Cango (CANG) Cost of Revenue (2017 - 2025)
Cango (CANG) posted quarterly Cost of Revenue of $155.3 million for Q4 2025, up 144.35% year-over-year from $63.5 million in Q4 2024, and down 2.58% quarter-over-quarter from $159.4 million in Q3 2025.
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 $563.1 million (up 655.47% YoY), while the FY2025 annual figure was $543.3 million, up 754.95% from the prior year.
- Cost of Revenue for Q4 2025 stood at $155.3 million, down from $159.4 million in the prior quarter.
- The five-year high for Cost of Revenue was $159.4 million in Q3 2025, with the low at $3.3 million in Q3 2024.
- The 5-year median for Cost of Revenue is $77.4 million (2023), against an average of $79.1 million.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue plunged 95.7% in 2024, then soared 4708.59% in 2025.
- Cango's Cost of Revenue stood at $138.2 million in 2021, then plunged by 49.46% to $69.8 million in 2022, then tumbled by 77.95% to $15.4 million in 2023, then jumped by 312.66% to $63.5 million in 2024, then soared by 144.35% to $155.3 million in 2025.
- Business Quant data shows CANG's Cost of Revenue at $155.3 million in Q4 2025, $159.4 million in Q3 2025, and $116.8 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 333.21 Bn | 173.07 Bn | - | - |
| 2 | Goldman Sachs | 311.14 Bn | -665.21 Bn | - | - |
| 3 | Schwab Charles | 196.95 Bn | 123.36 Bn | - | - |
| 4 | Robinhood Markets | 93.19 Bn | 75.81 Bn | 1.20 Bn | 104.00 Mn |
| 5 | Interactive Brokers | 41.71 Bn | -22.59 Bn | - | - |
| 6 | LPL Financial Holdings | 29.06 Bn | 26.36 Bn | - | - |
| 7 | Tradeweb Markets | 23.03 Bn | 20.97 Bn | - | - |
| 8 | Circle Internet | 21.70 Bn | 19.97 Bn | 288.85 Mn | 412.47 Mn |
| 9 | Futu Holdings | 16.14 Bn | 214.18 Mn | 733.58 Mn | 93.63 Mn |
| 10 | Cango | 63.74 Mn | 56.57 Mn | 2.42 Mn | 99.58 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 | 131.62 Mn |
| Mar 31, 2025 | 131.62 Mn |
| Dec 31, 2024 | 63.55 Mn |
| Dec 31, 2024 | 63.55 Mn |
| Sep 30, 2024 | 3.31 Mn |
| Sep 30, 2024 | 3.31 Mn |
| Jun 30, 2024 | 3.65 Mn |
| Jun 30, 2024 | 3.65 Mn |
| Mar 31, 2024 | 4.02 Mn |
| Mar 31, 2024 | 4.02 Mn |
| Dec 31, 2023 | 15.40 Mn |
| Dec 31, 2023 | 15.40 Mn |
| Sep 30, 2023 | 41.75 Mn |
| Sep 30, 2023 | 41.75 Mn |