Cango (CANG) EBITDA (2017 - 2025)
Cango (CANG) recorded quarterly EBITDA of -$291.7 million in Q4 2025, down 881.63% quarter-over-quarter from $37.3 million in Q3 2025, and down 3277.52% on a YoY basis from $9.2 million in Q4 2024.
Cango (CANG) EBITDA (2017 - 2025) Analysis & Trends
Cango's EBITDA history runs 9 years deep, the most recent figure standing at -$291.7 million for Q4 2025.
- In Q4 2025, EBITDA fell 3277.52% year-over-year to -$291.7 million; the TTM figure through Dec 2025 stood at -$583.2 million (down 1426.74% YoY), while the FY2025 annual figure was -$572.4 million, down 1949.72% from the prior year.
- EBITDA was -$291.7 million for Q4 2025 at Cango, down from $37.3 million in the prior quarter.
- In the past five years, EBITDA ranged from a high of $79.9 million in Q2 2021 to a low of -$294.9 million in Q2 2025.
- Historically, EBITDA has averaged -$32.8 million across 5 years, with a median of -$7.1 million in 2023.
- Biggest YoY gain for EBITDA was 770.85% in 2021; the steepest drop was 4638.44% in 2021.
- A 5-year view of EBITDA shows it stood at $14.1 million in 2021, then slumped by 575.06% to -$67.0 million in 2022, then surged by 71.35% to -$19.2 million in 2023, then jumped by 54.98% to -$8.6 million in 2024, then plunged by 3277.52% to -$291.7 million in 2025.
- The last three EBITDA figures came in at -$291.7 million (Q4 2025), $37.3 million (Q3 2025), and -$294.9 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | SOL Strategies | 100,773.79 Bn | 100,773.79 Bn | - | -35.15 Mn |
| 2 | Morgan Stanley | 331.35 Bn | 197.82 Bn | - | 19.58 Bn |
| 3 | Goldman Sachs | 317.73 Bn | -619.82 Bn | - | 23.57 Bn |
| 4 | Schwab Charles | 153.74 Bn | 108.77 Bn | - | 4.01 Bn |
| 5 | Robinhood Markets | 75.98 Bn | 71.34 Bn | 960.00 Mn | 304.00 Mn |
| 6 | Interactive Brokers | 38.91 Bn | 49.50 Bn | - | 246.00 Mn |
| 7 | LPL Financial Holdings | 22.76 Bn | 21.73 Bn | - | 584.88 Mn |
| 8 | Tradeweb Markets | 20.90 Bn | 19.65 Bn | - | 294.45 Mn |
| 9 | Circle Internet | 20.00 Bn | 18.49 Bn | 35.01 Mn | 46.00 Mn |
| 10 | Cango | 91.50 Mn | 50.26 Mn | 24.17 Mn | -291.70 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -291.70 Mn |
| Sep 30, 2025 | 37.32 Mn |
| Jun 30, 2025 | -294.92 Mn |
| Mar 31, 2025 | -33.85 Mn |
| Dec 31, 2024 | -8.64 Mn |
| Sep 30, 2024 | 24.31 Mn |
| Jun 30, 2024 | 12.91 Mn |
| Mar 31, 2024 | 15.36 Mn |
| Dec 31, 2023 | -19.18 Mn |
| Sep 30, 2023 | -5.66 Mn |
| Jun 30, 2023 | 15.76 Mn |
| Mar 31, 2023 | 10.59 Mn |
| Dec 31, 2022 | -66.96 Mn |
| Sep 30, 2022 | 1.59 Mn |
| Jun 30, 2022 | -16.83 Mn |
| Mar 31, 2022 | -24.05 Mn |
| Dec 31, 2021 | 14.10 Mn |
| Sep 30, 2021 | -65.57 Mn |
| Jun 30, 2021 | 79.86 Mn |
| Mar 31, 2021 | -40.23 Mn |