CarGurus, Inc. (CARG) Financial Statements (2026 and earlier)

Company Profile

Business Address 1001 BOYLSTON STREET
BOSTON, MA 02115
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7374 - Computer Processing and Data Preparation and Processing Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

9/30/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments304,193312,087469,517321,944290,299171,612
Cash and cash equivalent304,193291,363469,517231,944190,29959,920
Short-term investments  20,724 90,000100,000111,692
Restricted cash and investments2,0362,5635,2376,709250250
Receivables44,24839,96346,817189,32418,23522,124
Inventory, net of allowances, customer advances and progress billings 3383315,28219,656  
Inventory 3383315,28219,656  
Prepaid expense      10,452
Contract with customer, asset, after allowance for credit loss12,52311,0958,5419,04510,8079,544
Other current assets      4,972
Other undisclosed current assets27,86825,15221,97216,43012,385 
Total current assets:391,206391,191557,366563,108331,976218,954
Noncurrent Assets
Operating lease, right-of-use asset121,484169,68256,86960,60960,83559,986
Property, plant and equipment130,01083,37040,12832,21027,48327,950
Intangible assets, net (including goodwill)57,934180,954210,521242,20239,99119,127
Goodwill46,167157,898157,467158,28729,12915,207
Intangible assets, net (excluding goodwill)11,76723,05653,05483,91510,8623,920
Contract with customer, asset, after allowance for credit loss13,19612,9988,8535,8679,18910,514
Restricted cash and investments   9,3789,62710,37710,553
Deferred income tax assets106,67273,35635,48813,37819,774 
Other noncurrent assets4,0347,3768,4994,5732,6733,826
Other undisclosed noncurrent assets      42,713
Total noncurrent assets:433,330527,736369,736368,466170,322174,669
TOTAL ASSETS:824,536918,927927,102931,574502,298393,623
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities48,60563,10143,53692,15036,34945,368
Taxes payable✕✕✕✕6,344  
Employee-related liabilities✕✕✕✕11,77710,8458,637
Accounts payable26,41047,85432,52966,15321,56336,731
Accrued liabilities22,19515,24711,0077,8763,941 
Deferred revenue21,66121,32212,24912,7849,1379,984
Debt      8,781
Other undisclosed current liabilities22,78530,75542,94865,77521,0509,625
Total current liabilities:93,051115,17898,733170,70966,53673,758
Noncurrent Liabilities
Long-term debt and lease obligation:    57,51958,81060,818
Liabilities, other than long-term debt189,796186,89757,01123,6973,3661,908
Deferred income tax liabilities26585458291 
Other liabilities6,0314,7335,30123,6393,0751,908
Operating lease, liability183,739182,10651,65657,51958,81060,818
Other undisclosed noncurrent liabilities      284
Total noncurrent liabilities:189,796186,89757,01181,21662,17663,010
Total liabilities:282,847302,075155,744251,925128,712136,768
Temporary equity, including noncontrolling interest   36,749162,808  
Equity
Equity, attributable to parent, including:541,689616,852734,609516,841373,586256,855
Additional paid in capital169,013263,498413,092387,868242,181205,234
Accumulated other comprehensive income (loss)(2,547)(901)(1,644)(403)1,880(350)
Retained earnings375,119354,147323,043129,258129,41251,859
Other undisclosed equity, attributable to parent104108118118113112
Total equity:541,689616,852734,609516,841373,586256,855
TOTAL LIABILITIES AND EQUITY:824,536918,927927,102931,574502,298393,623

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

9/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues894,384914,2421,655,035951,373551,451588,916
Cost of revenue
(Cost of Product and Service Sold)		(155,439)(262,788)(997,482)(294,015)(42,706)(36,300)
Gross profit:738,945651,454657,553657,358508,745552,616
Operating expenses(725,533)(618,827)(549,075)(509,090)(410,989)(518,294)
Operating income:13,41232,627108,478148,26897,75634,322
Nonoperating income11,24519,0602,8841,0921,3544,383
Investment income, nonoperating12,18918,4303,8451201,0752,984
Other nonoperating income (expense)(944)630(961)9722791,399
Income from continuing operations before income taxes:24,65751,687111,362149,36099,11038,705
Income tax expense (benefit)(3,685)(29,634)(32,408)(38,987)(21,557)3,441
Income from continuing operations:20,97222,05378,954110,37377,55342,146
Income before gain (loss) on sale of properties:✕✕✕✕110,37377,55342,146
Net income:20,97222,05378,954110,37377,55342,146
Net income (loss) attributable to noncontrolling interest  14,8895,433(1,129)  
Net income attributable to parent:20,97236,94284,387109,24477,55342,146
Preferred stock dividends and other adjustments   109,398(109,398)  
Other undisclosed net loss available to common stockholders, basic  (5,838)    
Net income (loss) available to common stockholders, basic:20,97231,104193,785(154)77,55342,146
Other undisclosed net loss available to common stockholders, diluted  (9,051)(114,831)   
Net income (loss) available to common stockholders, diluted:20,97222,05378,954(154)77,55342,146

Comprehensive Income ($ in thousands)
Annual | Quarterly

9/30/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:20,97222,05378,954110,37377,55342,146
Other undisclosed comprehensive income (loss)(1,646)743(1,241)(2,283)  
Comprehensive income:19,32622,79677,713108,09077,55342,146
Comprehensive income (loss), net of tax, attributable to noncontrolling interest  14,8895,433(1,129)  
Other undisclosed comprehensive income (loss), net of tax, attributable to parent    2,230(421)
Comprehensive income, net of tax, attributable to parent:19,32637,68583,146106,96179,78341,725

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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