Cango (CANG) EBITDA (2017 - 2025)
Cango (CANG) posted quarterly EBITDA of -$291.7 million for Q4 2025, down 3277.52% year-over-year from $9.2 million in Q4 2024, and down 881.63% on a QoQ basis from $37.3 million in Q3 2025.
Cango (CANG) EBITDA (2017 - 2025) Analysis & Trends
Cango (CANG) has reported EBITDA for 9 consecutive years, with -$291.7 million the latest figure, recorded in 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 came in at -$291.7 million for Q4 2025 at Cango, down from $37.3 million in the prior quarter.
- The five-year high for EBITDA was $79.9 million in Q2 2021, with the low at -$294.9 million in Q2 2025.
- Average EBITDA over 5 years is -$32.8 million, with a median of -$7.1 million recorded in 2023.
- The largest YoY upside for EBITDA was 770.85% in 2021 against a maximum downside of 4638.44% in 2021.
- Year by year, EBITDA stood at $14.1 million in 2021, then tumbled 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 sank by 3277.52% to -$291.7 million in 2025.
- According to Business Quant data, EBITDA over the past three periods registered -$291.7 million, $37.3 million, and -$294.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | 19.58 Bn |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | 23.57 Bn |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | 4.01 Bn |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 441.58 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 304.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | 584.88 Mn |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | 294.45 Mn |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 46.00 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | -254.94 Mn |
| 10 | Cango | 9,065.91 | -41.23 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 |