CARVANA CO.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $20.3B | $13.7B | $10.8B | $13.6B | $12.8B |
| Gross profit | $4.2B | $2.9B | $1.7B | $1.2B | $1.9B |
| Operating income | $1.9B | $990.0M | -$80.0M | -$2.4B | — |
| Cost of revenue | $16.1B | $10.8B | $9.0B | $12.4B | $10.9B |
| Cash from operations | $1.0B | $918.0M | $803.0M | -$1.3B | -$2.6B |
| Capital expenditure | $147.0M | $91.0M | $87.0M | $512.0M | $557.0M |
| Free cash flow | $889.0M | $827.0M | $716.0M | -$1.8B | -$3.2B |
| Impairments | $0 | $0 | $0 | $847.0M | $0 |
| Total assets | $13.2B | $8.5B | $7.1B | $8.7B | $7.0B |
| Total liabilities | $9.0B | $7.1B | $7.5B | $9.8B | $6.5B |
Shares outstanding 219.4M · Free float 82.0%
Annual filing data through FY ended December 31, 2025; float as of July 4, 2026.