Cango annual r&d spending
2018
2019
2020
2021
2022
2023
2024
Cango R&D Spending Growth & History (CANG)
Cango's r&d spending was $748,980 for fiscal 2024.
View full Cango company overviewCango annual r&d spending history
| Fiscal year | Period ended | R&D spending | Change | Growth |
|---|---|---|---|---|
| 2024 | 2024-12-31 | $748,980 | −$3.5M | −82.34% |
| 2023 | 2023-12-31 | $4.2M | −$2.4M | −36.35% |
| 2022 | 2022-12-31 | $6.7M | −$4.4M | −39.58% |
| 2021 | 2021-12-31 | $11.0M | $1.4M | +14.96% |
| 2020 | 2020-12-31 | $9.6M | $1.3M | +16.34% |
| 2019 | 2019-12-31 | $8.2M | $1.5M | +21.38% |
| 2018 | 2018-12-31 | $6.8M | — | — |
Cango quarterly r&d spending
Q4.24
Q1.25
| Fiscal quarter | Period ended | R&D spending | Change | YoY change |
|---|---|---|---|---|
| Q1 2025 | 2025-03-31 | $44,741.182 | — | — |
| Q4 2024 | 2024-12-31 | $150,966.024 | — | — |
Cango r&d spending trends
Over the last five fiscal years, Cango's r&d spending decreased from $8.2M to $748,980, a change of −$7.5M. The latest reported quarter, Q1 2025, shows $44,741.182.
About the metric
What research and development spending means
Research and development (R&D) spending covers the costs of creating and improving products, services, software, technologies, and processes. Higher R&D spending may support future innovation, but the amount alone does not show whether those investments will generate returns.
Calculation and source
SEC-reported R&D expense
TickerStat standardizes research and development expense reported in company SEC filings, including the software-specific US-GAAP R&D concept when it is the filer’s primary R&D expense line. It is historical company-reported spending, not an estimate or forecast. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Cango source filings ↗