Carvana Co. (CVNA)

Carvana Co. Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	14,844	13,673	10,771	13,604	12,814	5,587
Revenue Growth (YoY)	32.23%	26.94%	-20.82%	6.17%	129.35%	41.80%
Cost of Revenue	11,630	10,797	9,047	12,351	10,885	4,793
Gross Profit	3,214	2,876	1,724	1,253	1,929	794
Selling, General & Admin	1,788	1,709	1,606	2,486	1,928	1,126
Other Operating Expenses	12	12	8	14	-	-
Operating Expenses	1,965	1,886	1,797	2,700	2,033	1,126
Operating Income	1,249	990	-73	-1,447	-104	-332
Interest Expense	-617	-651	-632	-486	-176	-131
Other Non Operating Income (Expenses)	37	85	17	-42	-5	7
EBT Excluding Unusual Items	669	424	-688	-1,975	-285	-456
Merger & Restructuring Charges	-	-	-7	-57	-	-
Impairment of Goodwill	-	-	-	-847	-	-
Gain (Loss) on Sale of Assets	-11	-12	-8	-14	-1	-6
Other Unusual Items	-14	-12	878	-	-	-
Pretax Income	727	400	175	-2,893	-286	-462
Income Tax Expense	-1	-4	25	1	1	-
Earnings From Continuing Operations	728	404	150	-2,894	-287	-462
Minority Interest in Earnings	-330	-194	300	1,307	152	291
Net Income	398	210	450	-1,587	-135	-171
Net Income to Common	398	210	450	-1,587	-135	-171
Net Income Growth	-37.62%	-53.33%	-	-	-	-
Shares Outstanding (Basic)	127	122	109	101	83	65
Shares Outstanding (Diluted)	127	132	201	101	83	65
Shares Change (YoY)	-44.18%	-34.09%	98.93%	21.77%	27.43%	38.71%
EPS (Basic)	3.14	1.72	4.12	-15.74	-1.63	-2.63
EPS (Diluted)	2.97	1.59	0.75	-15.74	-1.63	-2.63
EPS Growth	87.85%	112.61%	-	-	-	-
Free Cash Flow	949	827	716	-1,836	-3,151	-968
Free Cash Flow Per Share	7.49	6.25	3.57	-18.21	-38.05	-14.90
Gross Margin	21.65%	21.03%	16.01%	9.21%	15.05%	14.21%
Operating Margin	8.41%	7.24%	-0.68%	-10.64%	-0.81%	-5.94%
Profit Margin	2.68%	1.54%	4.18%	-11.67%	-1.05%	-3.06%
Free Cash Flow Margin	6.39%	6.05%	6.65%	-13.50%	-24.59%	-17.33%
EBITDA	1,545	1,295	279	-1,186	1	-258
EBITDA Margin	10.41%	9.47%	2.59%	-8.72%	0.01%	-4.62%
D&A For EBITDA	296	305	352	261	105	74
EBIT	1,249	990	-73	-1,447	-104	-332
EBIT Margin	8.41%	7.24%	-0.68%	-10.64%	-0.81%	-5.94%
Effective Tax Rate	-	-	14.29%	-	-	-
Revenue as Reported	14,844	13,673	10,771	13,604	12,814	5,587
Advertising Expenses	-	229	228	490	479	490

Updated Feb 19, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q