What changed in Carvana Co.'s latest annual report
In the year ended 31 Dec 2025, Carvana Co.'s revenue rose 48.6% to USD 20.32bn, from USD 13.67bn; net income rose 570% to USD 1.41bn, from USD 210.00m; shareholders' equity rose 173.1% to USD 3.44bn, from USD 1.26bn.
Year ended 31 Dec 2025. Source: 10-K filed 18 Feb 2026, read it on SEC EDGAR.
USD 13.67bn to USD 20.32bn
The figures, year on year
| Item | Year before | Latest year | Change |
|---|---|---|---|
| Revenue | 13.67bn | 20.32bn | Up 48.6% |
| Net income | 210.00m | 1.41bn | Up 570% |
| Total assets | 8.48bn | 13.20bn | Up 55.6% |
| Total liabilities | 7.11bn | 9.00bn | Up 26.6% |
| Long-term debt | 5.26bn | 4.83bn | Down 8.1% |
| Cash and cash equivalents | 1.72bn | 2.33bn | Up 35.6% |
| Shareholders' equity | 1.26bn | 3.44bn | Up 173.1% |
Questions people ask
Did Carvana Co.'s revenue grow last year?
Revenue grew 48.6%, from USD 13.67bn to USD 20.32bn in the year ended 31 Dec 2025.
Is Carvana Co. profitable?
Yes. Net income was USD 1.41bn in the year ended 31 Dec 2025. The year before: USD 210.00m.
How much cash and debt does Carvana Co. have?
At its latest year end (31 Dec 2025), Carvana Co. reported cash and cash equivalents of USD 2.33bn and long-term debt of USD 4.83bn.
Where do these numbers come from?
From Carvana Co.'s own annual filings with the SEC. Each change is calculated from the reported figures; nothing is estimated.
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