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CVNA (Carvana Co.) Stock Financials & Earnings | Market Cap Arena
CVNA
Carvana Co.
Mkt Cap
$70B
Consumer Cyclical
·
Auto - Dealerships
·
🇺🇸 United States
·
NYSE
Revenue (TTM)
$20.3B
Net Income (TTM)
$1.4B
EPS (TTM)
$9.78
Free Cash Flow (TTM)
$889M
Gross Margin
20.6%
Op. Margin
9.3%
Net Margin
6.9%
FCF Margin
4.4%
P/S Ratio (TTM)
3.4x
P/E Ratio (TTM)
49.8x
YoY Rev Growth
+48.6%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$2.6B
$253M
-$131M
Q2 23
$3.0B
$499M
$42M
Q3 23
$2.8B
$437M
$49M
Q4 23
$2.4B
$359M
-$37M
Q1 24
$3.1B
$548M
$135M
Q2 24
$3.4B
$674M
$260M
Q3 24
$3.7B
$767M
$338M
Q4 24
$3.5B
$722M
$269M
Q1 25
$4.2B
$887M
$394M
Q2 25
$4.8B
$1.0B
$513M
Q3 25
$5.6B
$1.1B
$552M
Q4 25
$5.6B
$1.1B
$424M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
5.5x
—
Q2 23
5.9x
—
Q3 23
6.3x
—
Q4 23
6.5x
155.6x
Q1 24
6.2x
109.8x
Q2 24
6.0x
98.1x
Q3 24
5.6x
4119.1x
Q4 24
5.1x
333.5x
Q1 25
4.7x
175.9x
Q2 25
4.3x
124.4x
Q3 25
3.8x
111.3x
Q4 25
3.4x
49.8x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$66M
-$98M
Q2 23
$509M
$491M
Q3 23
$599M
$580M
Q4 23
-$239M
-$257M
Q1 24
$101M
$83M
Q2 24
$354M
$332M
Q3 24
$403M
$376M
Q4 24
$60M
$36M
Q1 25
$232M
$205M
Q2 25
$29M
-$2M
Q3 25
$345M
$307M
Q4 25
$430M
$379M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$32M
Q2 23
$18M
Q3 23
$19M
Q4 23
$18M
Q1 24
$18M
Q2 24
$22M
Q3 24
$27M
Q4 24
$24M
Q1 25
$27M
Q2 25
$31M
Q3 25
$38M
Q4 25
$51M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
-25.5%
-30.3%
Q2 23
-23.6%
-30.5%
Q3 23
-18.1%
-26.0%
Q4 23
-14.6%
-24.9%
Q1 24
+17.5%
+6.9%
Q2 24
+14.9%
+7.7%
Q3 24
+31.8%
+21.8%
Q4 24
+46.3%
+33.2%
Q1 25
+38.3%
+31.2%
Q2 25
+41.9%
+37.4%
Q3 25
+54.5%
+53.6%
Q4 25
+58.0%
+58.0%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$15M
0.6%
Q2 23
$19M
0.6%
Q3 23
$18M
0.6%
Q4 23
$21M
0.9%
Q1 24
$22M
0.7%
Q2 24
$23M
0.7%
Q3 24
$24M
0.7%
Q4 24
$22M
0.6%
Q1 25
$23M
0.5%
Q2 25
$27M
0.6%
Q3 25
$24M
0.4%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
G&A
S&M
SG&A
Quarter
G&A
S&M
SG&A
Q1 23
$412M
$56M
—
Q2 23
$366M
$86M
—
Q3 23
$377M
$56M
—
Q4 23
$197M
$59M
—
Q1 24
$402M
$54M
—
Q2 24
$400M
$55M
—
Q3 24
$413M
$56M
—
Q4 24
$265M
$64M
—
Q1 25
$463M
$72M
—
Q2 25
$467M
$84M
—
Q3 25
$493M
$102M
—
Q4 25
—
—
$627M
marketcaparena.com
Revenue Segments
Quarter
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$488M
$312M
$800M
Q2 23
$541M
$335M
$876M
Q3 23
$616M
$371M
$987M
Q4 23
$530M
$366M
$896M
Q1 24
$252M
$388M
$640M
Q2 24
$542M
$421M
$963M
Q3 24
$871M
$463M
$1.3B
Q4 24
$1.7B
$464M
$2.2B
Q1 25
$1.9B
$475M
$2.3B
Q2 25
$1.9B
$466M
$2.3B
Q3 25
$2.2B
$486M
$2.7B
Q4 25
$2.3B
$0
$2.3B
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
106M
+0.1%
Q2 23
106M
+0.2%
Q3 23
110M
+3.7%
Q4 23
114M
+3.6%
Q1 24
116M
+1.9%
Q2 24
128M
+10.5%
Q3 24
134M
+4.0%
Q4 24
140M
+4.7%
Q1 25
143M
+2.0%
Q2 25
143M
+0.5%
Q3 25
146M
+2.1%
Q4 25
226M
+54.2%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
—
—
FY 15
—
—
FY 16
—
—
FY 17
$461K
2K
FY 18
$504K
4K
FY 19
$538K
7K
FY 20
$537K
10K
FY 21
$610K
21K
FY 22
$820K
17K
FY 23
$786K
14K
FY 24
$786K
17K
FY 25
$880K
23K
marketcaparena.com