ACVA Q2 2023 Earnings — ACV Auctions Inc. Revenue & Financial Results | Market Cap Arena

ACVAACV Auctions Inc.

$868M

Q2 2023 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$124M+7.9% YoY

Gross Profit

$61M48.7% margin

Operating Income

-$20M-15.9% margin

Net Income

-$16M-12.5% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+3.8%

Cash Flow

Operating Cash Flow

-$20M

Free Cash Flow

-$28M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$936M

Total Liabilities

$460M

Stockholders' Equity

$476M

Cash & Equivalents

$272M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$124M	$115M	+7.9%
Gross Profit	$61M	$51M	+19.6%
Operating Income	-$20M	-$25M	+20.0%
Net Income	-$16M	-$25M	+36.4%

Revenue Segments

Marketplace And Service Revenue

$109M50%

Auction Marketplace Revenue

$55M25%

Other Marketplace Revenue

$47M21%

Data Services Revenue

$8M4%