Cango (CANG) Cost of Revenue (2017 - 2025)

Cango (CANG) recorded quarterly Cost of Revenue of $155.3 million in Q4 2025, down 2.58% quarter-over-quarter from $159.4 million in Q3 2025, and up 144.35% on a YoY basis from $63.5 million in Q4 2024.

Cango (CANG) Cost of Revenue (2017 - 2025) Analysis & Trends

Cango's Cost of Revenue history runs 9 years deep, the most recent figure standing at $155.3 million for Q4 2025.

  • In Q4 2025, Cost of Revenue rose 144.35% year-over-year to $155.3 million; the TTM figure through Dec 2025 stood at $57.7 billion (up 88509.14% YoY), while the FY2025 annual figure was $543.3 million, up 754.95% from the prior year.
  • Cost of Revenue was $155.3 million for Q4 2025 at Cango, down from $159.4 million in the prior quarter.
  • In the past five years, Cost of Revenue ranged from a high of $57.2 billion in Q1 2025 to a low of $481019.0 in Q3 2024.
  • Historically, Cost of Revenue has averaged $2.9 billion across 5 years, with a median of $6.8 million in 2021.
  • The sharpest annual moves came in 2023 and 2025: Cost of Revenue tumbled 78.51% in 2023, then jumped 11644463.85% in 2025.
  • A 5-year view of Cost of Revenue shows it stood at $11.6 million in 2021, then tumbled by 75.91% to $2.8 million in 2022, then sank by 78.22% to $607695.8 in 2023, then soared by 10357.1% to $63.5 million in 2024, then jumped by 144.35% to $155.3 million in 2025.
  • The last three Cost of Revenue figures came in at $155.3 million (Q4 2025), $159.4 million (Q3 2025), and $116.8 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 SOL Strategies 95,219.34 Bn 95,219.34 Bn - -
2 Morgan Stanley 323.01 Bn 189.48 Bn - -
3 Goldman Sachs 303.95 Bn -633.60 Bn - -
4 Schwab Charles 155.80 Bn 110.82 Bn - -
5 Robinhood Markets 77.67 Bn 73.03 Bn 960.00 Mn 107.00 Mn
6 Interactive Brokers 38.08 Bn 48.67 Bn - -
7 LPL Financial Holdings 23.19 Bn 22.17 Bn - -
8 Tradeweb Markets 21.40 Bn 20.15 Bn - -
9 Circle Internet 19.36 Bn 17.84 Bn 35.01 Mn 6.62 Mn
10 Cango 86.43 Mn 45.19 Mn 24.17 Mn 155.28 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 155.28 Mn
Dec 31, 2025 155.28 Mn
Sep 30, 2025 159.38 Mn
Sep 30, 2025 159.38 Mn
Jun 30, 2025 116.83 Mn
Jun 30, 2025 116.83 Mn
Mar 31, 2025 57.22 Bn
Mar 31, 2025 57.22 Bn
Dec 31, 2024 63.55 Mn
Dec 31, 2024 63.55 Mn
Sep 30, 2024 481,019.00
Sep 30, 2024 481,019.00
Jun 30, 2024 548,421.00
Jun 30, 2024 548,421.00
Mar 31, 2024 491,430.00
Mar 31, 2024 491,430.00
Dec 31, 2023 607,695.82
Dec 31, 2023 607,695.82
Sep 30, 2023 1.35 Mn
Sep 30, 2023 1.35 Mn