Carvana Co. (CVNA) Financials
Key financial figures for Carvana Co. (Q3 2026).
Carvana sold a record 217,385 retail units in Q3 2026 (up 39%) on revenue of $8.040B (up 42%), with Adjusted EBITDA of $800M at a 10.0% margin and GAAP operating income of $714M. Retail units sold hit a record 217,385, up 39.4% from 155,941 a year earlier and the first quarter above 200,000; management says the industry was roughly flat, so the growth is share gains. Revenue was $8.040B (up 42.4%): retail vehicle sales $6.144B, wholesale $1.302B and other $594M. Gross profit was $1.521B (up 32.5%), GAAP operating income $714M (8.9% margin vs 9.8%), and net income $483M ($289M attributable to Carvana Co.) vs $263M ($151M). On the outlook: Q4 2026: management expects a sequential increase in retail units sold and Adjusted EBITDA at the higher end of its previously communicated $2.7 to $3.0 billion range for full year 2026, as long as the environment remains stable. Beginning with the Q4 2026 earnings call, the company does not plan to provide quarterly or annual financial outlooks. Figures are for Q3 2026, as Carvana Co. reported them.
- Revenue
- $8.0B
- Net Income
- $289M
- EPS
- $0.40
- Total Assets
- $15.2B
- Operating Cash Flow
- $555M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $8.0B | $289M | $0.39 | 8.88% | $491M |
| Q2 FY2026 | $7.4B | $310M | $0.42 | 9.22% | $187M |
| Q1 FY2026 | $6.4B | $250M | $0.34 | 9.03% | $56M |
| Q4 FY2025 | $5.6B | $857M | $1.19 | 7.57% | $379M |
| Q3 FY2025 | $5.6B | $151M | $0.21 | 9.78% | $307M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $20.3B | $1.4B | $1.69 | 9.26% | $889M |
| FY2024 | $13.7B | $210M | $0.32 | 7.33% | $827M |
| FY2023 | $10.8B | $450M | $0.15 | $716M |
Frequently asked questions
What was Carvana Co.'s revenue last quarter?
Carvana Co. reported revenue of $8.04 billion for Q3 FY2026, up 42.4% from the same period a year earlier.
Is Carvana Co. profitable?
Yes. Carvana Co. reported net income of $289.0 million for Q3 FY2026, a net margin of 3.59% on revenue.
How has Carvana Co.'s margin trended?
Operating margin was 8.88% in Q3 FY2026, compared with 9.78% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Carvana Co. generate?
Carvana Co. generated free cash flow of $491.0 million in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Carvana Co. on SentiSense, with up to forty quarters and twenty fiscal years of history.