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CarGurus, Inc. CARG Payments to Develop Software

Payments to Develop Software at other companies

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$117M+74.6%

Other financials

Income statement

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Revenue$243.6M+14.8%
Gross profit$224.6M+13.5%
Operating income$40.1M-20.9%
Net income$32.2M-17.5%
EPS (diluted)$0.34-8.1%

Balance sheet

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Cash & equivalents$72.0M-58.3%
Total debt$188.0M-3.8%
Total equity$237.1M-41.0%
Total assets$519.6M-24.6%

Cash flow

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Operating cash flow$69.8M+2.9%
CapEx$391.0K-82.5%
Free cash flow$69.5M+5.8%

Valuation

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Market cap$2.75B+6.6%
Enterprise value$2.86B+9.6%
P/E18.4×-48.1×
P/S2.9×-0.2×

Profitability

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Gross margin90.2%+4.0pp
Operating margin25.4%+3.4pp
Net margin15.9%+11.2pp
FCF margin31.2%+4.1pp

Returns & leverage

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Return on equity46.6%+38.7pp
Debt / equity0.8×+0.3×
Current ratio1.7×-1.0×

Where this comes from

Reported directly by CarGurus, Inc. in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopSoftware.

The official record: CarGurus, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is CarGurus, Inc.'s payments to develop software?
CarGurus, Inc. (CARG) reported payments to develop software of $6.3M in Q1 2026.
How has CarGurus, Inc.'s payments to develop software changed year-over-year?
CarGurus, Inc.'s payments to develop software increased by 16.9% year-over-year, from $5.39M to $6.3M.
What is the long-term trend for CarGurus, Inc.'s payments to develop software?
Over 4 years (2021 to 2025), CarGurus, Inc.'s payments to develop software has grown at a 38.9% compound annual growth rate (CAGR), from $6.16M to $22.93M.
What does payments to develop software mean?
Captures the cash outflows dedicated to the internal development or acquisition of software assets. This metric is a key indicator of a company's investment in its technological infrastructure and long-term product innovation capabilities.