Financial Statements · From SEC 10-K & 10-Q XBRL Filings
Carvana Co. Revenue & Financial Statements
Carvana Co. reported revenue of $20.3B for the fiscal year ended December 31, 2025, up 48.6% year over year, with net income of $1.9B and diluted EPS of $8.45.
- Company
- Carvana Co. CVNA · NYSE
- Latest fiscal year
- FY ended Dec 31, 2025
- Statements
- Income · Balance Sheet · Cash Flow — 5 fiscal years, 8 quarters
Income Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Revenue | 12.8B | 13.6B | 10.8B | 13.7B | 20.3B |
| Cost of revenue | 10.9B | 12.4B | 9.0B | 10.8B | 16.1B |
| Gross profit | 1.9B | 1.2B | 1.7B | 2.9B | 4.2B |
| Operating income | — | — | — | 990.0M | 1.9B |
| Pretax income | — | — | — | — | — |
| Net income | (135.0M) | (1.6B) | 450.0M | 210.0M | 1.9B |
| Diluted EPS | -1.63 | -15.74 | 0.75 | 1.59 | 8.45 |
| EBITDA | — | — | — | — | — |
Quarterly
| USD | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 3.1B | 3.4B | 3.7B | 3.5B | 4.2B | 4.8B | 5.6B | 5.6B |
| Cost of revenue | 2.5B | 2.7B | 2.8B | 2.8B | 3.3B | 3.8B | 4.5B | 4.6B |
| Gross profit | 591.0M | 715.0M | 807.0M | 763.0M | 929.0M | 1.1B | 1.1B | 1.1B |
| Operating income | 134.0M | 259.0M | 337.0M | 260.0M | 394.0M | 511.0M | 552.0M | 424.0M |
| Pretax income | — | — | — | — | — | — | — | — |
| Net income | 28.0M | 18.0M | 85.0M | 79.0M | 216.0M | 183.0M | 151.0M | 951.0M |
| Diluted EPS | 0.24 | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — |
Balance Sheet
Fiscal year-end snapshots. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Total assets | 7.0B | 8.7B | 7.1B | 8.5B | 13.2B |
| Current assets | 4.9B | 4.6B | 3.3B | 4.9B | 6.5B |
| Cash & equivalents | 403.0M | 434.0M | 530.0M | 1.7B | 2.3B |
| Total liabilities | 6.5B | 9.8B | 7.5B | 7.1B | 9.0B |
| Current liabilities | 2.9B | 2.6B | 1.5B | 1.3B | 1.5B |
| Long-term debt | 3.2B | 6.6B | 5.4B | 5.3B | 4.8B |
| Total debt | 5.4B | 8.2B | 6.2B | 5.6B | 5.0B |
| Stockholders’ equity | 306.0M | (518.0M) | 243.0M | 1.3B | 3.4B |
| Net debt | 5.0B | 7.8B | 5.7B | 3.8B | 2.7B |
Cash Flow Statement
Annual, as reported in 10-K filings. Values in USD.
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| Operating cash flow | (2.6B) | (1.3B) | 803.0M | 918.0M | 1.0B |
| Investing cash flow | (627.0M) | (2.6B) | 31.0M | (13.0M) | (230.0M) |
| Financing cash flow | 3.5B | 3.9B | (868.0M) | 261.0M | (137.0M) |
| Capital expenditure | 557.0M | 512.0M | 87.0M | 91.0M | 147.0M |
| Free cash flow | (3.2B) | (1.8B) | 716.0M | 827.0M | 889.0M |
| Dividends paid | — | — | — | — | — |
| Stock-based compensation | 39.0M | 69.0M | 73.0M | 91.0M | 96.0M |
Figures are parsed from SEC XBRL company facts and may be derived where issuers report year-to-date values (quarterly figures differenced; Q4 computed as FY minus Q3). Fiscal periods follow each company's fiscal calendar, not calendar years. Historical fact, not investment advice — verify with official SEC filings.
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