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Carvana Balance Sheet Statement

Assets, liabilities, and shareholders' equity

Carvana holds $13.8B in total assets. Shareholders' equity is $3.7B against $5.7B in total debt. Cash and equivalents total $2.5B. The current ratio is 4.09 and debt-to-equity is 1.53. Based on the Q1 2026 filing.

Total Assets$13.8BTotal Stockholders Equity$3.7BLong Term Debt$4.8BCash And Equivalents$2.5BTotal Current Assets$7.2BTotal Current Liabilities$1.8B
Latest FilingQ1 2026
Report Date2026-04-29
Market Cap$286.53B
P/E Ratio198.84
ROE55.17%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$236.0M$226.0M$257.0M$291.0M$236.0M$320.0M
Accrued interest$96.0M$38.0M$95.0M$53.0M$138.0M$51.0M
Accrued Marketing and Advertising Expenses$18.0M$15.0M$25.0M$25.0M$31.0M$31.0M
Accounts payable and other current liabilities (Note 11)$856.0M$836.0M$893.0M$1.0B$1.1B$1.3B
Compensation and benefits$92.0M$100.0M$59.0M$87.0M$103.0M$132.0M
Revolving credit facility$67.0M$64.0M$72.0M$73.0M$58.0M$79.0M
Notes Payable Current$309.0M$308.0M$312.0M$320.0M$227.0M$229.0M
Other accrued liabilities$106.0M$139.0M$140.0M$143.0M$134.0M$194.0M
Current portion of long-term debt$302.0M$300.0M$312.0M$319.0M$211.0M$238.0M
Deferred revenue$63.0M$57.0M$46.0M$49.0M$51.0M$47.0M
Income taxes payable$87.0M$97.0M$92.0M$94.0M$102.0M$123.0M
Operating Lease Liability Payments - 2024 (Lessee)—$92.0M$95.0M$98.0M—$94.0M
Operating lease liabilities, current—$472.0M$473.0M$475.0M—$467.0M
Total current liabilities$1.3B$1.3B$1.4B$1.5B$1.5B$1.8B
Claims and insurance accruals$63.0M$68.0M$71.0M$81.0M$85.0M$95.0M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$303.0M$369.0M$320.0M$352.0M$245.0M$339.0M
Cash and cash equivalents$1.7B$1.9B$1.9B$2.2B$2.3B$2.5B
Other current assets$122.0M$149.0M$167.0M$166.0M$168.0M$208.0M
Inventories$1.6B$1.5B$2.0B$2.3B$2.4B$2.7B
Loans held for sale$612.0M$737.0M$767.0M$724.0M$813.0M$982.0M
Restricted cash$44.0M$46.0M$73.0M$79.0M$102.0M$102.0M
Total current assets$4.9B$5.1B$5.7B$6.3B$6.5B$7.2B

Equity

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Additional paid-in capital$2.7B$2.7B$2.7B$3.1B$3.5B$3.5B
Preferred stock; $0.001 par value; 100 shares authorized; no shares issued and outstanding$0.0$0.0$0.0$0.0$0.0$0.0
Retained earnings-$1.4B-$1.2B-$1.0B-$866.0M-$9.0M$241.0M
Total liabilities and stockholders' equity$8.5B$8.9B$9.4B$9.9B$13.2B$13.8B
Total stockholders' equity$1.3B$1.5B$1.7B$2.3B$3.4B$3.7B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance lease liabilities—$166.0M$156.0M$160.0M—$137.0M
Operating Lease Liability Payments - 2026 (Lessee)—$65.0M$68.0M$70.0M—$67.0M
Long-term debt$5.3B$5.3B$5.3B$4.8B$4.8B$4.8B
Operating lease liabilities, non-current$414.0M$402.0M$402.0M$402.0M$406.0M$392.0M
Other non-current liabilities$101.0M$87.0M$107.0M$142.0M$15.0M$10.0M
Total liabilities$7.1B$7.1B$7.2B$6.9B$9.0B$9.1B

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Goodwill$0.0$2.0M$2.0M$3.0M$10.0M$10.0M
Deferred tax assets$3.0M———$3.1B$3.0B
Intangible assets — net$34.0M$29.0M$26.0M$23.0M—$19.0M
Other intangible assets—net$34.0M$35.0M$32.0M$35.0M$47.0M$49.0M
Operating lease right-of-use assets$440.0M$430.0M$430.0M$438.0M$443.0M$431.0M
Other non-current assets$368.0M$531.0M$507.0M$385.0M$274.0M$232.0M
Property, plant and equipment, net$2.8B$2.7B$2.7B$2.7B$2.8B$2.8B
Accumulated depreciation$994.0M$1.1B$1.1B$1.2B$1.3B$1.3B
Total assets$8.5B$8.9B$9.4B$9.9B$13.2B$13.8B

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Amount of cash savings as a result of tax attributes created from sales/exchanges, percent—0.850.850.85—0.85
Total$460.0M$474.0M$469.0M$491.0M$492.0M$501.0M
Available for sale investments$464.0M$475.0M$466.0M$486.0M$486.0M$492.0M
Beneficial interests in securitizations————$486.0M$492.0M
Number of tranches expired———3.00——
Common unit, multiplier used for conversion ratio—1.251.251.25—1.25
Debt premiums$27.0M$25.0M$23.0M$19.0M$18.0M$17.0M
Debt Issuance Costs, Net$46.0M$44.0M$42.0M$37.0M$36.0M$34.0M
Reserve for uncertain tax position$0.0$0.0$0.0$0.0$0.0$0.0
Unrecognized compensation cost related to non-vested awards—$250.0M$220.0M$191.0M—$212.0M
Finance Lease Liability Payments Due—$179.0M$168.0M$174.0M—$151.0M
2027—$71.0M$73.0M$79.0M—$47.0M
Finance Lease Liability Payments Due Year Four—$1.0M$3.0M$9.0M—$8.0M
Finance Lease Liability Payments Due Year Three—$8.0M$10.0M$16.0M—$13.0M
Finance Lease Liability Payments Due Year Two—$35.0M$37.0M$43.0M—$20.0M
Thereafter—$0.0$1.0M$5.0M—$0.0
Finance Lease Liability Undiscounted Excess Amount—$13.0M$12.0M$14.0M—$14.0M
Thereafter—$3.0M$3.0M$3.0M—$1.0M
Finite-Lived Intangible Assets, Accumulated Amortization$57.0M$62.0M$65.0M$58.0M$61.0M$62.0M
2028—$5.0M$5.0M$5.0M—$3.0M
2030—$2.0M$2.0M$2.0M—$2.0M
Remainder of 2026—$9.0M$6.0M$3.0M—$6.0M
2027—$7.0M$7.0M$7.0M—$5.0M
2029—$3.0M$3.0M$3.0M—$2.0M
Gross Carrying Amount$91.0M$97.0M$97.0M$93.0M$108.0M$111.0M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year Four—$66.0M$71.0M$79.0M—$75.0M
Lessee, Operating And Finance Lease, Liability, Payments, Due After Year Four—$196.0M$211.0M$228.0M—$183.0M
Lessee, Operating And Finance Lease, Liability, Payments, Due, Total—$791.0M$780.0M$786.0M—$752.0M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year Two—$127.0M$132.0M$141.0M—$114.0M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year One—$171.0M$174.0M$184.0M—$148.0M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year Three—$91.0M$96.0M$106.0M—$89.0M
Lessee, Operating And Finance Lease, Liability, Payments, Remainder Of Fiscal Year—$140.0M$96.0M$48.0M—$143.0M
Lessee, Operating And Finance Lease, Liability, Undiscounted Excess Amount—$153.0M$151.0M$151.0M—$148.0M
Lessee Operating Lease Liability Payments Due—$612.0M$612.0M$612.0M—$601.0M
Thereafter—$196.0M$210.0M$223.0M—$183.0M
Lessee Operating Lease Liability Undiscounted Excess Amount—$140.0M$139.0M$137.0M—$134.0M
Total included in long-term debt, net$5.1B$5.2B$5.2B$4.7B$4.7B$4.8B
Total debt$5.5B$5.5B$5.6B$5.1B$5.0B$5.0B
Total asset-based financing$906.0M$913.0M$914.0M$926.0M$940.0M$997.0M
Loss Contingency Accrual$10.0M$10.0M$12.0M$12.0M$14.0M$14.0M
Noncontrolling interests in subsidiaries$115.0M$269.0M$387.0M$672.0M$762.0M$912.0M
Operating And Finance Lease, Liability—$638.0M$629.0M$635.0M—$604.0M
Operating Lease Weighted Average Discount Rate Percent—0.070.070.07—0.07
Other accrued liabilities$126.0M$146.0M$150.0M$173.0M$169.0M$175.0M
Preferred Stock, Par or Stated Value Per Share$0.01$0.01$0.01$0.01$0.01$0.01
Preferred Stock, Shares Authorized50M50M50M50M50M50M
Preferred Stock, Shares Issued000000
Preferred Stock, Shares Outstanding000000
Purchase Obligation—$103.0M$96.0M$90.0M—$78.0M
Remaining tax benefits, percent—0.150.150.15—0.15
Reserve for returns and cancellations$75.0M$86.0M$98.0M$109.0M$121.0M$144.0M
Automatic annual increase lesser of, percent of common stock0.02—————
Standard Product Warranty Accrual$21.0M$22.0M$20.0M$23.0M$25.0M$30.0M
Tax receivable agreement, liability$82.0M$105.0M$131.0M$170.0M$2.3B$2.2B
Tax receivable agreement liability, current$17.0M$48.0M$48.0M$48.0M$37.0M$98.0M
Tax receivable agreement liability, including $1,645 and $1,721, respectively, due to related parties$65.0M$57.0M$83.0M$122.0M$2.2B$2.1B
Trade floor plan payables$0.0——$50.0M$64.0M$141.0M
Unrecognized tax benefits$0.0$0.0$0.0$0.0$0.0$0.0
PNC Risk of Loss$464.0M$475.0M$466.0M$486.0M$486.0M$492.0M
Warrants————$58.0M$15.0M
Remainder of Fiscal Year 2024—$76.0M$52.0M$26.0M—$80.0M
Weighted-Average Discount Rate - Finance Leases—0.060.060.06—0.06