M | $31.40M | $27.92M |
| Income Before Tax | $56.06M | $64.64M | $78.37M | $102.07M |
| Income Before Tax Ratio | $0.08 | $2.40 | $1.74 | $1.58 |
| Income Tax Expense | $169965.00 | -$3.24M | -$7.65M | $12.04M |
| Net Income | $55.89M | $67.88M | $86.02M | $90.03M |
| Net Income Ratio | $0.08 | $2.52 | $1.91 | $1.40 |
| EPS | $0.96 | $0.60 | $0.83 | $0.85 |
| Diluted EPS | $0.96 | $0.60 | $0.76 | $0.80 |
| Weighted Avg Shares Outstanding | $116.43M | $113.19M | $113.19M | $112.53M |
| Weighted Avg Shares Outstanding (Diluted) | $116.49M | $113.66M | $113.66M | $112.79M |
Over the last four quarters, Cango Inc.'s revenue moved from $64.42M in Q1 2024 to $668.03M in Q4 2024. Operating income in Q4 2024 was $22.53M, with a strong operating margin of 3%. Despite fluctuations in R&D and SG&A expenses, EBITDA for Cango Inc. remained robust at $53.93M, reflecting operational efficiency. Net income dropped to $55.89M, with an EPS of $0.96. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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