Carvana financials
$63.62+5.21%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.38B | $6.43B | $5.60B | $5.65B | $4.84B | $4.23B | $3.55B | $3.65B | $3.41B | $3.06B | $2.42B | $2.77B |
| Gross profit | $1.38B | $1.27B | $1.05B | $1.15B | $1.06B | $929.0M | $763.0M | $807.0M | $715.0M | $591.0M | $402.0M | $482.0M |
| Gross margin | 18.8% | 19.8% | 18.8% | 20.3% | 22.0% | 22.0% | 21.5% | 22.1% | 21.0% | 19.3% | 16.6% | 17.4% |
| Operating income | $680.0M | $581.0M | $421.0M | $553.0M | $511.0M | $394.0M | $257.0M | $338.0M | $260.0M | $134.0M | -$38.0M | $48.0M |
| Net income | $310.0M | $250.0M | $857.0M | $151.0M | $183.0M | $216.0M | $79.0M | $85.0M | $18.0M | $28.0M | -$114.0M | $782.0M |
| Net margin | 4.2% | 3.9% | 15.3% | 2.7% | 3.8% | 5.1% | 2.2% | 2.3% | 0.5% | 0.9% | −4.7% | 28.2% |
| Diluted EPS | $0.42 | $1.69 | — | $1.03 | $0.26 | $1.51 | $0.29 | $0.64 | $0.14 | $0.23 | $-0.06 | $3.60 |
| EBITDA | $749.0M | $650.0M | $490.0M | $618.0M | $579.0M | $467.0M | $331.0M | $411.0M | $336.0M | $216.0M | -$38.0M | $135.0M |
| Operating cash flow | $238.0M | $107.0M | $430.0M | $345.0M | $29.0M | $232.0M | $60.0M | $403.0M | $354.0M | $101.0M | -$79.0M | $571.0M |
| Free cash flow | $187.0M | $56.0M | $379.0M | $307.0M | -$2.0M | $205.0M | $36.0M | $376.0M | $332.0M | $83.0M | -$97.0M | $552.0M |
| Diluted shares | 740.0M | 148.1M | — | 146.3M | 716.2M | 142.6M | 272.8M | 133.6M | 128.5M | 212.2M | 1,920.6M | 206.0M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $2.63B | $2.41B | $2.33B | $2.14B | $1.86B | $1.86B |
| Short-term investments | $502.0M | $492.0M | $486.0M | $486.0M | $466.0M | $475.0M |
| Total debt | $5.24B | $5.15B | $5.12B | $5.20B | $5.71B | $5.64B |
| Total assets | $14.55B | $13.77B | $13.20B | $9.85B | $9.37B | $8.88B |
| Total liabilities | $9.41B | $9.14B | $9.00B | $6.90B | $7.25B | $7.11B |
| Shareholders' equity | $5.14B | $4.63B | $4.20B | $2.95B | $2.12B | $1.77B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology