ACV Auctions Inc.

Annual Trend FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Revenue:
Cost of revenue (excluding depreciation & amortization) $82.8m $113.0m $204.8m $236.7m $244.5m $304.4m $361.4m
Selling, general, and administrative $62.4m $64.9m $121.2m $143.6m $166.5m $217.4m $235.0m
Total operating expenses $186.1m $249.0m $435.2m $527.7m $570.9m $721.3m $822.8m
Operations and technology $39.6m $65.0m $101.1m $136.5m $141.0m $162.7m $182.7m
Depreciation and amortization $1.3m $6.1m $8.3m $10.9m $19.0m $36.7m $43.7m
Loss from operations ($79.3m) ($40.6m) ($76.8m) ($106.2m) ($89.7m) ($84.1m) ($63.2m)
Interest income $2.1m $748k $129k $5.1m $16.5m $9.3m $8.0m
Provision for income taxes $27k $489k $724k $87k $526k $688k $1.3m
Net loss ($77.2m) ($41.0m) ($78.2m) ($102.2m) ($75.3m) ($79.7m) ($66.1m)
Total loss before income taxes ($77.2m) ($40.5m) ($77.5m) ($102.1m) ($74.7m) ($79.0m) ($64.8m)
Net loss per share - basic (in dollars per share) ($4) ($2) ($1) ($1) ($0) ($0) ($0)
Net loss per share - diluted (in dollars per share) ($4) ($2) ($1) ($1) ($0) ($0) ($0)
Weighted-average shares - basic (in shares) $21.6m $125.3m $157.0m $160.0m $164.9m $170.6m
Weighted-average shares - diluted (in shares) $21.6m $125.3m $157.0m $160.0m $164.9m $170.6m
Interest expense $0 ($633k) ($782k) ($979k) ($1.6m) ($4.2m) ($9.6m)
Total other (expense) income $2.1m $115k ($653k) $4.1m $14.9m $5.1m ($1.6m)