Carvana Co. (CVNA) income statement
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
Carvana Co. (CVNA) reported revenue of $8.04B for Q3 '26 (+42.4% year on year), operating income of $714M (8.9% of revenue) and net income of $289M. Over the last four quarters revenue was $27.5B.
Income statement
| Income statement | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.42B | $3.06B | $3.41B | $3.66B | $3.55B | $4.23B | $4.84B | $5.65B | $5.6B | $6.43B | $7.38B | $8.04B | |
| Cost of revenue | $2.07B | $2.51B | $2.74B | $2.89B | $2.83B | $3.35B | $3.81B | $4.5B | $4.55B | $5.16B | $5.99B | $6.52B | |
| Gross profit | $359M | $548M | $674M | $767M | $722M | $887M | $1.03B | $1.15B | $1.05B | $1.27B | $1.38B | $1.52B | |
| Sales & marketing | $59M | $54M | $55M | $56M | $64M | $72M | $84M | $102M | $105M | $118M | $121M | $0 | |
| General & administrative | $197M | $402M | $400M | $413M | $265M | $463M | $467M | $493M | $522M | $572M | $583M | $805M | |
| Other operating expenses | $140M | -$43M | -$41M | -$40M | $124M | -$42M | -$37M | $1M | $0 | $0 | $0 | $2M | |
| Operating expenses | $396M | $413M | $414M | $429M | $453M | $493M | $514M | $596M | $627M | $690M | $704M | $807M | |
| Operating income | -$37M | $135M | $260M | $338M | $269M | $394M | $513M | $552M | $424M | $581M | $680M | $714M | |
| Interest expense | $165M | $173M | $173M | $157M | $148M | $139M | $143M | $125M | $98M | $99M | $101M | $98M | |
| Other non-operating income (gains on investments, FX ...) | $0 | -$86M | $38M | $34M | -$35M | -$120M | $62M | $168M | $2.16B | $41M | $0 | $64M | |
| Total non-operating income | -$165M | -$87M | -$211M | -$191M | -$113M | -$19M | -$205M | -$293M | -$2.26B | -$140M | -$101M | -$162M | |
| Income before tax | -$202M | $48M | $49M | $147M | $156M | $375M | $308M | $259M | -$1.83B | $441M | $579M | $552M | |
| Income tax | -$2M | -$1M | $1M | -$1M | -$3M | $2M | $0 | -$4M | -$2.78B | $36M | $66M | $69M | |
| Net income | -$114M | $28M | $18M | $85M | $79M | $216M | $183M | $151M | $857M | $250M | $310M | $289M | |
| EPS (basic) | -$0.20 | $0.05 | $0.03 | $0.14 | $0.12 | $0.32 | $0.27 | $0.22 | $1.90 | $0.35 | $0.43 | $0.40 | |
| EPS (diluted) | -$0.20 | $0.05 | $0.03 | $0.13 | $0.11 | $0.30 | $0.26 | $0.21 | $1.19 | $0.34 | $0.42 | $0.39 | |
| Shares (basic, weighted) | 571M | 581M | 595M | 619M | 651M | 670M | 677M | 696M | 709M | 714M | 718M | 721M | |
| Shares (diluted, weighted) | 571M | 581M | 642M | 668M | 699M | 713M | 716M | 731M | 1.13B | 740M | 740M | 740M | |
| Depreciation & amortization | $82M | $82M | $76M | $73M | $74M | $73M | $68M | $65M | $69M | $69M | $69M | $64M | |
| EBITDA | $45M | $303M | $298M | $377M | $378M | $587M | $519M | $449M | -$1.67B | $609M | $749M | $714M |
| Income statement | Trend | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $365M | $859M | $1.96B | $3.94B | $5.59B | $12.8B | $13.6B | $10.8B | $13.7B | $20.3B | |
| Cost of revenue | $351M | $802M | $1.78B | $3.47B | $4.86B | $11B | $12.6B | $9.05B | $11B | $16.1B | |
| Gross profit | $14.5M | $56.5M | $174M | $467M | $722M | $1.83B | $1B | $1.72B | $2.71B | $4.19B | |
| Sales & marketing | $27M | $55.7M | $111M | $262M | $567M | $479M | $490M | $228M | $229M | $363M | |
| General & administrative | $83.6M | $171M | $311M | $525M | $559M | $1.45B | $2B | $1.38B | $1.48B | $1.95B | |
| Other operating expenses | -$6.56M | -$14.4M | -$19M | -$39.9M | -$72M | $0 | $0 | $198M | $0 | $3M | |
| Operating expenses | $104M | $212M | $403M | $747M | $1.05B | $1.93B | $2.49B | $1.8B | $1.71B | $2.31B | |
| Operating income | -$89.5M | -$155M | -$229M | -$280M | -$332M | -$104M | -$1.49B | -$80M | $1B | $1.88B | |
| Interest expense | $3.59M | $7.66M | $25M | $80.6M | $132M | $176M | $486M | $632M | $651M | $505M | |
| Other non-operating income (gains on investments, FX ...) | $46K | $1.35M | $1.18M | $3.73M | -$1.45M | $6M | $917M | -$887M | -$49M | $2.27B | |
| Total non-operating income | -$3.63M | -$9.01M | -$26.2M | -$84.3M | -$130M | -$182M | -$1.4B | $255M | -$602M | -$2.77B | |
| Income before tax | -$93.1M | -$164M | -$255M | -$365M | -$462M | -$286M | -$2.89B | $175M | $400M | -$890M | |
| Income tax | $0 | $0 | $0 | $0 | -$255K | $1M | $1M | $25M | -$4M | -$2.79B | |
| Net income | -$10.1M | -$18.3M | -$55.5M | -$115M | -$171M | -$135M | -$1.59B | $450M | $210M | $1.41B | |
| EPS (basic) | -$0.14 | -$0.26 | -$0.41 | -$0.49 | -$0.53 | -$0.33 | -$3.15 | $0.82 | $0.34 | $2.04 | |
| EPS (diluted) | -$0.14 | -$0.26 | -$0.41 | -$0.49 | -$0.53 | -$0.33 | -$3.15 | $0.15 | $0.32 | $1.69 | |
| Shares (basic, weighted) | 75M | 76.2M | 150M | 234M | 325M | 414M | 504M | 547M | 612M | 688M | |
| Shares (diluted, weighted) | 75M | 76.2M | 150M | 234M | 325M | 414M | 504M | 1B | 661M | 1.12B | |
| Depreciation & amortization | $4.66M | $11.6M | $23.5M | $41.3M | $73.8M | $105M | $261M | $352M | $305M | $275M | |
| EBITDA | -$84.9M | -$145M | -$206M | -$243M | -$257M | -$5M | -$2.15B | $1.16B | $1.36B | -$110M |
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.
Revenue, operating income and growth
quarterlyMargins
quarterlyCosts as % of revenue
quarterlyThe 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