Carvana Co.'s Income Statement Analysis: Revenue to Profit Breakdown
Carvana Co.'s Income Statement Analysis: Revenue to Profit Breakdown
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FY21
Dec 31, 2021
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FY22
Dec 31, 2022
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FY23
Dec 31, 2023
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FY24
Dec 31, 2024
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FY25
Dec 31, 2025
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TTM
Trailing 12M
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Revenue
Total sales generated. |
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$12.81 B | $13.60 B | $10.77 B | $13.67 B | $20.32 B | $22.52 B |
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Cost of Revenue Direct cost of goods/services. |
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$10.99 B | $12.60 B | $9.23 B | $10.96 B | $16.13 B | $18.03 B |
Gross Profit Revenue minus cost of revenue. |
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$1.83 B | $1.00 B | $1.54 B | $2.71 B | $4.19 B | $4.50 B |
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Operating Expense
Costs to run business. |
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$1.93 B | $2.49 B | $1.61 B | $1.71 B | $2.31 B | $2.43 B |
Research and Development Investment in innovation. |
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- | - | - | - | - | - |
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Sales, General and Administrative
Selling and admin costs. |
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$1.93 B | $2.49 B | $1.61 B | $1.71 B | $2.31 B | $2.46 B |
General and Administrative Corporate overhead costs. |
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- | - | - | - | - | $2.05 B |
Sales and Marketing Customer acquisition costs. |
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- | - | - | - | - | $409.00 M |
Other Expenses Other operating costs. |
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- | - | - | - | - | -$36.00 M |
Operating Income Profit from operations. |
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-$104.00 M | -$1.49 B | -$65.00 M | $1.00 B | $1.88 B | $2.07 B |
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Net Interest Income
Interest income minus expense. |
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-$176.00 M | -$486.00 M | -$632.00 M | -$651.00 M | -$505.00 M | -$465.00 M |
Interest Income Income from investments. |
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- | - | - | - | - | - |
Interest Expense Cost of borrowing. |
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$176.00 M | $486.00 M | $632.00 M | $651.00 M | $505.00 M | $465.00 M |
Non-Operating Income (ex-Int) Income outside core operations. |
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$6.00 M | $917.00 M | -$872.00 M | -$49.00 M | - | $2.39 B |
Total Other Income (Net) Net non-operating items. |
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-$182.00 M | -$1.40 B | $240.00 M | -$602.00 M | - | -$2.89 B |
Income Before Tax Profit before taxes. |
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-$286.00 M | -$2.89 B | $175.00 M | $400.00 M | -$890.00 M | -$824.00 M |
Income Tax Expense Taxes on income. |
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$1.00 M | $1.00 M | $25.00 M | -$4.00 M | -$2.79 B | -$2.75 B |
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Net Income
Final profit. |
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-$135.00 M | -$1.59 B | $450.00 M | $210.00 M | $1.41 B | $1.60 B |
Net Income From Continuing Operations Profit from core business. |
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-$287.00 M | -$2.89 B | $150.00 M | $404.00 M | $1.90 B | $1.93 B |
Net Income From Discontinued Operations Profit/loss from sold units. |
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- | - | - | - | - | - |
Other Adjustments to Net Income Additional accounting adjustments. |
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- | - | - | - | - | - |
Net Income Deductions Reductions from net income. |
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- | - | - | - | -$488.00 M | -$333.00 M |
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Earnings Per Share
Company profit allocated to each outstanding share. |
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EPS Earnings per share. Formula: Net Income ÷ Shares |
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-$1.63 | -$15.74 | $4.12 | $1.72 | $10.22 | $2.73 |
Diluted EPS EPS including dilution. Formula: Net Income ÷ Diluted Shares |
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-$1.63 | -$15.74 | $4.12 | $1.59 | $8.45 | $1.99 |
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Shares for EPS
Number of shares used to calculate EPS. |
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Weighted Average Shares Outst. Avg shares used for EPS. |
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82.81 M | 100.83 M | 109.32 M | 122.34 M | 137.63 M | 713.75 M |
Diluted Average Shares Outst. Shares including dilution. |
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82.81 M | 100.83 M | 109.32 M | 132.21 M | 224.28 M | 740.43 M |
| Supplemental Items | |||||||
EBIT Earnings before interest and tax. |
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-$110.00 M | -$2.41 B | $807.00 M | $1.05 B | $1.88 B | -$318.00 M |
EBITDA Earnings before interest, tax, D&A. |
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-$5.00 M | -$2.15 B | $1.16 B | $1.36 B | $2.16 B | -$47.00 M |
Depreciation and Amortization Non-cash expense for assets. |
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$105.00 M | $261.00 M | $352.00 M | $305.00 M | $275.00 M | $271.00 M |
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Carvana Co.'s Assets vs Liabilities & Equity
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