Carvana revenue and financials
$63.88Change from previous close: +0.25%Absolute change: +$0.16
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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 1,036 | 918 | 803 | -1,324 | -2,594 | -608 | -757 | -414 | -200 | -240 |
| Depreciation and amortization | 275 | 305 | 352 | 261 | 105 | — | — | — | — | — |
| Capital expenditure | -147 | -91.0 | -87.0 | -512 | -557 | -360 | -231 | -144 | -78.5 | -39.5 |
| Investing cash flow | -230 | -13.0 | 31.0 | -2,583 | -627 | — | — | — | — | — |
| Financing cash flow | -137 | 261 | -868 | 3,899 | 3,528 | — | — | — | — | — |
| Dividends paid | — | — | — | — | — | — | — | -4.6 | 0.0 | 0.0 |
| Share repurchases | -30.0 | -19.0 | -15.0 | -8.0 | -40.0 | — | — | — | — | — |
| Debt issued | 4,193 | 3,287 | 6,841 | 16,417 | 16,250 | — | — | — | — | — |
| Debt repaid | -4,846 | -4,274 | -8,078 | -13,666 | -12,660 | — | — | — | — | — |
| Net change in cash | 669 | 1,166 | -34.0 | -8.0 | 307 | — | — | — | — | — |
| Free cash flow | 889 | 827 | 716 | -1,836 | -3,151 | — | — | — | — | — |
| Levered free cash flow | 250 | 566 | 1,159 | -911 | -2,850 | — | — | — | — | — |