Quick Answer
Cango Inc. reported R&D Expense of $5.47 million for fiscal year 2024.
Cango Inc. R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2024 | $5.47M | -81.8% |
| 2023 | $30.11M | -34.5% |
| 2022 | $45.96M | -34.6% |
| 2021 | $70.28M | +12.3% |
| 2020 | $62.60M | +9.0% |
| 2019 | $57.41M | +22.9% |
| 2018 | $46.71M | +140.5% |
| 2017 | $19.42M | +288.4% |
| 2016 | $5.00M | — |
- Cango Inc. showed a decrease of -81.8% in R&D Expense compared to the prior fiscal year.
- Over the 2016–2024 period, Cango Inc.’s r&d expense has grown by 9.3% (from $5.00 million to $5.47 million).
- The most recent figure is from Cango Inc.’s fiscal year 2024 report (Form 20-F), filed with the SEC on March 27, 2025.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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