CVNA financial statements

The full income statement, balance sheet, and cash-flow statement for Carvana Co. (CVNA), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2025	FY2024	FY2023	FY2022	FY2021
Income Statement	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	20.3B YoY+48.6%	13.7B YoY+26.9%	10.8B YoY-20.8%	13.6B YoY+6.2%	12.8B YoY+129.4%
Lease income	9.00M YoY+28.6%	7.00M YoY+40.0%	5.00M	—	—
	4.19B YoY+45.8%	2.88B YoY+66.8%	1.72B YoY+38.4%	1.25B YoY-35.4%	1.93B YoY+142.9%
Cost of revenue	16.1B YoY+49.4%	10.8B YoY+19.3%	9.05B YoY-26.8%	12.4B YoY+13.5%	10.9B YoY+127.1%
Selling, general & administrative	2.31B YoY+23.2%	1.87B YoY+4.3%	1.80B YoY-34.4%	2.74B YoY+34.6%	2.03B YoY+80.6%
Amortization of intangibles	14.0M YoY-22.2%	18.0M YoY+5.9%	17.0M YoY+6.3%	16.0M YoY+700.0%	2.00M YoY+0.0%
Provision for credit losses	15.0M YoY-44.4%	27.0M YoY-28.9%	38.0M YoY+65.2%	23.0M YoY-17.9%	28.0M YoY+33.3%
Operating income	1.88B YoY+90.0%	990M YoY+1337.5%	-80.0M YoY+96.6%	-2.35B	—
Interest expense	505M YoY-22.4%	651M YoY+3.0%	632M YoY+30.0%	486M YoY+176.1%	176M YoY+34.4%
Other non-operating income	-2.25B YoY-3182.2%	73.0M YoY+711.1%	9.00M YoY+116.1%	-56.0M YoY-833.3%	-6.00M YoY-700.0%
Income tax	-2.79B YoY-69525.0%	-4.00M YoY-116.0%	25.0M YoY+2400.0%	1.00M YoY+0.0%	1.00M
	1.41B YoY+570.0%	210M YoY-53.3%	450M YoY+128.4%	-1.59B YoY-1075.6%	-135M YoY+21.1%
Net income to non-controlling interest	488M YoY+151.5%	194M YoY+164.7%	-300M YoY+77.0%	-1.31B YoY-759.9%	-152M YoY+47.8%
Net income to common	1.41B YoY+570.0%	210M YoY-53.3%	450M YoY+128.4%	-1.59B YoY-1075.6%	-135M YoY+21.1%
	$1.69 YoY+431.4%	$0.32 YoY+112.0%	$0.15 YoY+104.8%	-$3.15 YoY-865.6%	-$0.33 YoY+38.0%
EPS (basic)	$2.04 YoY+494.2%	$0.34 YoY-58.3%	$0.82 YoY+126.2%	-$3.15 YoY-865.6%	-$0.33
	688M YoY+12.5%	612M YoY+11.9%	547M YoY+8.4%	504M YoY+21.8%	414M
	1.12B YoY+69.6%	661M YoY-34.1%	1.00B YoY+98.9%	504M YoY+21.8%	414M YoY+27.4%
Balance Sheet	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	6.55B YoY+34.5%	4.87B YoY+46.6%	3.32B YoY-27.7%	4.59B YoY-6.1%	4.89B YoY+154.4%
Cash & equivalents	2.33B YoY+35.6%	1.72B YoY+223.8%	530M YoY+22.1%	434M YoY+7.7%	403M YoY+33.9%
Accounts receivable	245M YoY-19.1%	303M YoY+13.9%	266M YoY+5.1%	253M YoY+22.8%	206M YoY+160.8%
Inventory	2.41B YoY+49.8%	1.61B YoY+39.8%	1.15B YoY-38.7%	1.88B YoY-40.4%	3.15B YoY+204.0%
Other current assets	168M YoY+37.7%	122M YoY-11.6%	138M YoY-24.2%	182M YoY+11.7%	163M YoY+123.3%
	13.2B YoY+55.6%	8.48B YoY+20.0%	7.07B YoY-18.7%	8.70B YoY+24.0%	7.01B YoY+131.1%
Operating lease right-of-use	443M YoY+0.7%	440M YoY-3.3%	455M YoY-15.1%	536M YoY+45.3%	369M YoY+136.5%
Goodwill	10.0M	0.00	—	0.00 YoY-100.0%	9.00M YoY+0.0%
Intangible assets	47.0M YoY+38.2%	34.0M YoY-34.6%	52.0M YoY-25.7%	70.0M YoY+1650.0%	4.00M YoY-33.3%
Deferred tax assets	3.06B YoY+2.1%	3.00B	—	—	—
Other non-current assets	274M YoY-24.9%	365M YoY+39.8%	261M YoY+2.8%	254M YoY+40.3%	181M YoY+465.6%
	1.52B YoY+13.5%	1.34B YoY-12.9%	1.54B YoY-40.7%	2.59B YoY-10.3%	2.89B YoY+518.8%
Accounts payable	236M YoY+0.0%	236M YoY+2.2%	231M YoY-0.4%	232M YoY+64.5%	141M YoY+110.4%
Accrued liabilities	1.10B YoY+28.5%	856M YoY+43.6%	596M YoY-23.3%	777M YoY+18.4%	656M YoY+91.8%
Deferred revenue	51.0M YoY-19.0%	63.0M YoY+110.0%	30.0M YoY+30.4%	23.0M YoY-32.4%	34.0M YoY+100.0%
Short-term & current debt	211M YoY-30.1%	302M YoY-61.1%	777M YoY-52.6%	1.64B YoY-24.0%	2.15B YoY+2626.6%
Other current liabilities	134M YoY+26.4%	106M YoY+27.7%	83.0M YoY+3.8%	80.0M YoY+175.9%	29.0M YoY+45.0%
	9.00B YoY+26.6%	7.11B YoY-4.6%	7.46B YoY-23.5%	9.75B YoY+50.2%	6.49B YoY+190.6%
Long-term debt	4.83B YoY-8.1%	5.26B YoY-3.0%	5.42B YoY-17.6%	6.57B YoY+104.9%	3.21B YoY+98.4%
Non-current lease liability	406M YoY-1.9%	414M YoY-4.4%	433M YoY-14.6%	507M YoY+40.4%	361M YoY+143.9%
Operating lease liability (total)	480M YoY-0.2%	481M YoY-2.6%	494M YoY-12.9%	567M YoY+45.4%	390M YoY+133.6%
Finance lease liability (total)	157M YoY-14.2%	183M YoY-31.5%	267M YoY-28.6%	374M YoY+81.6%	206M YoY+87.2%
Other non-current liabilities	15.0M YoY-58.3%	36.0M YoY-48.6%	70.0M YoY-10.3%	78.0M YoY+151.6%	31.0M YoY+3000.0%
	3.44B YoY+173.1%	1.26B YoY+418.5%	243M YoY+146.9%	-518M YoY-269.3%	306M YoY-21.1%
Preferred stock	0.00	0.00	0.00	0.00	0.00
Additional paid-in capital	3.45B YoY+28.9%	2.68B YoY+43.2%	1.87B YoY+20.0%	1.56B YoY+96.0%	795M YoY+7.1%
Retained earnings	-9.00M YoY+99.4%	-1.42B YoY+12.9%	-1.63B YoY+21.7%	-2.08B YoY-324.5%	-489M YoY-38.1%
Non-controlling interest	762M YoY+562.6%	115M YoY+118.3%	-627M YoY-17.2%	-535M YoY-344.3%	219M YoY-47.1%
Total equity incl. non-controlling	4.20B YoY+205.7%	1.38B YoY+458.1%	-384M YoY+63.5%	-1.05B YoY-300.6%	525M YoY-34.5%
Total liabilities & equity	13.2B YoY+55.6%	8.48B YoY+20.0%	7.07B YoY-18.7%	8.70B YoY+24.0%	7.01B YoY+131.1%
	1.09B YoY+2.8%	1.06B YoY+6.3%	999M YoY+5.8%	945M YoY+9.3%	864M YoY+0.4%
Cash Flow	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
	1.04B YoY+12.9%	918M YoY+14.3%	803M YoY+160.6%	-1.32B YoY+49.0%	-2.59B YoY-326.6%
Intangible amortization	14.0M YoY-22.2%	18.0M YoY+5.9%	17.0M YoY+6.3%	16.0M YoY+700.0%	2.00M YoY+0.0%
Share-based compensation	96.0M YoY+5.5%	91.0M YoY+24.7%	73.0M YoY+5.8%	69.0M YoY+76.9%	39.0M YoY+56.0%
Change in receivables	-49.0M YoY-204.3%	47.0M YoY+113.6%	22.0M YoY+115.2%	-145M YoY-198.0%	148M YoY+244.2%
Change in inventory	734M YoY+61.3%	455M YoY+164.0%	-711M YoY+47.5%	-1.35B YoY-164.9%	2.09B YoY+693.2%
	-230M YoY-1669.2%	-13.0M YoY-141.9%	31.0M YoY+101.2%	-2.58B YoY-312.0%	-627M YoY-81.2%
Capital expenditure	147M YoY+61.5%	91.0M YoY+4.6%	87.0M YoY-83.0%	512M YoY-8.1%	557M YoY+54.7%
Free cash flow	889M YoY+7.5%	827M YoY+15.5%	716M YoY+139.0%	-1.84B YoY+41.7%	-3.15B YoY-225.5%
Acquisitions	160M	0.00 YoY-100.0%	7.00M YoY-99.7%	2.20B	0.00
Proceeds from sale of PP&E	2.00M YoY-81.8%	11.0M YoY-84.7%	72.0M YoY+63.6%	44.0M	0.00
	-137M YoY-152.5%	261M YoY+130.1%	-868M YoY-122.3%	3.90B YoY+10.5%	3.53B YoY+202.8%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	536M YoY-57.6%	1.26B YoY+179.0%	453M	0.00	0.00
Common stock repurchased	0.00	0.00	0.00	0.00	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Net change in cash	669M YoY-42.6%	1.17B YoY+3529.4%	-34.0M YoY-325.0%	-8.00M YoY-102.6%	307M YoY+45.5%
Interest paid	336M YoY+192.2%	115M YoY-78.6%	538M YoY+27.2%	423M YoY+178.3%	152M YoY+60.0%
Income taxes paid	6.00M	0.00 YoY-100.0%	27.0M YoY+800.0%	3.00M YoY+50.0%	2.00M
Valuation Ratios	as ofDec 31 ’25	as ofDec 31 ’24	as ofDec 31 ’23	as ofDec 31 ’22	as ofDec 31 ’21
P/E	49.9× YoY-61.0%	127.9×	—	—	—
	2.0% YoY+156.1%	0.78%	—	—	—
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: CVNA's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all CVNA filings on SEC EDGAR → Not investment advice.