← CARVANA CO.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Total Revenue $365.1m $858.9m $2.0b $3.9b $5.6b $12.8b $13.6b $10.8b $13.7b $20.3b
Cost of Revenue $346.0m $790.8m $1.8b $3.4b $4.8b $10.9b $12.4b $9.0b $10.8b $16.1b
Cost of sales, including $14, $9, and $5, respectively, to related parties $346.0m $790.8m $1.8b $3.4b $4.8b $10.9b $12.4b $9.0b $10.8b $16.1b
Gross Profit $19.2m $68.1m $196.7m $506.4m $793.8m $1.9b $1.2b $1.7b $2.9b $4.2b
Operating Income (Loss) — — — — — — ($2.4b) ($80.0m) $990.0m $1.9b
Additional Financial Items
Amortization of Intangible Assets — — $1.1m $1.6m $1.6m $2.0m $16.0m $17.0m $18.0m $14.0m
Goodwill, Impairment Loss — — $0 $0 $0 $0 $847.0m $0 $0 $0
Income tax (benefit) provision $0 $0 $0 $0 ($255k) $1.0m $1.0m $25.0m ($4.0m) ($2.8b)
Loss (gain) on debt extinguishment — — — — — $0 $0 ($878.0m) $12.0m $16.0m
Operating Lease, Lease Income — — — — — — — — — $9.0m
Preferred Stock Dividends, Income Statement Impact — $413k $4.2m $0 $0 — — — — —
Net (loss) income before income taxes ($93.1m) ($164.3m) ($254.7m) ($364.6m) ($462.5m) ($286.0m) ($2.9b) $175.0m $400.0m ($890.0m)
Net income (loss) attributable to non-controlling interests $0 ($101.5m) ($193.0m) ($250.0m) ($291.1m) ($152.0m) ($1.3b) ($300.0m) $194.0m $488.0m
Net Income (Loss) Attributable to Parent ($93.1m) ($62.8m) ($61.8m) ($114.7m) ($171.1m) ($135.0m) ($1.6b) $450.0m $210.0m $1.4b
Net Income (Loss) Available to Common Stockholders, Basic ($93.1m) ($64.5m) ($67.3m) ($114.7m) ($171.1m) ($135.0m) ($1.6b) $450.0m $210.0m $1.4b
Net Income (Loss) Attributable to Noncontrolling Interest $0 ($101.5m) ($193.0m) ($250.0m) ($291.1m) ($152.0m) ($1.3b) ($300.0m) $194.0m $488.0m
Earnings Per Share, Basic — — — ($2.45) ($2.63) ($1.63) ($15.74) $4.12 $1.72 $10.22
Earnings Per Share, Diluted ($0.68) ($1.31) ($2.24) ($2.45) ($2.63) ($1.63) ($15.74) $0.75 $1.59 $8.45
Weighted Average Number of Shares Outstanding, Basic — — — — — — — 109.3m 122.3m 137.6m
Weighted-average shares of Class A common stock, basic (in shares) — — — $46.8m $65.0m $82.8m $100.8m $109.3m $122.3m $137.6m
Weighted-average shares of Class A common stock, diluted (in shares) — — — $46.8m $65.0m $82.8m $100.8m $200.6m $132.2m $224.3m
Weighted Average Number of Shares Outstanding, Diluted — — — $46.8m $65.0m 82.8m 100.8m 200.6m 132.2m 224.3m
Interest Expense $3.6m $7.7m $25.0m $80.6m $131.5m $176.0m $486.0m $632.0m $651.0m $505.0m
Interest Expense (non-operating) — — — — — — — — $651.0m $505.0m
Interest expense, net $3.6m $7.7m $25.0m $80.6m $131.5m $176.0m $486.0m $632.0m $651.0m $505.0m
Other Nonoperating Income (Expense) ($46k) ($1.3m) ($1.2m) ($3.7m) $1.4m ($6.0m) ($70.0m) $1.0m $73.0m ($2.2b)
Other expense (income), net $46k $1.3m $1.2m $3.7m ($1.4m) $6.0m $70.0m ($1.0m) ($73.0m) $2.2b
Other operating expense, net — — — — — — $14.0m $8.0m $12.0m $3.0m
Selling, General and Administrative Expense $108.7m $223.4m $425.3m $786.7m $1.1b $2.0b $2.7b $1.8b $1.9b $2.3b
Selling, general and administrative expenses, including $32, $31, and $33, respectively, to related parties $108.7m $223.4m $425.3m $786.7m $1.1b $2.0b $2.7b $1.8b $1.9b $2.3b
Share-based Payment Arrangement, Expensed and Capitalized, Amount — — $25.7m $35.7m $30.6m $47.0m $93.0m $81.0m $102.0m $107.0m
Income Tax Expense (Benefit) $0 $0 $0 $0 ($255k) $1.0m $1.0m $25.0m ($4.0m) ($2.8b)
Other Operating Income (Expense), Net — — — — — — $2.4b $80.0m ($12.0m) ($3.0m)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.