CARVANA CO.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $20.3B | $13.7B | $10.8B | $13.6B | $12.8B |
| Cost of revenue | $16.1B | $10.8B | $9.0B | $12.4B | $10.9B |
| Gross profit | $4.2B | $2.9B | $1.7B | $1.2B | $1.9B |
| Selling, general & administrative | $2.3B | $1.9B | $1.8B | $2.7B | $2.0B |
| Operating income | $1.9B | $990.0M | -$80.0M | -$2.4B | — |
| Interest expense | $505.0M | $651.0M | $632.0M | $486.0M | $176.0M |
| Income tax expense | -$2.8B | -$4.0M | $25.0M | $1.0M | $1.0M |
| Net income | $1.4B | $210.0M | $450.0M | -$1.6B | -$135.0M |
| Balance Sheet | |||||
| Cash and equivalents | $2.3B | $1.7B | $530.0M | $434.0M | $403.0M |
| Current assets | $6.5B | $4.9B | $3.3B | $4.6B | $4.9B |
| Total assets | $13.2B | $8.5B | $7.1B | $8.7B | $7.0B |
| Current liabilities | $1.5B | $1.3B | $1.5B | $2.6B | $2.9B |
| Total liabilities | $9.0B | $7.1B | $7.5B | $9.8B | $6.5B |
| Stockholders' equity | $3.4B | $1.3B | $243.0M | -$518.0M | $306.0M |
| Cash Flow Statement | |||||
| Cash from operations | $1.0B | $918.0M | $803.0M | -$1.3B | -$2.6B |
| Stock-based compensation | $96.0M | $91.0M | $73.0M | $69.0M | $39.0M |
| Capital expenditure | $147.0M | $91.0M | $87.0M | $512.0M | $557.0M |
| Free cash flow | $889.0M | $827.0M | $716.0M | -$1.8B | -$3.2B |
| Impairments | $0 | $0 | $0 | $847.0M | $0 |
Shares outstanding 219.4M · Free float 82.0%
Annual filing data through FY ended December 31, 2025; float as of July 4, 2026.