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Cango Inc (CANG)
NYSE:CANG
Earnings Data
Report Date
Sep 01, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.01Last Year’s EPS
0.21Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Date:May 14, 2025
|% Change Since: 15.45%
|Next Earnings Date:Sep 01, 2025
Earnings Call Sentiment|Neutral
Cango's earnings call highlights significant revenue growth primarily driven by its Bitcoin mining operations. The company maintains a strong cash position and has improved loan quality, while also expanding its AutoCango platform. However, there are notable challenges, including operating and net losses, high mining costs, decreased Bitcoin mining output in April, and high electricity costs. The sentiment is balanced with opportunities in the Bitcoin mining sector and strategic efforts to address challenges.Company Guidance
During Cango Inc.'s first quarter 2025 earnings call, the company provided detailed guidance on its financial and operational performance. Cango reported total revenue of USD 145 million, with USD 144 million stemming from Bitcoin mining operations, resulting in a gross profit of USD 13.61 million. Despite an operating loss of USD 21.42 million due to a decline in Bitcoin prices, the company maintained a strong cash position with USD 347 million in cash, cash equivalents, and short-term investments. The company's Bitcoin mining business achieved a total computing power of 32 exahashes per second, accounting for approximately 4% of the global average hash rate in Q1, while mining a total of 1,541 Bitcoin. Cango plans to expand its hash rate capacity to 50 exahashes per second by July 2025. Additionally, the company reported an M1+ ratio of 2.86% and an M3+ ratio of 1.59%, reflecting improvements in loan quality. Cango remains committed to its "Mine and Hold" strategy, focusing on both self-mining and long-term Bitcoin holding, while also pursuing M&A opportunities to further scale operations.Significant Revenue Increase
Total revenue for Q1 2025 was RMB 1.1 billion, a substantial increase from RMB 64.4 million in the same period of 2024, primarily driven by the Bitcoin mining business.
Bitcoin Mining Expansion
Cango mined 1,541 Bitcoin in Q1 2025 and expects to increase its hash rate capacity to 50 exahashes per second by July 31, 2025.
Strong Cash Position
As of March 31, 2025, Cango held cash and cash equivalents of RMB 2.5 billion, providing solid support for future business expansion.
Improved Loan Quality
Cango reduced its total outstanding loan balance to RMB 2.6 billion, with improved M1+ and M3+ ratios of 2.86% and 1.59%, respectively.
Expansion of AutoCango Platform
The AutoCango platform attracted over 2.37 million visits with more than 290,000 registered users and 480,000 used car listings.
CANG Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CANG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2025 | $4.40 | $4.09 | -7.05% |
Mar 06, 2025 | $3.32 | $3.39 | +2.11% |
Nov 04, 2024 | $2.80 | $2.83 | +1.07% |
Aug 29, 2024 | $1.77 | $1.72 | -2.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Cango Inc (CANG) report earnings?
Cango Inc (CANG) is schdueled to report earning on Sep 01, 2025, TBA Not Confirmed.
What is Cango Inc (CANG) earnings time?
Cango Inc (CANG) earnings time is at Sep 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CANG EPS forecast?
CANG EPS forecast for the fiscal quarter 2025 (Q2) is -0.01.