Cango Inc.
CANG · Price history
Price at last available close
$1.25
−$1.24 (-49.80%) 1M
2026-10-29
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Company & revenue
About Cango Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Cango Inc. operates bitcoin mining business with mining operation across North America, the Middle East, South America, and East Africa. It also operates an online international used car export business through AutoCango. com.
How they make money
Cango Inc. operates primarily as a Bitcoin mining company, generating revenue through the validation of transactions on the Bitcoin blockchain. The company also maintains legacy automotive transaction services in China, which facilitate car purchases by connecting consumers with dealers and financial institutions.
Products & services
Bitcoin mining operations and automotive transaction services including dealer facilitation and financing support.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Disclosed major customers
- AntpoolSource
Customer concentration
The company is subject to significant customer concentration risk, as revenue attributable to Antpool represented approximately 98.57% of its revenue from the crypto mining business in 2025.
Suppliers, materials & equipment
- Mining pool operators — The company utilizes various mining pool operators to facilitate its crypto mining activities; specific supplier names are unnamed.Source
Strengths
- Diversified business model spanning crypto assets and automotive servicesSource
Sources
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
24
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
27
Poor
Financial Strength
22
Business Quality / Moat
63
Management
0
Growth Quality
27
Risk / Durability
10
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
37
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
46/100
Building Historical Record
Model Score 46/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
- •Asset quality scores strongly
- •Recent buyback activity is present
- •Share split detected
- •High debt risk
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for CANG
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving CANG's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can CANG fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Is CANG's debt load manageable relative to cash generation, interest costs and upcoming maturities?
- •What specifically needs to improve for CANG to reach sustainable profitability?
- •What future growth or profitability would be needed to justify CANG's current valuation?
Essential Investment Snapshot
Wall Street Score
24
Opportunity Score
37
Market Cap
$49.2M
P/E Ratio
-0.1
EPS
$-16.70
52-Week High
$24.60
52-Week Low
$1.36
Beta
1.09
Analyst Target
$3.00
Shares Outstanding
28.3M
Total Revenue
$216.2M
Total Debt
$51.7M
Dividend
No current dividend
Liquidation Value / Share
$4.66
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Extreme movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for CANG
Detected from reported data — verify before acting.Share split detected
A recent SEC filing references a reverse stock split/share consolidation. Repeated reverse splits receive progressively harsher score ceilings.
Supporting sourceDividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
High debt risk
Total debt is at least one year of revenue • Interest coverage is below 2x • Free cash flow is negative • Cash covers less than 20% of total debt
Community Sentiment
0 active · 0 total callsNo personal call yet on CANG.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Diversified business model spanning crypto assets and automotive services.
Potential downside factors
- −Debt risk (high): Total debt is at least one year of revenue.
- −Interest coverage is below 2x.
- −Free cash flow is negative.
- −Cash covers less than 20% of total debt.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
5 historical score records availablePrevious Score
28
Sep 9, 2026
Change
-3.9
points
Current Score
24
Oct 1, 2026
Category Changes
CANG decreased 3.9 points because Debt declined by 7.6 points, Revenue declined by 20 points, Moat declined by 8.6 points.
Negative Contributors
- − Debt declined by 7.6 points
- − Revenue declined by 20 points
- − Moat declined by 8.6 points
- − Buffett declined by 7.2 points
Projected Score
Projected Score
30
Projected Change
+6.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 6.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.25
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Large reported revenue change: +498.1%
Revenue changed sharply from 2024 to 2025. This can reflect a real business change, acquisition, divestiture, discontinued operations, restatement, or reporting-basis change. Compare the underlying filing before treating it as normal growth or decline.
TTM may combine quarters from before and after the event, so its trend can also be distorted.
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $694.7M | $716.3M | $119.8M | $253.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $725.0M | $687.0M | $53.5M | $225.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | -$30.3M | $29.3M | $66.2M | $28.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | -$48K | $0.00 | $814K | $4.5M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $5.9M | $4.3M | $39.2M | $29.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | -$18.3M | $31.8M | $39.6M | $39.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$287.9M | -$328.3M | $27.2M | $11.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$12.0M | -$2.5M | $26.6M | -$11.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $26.5M | $20.8M | $98K | $610K | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$763.0M | -$470.5M | $44.8M | $8.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $1.1M | $877K | $197K | $13.9M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$746.9M | -$471.4M | $44.6M | -$5.6M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-24.26 | $-16.66 | $1.07 | $-0.11 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 41.02M | 28.33M | 46.48M | 48.61M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 41.02M | 28.33M | 46.61M | 48.61M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$51.5M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$2.02
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+54.3%
Cash Change
-41.6%
Margin Change
+50.5 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
What Weakened
- Cash position declined
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, net income margin. Pressure indicators included cash levels, debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 147.8%. EPS increased 96.8%. Cash declined 41.6%. Total debt increased 54.3%. Net income margin improved by 50.5 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
5 historical recordsHistorical Score Chart
3 of 5 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · CANG
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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