Financial Statements — CVNA
Balance Sheet
(in billions USD)| Metric | Q1 2026 | Q3 2025 | Q2 2025 | Q1 2025 | Q3 2024 | Q2 2024 | Q1 2024 | Q3 2023 | Q2 2023 | Q1 2023 | Q3 2022 | Q2 2022 | Q1 2022 | Q3 2021 | Q2 2021 | Q1 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 2.41 | 2.14 | 1.86 | 1.86 | 0.87 | 0.54 | 0.25 | 0.54 | 0.54 | 0.49 | 0.32 | 1.05 | 0.25 | 0.30 | 0.20 | 0.37 |
| Accounts Receivable | 0.34 | 0.35 | 0.32 | 0.37 | 0.36 | 0.35 | 0.35 | 0.32 | 0.34 | 0.34 | 0.36 | 0.43 | 0.21 | 0.18 | 0.19 | 0.12 |
| Inventory | 2.66 | 2.32 | 2.02 | 1.50 | 1.31 | 1.22 | 1.16 | 1.09 | 1.30 | 1.49 | 2.58 | 2.87 | 3.30 | 2.29 | 1.97 | 1.44 |
| Total Current Assets | 7.20 | 6.27 | 5.67 | 5.14 | 3.77 | 3.48 | 3.23 | 3.19 | 3.91 | 4.62 | 4.47 | 5.49 | 5.07 | 3.69 | 3.25 | 2.63 |
| Property, Plant & Equipment | 2.82 | 2.73 | 2.72 | 2.74 | 2.83 | 2.87 | 2.92 | 3.05 | 3.13 | 3.20 | 3.33 | 3.26 | 1.86 | 1.33 | 1.10 | 0.98 |
| Goodwill | 0.01 | 0.00 | 0.00 | 0.00 | -- | -- | -- | -- | -- | -- | 0.85 | 0.85 | 0.01 | 0.01 | 0.01 | 0.01 |
| Intangible Assets | 0.02 | 0.02 | 0.03 | 0.03 | 0.04 | 0.04 | 0.05 | 0.06 | 0.06 | 0.07 | 0.08 | 0.08 | 0.00 | 0.01 | 0.01 | 0.01 |
| Total Non-current Assets* | 6.57 | 3.59 | 3.69 | 3.74 | 3.60 | 3.69 | 3.75 | 3.84 | 3.94 | 4.03 | 5.15 | 5.01 | 2.52 | 1.67 | 1.34 | 1.19 |
| Total Assets | 13.77 | 9.85 | 9.37 | 8.88 | 7.37 | 7.17 | 6.98 | 7.03 | 7.85 | 8.65 | 9.62 | 10.50 | 7.59 | 5.36 | 4.58 | 3.82 |
| Accounts Payable | 1.26 | 1.01 | 0.89 | 0.84 | 0.77 | 0.74 | 0.71 | 0.68 | 0.74 | 0.86 | 1.01 | 0.98 | 0.75 | 0.70 | 0.56 | 0.48 |
| Total Current Liabilities | 1.76 | 1.55 | 1.42 | 1.35 | 1.16 | 1.12 | 1.27 | 1.40 | 2.18 | 2.85 | 1.88 | 2.37 | 3.74 | 1.26 | 1.33 | 0.70 |
| Long-term Debt | 4.85 | 4.81 | 5.32 | 5.27 | 5.43 | 5.43 | 5.54 | 5.31 | 6.54 | 6.55 | 6.62 | 6.61 | 3.29 | 3.13 | 2.33 | 2.25 |
| Total Non-current Liabilities* | 7.38 | 5.35 | 5.83 | 5.76 | 5.92 | 5.94 | 6.02 | 5.83 | 7.08 | 7.12 | 7.37 | 7.27 | 3.79 | 3.39 | 2.48 | 2.40 |
| Total Liabilities | 9.14 | 6.90 | 7.25 | 7.11 | 7.08 | 7.06 | 7.29 | 7.23 | 9.26 | 9.97 | 9.25 | 9.64 | 7.53 | 4.65 | 3.81 | 3.10 |
| Retained Earnings | 0.24 | (0.87) | (1.02) | (1.20) | (1.49) | (1.58) | (1.60) | (1.51) | (2.29) | (2.24) | (1.27) | (0.99) | (0.75) | (0.40) | (0.37) | (0.39) |
| Total Stockholder Equity | 3.72 | 2.28 | 1.73 | 1.50 | 0.61 | 0.53 | 0.29 | 0.34 | (0.70) | (0.66) | 0.27 | 0.54 | 0.08 | 0.39 | 0.40 | 0.37 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 6.43 | 5.60 | 5.65 | 4.84 | 4.23 | 3.55 | 3.66 | 3.41 | 3.06 | 2.42 | 2.77 | 2.97 | 2.61 | 2.84 | 3.39 | 3.88 | 3.50 | 3.75 | 3.48 | 3.34 |
| Cost of Revenue | 5.16 | 4.55 | 4.50 | 3.78 | 3.30 | 2.78 | 2.85 | 2.70 | 2.47 | 2.02 | 2.29 | 2.47 | 2.27 | 2.64 | 3.03 | 3.49 | 3.20 | 3.24 | 2.96 | 2.78 |
| Gross Profit | 1.27 | 1.05 | 1.15 | 1.06 | 0.93 | 0.76 | 0.81 | 0.72 | 0.59 | 0.40 | 0.48 | 0.50 | 0.34 | 0.19 | 0.36 | 0.40 | 0.30 | 0.52 | 0.52 | 0.55 |
| Selling, General & Admin | 0.69 | 0.63 | 0.60 | 0.55 | 0.54 | 0.49 | 0.47 | 0.46 | 0.46 | 0.44 | 0.43 | 0.45 | 0.47 | 0.63 | 0.66 | 0.72 | 0.73 | 0.62 | 0.55 | 0.47 |
| Total Operating Expenses | 0.69 | 0.63 | 0.60 | 0.55 | 0.54 | 0.50 | 0.47 | 0.46 | 0.46 | 0.44 | 0.43 | 0.46 | 0.47 | -- | -- | -- | -- | -- | -- | -- |
| Operating Income | 0.58 | 0.42 | 0.55 | 0.51 | 0.39 | 0.26 | 0.34 | 0.26 | 0.13 | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
| Interest Expense | -- | -- | -- | -- | -- | -- | -- | -- | 0.17 | 0.17 | 0.15 | 0.16 | 0.16 | 0.15 | 0.15 | 0.12 | 0.06 | 0.06 | 0.05 | 0.04 |
| Pretax Income* | 0.29 | (1.93) | 0.15 | 0.18 | 0.22 | 0.08 | 0.08 | 0.02 | 0.03 | (0.12) | 0.81 | (0.06) | (0.16) | (0.81) | (0.28) | (0.24) | (0.26) | (0.09) | (0.03) | 0.02 |
| Tax Provision | 0.04 | (2.78) | -0.00 | 0.00 | 0.00 | -0.00 | -0.00 | 0.00 | -0.00 | -0.00 | 0.03 | 0.00 | -0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 0.25 | 0.86 | 0.15 | 0.18 | 0.22 | 0.08 | 0.09 | 0.02 | 0.03 | (0.11) | 0.78 | (0.06) | (0.16) | (0.81) | (0.28) | (0.24) | (0.26) | (0.09) | (0.03) | 0.02 |
| Basic EPS | -- | -- | -- | -- | -- | -- | -- | -- | 0.24 | (1.12) | 7.05 | (0.55) | -- | -- | -- | -- | -- | -- | -- | -- |
| Diluted EPS | -- | -- | -- | -- | -- | -- | -- | -- | 0.24 | (4.49) | 7.05 | (0.55) | -- | -- | -- | -- | -- | -- | -- | -- |
* Derived from reported values
Cash Flow Statement
(in billions USD)| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 0.11 | 0.43 | 0.35 | 0.03 | 0.23 | 0.06 | 0.40 | 0.35 | 0.10 | (0.24) | 0.60 | 0.51 | (0.07) | (0.74) | (0.10) | 0.11 | (0.59) | (1.17) | (0.28) | (0.61) |
| Capital Expenditures | 0.05 | 0.05 | 0.04 | 0.03 | 0.03 | 0.02 | 0.03 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.06 | 0.09 | 0.14 | 0.22 | 0.17 | 0.20 | 0.11 |
| Free Cash Flow* | 0.06 | 0.38 | 0.31 | -0.00 | 0.21 | 0.04 | 0.38 | 0.33 | 0.08 | (0.26) | 0.58 | 0.49 | (0.10) | (0.80) | (0.19) | (0.04) | (0.81) | (1.34) | (0.48) | (0.72) |
| Investing Cash Flow | (0.03) | (0.13) | (0.05) | (0.02) | (0.04) | (0.01) | (0.01) | 0.00 | 0.01 | 0.01 | 0.02 | 0.03 | (0.02) | (0.01) | (0.04) | (2.32) | (0.21) | (0.28) | (0.18) | (0.10) |
| Financing Cash Flow | 0.01 | (0.09) | (0.01) | 0.02 | (0.05) | 0.78 | (0.06) | (0.08) | (0.37) | 0.21 | (0.68) | (0.55) | 0.15 | 0.91 | (0.58) | 2.87 | 0.71 | 1.68 | 0.56 | 0.60 |
* Derived from reported values