ACVA Q1 2023 Earnings — ACV Auctions Inc. Revenue & Financial Results | Market Cap Arena

ACVAACV Auctions Inc.

$868M

Q1 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$120M+16.1% YoY

Gross Profit

$60M50.1% margin

Operating Income

-$21M-17.4% margin

Net Income

-$18M-15.2% margin

EPS (Diluted)

$-0.11

QoQ Revenue Growth

+22.1%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$38M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$995M

Total Liabilities

$514M

Stockholders' Equity

$481M

Cash & Equivalents

$317M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$120M	$103M	+16.1%
Gross Profit	$60M	$42M	+42.0%
Operating Income	-$21M	-$29M	+28.4%
Net Income	-$18M	-$29M	+38.3%

Revenue Segments

Marketplace And Service Revenue

$105M50%

Auction Marketplace Revenue

$54M26%

Other Marketplace Revenue

$43M20%

Data Services Revenue

$8M4%