Carvana Co. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	20,322	13,673	10,771	13,604	12,814
Revenue Growth (YoY)	48.63%	26.94%	-20.82%	6.17%	129.35%
Cost of Revenue	16,130	10,797	9,047	12,358	10,885
Gross Profit	4,192	2,876	1,724	1,246	1,929
Selling, General & Admin	2,308	1,874	1,796	2,736	2,033
Other Operating Expenses	3	12	8	861	-
Operating Income	1,881	990	-80	-2,351	-104
Interest Expense	-505	-651	-632	-486	-176
Other Non-Operating Income (Expense)	-2,266	61	887	-56	-6
Total Non-Operating Income (Expense)	-2,771	-590	255	-542	-182
Pretax Income	-890	400	175	-2,893	-286
Provision for Income Taxes	-2,785	-4	25	1	1
Net Income	1,407	210	450	-1,587	-135
Minority Interest in Earnings	488	194	-300	-1,307	-152
Net Income to Common	1,407	210	450	-1,587	-135
Net Income Growth	570.00%	-53.33%	-	-	-
Shares Outstanding (Basic)	138	122	109	101	83
Shares Outstanding (Diluted)	224	132	201	101	83
Shares Change (YoY)	69.64%	-34.09%	98.93%	21.77%	27.36%
EPS (Basic)	10.22	1.72	4.12	-15.74	-1.63
EPS (Diluted)	8.45	1.59	0.75	-15.74	-1.63
EPS Growth	431.45%	112.00%	-	-	-
Free Cash Flow	889	827	716	-1,836	-3,151
Free Cash Flow Growth	7.50%	15.50%	-	-	-
Free Cash Flow Per Share	3.96	6.26	3.57	-18.21	-38.05
Gross Margin	20.63%	21.03%	16.01%	9.16%	15.05%
Operating Margin	9.26%	7.24%	-0.74%	-17.28%	-0.81%
Profit Margin	9.32%	2.95%	1.39%	-21.27%	-2.24%
FCF Margin	4.37%	6.05%	6.65%	-13.50%	-24.59%
EBITDA	2,156	1,295	272	-2,090	1
EBITDA Margin	10.61%	9.47%	2.53%	-15.36%	0.01%
EBIT	1,881	990	-80	-2,351	-104
EBIT Margin	9.26%	7.24%	-0.74%	-17.28%	-0.81%
Effective Tax Rate	312.92%	-1.00%	14.29%	-0.03%	-0.35%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.