Carvana Income Statement
CVNA / Consumer Discretionary|11 years of annual SEC 10-K data (FY2015-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 11 fiscal years. All figures from audited SEC 10-K filings.
Carvana reported $20.3B in revenue and $1.4B in net income for FY2025. Revenue has grown at a 65.7% compound annual rate over the past 10 years.
Based on SEC 10-K filings.
Key Data Points
- Low earnings quality (accrual-heavy earnings)
- Strong return on equity: 37.7%
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.3B | $13.7B | $10.8B | $13.6B | $12.8B | $5.6B | $3.9B | $2.0B | $858.9M | $365.1M | $130.4M |
| Cost of Revenue | $16.1B | $10.8B | $9.0B | $12.4B | $10.9B | $4.8B | $3.4B | $1.8B | $790.8M | $346.0M | $129.0M |
| Gross Profit | $4.2B | $2.9B | $1.7B | $1.2B | $1.9B | $794.0M | $507.0M | $196.7M | $68.1M | $19.2M | $1.3M |
| SG&A Expense | $2.3B | $1.9B | $1.8B | $2.7B | $2.0B | $1.1B | $787.0M | $425.3M | $223.4M | $108.7M | $36.7M |
| Operating Income | $1.9B | $990.0M | -$80.0M | -$2.4B | - | - | - | - | - | - | - |
| Interest Expense | - | - | $632.0M | $486.0M | $176.0M | $131.0M | $81.0M | $25.0M | $7.7M | $3.6M | $1.4M |
| Income Tax | -$2.8B | -$4.0M | $25.0M | $1.0M | $1.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $1.4B | $210.0M | $450.0M | -$1.6B | -$135.0M | -$171.0M | -$115.0M | -$55.5M | -$62.8M | -$93.1M | -$36.8M |
| EPS (Basic) | $4.12 | -$15.74 | -$1.63 | - | - | - | - | - | - | - | - |
| EPS (Diluted) | $0.75 | -$15.74 | -$1.63 | -$2.63 | -$2.45 | - | -$0.56 | -$0.53 | -$0.28 | - | - |
| Shares Outstanding | 200.6M | 100.8M | 82.8M | 65.0M | 46.8M | - | - | - | - | - | - |
| Gross Margin | 20.6% | 21.0% | 16.0% | 9.2% | 15.0% | 14.2% | 12.9% | 10.1% | 7.9% | 5.3% | 1.0% |
| Operating Margin | 9.3% | 7.2% | -0.7% | -17.3% | - | - | - | - | - | - | - |
| Profit Margin | 6.9% | 1.5% | 4.2% | -11.7% | -1.1% | -3.1% | -2.9% | -2.8% | -7.3% | -25.5% | -28.2% |