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Carvana (CVNA)

NYSE Consumer Discretionary Automotive Retail S&P 500 US auto sales report →
$73.57
+1.49 (+2.07%)
Close of Nov 06, 2026 · end-of-day data
Source: Carvana's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$365.15M$858.87M$1.96B$3.94B$5.59B$12.81B$13.60B$10.77B$13.67B$20.32B
Cost of revenue$345.95M$790.78M$1.76B$3.43B$4.79B$10.88B$12.36B$9.05B$10.80B$16.13B
Gross profit$19.20M$68.09M$196.71M$507.00M$794.00M$1.93B$1.25B$1.72B$2.88B$4.19B
Selling, general & admin$108.68M$223.40M$425.26M$787.00M$1.13B$2.03B$2.74B$1.80B$1.87B$2.31B
Operating income——————-$2.35B-$80.00M$990.00M$1.88B
Interest expense$3.59M$7.66M$25.02M$81.00M$131.00M$176.00M$486.00M$632.00M$651.00M$505.00M
Income tax$0$0$0$0$0$1.00M$1.00M$25.00M-$4.00M-$2.79B
Net income-$93.11M-$62.84M-$55.48M-$115.00M-$171.00M-$135.00M-$1.59B$450.00M$210.00M$1.41B
EPS (basic)—————$-1.63$-15.74$4.12$1.72$10.22
EPS (diluted)———$-2.45$-2.63$-1.63$-15.74$0.75$1.59$8.45
Diluted shares———46.85M64.98M82.81M100.83M200.58M132.21M224.28M
Gross margin5.3%7.9%10.1%12.9%14.2%15.1%9.2%16.0%21.0%20.6%
Operating margin——————-17.3%-0.7%7.2%9.3%
Net margin-25.5%-7.3%-2.8%-2.9%-3.1%-1.1%-11.7%4.2%1.5%6.9%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$39.18M$172.68M$78.86M$76.00M$301.00M$403.00M$434.00M$530.00M$1.72B$2.33B
Receivables$5.69M$14.11M$33.12M$39.86M$79.00M$206.00M$253.00M$266.00M$303.00M$245.00M
Inventory$185.51M$227.45M$412.24M$762.70M$1.04B$3.15B$1.88B$1.15B$1.61B$2.41B
Total current assets$275.24M$489.72M$662.85M$1.36B$1.92B$4.89B$4.59B$3.32B$4.87B$6.55B
Goodwill—$0$9.35M$9.35M$9.00M$9.00M$0—$0$10.00M
Total assets$335.83M$641.14M$991.01M$2.06B$3.04B$7.01B$8.70B$7.07B$8.48B$13.20B
Total current liabilities$196.42M$306.03M$329.51M$864.87M$467.00M$2.89B$2.59B$1.54B$1.34B$1.52B
Short-term debt$166.37M$253.92M$208.10M$606.64M$79.00M$2.15B$1.64B$777.00M$302.00M$211.00M
Long-term debt$4.40M$48.47M$425.35M$883.06M$1.62B$3.21B$6.57B$5.42B$5.26B$4.83B
Total debt$170.77M$302.39M$633.45M$1.49B$1.70B$5.36B$8.21B$6.19B$5.56B$5.04B
Total liabilities$200.82M$361.59M$763.59M$1.87B$2.23B$6.49B$9.75B$7.46B$7.11B$9.00B
Shareholders' equity-$115.96M$125.74M$79.69M$98.11M$388.00M$306.00M-$518.00M$243.00M$1.26B$3.44B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$240.22M-$199.92M-$414.34M-$757.00M-$608.00M-$2.59B-$1.32B$803.00M$918.00M$1.04B
Capital expenditures$39.54M$78.49M$143.67M$231.00M$360.00M$557.00M$512.00M$87.00M$91.00M$147.00M
Free cash flow-$279.76M-$278.41M-$558.01M-$988.00M-$968.00M-$3.15B-$1.84B$716.00M$827.00M$889.00M
Investing cash flow-$39.54M-$78.49M-$150.34M-$228.00M-$346.00M-$627.00M-$2.58B$31.00M-$13.00M-$230.00M
Financing cash flow$283.96M$416.09M$466.26M$1.01B$1.17B$3.53B$3.90B-$868.00M$261.00M-$137.00M
Dividends paid$0$0$4.62M———————
Stock-based compensation$555.00K$5.61M$24.09M$33.00M$25.00M$39.00M$69.00M$73.00M$91.00M$96.00M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.