Carvana Co. (CVNA) quarterly balance sheet — complete assets, liabilities & equity history
Carvana Co. (CVNA) balance sheet — 12-year assets, liabilities & shareholders' equity history
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Total Current Assets | 8.01B | 7.2B | 6.55B | 6.26B | 5.67B | 5.14B | 4.87B | 3.77B | 3.48B | 3.23B | 3.32B | 3.19B | 3.91B | 4.62B | 4.59B | 4.47B | 5.49B | 5.07B | 4.89B | 3.69B |
| Cash & Short-Term Investments | 3.13B | 2.9B | 2.81B | 2.71B | 2.32B | 2.33B | 2.18B | 1.33B | 963M | 640M | 896M | 987M | 876M | 800M | 755M | 666M | 1.45B | 663M | 785M | 609M |
| Cash Only | 2.63B | 2.41B | 2.33B | 2.22B | 1.86B | 1.86B | 1.72B | 871M | 542M | 252M | 530M | 616M | 541M | 488M | 434M | 316M | 1.05B | 247M | 403M | 297M |
| Short-Term Investments | 502M | 492M | 486M | 486M | 466M | 475M | 464M | 463M | 421M | 388M | 366M | 371M | 335M | 312M | 321M | 350M | 401M | 416M | 382M | 312M |
| Accounts Receivable | 1.3B | 346M | 250M | 1.08B | 325M | 373M | 303M | 367M | 349M | 351M | 266M | 968M | 340M | 342M | 253M | 359M | 428M | 208M | 206M | 178M |
| Days Sales Outstanding | 10.14 | 4.17 | 10.89 | 11.41 | 6.56 | 7.19 | 8.69 | 9.01 | 9.34 | 9.17 | 23.42 | 21.7 | 10.46 | 10.27 | 9.92 | 10.69 | 7.45 | 5.33 | 4.71 | 4.8 |
| Inventory | 3.26B | 2.66B | 2.41B | 2.32B | 2.02B | 1.5B | 1.61B | 1.3B | 1.22B | 1.16B | 1.15B | 1.08B | 1.3B | 1.49B | 1.88B | 2.58B | 2.87B | 3.3B | 3.15B | 2.29B |
| Days Inventory Outstanding | 45.01 | 44.22 | 47.74 | 44.36 | 42.08 | 41.85 | 47.43 | 40.23 | 39.63 | 41.86 | 49.79 | 47 | 51.36 | 64.28 | 75.31 | 80.78 | 79.09 | 89.76 | 76.49 | 65.65 |
| Other Current Assets | 313M | 1.28B | 1.08B | 166M | 1B | 928M | 778M | 759M | 944M | 1.08B | 1.01B | 146M | 1.39B | 1.99B | 1.71B | 867M | 750M | 895M | 752M | 618M |
| Total Non-Current Assets | 6.55B | 6.57B | 6.65B | 3.59B | 3.69B | 3.74B | 3.62B | 3.6B | 3.69B | 3.75B | 3.75B | 3.84B | 3.94B | 4.03B | 4.1B | 5.15B | 5.01B | 2.52B | 2.12B | 1.67B |
| Property, Plant & Equipment | 3.3B | 3.25B | 3.26B | 3.17B | 3.15B | 3.17B | 3.21B | 3.28B | 3.33B | 3.37B | 3.44B | 3.52B | 3.62B | 3.71B | 3.78B | 4.01B | 3.92B | 2.33B | 1.93B | 1.61B |
| Fixed Asset Turnover | 2.25x | 1.98x | 1.74x | 1.79x | 1.53x | 1.33x | 1.09x | 1.11x | 1.02x | 0.90x | 0.70x | 0.78x | 0.81x | 0.70x | 0.73x | 0.85x | 1.24x | 1.64x | 2.12x | 2.43x |
| Goodwill | 12M | 10M | 10M | 3M | 2M | 2M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 847M | 847M | 9M | 9M | 9M |
| Intangible Assets | 53M | 49M | 47M | 35M | 32M | 35M | 34M | 39M | 43M | 48M | 52M | 56M | 61M | 65M | 70M | 76M | 82M | 4M | 4M | 5M |
| Long-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2M | 0 | 0 | 0 | 3M | 4M | 8M | 7M |
| Other Non-Current Assets | 213M | 232M | 274M | 385M | 507M | 531M | 368M | 286M | 317M | 337M | 261M | 259M | 259M | 251M | 254M | 214M | 159M | 167M | 173M | 43M |
| Total Assets | 14.55B | 13.77B | 13.2B | 9.85B | 9.37B | 8.88B | 8.48B | 7.37B | 7.17B | 6.98B | 7.07B | 7.03B | 7.85B | 8.65B | 8.7B | 9.62B | 10.5B | 7.58B | 7.01B | 5.36B |
| Asset Turnover | 0.52x | 0.48x | 0.49x | 0.59x | 0.53x | 0.49x | 0.45x | 0.50x | 0.48x | 0.44x | 0.34x | 0.37x | 0.36x | 0.30x | 0.31x | 0.34x | 0.43x | 0.48x | 0.61x | 0.70x |
| Asset Growth % | 55.37% | 55.11% | 55.6% | 33.73% | 30.63% | 27.14% | 19.98% | 4.88% | -8.65% | -19.23% | -18.71% | -26.98% | -25.26% | 13.99% | 23.99% | 79.5% | 129.25% | 98.61% | 131.14% | 96.14% |
| Total Current Liabilities | 2.04B | 1.76B | 1.52B | 1.55B | 1.42B | 1.35B | 1.34B | 1.16B | 1.12B | 1.27B | 1.54B | 1.4B | 2.18B | 2.85B | 2.59B | 1.88B | 2.37B | 3.74B | 2.89B | 1.26B |
| Accounts Payable | 1.46B | 320M | 236M | 291M | 257M | 204M | 236M | 231M | 275M | 272M | 231M | 251M | 249M | 251M | 216M | 292M | 294M | 154M | 114M | 200M |
| Days Payables Outstanding | 13.52 | 4.85 | 5.33 | 5.6 | 5.5 | 5.92 | 7.6 | 8.06 | 9.1 | 9.11 | 10.74 | 9.85 | 9.21 | 8.93 | 8.59 | 8.7 | 5.74 | 3.73 | 4.42 | 5.46 |
| Short-Term Debt | 382M | 308M | 285M | 536M | 384M | 372M | 376M | 285M | 275M | 469M | 857M | 714M | 1.36B | 1.9B | 1.74B | 788M | 1.33B | 2.96B | 2.21B | 529M |
| Deferred Revenue (Current) | 0 | 47M | 51M | 0 | 46M | 57M | 63M | 50M | 49M | 39M | 30M | 0 | 39M | 34M | 23M | 33M | 37M | 37M | 34M | 32M |
| Other Current Liabilities | 196M | 393M | 327M | 634M | 259M | 325M | 273M | 251M | 227M | 227M | 181M | 339M | 138M | 213M | 205M | 217M | 214M | 168M | 118M | 142M |
| Current Ratio | 3.93x | 4.09x | 4.31x | 4.05x | 4.00x | 3.81x | 3.64x | 3.25x | 3.11x | 2.54x | 2.16x | 2.28x | 1.80x | 1.62x | 1.77x | 2.38x | 2.32x | 1.36x | 1.69x | 2.93x |
| Quick Ratio | 2.33x | 2.57x | 2.73x | 2.55x | 2.58x | 2.70x | 2.44x | 2.12x | 2.02x | 1.62x | 1.41x | 1.51x | 1.20x | 1.10x | 1.05x | 1.01x | 1.11x | 0.47x | 0.60x | 1.11x |
| Cash Conversion Cycle | 41.62 | 43.55 | 53.3 | 50.17 | 43.14 | 43.12 | 48.52 | 41.19 | 39.87 | 41.92 | 62.47 | 58.86 | 52.6 | 65.62 | 76.64 | 82.77 | 80.8 | 91.36 | 76.78 | 65 |
| Total Non-Current Liabilities | 7.38B | 7.38B | 7.48B | 5.35B | 5.83B | 5.76B | 5.77B | 5.92B | 5.94B | 6.02B | 5.92B | 5.83B | 7.08B | 7.12B | 7.16B | 7.37B | 7.27B | 3.79B | 3.6B | 3.39B |
| Long-Term Debt | 4.85B | 4.85B | 4.83B | 4.81B | 5.32B | 5.27B | 5.26B | 5.43B | 5.43B | 5.54B | 5.42B | 5.04B | 6.54B | 6.55B | 6.57B | 6.62B | 6.61B | 3.29B | 3.21B | 3.13B |
| Capital Lease Obligations | 385M | 392M | 406M | 402M | 402M | 402M | 414M | 429M | 444M | 424M | 433M | 718M | 466M | 493M | 507M | 669M | 640M | 474M | 361M | 256M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6M | 2.14B | 2.24B | 142M | 107M | 87M | 101M | 63M | 65M | 52M | 70M | 77M | 68M | 72M | 78M | 84M | 25M | 32M | 31M | 1M |
| Total Liabilities | 9.41B | 9.14B | 9B | 6.9B | 7.25B | 7.11B | 7.11B | 7.08B | 7.05B | 7.29B | 7.46B | 7.23B | 9.26B | 9.97B | 9.75B | 9.25B | 9.64B | 7.53B | 6.49B | 4.65B |
| Total Debt | 5.62B | 5.55B | 5.52B | 5.75B | 6.11B | 6.04B | 6.05B | 6.14B | 6.15B | 6.44B | 6.71B | 6.47B | 8.37B | 8.95B | 8.82B | 8.07B | 8.57B | 6.72B | 5.77B | 3.92B |
| Net Debt | 2.99B | 3.14B | 3.19B | 3.53B | 4.25B | 4.18B | 4.33B | 5.27B | 5.61B | 6.18B | 6.18B | 5.85B | 7.83B | 8.46B | 8.38B | 7.76B | 7.53B | 6.48B | 5.37B | 3.62B |
| Debt / Equity | 1.09x | 1.20x | 1.31x | 1.95x | 2.89x | 3.41x | 4.40x | 21.49x | 53.45x | - | - | - | - | - | - | 21.59x | 9.92x | 129.31x | 11.00x | 5.54x |
| Debt / EBITDA | 7.50x | 8.53x | 11.20x | 9.32x | 10.51x | 12.94x | 17.63x | 14.95x | 18.29x | 29.66x | 149.02x | 47.57x | 63.42x | - | - | - | - | - | - | 783.80x |
| Net Debt / EBITDA | 3.99x | 4.82x | 6.48x | 5.72x | 7.32x | 8.96x | 12.62x | 12.83x | 16.68x | 28.50x | 137.24x | 43.04x | 59.32x | - | - | - | - | - | - | 724.40x |
| Interest Coverage | 6.73x | 5.45x | -17.69x | 3.07x | 3.15x | 3.70x | 2.05x | 1.94x | 1.28x | 1.28x | -0.22x | 6.03x | 0.32x | -0.81x | -8.42x | -2.32x | -2.78x | -6.91x | -2.29x | -0.42x |
| Total Equity | 5.14B | 4.63B | 4.2B | 2.95B | 2.12B | 1.77B | 1.38B | 286M | 115M | -311M | -384M | -202M | -1.41B | -1.32B | -1.05B | 374M | 864M | 52M | 525M | 708M |
| Equity Growth % | 142.7% | 161.25% | 205.67% | 931.82% | 1740.87% | 670.1% | 458.07% | 241.58% | 108.18% | 76.48% | 63.53% | -154.01% | -262.73% | -2642.31% | -300.57% | -47.18% | 12.21% | -92.79% | -34.5% | -26.37% |
| Book Value per Share | 6.94 | 6.26 | 3.73 | 4.03 | 2.96 | 2.49 | 1.97 | 0.43 | 0.18 | -0.53 | -0.67 | -0.37 | -2.65 | -2.49 | -1.99 | 0.71 | 1.70 | 0.12 | 1.21 | 1.67 |
| Total Shareholders' Equity | 4.03B | 3.72B | 3.44B | 2.28B | 1.73B | 1.5B | 1.26B | 611M | 526M | 289M | 243M | 339M | -697M | -660M | -518M | 274M | 539M | 80M | 306M | 385M |
| Common Stock | 1M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 551M | 241M | -9M | -866M | -1.02B | -1.2B | -1.42B | -1.5B | -1.58B | -1.6B | -1.63B | -1.51B | -2.29B | -2.24B | -2.08B | -1.27B | -987M | -749M | -489M | -400M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 1.11B | 912M | 762M | 672M | 387M | 269M | 115M | -325M | -411M | -600M | -627M | -541M | -709M | -662M | -535M | 100M | 325M | -28M | 219M | 323M |