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 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | 14,552 | 13,771 | 13,201 | 9,853 | 9,366 | 8,878 | 8,484 | 7,368 | 7,170 | 6,983 | 7,071 | 7,025 |
| Current assets | 8,006 | 7,197 | 6,549 | 6,265 | 5,673 | 5,137 | 4,869 | 3,765 | 3,477 | 3,232 | 3,321 | 3,186 |
| Cash and equivalents | 2,630 | 2,410 | 2,327 | 2,142 | 1,857 | 1,858 | 1,716 | 871 | 542 | 252 | 530 | 544 |
| Short-term investments | 502 | 492 | 486 | 486 | 466 | 475 | 464 | 463 | 421 | 388 | 366 | 371 |
| Receivables | 384 | 346 | 250 | 357 | 325 | 373 | 307 | 367 | 353 | 355 | 269 | 318 |
| Inventory | 3,263 | 2,664 | 2,408 | 2,316 | 2,023 | 1,503 | 1,608 | 1,305 | 1,221 | 1,162 | 1,150 | 1,085 |
| Net property, plant and equipment | 3,284 | 3,252 | 3,257 | 3,165 | 3,152 | 3,173 | 3,213 | 3,278 | 3,333 | 3,366 | 3,437 | 3,524 |
| Goodwill | 12.0 | 10.0 | 10.0 | 3.0 | 2.0 | 2.0 | — | — | — | — | — | — |
| Other intangible assets | 53.0 | 49.0 | 47.0 | 35.0 | 32.0 | 35.0 | 34.0 | 39.0 | 43.0 | 48.0 | 52.0 | 56.0 |
| Current liabilities | 2,039 | 1,761 | 1,519 | 1,548 | 1,417 | 1,347 | 1,338 | 1,159 | 1,118 | 1,274 | 1,536 | 1,395 |
| Accounts payable | 391 | 320 | 236 | 291 | 257 | 226 | 236 | 231 | 275 | 272 | 231 | 251 |
| Long-term debt | 4,295 | 4,290 | 4,274 | 4,243 | 4,758 | 4,685 | 4,774 | 4,769 | 4,800 | 4,897 | 4,747 | 4,614 |
| Total debt | 5,621 | 5,546 | 5,521 | 5,605 | 6,109 | — | — | — | — | — | — | — |
| Total liabilities | 9,414 | 9,139 | 8,998 | 6,902 | 7,249 | 7,105 | 7,109 | 7,082 | 7,055 | 7,294 | 7,455 | 7,227 |
| Total equity (incl. minority) | 5,138 | 4,632 | 4,203 | 2,951 | 2,117 | 1,773 | 1,375 | 286 | 115 | -311 | -384 | -202 |
| Retained earnings | 551 | 241 | -9.0 | -866 | -1,017 | -1,200 | -1,416 | -1,495 | -1,580 | -1,598 | -1,626 | -1,512 |
| Minority interest | 1,110 | 912 | 762 | 672 | 387 | 269 | 115 | -325 | -411 | -600 | -627 | -541 |