CARVANA CO. (CVNA) FY2025 Annual Balance Sheet

CARVANA CO. (CVNA) FY2025 Annual Balance Sheet

Balance sheet as of 2025-12-31. The chart shows assets, liabilities and equity at that date.

Assets

13,201,000,000 US dollars

Current assets

6,549,000,000 US dollars

Non-current assets

6,652,000,000 US dollars

Liabilities

8,998,000,000 US dollars

Current liabilities

1,519,000,000 US dollars

Non-current liabilities

7,479,000,000 US dollars

Equity

4,203,000,000 US dollars

Noncontrolling interest

762,000,000 US dollars. Included in consolidated equity; this amount is not added again.

Vehicle inventory

2,408,000,000 US dollars

Cash and cash equivalents

2,327,000,000 US dollars

Finance receivables held for sale, net

813,000,000 US dollars

Beneficial interests in securitizations

486,000,000 US dollars

Accounts receivable, net

245,000,000 US dollars

Other current assets, including $5 and $4, respectively, due from related parties

168,000,000 US dollars

Restricted cash

102,000,000 US dollars

Deferred tax assets

3,064,000,000 US dollars

Property and equipment, net

2,814,000,000 US dollars

Operating lease right-of-use assets, including $6 and $13, respectively, from leases with related parties

443,000,000 US dollars

Other assets

274,000,000 US dollars

Intangible assets, net

47,000,000 US dollars

Goodwill

10,000,000 US dollars

Accounts payable and accrued liabilities, including $21 and $17, respectively, due to related parties

1,100,000,000 US dollars

Current portion of long-term debt

227,000,000 US dollars

Other current liabilities, including $31 and $16, respectively, due to related parties

134,000,000 US dollars

Short-term revolving facilities

58,000,000 US dollars

Long-term debt, excluding current portion

4,830,000,000 US dollars

Tax receivable agreement liability, including $1,721 and $48, respectively, due to related parties

2,228,000,000 US dollars

Operating lease liabilities, excluding current portion, including $5 and $10, respectively, from leases with related parties

406,000,000 US dollars

Other liabilities

15,000,000 US dollars

Additional paid-in capital

3,450,000,000 US dollars

Preferred stock, $0.01 par value - 50,000 shares authorized; none issued and outstanding as of each of December 31, 2025 and 2024

0 US dollars

Common stock - Class A

0 US dollars

Common stock - Class B

0 US dollars

Non-controlling interests

762,000,000 US dollars

Accumulated deficit

negative 9,000,000 US dollars

Gross equity (calculated)

4,212,000,000 US dollars. Net equity plus the magnitudes of its negative contributions equals gross positive equity. The negative contributions enter this reconciliation as add-backs; their filed signs stay negative.

Chart connections

• Assets equal liabilities plus consolidated equity. Consolidated equity includes noncontrolling interests when reported.
• Treasury shares and other negative equity contributions reduce equity.