Carvana Co. (CVNA) Financials
Key financial figures for Carvana Co. (Q2 2026).
Carvana grew retail units sold 38% year over year to a record 197,325 in Q2 2026, with revenue up 30% to $7.376 billion and Adjusted EBITDA up to $769 million (10.4% margin), a company record. Retail units sold rose 38% year over year to a record 197,325, up 5% sequentially from Q1 2026's 187,393. Revenue reached $7.376 billion (+30% YoY); gross profit rose 30% to $1.384 billion. Diluted EPS of $0.42 on net income above $500 million; GAAP operating income hit a company record of $680 million. Adjusted EBITDA of $769 million (10.4% margin) crossed a $3 billion annualized run rate for the first time. On the outlook: Full-year 2026 Adjusted EBITDA guided to $2.7-$3.0 billion, up from $2.24 billion in 2025; management also expects a sequential increase in retail units sold in Q3 2026 versus Q2 2026, assuming a stable operating environment. Figures are for Q2 2026, as Carvana Co. reported them.
- Revenue
- $7.4B
- Net Income
- $513M
- Total Assets
- $14.6B
- Operating Cash Flow
- $238M
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| 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 |
| Q2 FY2025 | $4.8B | $183M | $0.26 | 10.6% | -$2M |
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 | -0.74% | $716M |
Frequently asked questions
What was Carvana Co.'s revenue last quarter?
Carvana Co. reported revenue of $7.38 billion for Q2 FY2026, up 52.4% from the same period a year earlier.
Is Carvana Co. profitable?
Yes. Carvana Co. reported net income of $310.0 million for Q2 FY2026, a net margin of 4.2% on revenue.
How has Carvana Co.'s margin trended?
Operating margin was 9.22% in Q2 FY2026, compared with 10.6% 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 $187.0 million in Q2 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.