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CarGurus, Inc. CARG Payments To Develop Software

Payments To Develop Software at other companies

CarGurus, Inc. logo
CarGurus, Inc.CARG
$6.3M+16.9%
MarketAxess logo
MarketAxessMKTX
$17.09M+13.7%
Payoneer Global Inc. logo
Payoneer Global Inc.PAYO
$18.62M+15.9%
Sezzle logo
SezzleSEZL
$738K+163%
Robinhood Markets, Inc. logo
Robinhood Markets, Inc.HOOD
$9M0.0%
FBR
Franklin BSP Realty TrustFBRT
$120K—

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?
Represents cash outflows dedicated to the internal development or enhancement of software assets. This reflects the company's investment in its technological infrastructure and product capabilities to maintain competitive advantage.