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Carvana CVNA Business Segments — Operating Income (Loss)

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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$46.44B+60.0%

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:OperatingIncomeLoss.

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 — operating income (loss)?
Carvana (CVNA) reported business segments — operating income (loss) of $581M in Q1 2026.
How has Carvana's business segments — operating income (loss) changed year-over-year?
Carvana's business segments — operating income (loss) increased by 47.5% year-over-year, from $394M to $581M.
What is the long-term trend for Carvana's business segments — operating income (loss)?
Over 3 years (2022 to 2025), Carvana's business segments — operating income (loss) has grown at a -7.2% compound annual growth rate (CAGR), from -$2.35B to $1.88B.
What does business segments — operating income (loss) mean?
Operating income or loss is the profit or loss generated by the segment after deducting all operating expenses from gross profit. It represents the segment's ability to generate earnings from its core business activities before interest and taxes. This is the most important metric for evaluating the segment's overall operational success and viability.