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Carvana CVNA Free cash flow

Free cash flow at other companies

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-$34.2M+73.2%
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$345.5M-0.1%
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$503.31M-12.2%
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-$205.5M-181%
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-$85.75M-153%
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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%

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

Calculated from Carvana’s reported figures.

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 free cash flow?
Carvana (CVNA) reported free cash flow of $56M in Q1 2026.
How has Carvana's free cash flow changed year-over-year?
Carvana's free cash flow decreased by 72.7% year-over-year, from $205M to $56M.
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.