Carvana Co. (CVNA)

Carvana Co. Income Statement

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

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Revenue	8,040	7,376	6,432	5,603	5,647	4,840	4,232	3,547	3,655	3,410	3,061	2,424	2,773	2,968	2,606	2,837	3,386	3,884	3,497	3,753
Revenue Growth (YoY)	42.38%	52.40%	51.99%	57.96%	54.50%	41.94%	38.26%	46.33%	31.81%	14.89%	17.46%	-14.56%	-18.10%	-23.58%	-25.48%	-24.41%	-2.70%	16.43%	55.77%	105.42%
Cost of Revenue	6,519	5,992	5,161	4,552	4,499	3,776	3,303	2,784	2,848	2,695	2,470	2,022	2,291	2,469	2,265	2,644	3,026	3,487	3,199	3,241
Gross Profit	1,521	1,384	1,271	1,051	1,148	1,064	929	763	807	715	591	402	482	499	341	193	360	397	298	512
Selling, General & Admin	805	704	690	463	595	551	535	329	469	455	456	256	433	449	468	379	655	718	707	616
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	8	-	-	-	-	-	-	-	-
Operating Expenses	805	704	690	627	595	551	535	494	469	455	456	447	433	449	468	579	655	718	707	616
Operating Income	716	680	581	424	553	513	394	269	338	260	135	-45	49	50	-127	-386	-295	-321	-409	-104
Interest Expense	-98	-101	-99	-98	-125	-143	-139	-148	-157	-173	-173	-165	-153	-155	-159	-153	-153	-116	-64	-55
Other Non Operating Income (Expenses)	-11	-	1	-2,094	-154	-60	-36	-65	-29	-13	12	14	-9	4	4	98	-72	-	-8	-26
EBT Excluding Unusual Items	607	579	483	-1,768	274	310	219	56	152	74	-26	-196	-113	-101	-282	-441	-520	-437	-481	-185
Merger & Restructuring Charges	-	-	-	-	-	-	-	-	-	-	-	-	-	-3	-4	-53	-	-	-	-
Impairment of Goodwill	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-847	-	-	-	-
Gain (Loss) on Sale of Investments	-	-	-42	-64	-	-	158	115	-	-22	75	-	-	-	-1	-79	-	-	-5	-
Gain (Loss) on Sale of Assets	-2	-	-	-	-1	-2	-	-9	-1	-1	-1	7	-1	-5	-1	-11	-	-	-	-
Other Unusual Items	-53	-	-	-	-14	-	-2	-6	-4	-2	-	-13	884	4	-	-10	12	-1	-20	4
Pretax Income	552	579	441	-1,832	259	308	375	156	147	49	48	-202	770	-105	-288	-1,441	-508	-438	-506	-181
Income Tax Expense	69	66	36	-2,783	-4	-	2	-3	-1	1	-1	-2	29	-	-2	-	-	1	-	1
Earnings From Continuing Operations	483	513	405	951	263	308	373	159	148	48	49	-200	741	-105	-286	-1,441	-508	-439	-506	-182
Minority Interest in Earnings	-194	-203	-155	-94	-112	-125	-157	-80	-63	-30	-21	86	41	47	126	635	225	201	246	93
Net Income	289	310	250	857	151	183	216	79	85	18	28	-114	782	-58	-160	-806	-283	-238	-260	-89
Net Income to Common	289	310	250	857	151	183	216	79	85	18	28	-114	782	-58	-160	-806	-283	-238	-260	-89
Net Income Growth (YoY)	91.39%	69.40%	15.74%	984.81%	77.65%	916.67%	671.43%	-	-89.13%	-	-	-	-	-	-	-	-	-	-	-
Shares Outstanding (Basic)	721	718	714	709	696	677	670	651	619	595	581	571	554	531	530	530	529	507	450	435
Shares Outstanding (Diluted)	740	740	740	1,128	731	716	713	699	668	642	1,061	571	1,030	531	530	530	529	507	450	435
Shares Change (YoY)	1.17%	3.32%	3.86%	61.25%	9.52%	11.49%	-32.82%	22.56%	-35.15%	20.94%	100.21%	7.74%	94.56%	4.70%	17.67%	21.82%	24.86%	-42.36%	15.35%	18.78%
EPS (Basic)	0.40	0.43	0.35	1.21	0.22	0.27	0.32	0.12	0.14	0.03	0.05	-0.20	1.41	-0.11	-0.30	-1.52	-0.53	-0.47	-0.58	-0.20
EPS (Diluted)	0.39	0.42	0.34	1.19	0.21	0.26	0.30	0.11	0.13	0.03	0.05	-0.35	0.72	-0.11	-0.30	-1.52	-0.53	-0.47	-0.58	-0.20
EPS Growth (YoY)	85.71%	61.54%	11.92%	946.71%	64.06%	828.57%	554.05%	-	-82.21%	-	-	-	-	-	-	-	-	-	-	-

Additional Metrics

Fiscal Quarter	Q3 2026	Q2 2026	Q1 2026	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021
Period Ending	Sep 30, 2026	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Free Cash Flow	491	187	56	379	307	-2	205	36	376	332	83	-257	580	491	-98	-800	-188	-35	-813	-1,339
Free Cash Flow Per Share	0.66	0.25	0.08	0.34	0.42	-0.00	0.29	0.05	0.56	0.52	0.08	-0.45	0.56	0.92	-0.18	-1.51	-0.35	-0.07	-1.80	-3.08
Gross Margin	18.92%	18.76%	19.76%	18.76%	20.33%	21.98%	21.95%	21.51%	22.08%	20.97%	19.31%	16.58%	17.38%	16.81%	13.08%	6.80%	10.63%	10.22%	8.52%	13.64%
Operating Margin	8.91%	9.22%	9.03%	7.57%	9.79%	10.60%	9.31%	7.58%	9.25%	7.63%	4.41%	-1.86%	1.77%	1.69%	-4.87%	-13.61%	-8.71%	-8.27%	-11.70%	-2.77%
Profit Margin	3.60%	4.20%	3.89%	15.29%	2.67%	3.78%	5.10%	2.23%	2.33%	0.53%	0.92%	-4.70%	28.20%	-1.95%	-6.14%	-28.41%	-8.36%	-6.13%	-7.43%	-2.37%
Free Cash Flow Margin	6.11%	2.54%	0.87%	6.76%	5.44%	-0.04%	4.84%	1.01%	10.29%	9.74%	2.71%	-10.60%	20.92%	16.54%	-3.76%	-28.20%	-5.55%	-0.90%	-23.25%	-35.68%
EBITDA	780	749	650	493	618	581	467	343	411	336	217	37	136	140	-34	-304	-217	-257	-372	-71
EBITDA Margin	9.70%	10.15%	10.11%	8.80%	10.94%	12.00%	11.04%	9.67%	11.24%	9.85%	7.09%	1.53%	4.90%	4.72%	-1.31%	-10.71%	-6.41%	-6.62%	-10.64%	-1.89%
D&A For EBITDA	64	69	69	69	65	68	73	74	73	76	82	82	87	90	93	82	78	64	37	33
EBIT	716	680	581	424	553	513	394	269	338	260	135	-45	49	50	-127	-386	-295	-321	-409	-104
EBIT Margin	8.91%	9.22%	9.03%	7.57%	9.79%	10.60%	9.31%	7.58%	9.25%	7.63%	4.41%	-1.86%	1.77%	1.69%	-4.87%	-13.61%	-8.71%	-8.27%	-11.70%	-2.77%
Effective Tax Rate	12.50%	11.40%	8.16%	-	-	-	0.53%	-	-	2.04%	-	-	3.77%	-	-	-	-	-	-	-
Revenue as Reported	8,040	7,376	6,432	5,603	5,647	4,840	4,232	3,547	3,655	3,410	3,061	2,424	2,773	2,968	2,606	2,837	3,386	3,884	3,497	3,753
Advertising Expenses	152	121	118	-	102	84	72	-	56	55	54	-	56	57	56	-	117	131	155	-

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Oct 28, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 3, 2026

Data Sources Report a data error