Carvana Co. (CVNA) Financial Statements (2026 and earlier)

Company Profile

Business Address 300 E. RIO SALADO PARKWAY
TEMPE, AZ 85281
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 55 - Automotive Dealers And Gasoline Service Stations (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3271,716530434403301
Cash and cash equivalent2,3271,716530434403301
Restricted cash and investments102446419423328
Receivables21726520721718562
Inventory, net of allowances, customer advances and progress billings2,4081,6081,1501,8763,1491,036
Inventory2,4081,6081,1501,8763,1491,036
Other current assets16812213818216373
Other undisclosed current assets1,3271,1141,2321,691759423
Total current assets:6,5494,8693,3214,5944,8921,923
Noncurrent Assets
Operating lease, right-of-use asset443440455536369155
Intangible asset, including goodwill, after accumulated amortization573452701315
Goodwill10   99
Intangible asset, excluding goodwill, after accumulated amortization4734527046
Deferred income tax assets3,064     
Other noncurrent assets27436826125418132
Other undisclosed noncurrent assets2,8142,7732,9823,2441,560909
Total noncurrent assets:6,6523,6153,7504,1042,1231,111
TOTAL ASSETS:13,2018,4847,0718,6987,0153,035
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:1,100856596777656342
Interest and dividends payable✕✕✕✕✕4220
Taxes payable✕✕✕✕✕10272
Employee-related liabilities✕✕✕✕✕4535
Accounts payable23623623123214167
Accrued liabilities62848227445216375
Other undisclosed accounts payable and accrued liabilities236138919316376
Debt2113027771,6382,15479
Other liabilities13410683802920
Other undisclosed current liabilities747480975126
Total current liabilities:1,5191,3381,5362,5922,890467
Noncurrent Liabilities
Long-term debt and lease obligation4,8305,2565,4166,5743,5691,764
Long-term debt, excluding current maturities4,8305,2565,4166,5743,2081,617
Liabilities, other than long-term debt421515503585311
Other liabilities151017078311
Operating lease, liability406414433507361147
Other undisclosed noncurrent liabilities2,228     
Total noncurrent liabilities:7,4795,7715,9197,1593,6001,766
Total liabilities:8,9987,1097,4559,7516,4902,233
Equity
Equity, attributable to parent, including:3,4411,260243(518)306388
Additional paid in capital3,4502,6761,8691,558795742
Retained earnings (accumulated deficit)(9)(1,416)(1,626)(2,076)(489)(354)
Other undisclosed equity, attributable to parent      0
Equity, attributable to noncontrolling interest762115(627)(535)219414
Total equity:4,2031,375(384)(1,053)525802
TOTAL LIABILITIES AND EQUITY:13,2018,4847,0718,6987,0153,035

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

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues20,32213,67310,77113,60412,8145,587
Cost of revenue
(Cost of Product and Service Sold)		(16,130)(10,797)(9,047)(12,358)(10,885)(4,793)
Gross profit:4,1922,8761,7241,2461,929794
Operating expenses(2,308)(1,874)(1,796)(3,583)(2,102)(1,172)
Other operating expense, net(3)(12)    
Operating income (loss):1,881990(72)(2,337)(173)(379)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))		(2,250)731(70)(6)1
Interest and debt expense(521)(663)246(486)(176)(165)
Income (loss) from continuing operations before income taxes:(890)400175(2,893)(355)(542)
Income tax expense (benefit)2,7854(25)(1)(1)0
Income (loss) from continuing operations:1,895404150(2,894)(356)(542)
Loss before gain (loss) on sale of properties:✕✕✕✕✕(356)(542)
Other undisclosed net income     6980
Net income (loss):1,895404150(2,894)(287)(462)
Net income (loss) attributable to noncontrolling interest(488)(194)3001,307152291
Net income (loss) available to common stockholders, basic:1,407210450(1,587)(135)(171)
Dilutive securities, effect on basic earnings per share 488 (300)   
Other undisclosed net income available to common stockholders, diluted  300   
Net income (loss) available to common stockholders, diluted:1,895210450(1,587)(135)(171)

Comprehensive Income ($ in millions)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income (loss):1,895404150(2,894)(287)(462)
Comprehensive income (loss):1,895404150(2,894)(287)(462)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(488)(194)3001,307152291
Comprehensive income (loss), net of tax, attributable to parent:1,407210450(1,587)(135)(171)

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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