Cango (NYSE:CANG) Releases Quarterly Earnings Results, Misses Estimates By $1.33 EPS

Cango (NYSE:CANG) announced its quarterly earnings results on Monday. The company reported ($1.60) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($1.33), Zacks reports. Cango had a positive return on equity of 2.29% and a negative net margin of 46.40%.The firm had revenue of $179.45 million for the quarter, compared to analyst estimates of $1.24 billion.

Here are the key takeaways from Cango’s conference call:

• Cango completed its pivot to Bitcoin mining, reporting full-year revenue of $688.1 million, producing ~6,595.6 BTC in 2025 and delivering a positive adjusted EBITDA of $24.5 million.
• Net loss of $622 million in 2025 was driven by sizable one-time transformation costs, large impairments on mining equipment and equity-settled items, and fair-value losses on Bitcoin and receivables.
• The company rapidly scaled to ~50 exahash/sec (~4–5% of the network) but faced very high mining costs (Q4 cash cost ≈ $84,552 per coin excl. depreciation; all-in ≈ $106,251), prompting plans to phase out inefficient rigs and temporarily reduce hash rate to improve energy efficiency.
• Management has taken balance-sheet actions to reduce leverage, including selling 4,451 BTC in Feb 2026 to repay loans and securing a $10.5M shareholder injection plus ~$65M in additional funding commitments to strengthen liquidity.
• The new AI initiative, EcoHash, will pilot modular AI inference nodes (a 1–2 MW Georgia retrofit) with a conservative 4–6 month build timeline and potential initial revenue in 2026, but commercial scale and unit economics remain at an early validation stage.

Cango Stock Down 12.3%

Cango stock opened at $0.60 on Tuesday. Cango has a 1-year low of $0.57 and a 1-year high of $2.10. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.20 and a quick ratio of 1.20. The stock’s 50 day moving average price is $1.05 and its 200 day moving average price is $2.40. The company has a market cap of $124.54 million, a PE ratio of -0.47 and a beta of 0.71.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CANG. BNP Paribas Financial Markets boosted its stake in shares of Cango by 34.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 15,923 shares of the company’s stock worth $68,000 after acquiring an additional 4,082 shares in the last quarter. CI Investments Inc. grew its holdings in shares of Cango by 206.7% in the 4th quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock worth $158,000 after acquiring an additional 71,076 shares during the period. Jump Financial LLC purchased a new position in Cango in the 2nd quarter valued at approximately $246,000. Finally, Marshall Wace LLP acquired a new position in Cango during the fourth quarter worth $1,677,000. 4.22% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CANG. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Cango in a report on Tuesday, February 10th. Zacks Research lowered shares of Cango from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Greenridge Global raised shares of Cango to a “strong-buy” rating in a research report on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cango has an average rating of “Moderate Buy” and a consensus price target of $3.00.

About Cango

Cango Inc (“Cango”) is a leading smart automotive transaction service provider in China, headquartered in Shanghai. The company operates an online‐to‐offline platform that integrates vehicle sourcing, financing, distribution and insurance, offering a comprehensive ecosystem for automakers, dealers and consumers. Leveraging big data analytics and cloud computing, Cango connects buyers and sellers through its proprietary digital infrastructure, facilitating transparent and efficient transactions across the automotive value chain.

Cango’s core offerings include auto financing solutions for new and used vehicles, extended consumer loans and wealth management products.