Cango (CANG) Research & Development (2017 - 2025)
Cango (CANG) posted Research & Development of $44,785 for Q1 2025, down 70.6% from $152,086 a year earlier and down 74.3% from the prior quarter.
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Analysis
Cango (CANG) Research & Development (2017 - 2025) Analysis & Trends
For the trailing twelve months through Mar 31, 2025, Research & Development at Cango was $652,169, down 79.5% year-over-year; for FY2024, it came in at $748,980, down 82.3% from FY2023.
- Annual Research & Development has declined for three consecutive years, with a five-year compound annual growth rate of -38.1% (FY2019 to FY2024).
- In prior years, Cango's Research & Development was $4.24 million in FY2023 (-36.3%), $6.66 million in FY2022 (-39.6%), $11.03 million in FY2021 (+15.0%) and $9.59 million in FY2020 (+16.3%).
- The Q1 2025 figure stands as the lowest quarterly Research & Development in data going back to Q2 2017.
- On a year-over-year basis, Research & Development has declined in each of the last 12 quarters, with an average decline of 61.6% over the last eight quarters.
- The strongest year-over-year quarter for Research & Development in the past five years was Q2 2021, with growth of 32.6%; the weakest was Q1 2024, with a decline of 87.1%.
- According to Business Quant data, Research & Development for the three prior quarters was $174,558 (Q4 2024), $202,954 (Q3 2024) and $229,872 (Q2 2024).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | Cango | 81.37 Mn | -128,618.41 Bn | 86,491.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2025 | 44,785.00 |
| Dec 31, 2024 | 174,558.00 |
| Sep 30, 2024 | 202,954.00 |
| Jun 30, 2024 | 229,872.00 |
| Mar 31, 2024 | 152,086.00 |
| Dec 31, 2023 | 1.01 Mn |
| Sep 30, 2023 | 958,153.00 |
| Jun 30, 2023 | 1.07 Mn |
| Mar 31, 2023 | 1.18 Mn |
| Dec 31, 2022 | 1.22 Mn |
| Sep 30, 2022 | 1.43 Mn |
| Jun 30, 2022 | 1.92 Mn |
| Mar 31, 2022 | 2.29 Mn |
| Dec 31, 2021 | 3.71 Mn |
| Sep 30, 2021 | 2.70 Mn |
| Jun 30, 2021 | 2.42 Mn |
| Mar 31, 2021 | 2.07 Mn |
| Dec 31, 2020 | 3.52 Mn |
| Sep 30, 2020 | 2.08 Mn |
| Jun 30, 2020 | 1.83 Mn |
API Access
Cango Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=CANG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "CANG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=CANG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();