Carvana Financial Statements
NYSE: CVNAConsumer DiscretionaryRetail-Auto Dealers and Gas StationsUSD
At close: Oct 9, 4:03 PM ET · Delayed 15 min
Carvana revenue and earnings
In fiscal 2025, Carvana generated $20.32 billion in revenue, up 48.6% from fiscal 2024, its 2nd consecutive year of revenue growth. Net income was $1.41 billion (+570.0% year over year), for a net margin of 6.9% versus a median of -1.1% in the prior 5 years. Gross margin was 20.6% (down from 21.0%) and operating margin 9.3%.
Diluted earnings per share came in at $8.45, up from $1.59. Over the last 5 fiscal years, CVNA's revenue has grown at a 29.5% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Carvana income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 20.32B | 13.67B | 10.77B | 13.60B | 12.81B | 5.59B | 3.94B | 1.96B | 858.87M | 365.15M |
| Revenue growth (YoY) | +48.63% | +26.94% | -20.82% | +6.17% | +129.35% | +41.80% | +101.49% | +127.68% | +135.21% | +180.04% |
| Cost of Revenue | 16.13B | 10.80B | 9.05B | 12.36B | 10.88B | 4.79B | 3.43B | 1.76B | 790.78M | 345.95M |
| Gross Profit | 4.19B | 2.88B | 1.72B | 1.25B | 1.93B | 794.00M | 507.00M | 196.71M | 68.09M | 19.20M |
| Operating Expenses | 2.31B | 1.89B | 1.80B | 3.60B | — | — | — | — | — | — |
| Selling, General & Admin | 2.31B | 1.87B | 1.80B | 2.74B | 2.03B | 1.13B | 787.00M | 425.26M | 223.40M | 108.68M |
| Operating Income | 1.88B | 990.00M | -80.00M | -2.35B | — | — | — | — | — | — |
| Interest Expense | 505.00M | 651.00M | 632.00M | 486.00M | 176.00M | 131.00M | 81.00M | 25.02M | 7.66M | 3.59M |
| Other Income (Expense) | -2.25B | 73.00M | 9.00M | -56.00M | -6.00M | 1.00M | -4.00M | -1.18M | -1.35M | -46.00K |
| Income Tax | -2.79B | -4.00M | 25.00M | 1.00M | 1.00M | 0 | 0 | 0 | 0 | 0 |
| Net Income | 1.41B | 210.00M | 450.00M | -1.59B | -135.00M | -171.00M | -115.00M | -55.48M | -62.84M | -93.11M |
| Net Income growth (YoY) | +570.00% | -53.33% | — | — | — | — | — | — | — | — |
| EPS (Basic) | 10.22 | 1.72 | 4.12 | -15.74 | -1.63 | — | — | — | — | — |
| EPS (Diluted) | 8.45 | 1.59 | 0.75 | -15.74 | -1.63 | -2.63 | -2.45 | — | — | — |
| Shares Outstanding (Basic) | 137.63M | 122.34M | 109.32M | 100.83M | 82.81M | — | — | — | — | — |
| Shares Outstanding (Diluted) | 224.28M | 132.21M | 200.58M | 100.83M | 82.81M | 64.98M | 46.85M | — | — | — |
| Gross Margin | 20.63% | 21.03% | 16.01% | 9.16% | 15.05% | 14.21% | 12.87% | 10.06% | 7.93% | 5.26% |
| Operating Margin | 9.26% | 7.24% | -74.00% | -17.28% | — | — | — | — | — | — |
| Net Margin | 6.92% | 1.54% | 4.18% | -11.67% | -105.00% | -3.06% | -2.92% | -2.84% | -7.32% | -25.50% |
This table shows 10 annual periods of Carvana's income statement, from FY 2025 back to FY 2016, across 17 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow CVNA's reporting calendar. What is a income statement?