CARVANA CO. (CVNA) FY2025 Q1 P&L / Income Statement

CARVANA CO. (CVNA) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales and operating revenues, from related parties

4,232,000,000 US dollars

Cost of sales, including $1 and $1, respectively, to related parties

3,303,000,000 US dollars

Gross profit

929,000,000 US dollars

Operating costs, net of other operating income (calculated)

535,000,000 US dollars

Operating income

394,000,000 US dollars

Other income (expense), net (calculated)

negative 19,000,000 US dollars

Net income before income taxes

375,000,000 US dollars

Income tax provision (benefit)

2,000,000 US dollars

Net income

373,000,000 US dollars

Retail vehicle sales, net

2,980,000,000 US dollars

Wholesale sales and revenues

863,000,000 US dollars

Other sales and revenues

389,000,000 US dollars

Selling, general and administrative expenses, including $7 and $7, respectively, to related parties

535,000,000 US dollars

Other operating expense, net

0 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to CARVANA CO.: $216.00 M; to noncontrolling interests: $157.00 M.