Carvana Co. (CVNA) — Financial statements
Income statement, balance sheet, and cash flow for Carvana Co. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 20,322↑48.6% | 13,673↑26.9% | 10,771↓20.8% | 13,604↑6.2% | 12,814 | |
| Cost of Revenue | 16,130↑47.1% | 10,962↑21.2% | 9,047↓28.2% | 12,603↑14.7% | 10,988 | |
| Gross Profit | 4,192↑54.6% | 2,711↑57.3% | 1,724↑72.2% | 1,001↓45.2% | 1,826 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 1,945↑31.4% | 1,480↑7.4% | 1,378↓31.0% | 1,996↑37.8% | 1,449 | |
| Selling & Marketing Expenses | 363↑58.5% | 229↑0.4% | 228↓53.5% | 490↑2.3% | 479 | |
| SG&A Expenses | 2,308↑35.0% | 1,709↑6.4% | 1,606↓35.5% | 2,491↑29.1% | 1,930 | |
| Other Expenses | 3 | 0.00↓100.0% | 198 | 0.00 | 0.00 | |
| Operating Expenses | 2,311↑35.2% | 1,709↓5.3% | 1,804↓27.6% | 2,491↑29.1% | 1,930 | |
| Total Costs & Expenses | 18,441↑45.5% | 12,671↑16.8% | 10,851↓28.1% | 15,094↑16.8% | 12,918 | |
| Operating Results | ||||||
| Operating Income | 1,881↑87.7% | 1,002↑1352.5% | -80↑94.6% | -1,490↓1332.7% | -104 | |
| Depreciation & Amortization | 275↓9.8% | 305↓13.4% | 352↑34.9% | 261↑148.6% | 105 | |
| EBITDA | -110↓108.1% | 1,356↑17.0% | 1,159↑154.0% | -2,146↓42820.0% | -5 | |
| EBIT | -385↓136.6% | 1,051↑30.2% | 807↑133.5% | -2,407↓2088.2% | -110 | |
| Interest & Other Income | ||||||
| Net Interest Income | -505↑22.4% | -651↓3.0% | -632↓30.0% | -486↓176.1% | -176 | |
| Interest Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 505↓22.4% | 651↑3.0% | 632↑30.0% | 486↑176.1% | 176 | |
| Non-Operating Income | 2,266↑4724.5% | -49↑94.5% | -887↓196.7% | 917↑15183.3% | 6 | |
| Other Income / Expenses | -2,771↓360.3% | -602↓336.1% | 255↑118.2% | -1,403↓670.9% | -182 | |
| Income Before Tax | -890↓322.5% | 400↑128.6% | 175↑106.0% | -2,893↓911.5% | -286 | |
| Income Tax Expense | -2,785↓69525.0% | -4↓116.0% | 25↑2400.0% | 1↑0.0% | 1 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 1,895↑369.1% | 404↑169.3% | 150↑105.2% | -2,894↓908.4% | -287 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 1,407↑570.0% | 210↓53.3% | 450↑128.4% | -1,587↓1075.6% | -135 | |
| Bottom-Line Net Income | 1,895↑802.4% | 210↑40.0% | 150↑109.5% | -1,587↓1075.6% | -135 | |
| EPS (Basic) | 2.04↑493.0% | 0.34↓58.3% | 0.82↑126.2% | -3.15↓865.6% | -0.33 | |
| EPS (Diluted) | 1.69↑431.4% | 0.32↑112.0% | 0.15↑104.8% | -3.15↓865.6% | -0.33 | |
| Weighted Average Shares | 688↑12.5% | 612↑11.9% | 547↑8.4% | 504↑21.8% | 414 | |
| Weighted Average Diluted Shares | 1,121↑69.6% | 661↓34.1% | 1,003↑98.9% | 504↑21.8% | 414 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.