ACVA Q1 2024 Earnings — ACV Auctions Inc. Revenue & Financial Results | Market Cap Arena

ACVAACV Auctions Inc.

$868M

Q1 2024 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$146M+21.8% YoY

Gross Profit

$77M53.0% margin

Operating Income

-$23M-15.5% margin

Net Income

-$20M-14.1% margin

EPS (Diluted)

$-0.13

QoQ Revenue Growth

+23.1%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$34M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$586M

Stockholders' Equity

$458M

Cash & Equivalents

$210M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$146M	$120M	+21.8%
Gross Profit	$77M	$60M	+28.8%
Operating Income	-$23M	-$21M	-8.1%
Net Income	-$20M	-$18M	-12.5%

Revenue Segments

Auction Marketplace Revenue

$67M55%

Other Marketplace Revenue

$55M45%