The company has increased its total debt to $200.0 million as of 2026Q1, resulting in a debt-to-equity ratio of 0.46 as it continues to fund operations through external capital.
| Total Current Assets | 824.29M | 673.5M | 593.2M | 706.9M | 754.77M | 857.41M | 354.4M | 268.2M |
| Cash & Short-Term Investments | 340.97M | 271.5M | 270.1M | 411.33M | 495.98M | 579.08M | 233.72M | 182.28M |
| Cash Only | 340.97M | 271.5M | 224.06M | 182.57M | 280.05M | 565.29M | 233.72M | 182.28M |
| Short-Term Investments | 0 | 0 | 46.04M | 228.76M | 215.93M | 13.78M | 0 | 0 |
| Accounts Receivable | 268.87M | 197.22M | 307.81M | 283.04M | 246.78M | 267.03M | 112.64M | 83.28M |
| Days Sales Outstanding | 128.74 | 94.77 | 176.33 | 214.68 | 213.68 | 271.92 | 197.32 | 284.48 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 214.45M | 204.78M | 15.28M | 12.52M | 12.02M | 11.31M | 8.04M | 2.65M |
| Total Non-Current Assets | 411.09M | 412.11M | 390.95M | 216.03M | 160.15M | 125.55M | 50.14M | 36.32M |
| Property, Plant & Equipment | 13.65M | 12.85M | 7.63M | 4.92M | 5.71M | 4.92M | 6.91M | 5.41M |
| Fixed Asset Turnover | 64.58x | 59.10x | 83.56x | 97.85x | 73.82x | 72.91x | 30.14x | 19.76x |
| Goodwill | 183.05M | 183.72M | 180.48M | 103.38M | 91.75M | 78.84M | 21.82M | 16.07M |
| Intangible Assets | 78.29M | 81.02M | 90.82M | 89.96M | 56.28M | 35.97M | 19.27M | 12.77M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 136.1M | 134.51M | 112.03M | 17.77M | 6.4M | 5.82M | 2.15M | 2.08M |
| Total Assets | 1.24B | 1.09B | 984.15M | 922.92M | 914.92M | 982.96M | 404.55M | 304.52M |
| Asset Turnover | 0.68x | 0.70x | 0.65x | 0.52x | 0.46x | 0.36x | 0.52x | 0.35x |
| Asset Growth % | 42.9% | 10.31% | 6.63% | 0.87% | -6.92% | 142.98% | 32.85% | - |
| Total Current Liabilities | 560.35M | 420.85M | 381.17M | 333.94M | 348.22M | 423.36M | 166.7M | 97.68M |
| Accounts Payable | 526.63M | 390.83M | 345.61M | 305.85M | 323.66M | 395.97M | 151.97M | 85.83M |
| Days Payables Outstanding | 573.07 | 495.12 | 508.22 | 456.66 | 499.2 | 705.87 | 490.65 | 378.44 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 0 | 0 | 0 | 0 | 0 | 4.32M | 1.5M | 2.33M |
| Other Current Liabilities | 33.72M | 30.02M | 0 | 0 | -1.17M | -4.32M | 0 | 0 |
| Current Ratio | 1.47x | 1.60x | 1.56x | 2.12x | 2.17x | 2.03x | 2.13x | 2.75x |
| Quick Ratio | 1.47x | 1.60x | 1.56x | 2.12x | 2.17x | 2.03x | 2.13x | 2.75x |
| Cash Conversion Cycle | -444.34 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 244.1M | 235.08M | 162.98M | 132.46M | 80.98M | 3.5M | 377.54M | 312.98M |
| Long-Term Debt | 200M | 190M | 123M | 115M | 75.5M | 500K | 4.83M | 0 |
| Capital Lease Obligations | 0 | 0 | 0 | 0 | 0 | 2.05M | 1.32M | 1.49M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 952K | 0 | 0 |
| Other Non-Current Liabilities | 44.1M | 45.08M | 39.98M | 17.45M | 5.48M | 0 | 371.39M | 311.49M |
| Total Liabilities | 804.46M | 655.93M | 544.14M | 466.4M | 429.2M | 426.86M | 544.24M | 410.66M |
| Total Debt | 200M | 190M | 123M | 115M | 76.67M | 3.85M | 6.9M | 1.95M |
| Net Debt | -140.97M | -81.5M | -101.06M | -67.57M | -203.38M | -561.44M | -226.82M | -180.32M |
| Debt / Equity | 0.46x | 0.44x | 0.28x | 0.25x | 0.16x | 0.01x | - | - |
| Debt / EBITDA | -15.52x | - | - | - | - | - | - | - |
| Net Debt / EBITDA | 10.94x | - | - | - | - | - | - | - |
| Interest Coverage | -8.72x | -5.74x | -17.62x | -46.75x | -103.30x | -98.05x | -63.03x | - |
| Total Equity | 430.92M | 429.68M | 440M | 456.53M | 485.72M | 556.1M | -139.69M | -106.14M |
| Equity Growth % | -11.01% | -2.35% | -3.62% | -6.01% | -12.65% | 498.09% | -31.61% | - |
| Book Value per Share | 2.49 | 2.52 | 2.67 | 2.85 | 3.09 | 3.56 | -0.91 | -0.69 |
| Total Shareholders' Equity | 430.92M | 429.68M | 440M | 456.53M | 485.72M | 556.1M | -139.69M | -106.14M |
| Common Stock | 174K | 173K | 168K | 162K | 158K | 156K | 22K | 21K |
| Retained Earnings | -579.35M | -568.46M | -502.31M | -422.62M | -347.35M | -245.16M | -166.98M | -125.96M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 258K | 1.34M | -2.74M | -1.53M | -3.77M | -40K | -57K | -1K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Rising leverage and losses
As reported in financial statements, ACVA's total assets have grown to $1.2 billion by 2026Q1, yet this expansion is largely offset by a persistent accumulation of retained earnings deficits, which reached -$579.3 million, signaling that asset growth is currently being funded by external capital rather than internal operations.
The company's trajectory suggests a reliance on continuous capital infusion to sustain its market-share-capture strategy. Investors should monitor whether the growth in total assets translates into improved asset turnover, as the current trend indicates that the business model remains capital-intensive relative to its ability to generate self-sustaining equity.
Based on reported figures, ACVA's total debt has climbed from $115.0 million in 2023Q4 to $200.0 million in 2026Q1, pushing the debt-to-equity ratio to 0.46, which indicates a shift toward higher financial leverage as the company navigates its ongoing path toward operational breakeven.
The rising debt load appears to be a strategic necessity to support the expansion of ACV Capital and general liquidity needs. However, the increasing leverage warrants further investigation into the company's interest coverage capacity, especially given the lack of consistent positive net income to service these obligations.
According to recent SEC filings, ACVA maintains a current ratio of 1.47 as of 2026Q1, providing a reasonable buffer against short-term liabilities despite the company's ongoing cash burn and the inherent volatility of its working capital requirements in the wholesale automotive marketplace.
While the current ratio remains above 1.0, the liquidity position is sensitive to the timing of dealer receivables and the funding requirements of the floorplan lending segment. The company appears to have sufficient runway, but the reliance on external financing to maintain this liquidity profile remains a key risk factor.
Analysis of the balance sheet reveals that goodwill has increased to $183.1 million by 2026Q1, representing a significant portion of equity, which may indicate that past acquisitions are carrying high valuations that could be subject to impairment if growth targets are not met.
The concentration of goodwill suggests that the company's book value is heavily dependent on the success of its inorganic growth strategy. If the competitive environment intensifies and platform growth slows, these intangible assets may face downward pressure, potentially impacting the company's reported equity position.
Quick answers to the most common questions about buying ACVA stock.
As of 2025, ACV Auctions Inc. (ACVA) had total assets of $1.09B including $673.5M in current assets.
ACV Auctions Inc. (ACVA) carries total debt of $190.0M, offset by $271.5M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
ACV Auctions Inc. (ACVA) has total shareholders' equity (book value) of $429.7M ($2.52 book value per share). Book value represents the net worth of the company belonging to common stock holders.
ACV Auctions Inc. (ACVA) reported a current ratio of 1.60x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.