Friday 6 November 2026 Export CVNA’s income statement to Excel — free account

Carvana Co.

CVNA Consumer Cyclical Auto & Truck Dealerships

Carvana Co.’s revenue for fiscal 2025 (year ended December 2025) was $20.3 billion, up 48.6% from fiscal 2024.

Revenue: +42.4%
EPS: +210.2%
Free cash flow: +59.4%
Total debt: +0.48%

Quarter to September 2026, against a year earlier

72.34 5.22 −6.73%

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Market cap: $79.5B
P/E: 27.2×
Fwd P/E: 41.2×
Dividend yield: —
F-score: 6/9
Altman Z: 6.34
Beneish M: −0.99
Dividend safety: n/a

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Carvana Co. (CVNA) revenue by segment, product and region

Where the money comes from and where it goes

Fiscal 2024: revenue by segment, and margins
Reportable Segment	13,673	100.00%
Gross margin		21.03%
Operating margin		7.24%
Pre-tax margin		2.93%

Revenue by product or service $m

Line	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017
Retail vehicle sales, net	14,537 71.53%	9,681 70.80%	7,514 69.76%	10,254 75.37%	9,851 76.88%	4,741 84.86%	3,421 86.83%	1,785 91.28%	797 92.79%
Wholesale sales and revenues	4,052 19.94%	2,841 20.78%	2,504 23.25%	2,609 19.18%	1,920 14.98%	445 7.96%	267 6.78%	74 3.76%	29 3.32%
Other sales and revenues	1,733 8.53%	1,151 8.42%	753 6.99%	741 5.45%	1,043 8.14%	401 7.18%	252 6.40%	97 4.95%	33 3.89%
Revenue	20,322	13,673	10,771	13,604	12,814	5,587	3,940	1,955	859

Revenue by segment $m

Line	FY2025	FY2024	FY2023	FY2022
Reportable Segment	20,322 100.00%	13,673 100.00%	10,771 100.00%	13,604 100.00%
Revenue	20,322	13,673	10,771	13,604

Operating income by segment $m, and margin

	FY2025	FY2024	FY2023	FY2022
Reportable Segment	‡	‡	‡	‡
Corporate and other	‡	‡	‡	‡
Operating income	‡	‡	‡	‡
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Operating figures as reported in each quarter’s results release or filing

Figure	Quarter	Latest	A year before	Change
ADESA integrations	Q3 FY2026	21.00	15.00	+40.00%
Inventory pools	Q4 FY2025	34.00	—	—
Retail units sold	Q3 FY2026	217.4K	155.9K	+39.40%
Retail vehicles	Q3 FY2026	$28,263.00	$25,625.00	+10.29%
Wholesale marketplace units sold	Q4 FY2025	238.4K	231.7K	+2.90%
Wholesale vehicles	Q3 FY2026	$9,854.00	$11,721.00	−15.93%
Wholesale vehicle unit sales	Q3 FY2026	111.1K	80.4K	+38.26%

	Q3 FY2026	Q2 FY2026	Q1 FY2026	Q4 FY2025	Q3 FY2025	Q2 FY2025	Q1 FY2025	Q4 FY2024	Q3 FY2024	Q2 FY2024	Q1 FY2024	Q4 FY2023	Q3 FY2023
ADESA integrations	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Inventory pools	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail units sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Retail vehicles	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wholesale marketplace units sold	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wholesale vehicles	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
Wholesale vehicle unit sales	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡	‡
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As each company reports them in its 10-K and 10-Q filings, in US dollars. Where a later filing recast a year's segments, the year is shown as recast; a period whose breakdown does not add up to the company's revenue is left out.