Stratrix
Company data sheet · Cango

Cango: three lost years, and the economy wasn't the reason.

Industry
Finance Services
Headquarters
United States
Ticker
CANG (NYSE)
Sources
SEC filings (2018–2026), Stratrix's verified Decision Cases, market data and official economic statistics for the United States
Data as of
October 18, 2026
  1. From profit to three straight losses. Cango earned $4.1 billion in 2018–2020. Then it lost money every year from 2021 to 2023: $1.1 billion in all. 2024 was its first profit in four years: $0 billion.
  2. It wasn't the cycle. The losses began in 2021, a year the US economy grew 6.3%. When a company falls while its economy grows, look inside the company first.
  3. Ahead of almost everyone like it. From 2016 to 2025, its revenue grew 958% in US dollars; the median among 258 large financial companies grew 76%. It outgrew 97% of them.
  4. Still smaller than it was. Revenue reached $0.7 billion in 2025, 82% below its 2021 peak of $3.9 billion.

Financial results

Fiscal yearRevenueNet income
2016$0.4 billion$0.1 billion
2017$1.1 billion$0.3 billion
2018$1.1 billion$0.3 billion
2019$1.4 billion$0.4 billion
2020$2.1 billion$3.4 billion
2021$3.9 billion−$0 billion
2022$2 billion−$1.1 billion
2023$1.7 billion−$0 billion
2024$0.8 billion$0 billion
2025$0.7 billion−$0.6 billion

As reported in its annual filings. Losses in red.

The full data sheet · Data Plan

Everything behind these findings, ready for your board deck.

  • Economic context: 7 measures for the United States, every year since 2016, from the official sources.
  • Peer comparison: against 448 companies of its size in its sector.
  • Financial results: ten years of revenue, operating and net income, and every annual report, linked.
  • Methods and sources, so each number can be checked and cited.
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