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    Carvana Co (CVNA)

    Financials

    Updated May 7, 2025, 10:56 PM UTC
    Income Statement - MetricQ1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Retail vehicle sales, net (USD, millions)1,777.007,5142,1752,411.002,543.00---
    Wholesale sales and revenues (USD, millions)499.002,504657720.00786.00---
    Other sales and revenues (USD, millions)148.00753229279.00326.00---
    Net sales and operating revenues (USD, millions)2,424.0010,7713,0613,410.003,655.00---
    Cost of sales (USD, millions)2,022.009,0472,4702,695.002,848.00---
    Gross profit (USD, millions)402.001,724591715.00807.00---
    Selling, general and administrative expenses (USD, millions)439.001,796456455.00469.00---
    Other operating expense, net (USD, millions)--11.001.00---
    Operating income (loss) (USD, millions)--134259.00337.00---
    Interest expense (USD, millions)165.00632173173.00157.00---
    Loss (Gain) on debt extinguishment (USD, millions)0.00(878)--4.00---
    Other expense (income), net (USD, millions)----29.00---
    Other income, net (USD, millions)-(1)(87)-----
    Net income (loss) before income taxes (USD, millions)(202.00)1754849.00147.00---
    Income tax (benefit) provision (USD, millions)(2.00)25(1)1.00(1.00)---
    Income tax benefit (USD, millions)--(1)-----
    Net income (loss) (USD, millions)(200.00)1504948.00148.00---
    Net income (loss) attributable to non-controlling interests (USD, millions)(86.00)(300)2130.0063.00---
    Net income (loss) attributable to Carvana Co. (USD, millions)(114.00)4502818.0085.00---
    Net earnings (loss) per share of Class A common stock - basic (USD)(1.12)4.120.240.150.70---
    Net earnings (loss) per share of Class A common stock - diluted (USD)(1.03)0.750.230.130.65---
    Goodwill impairment (USD, millions)--------
    Balance Sheet - MetricQ1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Cash and cash equivalents (USD, millions)530530542--1,858
    Restricted cash (USD, millions)6464756561--46
    Accounts receivable, net (USD, millions)266266351349363--369
    Finance receivables held for sale, net (USD, millions)807807866758553--737
    Vehicle inventory (USD, millions)1,1501,1501,1621,2211,305--1,503
    Beneficial interests in securitizations (USD, millions)366366388421463--475
    Other current assets (USD, millions)138138138121149--149
    Total current assets (USD, millions)3,3213,3213,2323,4773,765--5,137
    Property and equipment, net (USD, millions)2,9822,9822,9192,8672,826--2,743
    Operating lease right-of-use assets (USD, millions)455455447466452--430
    Intangible assets, net (USD, millions)5252484339--35
    Other assets (USD, millions)261261337317286--531
    Total assets (USD, millions)7,0716,9837,1707,368--8,878
    Accounts payable and accrued liabilities (USD, millions)596596705742772--836
    Short-term revolving facilities (USD, millions)66866827576--64
    Current portion of long-term debt (USD, millions)189189194203209--308
    Other current liabilities (USD, millions)8383100101102--139
    Total current liabilities (USD, millions)1,5361,5361,2741,1181,159--1,347
    Long-term debt, excluding current portion (USD, millions)5,4165,4165,4285,431--5,269
    Operating lease liabilities, excluding current portion (USD, millions)433433424444429--402
    Other liabilities (USD, millions)7070526563--87
    Total liabilities (USD, millions)7,4557,4557,2947,0557,082--7,105
    Additional paid-in capital (USD, millions)1,8691,8691,8872,1062,106--2,704
    Accumulated deficit (USD, millions)(1,626)(1,626)(1,598)(1,580)(1,495)--(1,200)
    Total stockholders' equity attributable to Carvana Co. (USD, millions)243243289526611--1,504
    Non-controlling interests (USD, millions)(627)(627)(600)(411)(325)--269
    Total stockholders' equity (deficit) (USD, millions)(384)(384)(311)115286--1,773
    Total liabilities & stockholders' equity (deficit) (USD, millions)7,0717,0716,9837,1707,368--8,878
    Cash Flow - MetricQ1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Net income (loss) (USD, millions)(200.00)1504948.00148.00--373
    Depreciation and amortization expense (USD, millions)82.003528276.0073.00--73
    Equity-based compensation expense (USD, millions)21.00732223.0024.00--23
    Loss on disposal of property and equipment (USD, millions)0.00811.001.00--1
    Loss (Gain) on debt extinguishment (USD, millions)0.00(878)--4.00--2
    Payment-in-kind interest expense (USD, millions)138.00184142143.00103.00--72
    Provision for bad debt and valuation allowance (USD, millions)4.003889.007.00--5
    Amortization of debt issuance costs (USD, millions)4.002454.004.00--2
    Unrealized gain (loss) on warrants to acquire Root Class A common stock (USD, millions)0.00(3)(75)22.0026.00--(158)
    Unrealized gain on beneficial interests in securitizations (USD, millions)(2.00)(14)(9)(5.00)(1.00)--(3)
    Originations of finance receivables (USD, millions)(1,532.00)(6,041)(1,846)(2,042.00)(2,163.00)--(2,660)
    Proceeds from sale of finance receivables, net (USD, millions)1,387.006,5941,8252,187.002,452.00--2,699
    Gain on loan sales (USD, millions)(74.00)(434)(144)(173.00)(224.00)--(273)
    Principal payments received on finance receivables held for sale (USD, millions)26.001863951.0052.00--48
    Net cash provided by operating activities (USD, millions)354.00403.00--232 ,
    Purchases of property and equipment (USD, millions)(18.00)(87)(18)(22.00)(27.00)--(27)
    Proceeds from disposal of property and equipment (USD, millions)14.007253.001.00--1
    Payments for acquisitions, net of cash acquired (USD, millions)0.00(7)-----(24)
    Principal payments received on and proceeds from sale of beneficial interests (USD, millions)13.00532021.0011.00--15
    Net cash (used in) provided by investing activities (USD, millions)9.003172.00(15.00)--(35) ,
    Proceeds from short-term revolving facilities (USD, millions)953.006,709839907.00855.00--567
    Payments on short-term revolving facilities (USD, millions)(714.00)(7,575)(1,232)(1,110.00)(851.00)--(570)
    Proceeds from issuance of long-term debt (USD, millions)22.001324259.0059.00--46
    Payments on long-term debt (USD, millions)(33.00)(503)(23)(280.00)(124.00)--(77)
    Payments of debt issuance costs (USD, millions)(17.00)(69)(1)(2.00)0.00--(1)
    Proceeds from equity-based compensation plans (USD, millions)----0.00--5
    Tax withholdings related to restricted stock units and awards (USD, millions)(3.00)(15)-----(4)
    Net cash used in financing activities (USD, millions)208.00(868)(375)(76.00)(63.00)--(53) ,
    Net increase (decrease) in cash, cash equivalents and restricted cash (USD, millions)(22.00)(34)(267)280.00325.00--144 ,
    Vehicle inventory (USD, millions)711711(14)(70)(154)--114
    Accounts receivable (USD, millions)(22)(22)(87)(88)(105)--(68)
    Other assets (USD, millions)3939(4)9(16)--(32)
    Accounts payable and accrued liabilities (USD, millions)(166)(166)109145171--(20)
    Operating lease right-of-use assets (USD, millions)81818(11)3--10
    Operating lease liabilities (USD, millions)(71)(71)(6)151--(10)
    Other liabilities (USD, millions)(8)(8)(4)107--34
    Cash, cash equivalents and restricted cash at beginning of period (USD, millions)628628594594594--1,760 , ,
    Cash, cash equivalents and restricted cash at end of period (USD, millions)594594327607932--1,904 , ,
    Revenue by Segment - in Millions of USDQ1 2017Q2 2017Q3 2017Q4 2017FY 2017Q1 2018Q2 2018Q3 2018Q4 2018FY 2018Q1 2019Q2 2019Q3 2019Q4 2019FY 2019Q1 2020Q2 2020Q3 2020Q4 2020FY 2020Q1 2021Q2 2021Q3 2021Q4 2021FY 2021Q1 2022Q2 2022Q3 2022Q4 2022FY 2022Q1 2023Q2 2023Q3 2023Q4 2023FY 2023Q1 2024Q2 2024Q3 2024Q4 2024FY 2024Q1 2025
    Retail Vehicle Sales1,7777,5142,1752,4112,543---
    Wholesale Sales4992,504657720786---
    Other Revenues148753229279326---
    Total Revenue2,42410,7713,0613,4103,655---