Develops crypto mining machines for Bitcoin transactions.
Dec 2025Revenue $688M/yrExpenses $1.13B/yr
Fell below break-even Dec 2021Cash runway ≈ 5 months from Dec 2025
Figures by year
When will Cango be profitable again?
Its expenses passed its revenue in Dec 2021. In the 12 months to Dec 2025, revenue was $688M and expenses $1.13B.
| Fiscal year to | Revenue | Expenses | Operating profit |
|---|---|---|---|
| Dec 2025 | $688M | $1.13B | −$437M |
| Dec 2024 | $110M | $115M | −$5.11M |
| Dec 2023 | $1.70B | $1.71B | −$7.02M |
| Dec 2022 | $287M | $424M | −$137M |
| Dec 2021 | $615M | $619M | −$3.65M |
| Dec 2020 | $315M | $266M | $48.8M |
| Dec 2019 | $207M | $160M | $46.4M |
| Dec 2018 | $159M | $118M | $40.2M |
When the cash runs out, on the chart. A red line at the date the company’s cash would run out at its latest burn, so you can see whether it gets to break-even first. Part of a subscription.