Carvana Co. Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Cash & Equivalents	3,049	2,327	1,716	530	434	403
Short-Term Investments	557	486	464	366	321	382
Cash & Short-Term Investments	3,606	2,813	2,180	896	755	785
Cash Growth	37.21%	29.04%	143.30%	18.68%	-3.82%	81.71%
Accounts Receivable	332	250	307	269	259	218
Receivables	332	250	307	269	259	218
Inventory	3,456	2,408	1,608	1,150	1,876	3,149
Restricted Cash	123	102	44	64	194	233
Other Current Assets	1,111	976	730	942	1,510	507
Total Current Assets	8,628	6,549	4,869	3,321	4,594	4,892
Property, Plant & Equipment	3,348	3,257	3,213	3,437	3,780	1,929
Long-Term Investments	-	-	-	-	2	-
Goodwill	12	10	-	-	-	9
Other Intangible Assets	51	47	34	52	70	4
Long-Term Accounts Receivable	-	-	2	7	38	7
Long-Term Deferred Tax Assets	2,905	3,064	3	-	-	-
Long-Term Deferred Charges	37	36	46	60	82	34
Other Long-Term Assets	214	238	317	194	132	140
Total Assets	15,195	13,201	8,484	7,071	8,698	7,015

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Accounts Payable	382	236	236	231	232	141
Accrued Expenses	647	628	482	275	452	352
Short-Term Debt	71	58	67	668	1,534	2,053
Current Portion of Long-Term Debt	262	144	309	109	104	101
Current Portion of Leases	102	157	-	87	101	51
Current Income Taxes Payable	-	-	-	3	-	-
Other Current Liabilities	666	296	244	163	169	192
Total Current Liabilities	2,130	1,519	1,338	1,536	2,592	2,890
Long-Term Debt	4,313	4,274	4,774	4,747	5,813	2,610
Long-Term Leases	949	962	896	1,102	1,268	959
Other Long-Term Liabilities	2,150	2,243	101	70	78	31
Total Liabilities	9,542	8,998	7,109	7,455	9,751	6,490

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Common Stock	1	-	-	-	-	-
Additional Paid-In Capital	3,498	3,450	2,676	1,869	1,558	795
Retained Earnings	840	-9	-1,416	-1,626	-2,076	-489
Total Common Equity	4,352	3,441	1,260	243	-518	306
Minority Interest	1,301	762	115	-627	-535	219
Shareholders' Equity	5,653	4,203	1,375	-384	-1,053	525
Total Liabilities & Equity	15,195	13,201	8,484	7,071	8,698	7,015

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '26 Sep 30, 2026	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
Total Debt	5,697	5,595	6,046	6,713	8,820	5,774
Net Cash (Debt)	-2,091	-2,782	-3,866	-5,817	-8,065	-4,989
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-1.84	-2.48	-5.85	-5.80	-16.00	-12.05
Filing Date Shares Outstanding	722.71	713.68	670.23	581.4	530.37	450.5
Total Common Shares Outstanding	721.81	711.15	666.36	571.2	530.19	449.65
Working Capital	6,498	5,030	3,531	1,785	2,002	2,002
Book Value Per Share	6.03	4.84	1.89	0.43	-0.98	0.68
Tangible Book Value	4,289	3,384	1,226	191	-588	293
Tangible Book Value Per Share	5.94	4.76	1.84	0.33	-1.11	0.65
Land	1,375	1,365	1,335	1,331	1,331	303
Buildings	1,518	1,467	1,380	1,344	1,267	643
Machinery	919	814	692	714	831	444
Construction In Progress	150	62	59	72	134	295

SEC Filings: 10-K · 10-Q