CarGurus 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	906.98	894.38	914.24	1,655	951.37
Revenue Growth (YoY)	1.41%	-2.17%	-44.76%	73.96%	72.52%
Cost of Revenue	65.47	145.51	262.6	997.32	293.37
Gross Profit	841.51	748.88	651.64	657.72	658.01
Selling, General & Admin	442.29	434.32	456.83	409.83	388.25
Research & Development	138.28	144.43	146.17	123.77	106.42
Operating Expenses	596.56	591.03	618.83	549.08	509.09
Operating Income	244.95	157.84	32.81	108.64	148.92
Interest & Investment Income	9.15	12.19	18.43	3.85	0.12
Other Non Operating Income (Expenses)	-0.76	-0.94	0.63	-0.96	0.97
EBT Excluding Unusual Items	253.34	169.09	51.87	111.53	150.01
Merger & Restructuring Charges	-0.01	-	-	-	-
Asset Writedown	-0.5	-144.43	-0.18	-0.17	-0.65
Pretax Income	252.83	24.66	51.69	111.36	149.36
Income Tax Expense	56.09	3.69	29.63	32.41	38.99
Earnings From Continuing Operations	196.74	20.97	22.05	78.95	110.37
Earnings From Discontinued Operations	-40.84	-	-	-	-
Net Income to Company	155.9	20.97	22.05	78.95	110.37
Minority Interest in Earnings	-	-	9.05	114.83	-110.53
Net Income	155.9	20.97	31.1	193.79	-0.15
Net Income to Common	155.9	20.97	31.1	193.79	-0.15
Net Income Growth	643.39%	-32.57%	-83.95%	-	-
Shares Outstanding (Basic)	99	105	113	118	117
Shares Outstanding (Diluted)	100	106	114	128	117
Shares Change (YoY)	-5.51%	-6.94%	-10.90%	9.40%	2.89%
EPS (Basic)	1.58	0.20	0.27	1.64	-0.00
EPS (Diluted)	1.55	0.20	0.19	0.62	-0.00
EPS Growth	687.04%	2.19%	-68.65%	-	-
Free Cash Flow	288.9	180.32	99.96	250.18	90.58
Free Cash Flow Per Share	2.88	1.70	0.88	1.95	0.77
Gross Margin	92.78%	83.73%	71.28%	39.74%	69.16%
Operating Margin	27.01%	17.65%	3.59%	6.56%	15.65%
Profit Margin	17.19%	2.34%	3.40%	11.71%	-0.02%
Free Cash Flow Margin	31.85%	20.16%	10.93%	15.12%	9.52%
EBITDA	273.3	167.17	66.36	145.05	185.41
EBITDA Margin	30.13%	18.69%	7.26%	8.76%	19.49%
D&A For EBITDA	28.35	9.33	33.55	36.41	36.5
EBIT	244.95	157.84	32.81	108.64	148.92
EBIT Margin	27.01%	17.65%	3.59%	6.56%	15.65%
Effective Tax Rate	22.18%	14.95%	57.33%	29.10%	26.10%
Revenue as Reported	-	894.38	914.24	1,655	951.37
Advertising Expenses	-	160.67	138.78	156.13	151.46

Source: S&P Global Market Intelligence. Standard template. Financial Sources.