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Carvana CVNA Depreciation and amortization expense

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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%
Free cash flow$187.0M

Valuation

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Market cap$76.39B+55.9%
Enterprise value$79.4B+48.9%
P/E48.7×-38.3×
P/S3.1×0.0×

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

Reported directly by Carvana in its filing.

Tagged under the XBRL concept cvna:DepreciationAndAmortizationExcludingDebtIssuanceCosts.

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

Filed
Jul 29, 2026, 4:11 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001690820-26-000055
Line itemSix Months Ended June 30, 2026Six Months Ended June 30, 2025
Cash Flows from Operating Activities:
Net income$918$681
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense138141
Equity-based compensation expense5150
Deferred income taxes98(2)
Tax receivable agreement expense165
Loss on disposal of property and equipment2

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Carvana's depreciation and amortization expense?
Carvana (CVNA) reported depreciation and amortization expense of $69M in Q2 2026.
How has Carvana's depreciation and amortization expense changed year-over-year?
Carvana's depreciation and amortization expense increased by 1.5% year-over-year, from $68M to $69M.
What is the long-term trend for Carvana's depreciation and amortization expense?
Over 4 years (2021 to 2025), Carvana's depreciation and amortization expense has grown at a 27.2% compound annual growth rate (CAGR), from $105M to $275M.
What does depreciation and amortization expense mean?
This represents the non-cash allocation of the cost of tangible and intangible assets over their useful lives. It is added back to net income in the cash flow statement because it does not involve an actual cash outflow during the period.

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