Carvana revenue and financials
$63.72Change from previous close: −0.08%Absolute change: −$0.05
In the fiscal year ended December 2025, Carvana reported revenue of $20.32B (+48.63% year over year). Net income was $1.41B, a net margin of 6.9%.
Fiscal year ending in December. Sources and method on the page Methodology and sources.
At a glance
- Revenue growth
- +48.63%
- 2025 vs 2024
- Net income growth
- +570.00%
- 2025 vs 2024
- Net margin
- 6.9%
- 2024: 1.5%
Financial data
Amounts in millions of USD; per-share values in USD; shares in millions.
| Item | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 20,322 | 13,673 | 10,771 | 13,604 | 12,814 | 5,587 | 3,940 | 1,955 | 859 | 365 |
| Cost of revenue | 16,130 | 10,797 | 9,047 | 12,358 | 10,885 | 4,793 | 3,433 | 1,759 | 791 | 346 |
| Gross profit | 4,192 | 2,876 | 1,724 | 1,246 | 1,929 | 794 | 507 | 197 | 68.1 | 19.2 |
| Selling, general and administrative | 2,308 | 1,874 | 1,796 | 2,736 | — | — | — | — | — | — |
| Operating income | 1,881 | 990 | -80.0 | -2,351 | — | — | — | — | — | — |
| EBIT | -385 | 1,051 | 807 | -2,407 | — | — | — | — | — | — |
| EBITDA | -110 | 1,356 | 1,159 | -2,146 | — | — | — | — | — | — |
| Interest expense | 505 | 651 | 632 | 486 | 176 | 131 | 81.0 | 25.0 | 7.7 | 3.6 |
| Pre-tax income | -890 | 400 | 175 | -2,893 | — | — | — | — | — | — |
| Income tax | -2,785 | -4.0 | 25.0 | 1.0 | 1.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Net income | 1,407 | 210 | 450 | -1,587 | -135 | -171 | -115 | -55.5 | -62.8 | -93.1 |
| Net income to common shareholders | 1,407 | 210 | 450 | -1,587 | — | — | — | — | — | — |
| Basic EPS | 10.22 | 1.72 | 4.12 | -15.74 | -1.63 | — | — | — | — | — |
| Diluted EPS | 8.45 | 1.59 | 0.75 | -15.74 | -1.63 | -2.63 | -2.45 | — | — | — |
| Average shares (basic) | 688 | 612 | 547 | 504 | — | — | — | — | — | — |
| Average shares (diluted) | 224 | 132 | 201 | 101 | 82.8 | 65.0 | 46.8 | — | — | — |