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Carvana CVNA Business Segments — Net Income

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Other financials

Income statement

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Revenue$6.4B+52.0%
Gross profit$1.3B+36.8%
Operating income$581.0M+47.5%
Net income$250.0M+15.7%
EPS (diluted)$2.11

Balance sheet

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Cash & equivalents$2.5B+31.9%
Total debt$5.7B-8.4%
Total equity$3.7B+147%
Total assets$13.8B+55.1%

Cash flow

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Operating cash flow$107.0M-53.9%
CapEx$51.0M+88.9%
Free cash flow$56.0M-72.7%

Valuation

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Market cap$47.42B+9.8%
Enterprise value$50.59B+6.5%
P/E32.9×-75.6×
P/S2.1×-0.8×

Profitability

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Gross margin20.1%-1.5pp
Operating margin9.2%+0.8pp
Net margin6.4%+3.7pp
FCF margin3.3%-3.1pp

Returns & leverage

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Return on equity55.2%+10.8pp
Debt / equity1.5×-2.6×
Current ratio4.1×+0.3×

Where this comes from

Reported directly by Carvana in its filing.

Tagged under the XBRL concept us-gaap:ProfitLoss.

The official record: Carvana’s 10-Q, filed April 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Carvana's business segments — net income?
Carvana (CVNA) reported business segments — net income of $405M in Q1 2026.
How has Carvana's business segments — net income changed year-over-year?
Carvana's business segments — net income increased by 8.6% year-over-year, from $373M to $405M.
What is the long-term trend for Carvana's business segments — net income?
Over 3 years (2022 to 2025), Carvana's business segments — net income has grown at a -13.2% compound annual growth rate (CAGR), from -$2.89B to $1.9B.
What does business segments — net income mean?
This is the final bottom-line profitability of a business segment after all operating expenses, interest, taxes, and noncontrolling interest allocations have been deducted. It represents the actual economic value contributed by the segment to the company's consolidated net income. It is the definitive measure of a segment's financial success.