Cango (CANG) Revenue & Revenue Breakdown


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Cango Revenue Highlights


Latest Revenue (Y)

$1.70B

Latest Revenue (Q)

$64.42M

Main Segment (Y)

After-market Service Facilitation Service Income

Main Geography (Y)

Other Countries

Cango Revenue by Period


Cango Revenue by Year

DateRevenueChange
2023-12-31$1.70B-14.06%
2022-12-31$1.98B-49.50%
2021-12-31$3.92B91.08%
2020-12-31$2.05B42.52%
2019-12-31$1.44B31.95%
2018-12-31$1.09B3.73%
2017-12-31$1.05B142.29%
2016-12-31$434.28M-

Cango generated $1.70B in revenue during NA 2023, up -14.06% compared to the previous quarter, and up 155.94% compared to the same period a year ago.

Cango Revenue by Quarter

DateRevenueChange
2024-03-31$64.42M-50.53%
2023-12-31$130.24M-63.17%
2023-09-30$353.64M-47.64%
2023-06-30$675.43M24.48%
2023-03-31$542.61M11.39%
2022-12-31$487.12M16.97%
2022-09-30$416.45M44.00%
2022-06-30$289.19M-63.29%
2022-03-31$787.69M-25.02%
2021-12-31$1.05B31.21%
2021-09-30$800.63M-15.43%
2021-06-30$946.75M-15.75%
2021-03-31$1.12B2.40%
2020-12-31$1.10B152.31%
2020-09-30$434.95M58.71%
2020-06-30$274.05M11.41%
2020-03-31$246.00M-43.90%
2019-12-31$438.53M24.84%
2019-09-30$351.29M4.46%
2019-06-30$336.30M-4.37%
2019-03-31$351.66M9.50%
2018-12-31$321.14M12.61%
2018-09-30$285.17M20.69%
2018-06-30$236.29M-5.04%
2018-03-31$248.82M-20.08%
2017-12-31$311.33M11.81%
2017-09-30$278.44M4.15%
2017-06-30$267.34M37.03%
2017-03-31$195.10M-14.79%
2016-12-31$228.96M-

Cango generated $64.42M in revenue during Q1 2024, up -50.53% compared to the previous quarter, and up 13.23% compared to the same period a year ago.

Cango Revenue Breakdown


Cango Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
After-market Service Facilitation Service Income$41.23M$65.39M$71.46M$193.79M$241.19M
Automobile trading income$6.29M$1.31B$1.60B$2.23B-
Loan Facilitation Income And Other Related Income$15.78M$19.96M$146.43M$1.23B-
Service, Other$2.25M$37.38M---
Product and Service, Other--$10.74M$15.91M$8.55M
Leasing--$155.52M$251.30M$286.08M
Loan Facilitation----$891.84M
Automobile Trading Income----$624.77M

Cango's latest annual revenue breakdown by segment (product or service), as of Dec 24: After-market Service Facilitation Service Income (62.91%), Loan Facilitation Income And Other Related Income (24.07%), Automobile trading income (9.59%), and Service, Other (3.43%).

Cango Revenue Breakdown by Country

Annual Revenue by Country

CountryDec 24
Other Countries$13.84K

Cango's latest annual revenue breakdown by geography, as of Dec 24: Other Countries (100.00%).

Cango Peer Comparison by Revenue


TickerCompanyLast Year RevenueLast Quarter Revenue
LADLithia Motors$36.24B$9.22B
PAGPenske Automotive Group$30.46B$7.59B
GPIGroup 1 Automotive$19.93B$5.22B
ABGAsbury Automotive Group$17.19B$4.24B
SAHSonic Automotive$14.22B$3.49B
RUSHARush Enterprises$7.93B$1.90B
UXINUxin$2.06B$289.02M
KARKAR Auction Services$1.79B$448.40M
CANGCango$1.70B$64.42M
CARSCars$719.15M$179.65M
KFSKingsway Financial Services$109.38M$27.14M
ANAutoNation-$6.59B

CANG Revenue FAQ


What is Cango’s yearly revenue?

Cango's yearly revenue for 2023 was $1.7B, representing a decrease of -14.06% compared to 2022. The company's yearly revenue for 2022 was $1.98B, representing a decrease of -49.50% compared to 2021. CANG's yearly revenue for 2021 was $3.92B, representing an increase of 91.08% compared to 2020.

What is Cango’s quarterly revenue?

Cango's quarterly revenue for Q1 2024 was $64.42M, a -50.53% decrease from the previous quarter (Q4 2023), and a -88.13% decrease year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $130.24M, a -63.17% decrease from the previous quarter (Q3 2023), and a -73.26% decrease year-over-year (Q4 2022). CANG's quarterly revenue for Q3 2023 was $353.64M, a -47.64% decrease from the previous quarter (Q2 2023), and a -15.08% decrease year-over-year (Q3 2022).

What is Cango’s revenue growth rate?

Cango's revenue growth rate for the last 3 years (2021-2023) was -56.60%, and for the last 5 years (2019-2023) was 18.18%.

What are Cango’s revenue streams?

Cango's revenue streams in c 24 are After-market Service Facilitation Service Income, Automobile trading income, Loan Facilitation Income And Other Related Income, and Service, Other. After-market Service Facilitation Service Income generated $41.23M in revenue, accounting 62.91% of the company's total revenue, down -36.95% year-over-year. Automobile trading income generated $6.29M in revenue, accounting 9.59% of the company's total revenue, down -99.52% year-over-year. Loan Facilitation Income And Other Related Income generated $15.78M in revenue, accounting 24.07% of the company's total revenue, down -20.97% year-over-year. Service, Other generated $2.25M in revenue, accounting 3.43% of the company's total revenue, down -93.99% year-over-year.

What is Cango’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Cango was After-market Service Facilitation Service Income. This segment made a revenue of $41.23M, representing 62.91% of the company's total revenue.