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Carvana CVNA Free cash flow

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Other financials

Income statement

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Revenue$7.4B+52.4%
Gross profit$1.4B+30.1%
Operating income$680.0M+33.1%
Net income$310.0M+69.4%
EPS (diluted)$0.42+61.5%

Balance sheet

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Cash & equivalents$2.7B+42.1%
Total debt$5.8B-8.2%
Total equity$4.0B+133%
Total assets$14.6B+55.4%

Cash flow

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Operating cash flow$238.0M+721%
CapEx$51.0M+64.5%

Valuation

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Market cap$53.24B+5.0%
Enterprise value$56.25B+2.2%
P/E34×-56.1×
P/S2.1×-1.0×

Profitability

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Gross margin19.4%-2.5pp
Operating margin8.9%-0.3pp
Net margin6.3%+2.8pp
FCF margin3.7%-0.1pp

Returns & leverage

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Return on equity54.5%+4.6pp
Debt / equity1.4×-2.2×
Current ratio3.9×-0.1×

Where this comes from

Calculated from Carvana’s reported figures.

The source filing: Carvana’s 10-Q, filed July 29, 2026. Open the filing →

Filed
Jul 29, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001690820-26-000055

FAQ

What is Carvana's free cash flow?
Carvana (CVNA) reported free cash flow of $187M in Q2 2026.
What is the long-term trend for Carvana's free cash flow?
Over 3 years (2021 to 2025), Carvana's free cash flow has grown at a -34.4% compound annual growth rate (CAGR), from -$3.15B to $891M.
What does free cash flow mean?
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

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