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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$48.6B
P/E Ratio33.71
ROE55.17%

Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts payable$236M$226M$257M$291M$236M$320M
Accrued interest$96M$38M$95M$53M$138M$51M
Accrued Manufacturing Costs$92M$100M$59M$87M$103M$132M
Accrued Marketing and Advertising Expenses$18M$15M$25M$25M$31M$31M
Accounts payable and other current liabilities (Note 11)$856M$836M$893M$1B$1.1B$1.3B
Compensation and benefits$92M$100M$59M$87M$103M$132M
Revolving credit facility$67M$64M$72M$73M$58M$79M
Notes Payable Current$309M$308M$312M$320M$227M$229M
Other accrued liabilities$106M$139M$140M$143M$134M$194M
Current portion of long-term debt$302M$300M$312M$319M$211M$238M
Deferred revenue$63M$57M$46M$49M$51M$47M
Income taxes payable$87M$97M$92M$94M$102M$123M
Operating Lease Liability Payments - 2024 (Lessee)—$92M$95M$98M—$94M
Operating Lease Liability Payments - 2025 (Lessee)—$65M$68M$70M—$67M
Operating lease liabilities, current$481M$472M$473M$475M$480M$467M
Total current liabilities$1.3B$1.3B$1.4B$1.5B$1.5B$1.8B
Claims and insurance accruals$63M$68M$71M$81M$85M$95M

Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Accounts receivable, net$303M$369M$320M$352M$245M$339M
Cash and cash equivalents$1.8B$1.9B$1.9B$2.2B$2.4B$2.5B
Other current assets$122M$149M$167M$166M$168M$208M
Inventories$1.6B$1.5B$2B$2.3B$2.4B$2.7B
Loans held for sale$612M$737M$767M$724M$813M$982M
Restricted cash$44M$46M$73M$79M$102M$102M
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
Retained earnings-$1.4B-$1.2B-$1B-$866M-$9M$241M
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

Other

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Cumulative Cost Basis$460M$474M$469M$491M$492M$501M
Amount of cash savings as a result of tax attributes created from sales/exchanges, percent—85.0%85.0%85.0%—85.0%
Total$460M$474M$469M$491M$492M$501M
Available for sale investments$464M$475M$466M$486M$486M$492M
Beneficial interests in securitizations————$486M$492M
Number of tranches expired———3.00——
Common unit, multiplier used for conversion ratio—125.0%125.0%125.0%—125.0%
Debt premiums$27M$25M$23M$19M$18M$17M
Debt Issuance Costs, Net$46M$44M$42M$37M$36M$34M
Reserve for uncertain tax position$0$0$0$0$0$0
Unrecognized compensation cost related to non-vested awards—$250M$220M$191M—$212M
Finance Lease Liability Payments Due—$179M$168M$174M—$151M
2027—$71M$73M$79M—$47M
Finance Lease Liability Payments Due Year Four—$1M$3M$9M—$8M
Finance Lease Liability Payments Due Year Three—$8M$10M$16M—$13M
Finance Lease Liability Payments Due Year Two—$35M$37M$43M—$20M
Thereafter—$0$1M$5M—$0
Finance Lease Liability Undiscounted Excess Amount—$13M$12M$14M—$14M
Thereafter—$3M$3M$3M—$1M
Finite-Lived Intangible Assets, Accumulated Amortization$57M$62M$65M$58M$61M$62M
2028—$5M$5M$5M—$3M
2030—$2M$2M$2M—$2M
Remainder of 2026—$9M$6M$3M—$6M
2027—$7M$7M$7M—$5M
2029—$3M$3M$3M—$2M
Gross Carrying Amount$91M$97M$97M$93M$108M$111M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year Four—$66M$71M$79M—$75M
Lessee, Operating And Finance Lease, Liability, Payments, Due After Year Four—$196M$211M$228M—$183M
Lessee, Operating And Finance Lease, Liability, Payments, Due, Total—$791M$780M$786M—$752M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year Two—$127M$132M$141M—$114M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year One—$171M$174M$184M—$148M
Lessee, Operating And Finance Lease, Liability, Payments, Due Year Three—$91M$96M$106M—$89M
Lessee, Operating And Finance Lease, Liability, Payments, Remainder Of Fiscal Year—$140M$96M$48M—$143M
Lessee, Operating And Finance Lease, Liability, Undiscounted Excess Amount—$153M$151M$151M—$148M
Lessee Operating Lease Liability Payments Due—$612M$612M$612M—$601M
Thereafter—$196M$210M$223M—$183M
Lessee Operating Lease Liability Undiscounted Excess Amount—$140M$139M$137M—$134M
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$5B$5B
Total asset-based financing$906M$913M$914M$926M$940M$997M
Loss Contingency Accrual$10M$10M$12M$12M$14M$14M
Noncontrolling interests in subsidiaries$115M$269M$387M$672M$762M$912M
Operating And Finance Lease, Liability—$638M$629M$635M—$604M
Operating Lease Weighted Average Discount Rate Percent—7.3%7.0%7.4%—7.3%
Other accrued liabilities$126M$146M$150M$173M$169M$175M
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—$103M$96M$90M—$78M
Remaining tax benefits, percent—15.0%15.0%15.0%—15.0%
Reserve for returns and cancellations$75M$86M$98M$109M$121M$144M
Automatic annual increase lesser of, percent of common stock2.0%—————
Standard Product Warranty Accrual$21M$22M$20M$23M$25M$30M
Tax receivable agreement, liability$82M$105M$131M$170M$2.3B$2.2B
Tax receivable agreement liability, current$17M$48M$48M$48M$37M$98M
Tax receivable agreement liability, including $1,645 and $1,721, respectively, due to related parties$65M$57M$83M$122M$2.2B$2.1B
Trade floor plan payables$0——$50M$64M$141M
Unrecognized tax benefits$0$0$0$0$0$0
PNC Risk of Loss$464M$475M$466M$486M$486M$492M
Warrants————$58M$15M
Remainder of Fiscal Year 2024—$76M$52M$26M—$80M
Weighted-Average Discount Rate - Finance Leases—6.0%6.0%6.2%—6.3%

Non-Current Assets

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Deferred Tax Assets and Other Non-Current Assets$365M$531M$507M$385M$274M$232M
Goodwill$0$2M$2M$3M$10M$10M
Investments - Amortized Cost Basis$460M$474M$469M$491M$492M$501M
Net Investment in Lease$440M$430M$430M$438M$443M$431M
Deferred tax assets$3M———$3.1B$3B
Intangible assets — net$34M$29M$26M$23M—$19M
Other intangible assets—net$34M$35M$32M$35M$47M$49M
Operating lease right-of-use assets$440M$430M$430M$438M$443M$431M
Other non-current assets$365M$531M$507M$385M$274M$232M
Property, plant and equipment, net$2.8B$2.7B$2.7B$2.7B$2.8B$2.8B
Operating Lease Right-of-Use Assets in Other Assets$440M$430M$430M$438M$443M$431M
Accumulated depreciation$994M$1.1B$1.1B$1.2B$1.3B$1.3B
Software and Technology Licenses, Net$365M$531M$507M$385M$274M$232M
Total assets$8.5B$8.9B$9.4B$9.9B$13.2B$13.8B

Non-Current Liabilities

MetricQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Finance lease liabilities$183M$166M$156M$160M$157M$137M
Finance Lease Liabilities (Total)$183M$166M$156M$160M$157M$137M
Operating Lease Liability Payments - 2026 (Lessee)—$83M$86M$90M—$76M
Operating Lease Liability Payments - 2027 (Lessee)—$83M$86M$90M—$76M
Operating Lease Liability Payments - 2028 (Lessee)—$65M$68M$70M—$67M
Long-term debt$5.3B$5.3B$5.3B$4.8B$4.8B$4.8B
Operating lease liabilities, non-current$414M$402M$402M$402M$406M$392M
Operating Lease Liabilities (Total)$481M$472M$473M$475M$480M$467M
Other non-current liabilities$36M$87M$107M$142M$15M$10M
Total liabilities$7.1B$7.1B$7.2B$6.9B$9B$9.1B