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 revenue | 7,376 | 6,432 | 5,603 | 5,647 | 4,840 | 4,232 | 3,547 | 3,655 | 3,410 | 3,061 | 2,424 | 2,773 |
| Cost of revenue | 5,992 | 5,161 | 4,552 | 4,499 | 3,776 | 3,303 | 2,784 | 2,848 | 2,695 | 2,470 | 2,022 | 2,291 |
| Gross profit | 1,384 | 1,271 | 1,051 | 1,148 | 1,064 | 929 | 763 | 807 | 715 | 591 | 402 | 482 |
| Selling, general and administrative | 704 | 690 | 463 | 595 | 551 | 535 | 329 | 469 | 455 | 456 | 256 | 433 |
| Operating income | 680 | 581 | 424 | 553 | 513 | 394 | 269 | 338 | 260 | 135 | -45.0 | 49.0 |
| EBIT | 680 | 581 | 424 | 553 | 513 | 394 | 269 | 338 | 260 | 135 | -45.0 | 49.0 |
| EBITDA | 749 | 650 | 493 | 618 | 581 | 467 | 343 | 411 | 336 | 217 | 37.0 | 136 |
| Interest expense | 101 | 99.0 | 98.0 | 125 | 143 | 139 | 148 | 157 | 173 | 173 | 165 | 153 |
| Pre-tax income | 579 | 441 | -1,832 | 259 | 308 | 375 | 156 | 147 | 49.0 | 48.0 | -202 | 770 |
| Income tax | 66.0 | 36.0 | -2,783 | -4.0 | 0.0 | 2.0 | -3.0 | -1.0 | 1.0 | -1.0 | -2.0 | 29.0 |
| Net income | 310 | 250 | 857 | 151 | 183 | 216 | 79.0 | 85.0 | 18.0 | 28.0 | -114 | 782 |
| Net income to common shareholders | 310 | 250 | 857 | 151 | 183 | 216 | 79.0 | 85.0 | 18.0 | 28.0 | -114 | 782 |
| Basic EPS | 0.43 | 0.35 | 1.21 | 0.22 | 0.27 | 0.32 | 0.12 | 0.14 | 0.03 | 0.05 | -0.20 | 1.41 |
| Diluted EPS | 0.42 | 0.34 | 1.19 | 0.21 | 0.26 | 0.30 | 0.11 | 0.13 | 0.03 | 0.05 | -0.35 | 0.72 |
| Average shares (basic) | 718 | 714 | 709 | 696 | 677 | 670 | 651 | 619 | 595 | 581 | 571 | 554 |
| Average shares (diluted) | 740 | 740 | 1,128 | 731 | 716 | 713 | 699 | 668 | 642 | 1,061 | 571 | 1,030 |