Carvana Co.
Carvana Co. (CVNA) Financial Performance & Income Statement Overview
Explore the financials of Carvana Co. (CVNA), including yearly and quarterly data on income, cash flow, and balance sheets.
Carvana Co. (CVNA) Income Statement & Financial Overview
View the income breakdown for Carvana Co. CVNA across both annual and quarterly reports.
| Metric | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 |
|---|---|---|---|---|
| Revenue | $4.84B | $4.23B | $3.55B | $3.65B |
| Cost of Revenue | $3.78B | $3.30B | $2.78B | $2.85B |
| Gross Profit | $1.06B | $929.00M | $763.00M | $807.00M |
| Gross Profit Ratio | $0.22 | $0.22 | $0.22 | $0.22 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $551.00M | $535.00M | $453.00M | $469.00M |
| Operating Expenses | $551.00M | $535.00M | $503.00M | $469.00M |
| Total Costs & Expenses | $4.33B | $3.84B | $3.28B | $3.32B |
| Interest Income | $0.00 | $0.00 | $0.00 | $0.00 |
| Interest Expense | $143.00M | $139.00M | $148.00M | $157.00M |
| Depreciation & Amortization | $0.00 | $73.00M | $74.00M | $73.00M |
| EBITDA | $511.00M | $587.00M | $378.00M | $377.00M |
| EBITDA Ratio | $0.11 | $0.14 | $0.11 | $0.10 |
| Operating Income | $511.00M | $394.00M | $260.00M | $337.00M |
| Operating Income Ratio | $0.11 | $0.09 | $0.07 | $0.09 |
| Other Income/Expenses (Net) | -$203.00M | -$19.00M | -$104.00M | -$190.00M |
| Income Before Tax | $308.00M | $375.00M | $156.00M | $147.00M |
| Income Before Tax Ratio | $0.06 | $0.09 | $0.04 | $0.04 |
| Income Tax Expense | $125.00M | $2.00M | -$3.00M | -$1.00M |
| Net Income | $183.00M | $216.00M | $79.00M | $85.00M |
| Net Income Ratio | $0.04 | $0.05 | $0.02 | $0.02 |
| EPS | $1.35 | $1.61 | $0.61 | $0.69 |
| Diluted EPS | $1.28 | $1.51 | $0.56 | $0.64 |
| Weighted Avg Shares Outstanding | $135.41M | $134.06M | $130.16M | $123.88M |
| Weighted Avg Shares Outstanding (Diluted) | $143.23M | $142.59M | $139.86M | $133.56M |
Over the past four quarters, Carvana Co. demonstrated steady revenue growth, increasing from $3.65B in Q3 2024 to $4.84B in Q2 2025. Operating income reached $511.00M in Q2 2025, maintaining a consistent 11% margin over recent quarters. Despite fluctuations in R&D and SG&A expenses, EBITDA remained robust at $511.00M, reflecting operational efficiency. Net income dropped to $183.00M, with EPS at $1.35. Disciplined expense management helped sustain profitability, highlighting solid overall financial performance.
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