ACV Auctions Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	507.3	481.23	421.53	358.44	208.36	106.85
Revenue Growth (YoY)	15.80%	14.16%	17.60%	72.03%	95.01%	-
Cost of Revenue	253.24	244.45	236.65	204.75	113.05	82.78
Gross Profit	254.05	236.78	184.88	153.68	95.31	24.07
Selling, General & Admin	178.65	166.51	143.64	121.17	64.88	62.44
Research & Development	143.28	140.96	136.52	101.06	65	39.63
Other Operating Expenses	23.49	18.99	10.93	8.26	6.08	1.29
Operating Expenses	345.42	326.46	291.09	230.49	135.96	103.35
Operating Income	-91.37	-89.68	-106.21	-76.81	-40.65	-79.28
Interest Expense / Income	1.79	1.57	0.98	0.78	0.63	0
Other Expense / Income	-16.24	-16.51	-5.08	-0.13	-0.75	-2.09
Pretax Income	-76.91	-74.74	-102.11	-77.46	-40.53	-77.19
Income Tax	0.62	0.53	0.09	0.72	0.49	0.03
Net Income	-77.53	-75.26	-102.19	-78.18	-41.02	-77.22
Shares Outstanding (Basic)	163	160	157	125	22	18
Shares Outstanding (Diluted)	163	160	157	125	22	18
Shares Change	2.64%	1.88%	25.26%	480.34%	17.56%	-
EPS (Basic)	-0.48	-0.47	-0.65	-0.62	-1.90	-4.20
EPS (Diluted)	-0.48	-0.47	-0.65	-0.62	-1.90	-4.20
Free Cash Flow	-49.44	-46.06	-98.57	71.26	1.48	-79.05
Free Cash Flow Per Share	-0.30	-0.29	-0.63	0.57	0.07	-4.30
Gross Margin	50.08%	49.20%	43.86%	42.88%	45.74%	22.53%
Operating Margin	-18.01%	-18.63%	-25.20%	-21.43%	-19.51%	-74.20%
Profit Margin	-15.28%	-15.64%	-24.24%	-21.81%	-19.69%	-72.27%
Free Cash Flow Margin	-9.75%	-9.57%	-23.38%	19.88%	0.71%	-73.99%
EBITDA	-51.43	-53.89	-89.75	-67.92	-32.66	-75.35
EBITDA Margin	-10.14%	-11.20%	-21.29%	-18.95%	-15.67%	-70.52%
Depreciation & Amortization	23.7	19.29	11.38	8.75	7.24	1.84
EBIT	-75.13	-73.17	-101.13	-76.68	-39.9	-77.19
EBIT Margin	-14.81%	-15.20%	-23.99%	-21.39%	-19.15%	-72.24%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).