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

Cango (NYSE:CANG) posted its quarterly earnings data on Monday. The company reported ($1.60) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.27) by ($1.33), Zacks reports. Cango had a negative return on equity of 44.66% and a negative net margin of 83.92%.The company 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 Price Performance

Shares of CANG opened at $0.58 on Wednesday. The business’s 50-day moving average is $1.03 and its 200-day moving average is $2.37. 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 company has a market capitalization of $119.35 million, a price-to-earnings ratio of -0.19 and a beta of 0.71. Cango has a fifty-two week low of $0.57 and a fifty-two week high of $2.10.

Institutional Investors Weigh In On Cango

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets grew its holdings 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 valued at $68,000 after acquiring an additional 4,082 shares in the last quarter. CI Investments Inc. raised its holdings in shares of Cango by 206.7% during the fourth quarter. CI Investments Inc. now owns 105,456 shares of the company’s stock worth $158,000 after acquiring an additional 71,076 shares in the last quarter. Jump Financial LLC acquired a new stake in Cango during the second quarter valued at $246,000. Finally, Marshall Wace LLP purchased a new position in Cango in the fourth quarter valued at about $1,677,000. Hedge funds and other institutional investors own 4.22% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CANG. HC Wainwright reissued a “buy” rating and issued a $3.00 target price on shares of Cango in a research report on Tuesday, February 10th. Greenridge Global raised shares of Cango to a “strong-buy” rating in a research note on Monday, December 22nd. Finally, Zacks Research cut shares of Cango from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 2nd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $3.00.

Cango Company Profile

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.