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CVNA

Carvana Co.

Stock

$63.04+0.50 (+0.80%)Close Oct 1, 2026

Income statement

LineTTM2025202420232022
Revenue$25.1B$20.3B$13.7B$10.8B$13.6B
Cost of revenue$20.2B$16.1B$10.8B$9.0B$12.4B
Gross profit$4.9B$4.2B$2.9B$1.7B$1.2B
SG&A$2.6B$2.3B$1.9B$1.8B$2.7B
Other operating expenses————$861M
Operating income$2.2B$1.9B$990M−$80M−$2.4B
Net income$1.6B$1.4B$210M$450M−$1.6B
Diluted EPS—$8.45$1.59$0.75−$15.74
Diluted shares—224.3M132.2M200.6M100.8M
Revenue growth—+48.6%+26.9%−20.8%—
Gross margin19.4%20.6%21.0%16.0%9.2%
Operating margin8.9%9.3%7.2%−0.7%−17.3%
Net margin6.3%6.9%1.5%4.2%−11.7%

Cost of revenue, other operating expenses, non-operating income and taxes are the differences between the lines reported around them.

Revenue to net income