ACVA Q2 2024 Earnings — ACV Auctions Inc. Revenue & Financial Results | Market Cap Arena

ACVAACV Auctions Inc.

$868M

Q2 2024 Earnings

Consumer Cyclical Auto - Dealerships

Income Statement

Revenue

$161M+29.3% YoY

Gross Profit

$82M50.9% margin

Operating Income

-$19M-11.6% margin

Net Income

-$17M-10.6% margin

EPS (Diluted)

$-0.10

QoQ Revenue Growth

+10.3%

Cash Flow

Operating Cash Flow

$5M

Free Cash Flow

-$5M

Stock-Based Comp.

$15M

Balance Sheet

Total Assets

$1.0B

Total Liabilities

$553M

Stockholders' Equity

$458M

Cash & Equivalents

$215M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$161M	$124M	+29.3%
Gross Profit	$82M	$61M	+35.2%
Operating Income	-$19M	-$20M	+5.8%
Net Income	-$17M	-$16M	-9.5%

Revenue Segments

Auction Marketplace Revenue

$75M56%

Other Marketplace Revenue

$60M44%