← Cango Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash and cash equivalents | $2.9b | $2.0b | $1.4b | $1.4b | $378.9m | $1.0b | $1.3b | $41.2m | |
| Short-term investments, net | $265.9m | $597.3m | $4.3b | $2.6b | $1.9b | $635.1m | $1.2b | — | |
| Accounts receivable, net | $86.5m | $148.6m | $141.6m | $223.5m | $266.8m | $64.8m | $23.0m | $2.7m | |
| Prepayments and other current assets, net | — | — | — | — | $1.4b | $78.6m | $226.4m | $6.8m | |
| Receivable for Bitcoin collateral, net | — | — | — | — | — | — | $84.5m | — | |
| Other current assets, net - related party | — | — | — | — | — | — | — | $74.3m | |
| Receivable for Bitcoin collateral, net - non-current - related party | — | — | — | — | — | — | — | $663.0m | |
| Total current assets | $4.8b | $5.5b | $8.9b | $7.6b | $5.5b | $3.9b | $3.5b | $125.1m | |
| Property, plant and equipment, net | $18.3m | $14.7m | $10.3m | $19.5m | $14.7m | $8.2m | $6.6m | $18.8m | |
| Intangible assets, net | $1.7m | $44.8m | $44.9m | $45.9m | $48.3m | $48.4m | $47.4m | $293k | |
| Operating lease right-of-use assets, net | — | — | — | $0 | $80.7m | $47.2m | $40.8m | $2.1m | |
| Crypto currencies | — | — | — | — | — | — | — | $43k | |
| Current assets of discontinued operations | — | — | — | — | — | — | $230.1m | — | |
| Mining machines, net | — | — | — | — | — | — | $1.8b | $248.7m | |
| Other non-current assets, net | — | — | — | — | — | $4.7m | $329.8m | $75.0m | |
| Non-current assets of discontinued operations | — | — | — | — | — | — | $56.4m | — | |
| Accrued expenses and other current liabilities | $211.5m | $278.7m | $324.7m | $719.0m | $890.8m | $206.9m | $1.3b | $169.7m | |
| Income tax payable | $53.5m | $67.3m | $87.1m | $481.9m | $313.4m | $311.9m | $311.1m | $88.8m | |
| Short-term operating lease liabilities | — | — | — | $0 | $9.9m | $7.6m | $7.9m | $574k | |
| Current liabilities of discontinued operations | — | — | — | — | — | — | $20.5m | — | |
| Long-term operating lease liabilities | — | — | — | $0 | $76.5m | $42.2m | $37.0m | $1.7m | |
| Non-current liabilities of discontinued operations | — | — | — | — | — | — | $6.5m | — | |
| Ordinary shares | $204k | $204k | $204k | $204k | $204k | $204k | $199k | $44k | |
| Treasury shares | — | ($20.6m) | ($56.4m) | ($485.3m) | ($559.0m) | ($773.1m) | ($756.5m) | ($103.4m) | |
| Total non-current assets | $2.5b | $3.2b | $3.2b | $3.3b | $1.5b | $764.6m | $2.5b | $1.0b | |
| Total non-current liabilities | $480.4m | $335.8m | $1.3b | $538.8m | $163.4m | $53.9m | $47.8m | $559.2m | |
| Total shareholders' equity | $5.3b | $5.5b | $8.4b | $7.0b | $4.3b | $3.8b | $4.1b | $397.0m | |
| TOTAL ASSETS | $7.3b | $8.7b | $12.1b | $10.9b | $7.0b | $4.6b | $6.0b | $1.1b | |
| Short-term debts | $660.0m | $1.4b | $355.8m | $579.8m | $349.3m | $39.1m | $124.6m | — | |
| Total current liabilities | $1.6b | $2.9b | $2.5b | $3.4b | $2.5b | $777.7m | $1.8b | $176.7m | |
| Long-term debts - related party | $136.7m | $167.4m | $338.2m | $223.5m | $92.9m | $231k | $17.1m | $557.6m | |
| Deferred tax liability | — | $12.3m | $330.8m | $51.5m | $10.7m | $10.7m | $10.7m | $1 | |
| Total liabilities | $2.0b | $3.2b | $3.8b | $4.0b | $2.7b | $831.6m | $1.9b | $735.9m | |
| Additional paid-in capital | $4.4b | $4.5b | $4.6b | $4.7b | $4.8b | $4.8b | $4.7b | $1.1b | |
| Accumulated other comprehensive loss | $109.5m | $119.4m | ($115.4m) | ($187.5m) | $66.4m | $111.8m | $152.9m | — | |
| Accumulated deficit | $698.0m | $852.5m | $4.0b | $3.0b | $9.1m | ($335.6m) | ($35.8m) | ($635.5m) | |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | $7.3b | $8.7b | $12.1b | $10.9b | $7.0b | $4.6b | $6.0b | $1.1b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.