Cango (CANG) Research & Development (2017 - 2025)
Cango (CANG) posted quarterly Research & Development of $57324.0 for Q1 2025, down 88.34% year-over-year from $491430.0 in Q1 2024, and down 80.89% quarter-over-quarter from $300023.0 in Q4 2024.
Cango (CANG) Research & Development (2017 - 2025) Analysis & Trends
Cango's Research & Development history runs 9 years deep, the most recent figure standing at $57324.0 for Q1 2025.
- In Q1 2025, Research & Development fell 88.34% year-over-year to $57324.0; the TTM figure through Mar 2025 stood at $1.4 million (down 66.39% YoY), while the FY2024 annual figure was $1.8 million, down 67.26% from the prior year.
- Research & Development for Q1 2025 stood at $57324.0, down from $300023.0 in the prior quarter.
- The five-year high for Research & Development was $11.6 million in Q4 2021, with the low at $57324.0 in Q1 2025.
- The 5-year median for Research & Development is $1.8 million (2023), against an average of $3.8 million.
- The sharpest annual moves came in 2021 and 2025: Research & Development soared 56.99% in 2021, then plunged 88.34% in 2025.
- Cango's Research & Development stood at $11.6 million in 2021, then slumped by 75.91% to $2.8 million in 2022, then plunged by 78.22% to $607695.8 in 2023, then sank by 50.63% to $300023.0 in 2024, then sank by 80.89% to $57324.0 in 2025.
- Business Quant data shows CANG's Research & Development at $57324.0 in Q1 2025, $300023.0 in Q4 2024, and $481019.0 in Q3 2024.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 338.83 Bn | 205.30 Bn | - | 1.20 Bn |
| 2 | Goldman Sachs | 316.34 Bn | -660.01 Bn | - | 635.00 Mn |
| 3 | Schwab Charles | 220.55 Bn | 135.80 Bn | - | - |
| 4 | Futu Holdings | 121.48 Bn | 105.59 Bn | 733.58 Mn | -65.09 Mn |
| 5 | Robinhood Markets | 84.07 Bn | 66.74 Bn | 1.20 Bn | 256.00 Mn |
| 6 | Iren | 68.17 Bn | 65.95 Bn | 104.86 Mn | - |
| 7 | ATIF Holdings | 45.42 Bn | 45.42 Bn | - | - |
| 8 | Interactive Brokers | 39.54 Bn | -3.28 Bn | - | - |
| 9 | LPL Financial Holdings | 28.27 Bn | 25.57 Bn | - | 26.20 Mn |
| 10 | Cango | 23.23 Mn | -18.01 Mn | 24.17 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2025 | 57,324.00 |
| Dec 31, 2024 | 300,023.00 |
| Sep 30, 2024 | 481,019.00 |
| Jun 30, 2024 | 548,421.00 |
| Mar 31, 2024 | 491,430.00 |
| Dec 31, 2023 | 607,695.82 |
| Sep 30, 2023 | 1.35 Mn |
| Jun 30, 2023 | 1.68 Mn |
| Mar 31, 2023 | 1.83 Mn |
| Dec 31, 2022 | 2.79 Mn |
| Sep 30, 2022 | 2.51 Mn |
| Jun 30, 2022 | 6.24 Mn |
| Mar 31, 2022 | 8.49 Mn |
| Dec 31, 2021 | 11.58 Mn |
| Sep 30, 2021 | 7.26 Mn |
| Jun 30, 2021 | 9.43 Mn |
| Mar 31, 2021 | 8.83 Mn |
| Dec 31, 2020 | 10.09 Mn |
| Sep 30, 2020 | 6.16 Mn |
| Jun 30, 2020 | 6.01 Mn |