FY2025 · ended Dec 31, 2025 · Revenue $20.32B, +48.6% YoY · Filed Feb 18, 2026
Carvana Co. (CVNA) files with the SEC under industry code 5500, Retail-Auto Dealers & Gasoline Stations. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $20.3 billion and net income of $1.4 billion. Free cash flow was $889.0 million. As of Sep 30, 2026 it held $3.6 billion in cash and investments and $5.7 billion in total debt.
Revenue (TTM)
$27.45B
+50.3% vs year-ago TTM
Net income (TTM)
$1.71B
+171.2% vs year-ago TTM
Operating cash flow (TTM)
$1.33B
+99.7% vs year-ago TTM
Free cash flow (TTM)
$1.11B
+103.8% vs year-ago TTM
EPS
$8.45
+431.4% vs prior year
Dividend per share
None
Shares outstanding
—
Net cash
$-2.14B
as of Sep 30, 2026
Operating margin
8.7%
FY 2026
Company profile
- Industry
- Retail-Auto Dealers & Gasoline Stations (SIC 5500)
- Listed as
- CVNA (NYSE)
- Fiscal year ends
- December 31
- Incorporated in
- DE
- Headquarters
- Tempe, AZ
- SEC filer status
- Large accelerated filer
- SEC CIK
- 1690820
Other Retail-Auto Dealers & Gasoline Stations companies
- Copart Inc CPRT
- Caseys General Stores Inc CASY
- Penske Automotive Group, Inc. PAG
- Murphy USA Inc. MUSA
- Carmax Inc KMX
- Lithia Motors Inc LAD
- Autonation, Inc. AN
- Rush Enterprises Inc \tx\ RUSHA
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $20.3B | $13.7B | $10.8B | $13.6B | $12.8B |
| Operating income | $1.9B | $990.0M | — | — | — |
| Net income | $1.4B | $210.0M | $450.0M | -$1.6B | -$135.0M |
| Diluted EPS | $8.45 | $1.59 | $0.75 | -$15.74 | -$1.63 |
| Operating cash flow | $1.0B | $918.0M | $803.0M | -$1.3B | -$2.6B |
| Free cash flow | $889.0M | $827.0M | $716.0M | -$1.8B | -$3.2B |
| Total assets | $13.2B | $8.5B | $7.1B | $8.7B | $7.0B |
| Total liabilities | $9.0B | $7.1B | $7.5B | $9.8B | $6.5B |
| Stockholders' equity | $3.4B | $1.3B | $243.0M | -$518.0M | $306.0M |
| Cash and investments | $2.8B | $2.2B | $896.0M | $755.0M | $785.0M |
| Total debt | $5.7B | $6.2B | $7.0B | $9.2B | $6.0B |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 10-Q | Quarterly report | Oct 28, 2026 | Sep 30, 2026 |
| 8-K |
Current report
Results of operations
|
Oct 28, 2026 | Oct 28, 2026 |
| 8-K |
Current report
Material agreement, New debt
|
Aug 14, 2026 | Aug 14, 2026 |
| 10-Q | Quarterly report | Jul 29, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Results of operations
|
Jul 29, 2026 | Jul 29, 2026 |
| 8-K |
Current report
Officer or director change, Bylaw or fiscal year change, Shareholder vote results
|
May 6, 2026 | May 5, 2026 |
All 1001 Carvana Co. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.