CANG: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Revenue	688m	110m	1.70bn	1.98bn
Cost of revenue	543m	629m	1.51bn	1.83bn
Research and development	—	5m	30m	46m
Selling, general and administrative	—	250m	157m	300m
Operating expenses	1.13bn	86m	1.78bn	2.93bn
Operating income	−437m	25m	−74m	−947m
Pre-tax income	−452m	41m	56m	−875m
Income tax	842,023	1m	93m	237m
Net income	−622m	300m	−38m	−1.11bn
Earnings per share	−1.60	0.02	0.01	—
Earnings per share, diluted	−1.60	0.02	0.01	—
Weighted average shares	283m	208m	243m	274m
Weighted average shares, diluted	283m	233m	243m	274m

Metric	Aug 19, 2026	Aug 18, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and equivalents	—	—	41m	177m	1.02bn	379m	2.61bn
Short-term investments	—	—	—	1.23bn	635m	—	—
Receivables	—	—	—	23m	65m	—	—
Current assets	—	—	125m	3.46bn	3.88bn	—	—
Property, plant and equipment	—	—	19m	7m	8m	—	—
Total assets	—	—	1.13bn	5.97bn	4.65bn	—	—
Current liabilities	—	—	177m	1.83bn	778m	—	—
Short-term debt	—	—	—	125m	926,237	—	—
Long-term debt	—	—	558m	—	712,023	—	—
Total liabilities	—	—	736m	258m	832m	—	—
Equity	—	—	397m	560m	3.82bn	4.32bn	6.99bn

Metric	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Operating cash flow	−110m	−310m	1.03bn	−567m
Depreciation and amortisation	117m	87m	8m	7m
Share-based compensation	5m	2m	38m	159m
Capital expenditure	9m	582,357	2m	5m
Investing cash flow	79m	−1.25bn	2.12bn	1.96bn
Share buybacks	1m	12m	247m	106m
Financing cash flow	−149m	−17m	−1.19bn	−2.99bn