Carvana Co. (CVNA) balance sheet
NYSE · Consumer Cyclical · Auto - Dealerships · 23,100 employees · CEO Ernest C. Garcia
- Price
- $68.29 -0.03%
- Market cap
- $74.9B
- Enterprise value
- $77.5B
- Last report
- Q3 '26 filed 2026-10-28
- Next report
- 2027-02-17 EPS est. $0.38
At the end of Q3 '26 Carvana Co. (CVNA) held $3.05B in cash and short-term investments against $5.62B of debt incl. leases. Total assets $15.2B, total liabilities $9.54B, shareholders' equity $4.35B.
Balance sheet
| Balance sheet | Trend | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||||
| Cash & equivalents | $530M | $252M | $542M | $871M | $1.72B | $1.86B | $1.86B | $2.22B | $2.33B | $2.41B | $2.63B | $3.05B | |
| Short-term investments | $366M | $388M | $421M | $463M | $464M | $475M | $466M | $486M | $486M | $492M | $502M | $0 | |
| Receivables | $266M | $351M | $349M | $367M | $303M | $373M | $325M | $1.08B | $250M | $346M | $1.5B | $1.22B | |
| Inventory | $1.15B | $1.16B | $1.22B | $1.31B | $1.61B | $1.5B | $2.02B | $2.32B | $2.41B | $2.66B | $3.26B | $3.46B | |
| Other current assets | $1.01B | $1.08B | $944M | $759M | $778M | $928M | $1B | $166M | $1.08B | $1.29B | $113M | $907M | |
| Current assets | $3.32B | $3.23B | $3.48B | $3.77B | $4.87B | $5.14B | $5.67B | $6.27B | $6.55B | $7.2B | $8.01B | $8.63B | |
| Property, plant & equipment (net) | $3.44B | $3.37B | $3.33B | $3.28B | $3.21B | $3.17B | $3.15B | $3.17B | $3.26B | $3.25B | $3.28B | $3.35B | |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $2M | $2M | $3M | $10M | $10M | $12M | $12M | |
| Intangible assets | $52M | $48M | $43M | $39M | $34M | $35M | $32M | $35M | $47M | $49M | $53M | $51M | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.06B | $3.03B | $2.97B | $2.91B | |
| Other non-current assets | $261M | $337M | $317M | $286M | $368M | $531M | $507M | $385M | $274M | $232M | $229M | $251M | |
| Non-current assets | $3.75B | $3.75B | $3.69B | $3.6B | $3.62B | $3.74B | $3.69B | $3.59B | $6.65B | $6.57B | $6.55B | $6.57B | |
| Total assets | $7.07B | $6.98B | $7.17B | $7.37B | $8.48B | $8.88B | $9.37B | $9.85B | $13.2B | $13.8B | $14.6B | $15.2B | |
| Liabilities | |||||||||||||
| Accounts payable | $231M | $272M | $275M | $231M | $236M | $204M | $257M | $291M | $236M | $320M | $1.46B | $1.57B | |
| Accrued expenses | $157M | $167M | $197M | $242M | $303M | $267M | $341M | $87M | $423M | $352M | $0 | $0 | |
| Short-term debt | $857M | $469M | $275M | $285M | $376M | $372M | $384M | $536M | $285M | $308M | $382M | $354M | |
| Taxes payable | $80M | $3M | $95M | $87M | $87M | $100M | $92M | $0 | $0 | $0 | $104M | $0 | |
| Deferred revenue | $30M | $39M | $49M | $50M | $63M | $57M | $46M | $0 | $51M | $47M | $0 | $0 | |
| Other current liabilities | $181M | $227M | $227M | $251M | $273M | $325M | $259M | $634M | $327M | $393M | $196M | $202M | |
| Current liabilities | $1.54B | $1.27B | $1.12B | $1.16B | $1.34B | $1.35B | $1.42B | $1.55B | $1.52B | $1.76B | $2.04B | $2.13B | |
| Long-term debt | $5.42B | $5.54B | $5.43B | $5.43B | $5.26B | $5.27B | $5.32B | $4.81B | $4.83B | $4.85B | $4.85B | $4.87B | |
| Lease obligations (non-current) | $433M | $424M | $444M | $429M | $414M | $402M | $402M | $402M | $406M | $392M | $385M | $388M | |
| Other non-current liabilities | $70M | $52M | $65M | $63M | $101M | $87M | $107M | $142M | $2.24B | $2.14B | $2.14B | $2.15B | |
| Non-current liabilities | $5.92B | $6.02B | $5.94B | $5.92B | $5.77B | $5.76B | $5.83B | $5.35B | $7.48B | $7.38B | $7.38B | $7.41B | |
| Total liabilities | $7.46B | $7.29B | $7.06B | $7.08B | $7.11B | $7.11B | $7.25B | $6.9B | $9B | $9.14B | $9.41B | $9.54B | |
| Equity | |||||||||||||
| Common stock & paid-in capital | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1M | $1M | |
| Retained earnings | -$1.63B | -$1.6B | -$1.58B | -$1.5B | -$1.42B | -$1.2B | -$1.02B | -$866M | -$9M | $241M | $551M | $840M | |
| Accumulated other comprehensive income | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $13M | |
| Shareholders' equity | $243M | $289M | $526M | $611M | $1.26B | $1.5B | $1.73B | $2.28B | $3.44B | $3.72B | $4.03B | $4.35B | |
| Debt | |||||||||||||
| Total debt (incl. leases) | $6.71B | $6.44B | $6.15B | $6.15B | $6.05B | $6.04B | $6.11B | $5.75B | $5.52B | $5.55B | $5.62B | $5.62B | |
| Net debt (debt - cash) | $6.18B | $6.19B | $5.61B | $5.27B | $4.33B | $4.19B | $4.25B | $3.53B | $3.19B | $3.14B | $2.99B | $2.57B | |
| Balance sheet | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||||
| Cash & equivalents | $39.2M | $173M | $78.9M | $76M | $301M | $403M | $434M | $530M | $1.72B | $2.33B | |
| Short-term investments | $0 | $0 | $0 | $98.8M | $131M | $382M | $321M | $366M | $464M | $486M | |
| Receivables | $5.69M | $14.1M | $33.1M | $39.9M | $79M | $206M | $253M | $266M | $303M | $250M | |
| Inventory | $186M | $227M | $412M | $763M | $1.04B | $3.15B | $1.88B | $1.15B | $1.61B | $2.41B | |
| Other current assets | $44.9M | $75.5M | $139M | $382M | $376M | $752M | $1.71B | $1.01B | $778M | $1.08B | |
| Current assets | $275M | $490M | $663M | $1.36B | $1.92B | $4.89B | $4.59B | $3.32B | $4.87B | $6.55B | |
| Property, plant & equipment (net) | $60.6M | $149M | $297M | $667M | $1.07B | $1.93B | $3.78B | $3.44B | $3.21B | $3.26B | |
| Long-term investments | $0 | $0 | $1.9M | $6.34M | $0 | $8M | $0 | $0 | $0 | $0 | |
| Goodwill | $0 | $0 | $9.35M | $9.35M | $9M | $9M | $0 | $0 | $0 | $10M | |
| Intangible assets | $0 | $0 | $8.87M | $7.23M | $6M | $4M | $70M | $52M | $34M | $47M | |
| Deferred tax assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3.06B | |
| Other non-current assets | $0 | $2.74M | $11.2M | $8.51M | $32M | $173M | $254M | $261M | $368M | $274M | |
| Non-current assets | $60.6M | $151M | $328M | $698M | $1.11B | $2.12B | $4.1B | $3.75B | $3.62B | $6.65B | |
| Total assets | $336M | $641M | $991M | $2.06B | $3.04B | $7.02B | $8.7B | $7.07B | $8.48B | $13.2B | |
| Liabilities | |||||||||||
| Accounts payable | $6.21M | $10.5M | $29.1M | $54M | $67M | $114M | $216M | $231M | $236M | $236M | |
| Accrued expenses | $14.3M | $21.1M | $33.1M | $77.2M | $128M | $290M | $321M | $157M | $303M | $423M | |
| Short-term debt | $166M | $254M | $208M | $618M | $105M | $2.21B | $1.74B | $857M | $376M | $285M | |
| Taxes payable | $4.27M | $9.03M | $27.7M | $45.8M | $71.5M | $102M | $76M | $80M | $87M | $0 | |
| Deferred revenue | $0 | $0 | $2.89M | $6.38M | $17M | $34M | $23M | $30M | $63M | $51M | |
| Other current liabilities | $3.4M | $9.6M | $24.8M | $54.3M | $79.1M | $118M | $205M | $181M | $273M | $327M | |
| Current liabilities | $196M | $306M | $330M | $865M | $467M | $2.89B | $2.59B | $1.54B | $1.34B | $1.52B | |
| Long-term debt | $4.4M | $48.5M | $425M | $883M | $1.62B | $3.21B | $6.57B | $5.42B | $5.26B | $4.83B | |
| Lease obligations (non-current) | $0 | $0 | $0 | $116M | $148M | $361M | $507M | $433M | $414M | $406M | |
| Other non-current liabilities | $0 | $7.09M | $8.73M | $1.81M | $1M | $31M | $78M | $70M | $101M | $2.24B | |
| Non-current liabilities | $4.4M | $55.6M | $434M | $1B | $1.77B | $3.6B | $7.16B | $5.92B | $5.77B | $7.48B | |
| Total liabilities | $201M | $362M | $764M | $1.87B | $2.23B | $6.49B | $9.75B | $7.46B | $7.11B | $9B | |
| Equity | |||||||||||
| Common stock & paid-in capital | $59.7M | $133K | $145K | $152K | $173K | $0 | $0 | $0 | $0 | $0 | |
| Retained earnings | -$176M | -$12.9M | -$74.7M | -$183M | -$354M | -$489M | -$2.08B | -$1.63B | -$1.42B | -$9M | |
| Accumulated other comprehensive income | -$251M | -$97.1M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Shareholders' equity | $135M | $126M | $73.4M | $98.1M | $388M | $306M | -$518M | $243M | $1.26B | $3.44B | |
| Debt | |||||||||||
| Total debt (incl. leases) | $171M | $302M | $633M | $1.62B | $1.87B | $5.77B | $8.82B | $6.71B | $6.05B | $5.52B | |
| Net debt (debt - cash) | $132M | $130M | $555M | $1.54B | $1.57B | $5.37B | $8.38B | $6.18B | $4.33B | $3.19B | |
Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in USD.
Cash, investments and debt
quarter endsThe other statements
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-01