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Cango Inc (CANG)
NYSE:CANG
Earnings Data
Report Date
Dec 01, 2025After Close (Confirmed)
Period Ending
2025 (Q3)Consensus EPS Forecast
-0.05Last Year’s EPS
0.17Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
Cango's earnings call highlighted significant strategic achievements in transforming into a leading Bitcoin mining company, with strong revenue from this segment and strategic expansion in Georgia. However, the company faced substantial net losses due to strategic divestitures and accounting adjustments, alongside high cash costs for Bitcoin mining. The positive aspects of strategic growth and operational strength are tempered by the financial losses incurred.Company Guidance
Strategic Transformation into Bitcoin Mining
Cango has successfully transformed into a leading Bitcoin mining company, achieving 50 exahash of computing power, representing approximately 6% of the global network's hashrate as of June 30, 2025.
Strong Revenue from Bitcoin Mining
Generated RMB 1 billion in total revenue, with Bitcoin mining contributing RMB 989.4 million in the second quarter of 2025.
Adjusted EBITDA Growth
Excluding one-off adjustments, adjusted EBITDA for the quarter was RMB 710.1 million, showing strong underlying business performance.
Expansion in Georgia
Strategically acquired a 50-megawatt mining site in Georgia, reducing power costs and enhancing operational stability.
Increased Bitcoin Production
Bitcoin production reached 650.5 BTC in July, up 44% from June, driven by the deployment of 50 exahash mining equipment.
Fortress Balance Sheet
Maintains a strong balance sheet with $118 million in cash and cash equivalents as of June 30, 2025.
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 |
|---|---|---|---|
Sep 04, 2025 | $4.73 | $5.04 | +6.55% |
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% |
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 Dec 01, 2025, After Close (Confirmed).
What is Cango Inc (CANG) earnings time?
Cango Inc (CANG) earnings time is at Dec 01, 2025, After Close (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 (Q3) is -0.05.