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ACV Auctions (ACVA) Financials

ACV Auctions logo
$5.83 -0.49 (-7.72%)
Closing price 03:58 PM Eastern
Extended Trading
$5.70 -0.14 (-2.35%)
As of 05:45 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
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Annual Income Statements for ACV Auctions

Annual Income Statements for ACV Auctions

This table shows ACV Auctions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -77 -41 -78 -102 -75 -80 -66
Consolidated Net Income / (Loss)		 -77 -41 -78 -102 -75 -80 -66
Net Income / (Loss) Continuing Operations		 -77 -41 -78 -102 -75 -80 -66
Total Pre-Tax Income 		-77 -41 -77 -102 -75 -79 -65
Total Operating Income		 -79 -41 -77 -106 -90 -84 -63
Total Gross Profit		 24 95 154 185 237 333 398
Total Revenue		 107 208 358 422 481 637 760
Operating Revenue		 107 208 358 422 481 637 760
Total Cost of Revenue		 83 113 205 237 244 304 361
Operating Cost of Revenue		 83 113 205 237 244 304 361
Total Operating Expenses		 103 136 230 291 326 417 461
Selling, General & Admin Expense		 62 65 121 144 167 217 235
Depreciation Expense		 1.29 6.08 8.26 11 19 37 44
Other Operating Expenses / (Income)		 40 65 101 137 141 163 183
Total Other Income / (Expense), net		 2.09 0.12 -1.31 4.10 15 5.09 -1.61
Interest Expense		 0.00 0.63 0.78 0.98 1.57 4.24 9.62
Interest & Investment Income		 2.09 0.75 0.13 5.08 17 9.34 8.01
Income Tax Expense		 0.03 0.49 0.72 0.09 0.53 0.69 1.34
Basic Earnings per Share		 ($4.20) ($1.90) ($0.62) ($0.65) ($0.47) ($0.48) ($0.39)
Weighted Average Basic Shares Outstanding		 18.37M 21.60M 125.33M 156.99M 159.95M 164.85M 170.58M
Diluted Earnings per Share		 ($4.20) ($1.90) ($0.62) ($0.65) ($0.47) ($0.48) ($0.39)
Weighted Average Diluted Shares Outstanding		 18.37M 21.60M 125.33M 156.99M 159.95M 164.85M 170.58M
Weighted Average Basic & Diluted Shares Outstanding		 18.37M 21.60M 125.33M 158.80M 163.89M 168.77M 174.07M

Quarterly Income Statements for ACV Auctions

This table shows ACV Auctions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -18 -23 -20 -17 -16 -26 -15 -7.30 -24 -20 -11
Consolidated Net Income / (Loss)		 -18 -23 -20 -17 -16 -26 -15 -7.30 -24 -20 -11
Net Income / (Loss) Continuing Operations		 -18 -23 -20 -17 -16 -26 -15 -7.30 -24 -20 -11
Total Pre-Tax Income 		-18 -23 -20 -17 -16 -26 -14 -7.33 -24 -19 -10
Total Operating Income		 -22 -27 -23 -19 -17 -26 -14 -7.20 -24 -18 -9.24
Total Gross Profit		 59 58 77 82 90 84 99 102 107 90 105
Total Revenue		 119 118 146 161 171 160 183 194 200 184 204
Operating Revenue		 119 118 146 161 171 160 183 194 200 184 204
Total Cost of Revenue		 60 61 69 79 81 76 83 91 93 94 99
Operating Cost of Revenue		 60 61 69 79 81 76 83 91 93 94 99
Total Operating Expenses		 81 85 100 100 107 109 114 110 130 108 115
Selling, General & Admin Expense		 41 43 54 52 55 57 59 53 73 50 56
Depreciation Expense		 4.98 6.90 7.79 8.85 9.72 10 11 11 11 11 12
Other Operating Expenses / (Income)		 35 35 38 40 43 42 44 46 47 46 46
Total Other Income / (Expense), net		 4.05 3.64 2.50 1.72 0.97 -0.10 -0.04 -0.13 -0.27 -1.17 -1.13
Interest Expense		 0.44 0.36 0.54 0.61 1.08 2.03 1.91 2.29 2.48 2.94 2.82
Interest & Investment Income		 4.49 4.00 3.03 2.33 2.05 1.93 1.89 2.15 2.22 1.75 1.69
Income Tax Expense		 0.00 0.12 0.44 0.15 -0.14 0.24 0.37 -0.03 0.48 0.52 0.53
Basic Earnings per Share		 ($0.11) ($0.15) ($0.13) ($0.10) ($0.10) ($0.15) ($0.09) ($0.04) ($0.14) ($0.12) ($0.06)
Weighted Average Basic Shares Outstanding		 160.43M 159.95M 162.89M 164.38M 165.72M 164.85M 168.35M 170.47M 171.35M 170.58M 173.36M
Diluted Earnings per Share		 ($0.11) ($0.15) ($0.13) ($0.10) ($0.10) ($0.15) ($0.09) ($0.04) ($0.14) ($0.12) ($0.06)
Weighted Average Diluted Shares Outstanding		 160.43M 159.95M 162.89M 164.38M 165.72M 164.85M 168.35M 170.47M 171.35M 170.58M 173.36M
Weighted Average Basic & Diluted Shares Outstanding		 161.44M 163.89M 165.09M 166.59M 167.64M 168.77M 171.06M 172.11M 172.17M 174.07M 174.58M

Annual Cash Flow Statements for ACV Auctions

This table details how cash moves in and out of ACV Auctions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 64 51 332 -285 -98 41 47
Net Cash From Operating Activities		 -72 10 85 -75 -18 65 78
Net Cash From Continuing Operating Activities		 -72 10 85 -75 -18 65 78
Net Income / (Loss) Continuing Operations		 -77 -41 -78 -102 -75 -80 -66
Consolidated Net Income / (Loss)		 -77 -41 -78 -102 -75 -80 -66
Depreciation Expense		 1.84 7.24 8.75 11 19 37 44
Non-Cash Adjustments To Reconcile Net Income		 4.22 8.72 29 50 59 79 94
Changes in Operating Assets and Liabilities, net		 -1.31 35 126 -35 -21 30 6.18
Net Cash From Investing Activities		 -25 -20 -129 -283 -111 -16 -74
Net Cash From Continuing Investing Activities		 -25 -20 -129 -283 -111 -16 -74
Purchase of Property, Plant & Equipment		 -6.59 -8.89 -14 -23 -28 -34 -45
Acquisitions		 -15 -5.50 -65 -19 -30 -156 0.00
Purchase of Investments		 0.00 0.00 -51 -308 -191 -58 -105
Sale of Property, Plant & Equipment		 - - - 0.00 0.00 14 0.00
Sale and/or Maturity of Investments		 - 0.00 0.00 67 138 219 75
Net Cash From Financing Activities		 162 61 376 73 31 -7.87 43
Net Cash From Continuing Financing Activities		 162 62 376 73 31 -7.87 43
Repayment of Debt		 -0.95 -1.38 -14 -200 -381 -486 -360
Repurchase of Common Equity		 0.00 0.00 -2.77 -5.46 -16 -27 -27
Issuance of Debt		 0.00 6.79 5.25 275 420 492 424
Other Financing Activities, net		 0.27 1.82 1.63 3.39 7.33 13 6.11
Effect of Exchange Rate Changes		 - 0.00 0.00 -0.02 0.04 -0.17 0.28
Cash Interest Paid		 0.00 0.17 0.37 0.49 0.99 3.05 7.86
Cash Income Taxes Paid		 0.03 0.06 0.26 0.39 0.72 0.77 0.76

Quarterly Cash Flow Statements for ACV Auctions

This table details how cash moves in and out of ACV Auctions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -46 -44 27 5.13 38 -28 68 -34 6.98 6.15 69
Net Cash From Operating Activities		 -15 -26 43 4.52 21 -3.22 67 14 10 -12 77
Net Cash From Continuing Operating Activities		 -15 -26 43 4.52 21 -3.22 67 14 10 -12 77
Net Income / (Loss) Continuing Operations		 -18 -23 -20 -17 -16 -26 -15 -7.30 -24 -20 -11
Consolidated Net Income / (Loss)		 -18 -23 -20 -17 -16 -26 -15 -7.30 -24 -20 -11
Depreciation Expense		 5.09 6.88 7.80 8.88 9.77 10 11 11 11 11 12
Non-Cash Adjustments To Reconcile Net Income		 15 15 17 18 22 22 19 19 37 20 20
Changes in Operating Assets and Liabilities, net		 -17 -25 38 -4.99 5.77 -9.59 52 -8.41 -14 -24 56
Net Cash From Investing Activities		 -27 -25 -21 17 16 -28 -31 -63 -31 51 -15
Net Cash From Continuing Investing Activities		 -27 -25 -21 17 16 -28 -31 -63 -31 51 -15
Purchase of Property, Plant & Equipment		 -7.13 -7.33 -8.59 -9.14 -8.55 -7.97 -10 -12 -12 -11 -11
Purchase of Investments		 -37 -44 -3.95 -20 -11 -24 -27 -69 -20 11 -3.36
Sale and/or Maturity of Investments		 33 28 100 92 23 3.50 6.64 18 - 50 0.00
Net Cash From Financing Activities		 -3.92 7.58 5.29 -16 0.10 3.05 32 15 28 -32 7.91
Net Cash From Continuing Financing Activities		 -3.92 7.58 5.29 -16 0.10 3.05 32 15 28 -32 7.91
Repayment of Debt		 -105 -105 -180 -167 -110 -29 -57 -101 -100 -102 -75
Repurchase of Common Equity		 -4.65 -4.75 -7.09 -6.02 -6.43 -7.59 -12 -5.83 -5.85 -3.38 -2.78
Issuance of Debt		 105 115 190 150 115 37 100 120 134 70 85
Other Financing Activities, net		 0.80 2.42 2.40 6.41 1.83 2.70 0.38 2.68 0.23 2.81 0.69
Effect of Exchange Rate Changes		 -0.01 0.05 -0.05 -0.02 0.02 -0.12 0.03 0.18 0.03 0.04 -0.15

Annual Balance Sheets for ACV Auctions

This table presents ACV Auctions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2020 2021 2022 2023 2024 2025
Period end date 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 405 983 915 923 984 1,086
Total Current Assets		 354 857 755 707 593 674
Cash & Equivalents		 234 566 281 183 224 271
Note & Lease Receivable		 8.50 44 78 119 139 180
Accounts Receivable		 104 223 169 164 169 197
Other Current Assets		 8.04 11 11 13 15 24
Plant, Property, & Equipment, net		 4.91 4.92 5.71 4.92 7.63 13
Total Noncurrent Assets		 45 121 154 211 383 399
Goodwill		 22 79 92 103 180 184
Intangible Assets		 11 18 19 90 69 163
Other Noncurrent Operating Assets		 12 24 43 18 134 53
Total Liabilities & Shareholders' Equity		 405 983 915 923 984 1,086
Total Liabilities		 178 427 429 466 544 656
Total Current Liabilities		 167 423 348 334 381 421
Accounts Payable		 152 396 324 306 346 391
Accrued Expenses		 12 27 25 28 36 30
Total Noncurrent Liabilities		 11 3.50 81 132 163 235
Long-Term Debt		 4.83 0.50 76 115 123 190
Other Noncurrent Operating Liabilities		 6.38 3.00 5.48 17 40 45
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 -140 556 486 457 440 430
Total Preferred & Common Equity		 227 556 486 457 440 430
Preferred Stock		 366 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 -140 556 486 457 440 430
Common Stock		 27 801 837 881 945 997
Retained Earnings		 -167 -245 -347 -423 -502 -568
Accumulated Other Comprehensive Income / (Loss)		 -0.06 -0.04 -3.78 -1.53 -2.74 1.34

Quarterly Balance Sheets for ACV Auctions

This table presents ACV Auctions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 900 995 936 959 1,045 1,011 1,034 1,152 1,138 1,166 1,235
Total Current Assets		 746 831 752 742 696 614 639 760 738 763 824
Cash & Equivalents		 295 317 272 226 210 215 253 292 258 265 341
Note & Lease Receivable		 74 104 98 106 121 121 131 157 207 199 190
Accounts Receivable		 153 189 144 169 219 209 204 244 210 219 269
Other Current Assets		 16 12 9.51 17 14 12 17 18 16 29 24
Plant, Property, & Equipment, net		 5.78 5.56 5.52 5.17 7.90 7.49 7.93 8.47 10 12 14
Total Noncurrent Assets		 149 158 179 212 341 389 387 384 390 392 397
Goodwill		 90 92 97 118 169 176 178 181 184 184 183
Intangible Assets		 52 18 71 53 138 165 66 72 162 163 85
Other Noncurrent Operating Assets		 6.90 48 11 42 33 48 143 130 45 46 130
Total Liabilities & Shareholders' Equity		 900 995 936 959 1,045 1,011 1,034 1,152 1,138 1,166 1,235
Total Liabilities		 401 514 460 492 586 553 578 713 689 732 804
Total Current Liabilities		 325 413 345 367 430 412 422 507 463 472 560
Accounts Payable		 299 388 320 338 393 368 386 470 431 439 527
Accrued Expenses		 22 26 25 29 37 44 37 37 32 33 34
Total Noncurrent Liabilities		 76 101 116 125 156 141 156 206 227 260 244
Long-Term Debt		 71 96 105 105 125 110 115 167 187 220 200
Other Noncurrent Operating Liabilities		 5.16 5.38 11 20 31 31 41 39 40 40 44
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 499 481 476 467 458 458 456 440 449 434 431
Total Preferred & Common Equity		 499 481 476 467 458 458 456 440 449 434 431
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 499 481 476 467 458 458 456 440 449 434 431
Common Stock		 827 849 861 870 903 919 933 958 972 982 1,010
Retained Earnings		 -323 -366 -381 -399 -443 -460 -476 -517 -524 -549 -579
Accumulated Other Comprehensive Income / (Loss)		 -5.47 -2.53 -3.48 -3.65 -1.79 -1.62 -0.17 -1.52 1.65 1.38 0.26

Annual Metrics And Ratios for ACV Auctions

This table displays calculated financial ratios and metrics derived from ACV Auctions' official financial filings.

Metric 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - -
Revenue Growth		 0.00% 95.01% 72.03% 17.60% 14.16% 32.40% 19.22%
EBITDA Growth		 0.00% 56.87% -105.69% -38.03% 25.77% 32.81% 58.88%
EBIT Growth		 0.00% 48.73% -90.56% -37.12% 15.57% 6.21% 24.87%
NOPAT Growth		 0.00% 48.73% -88.96% -38.28% 15.57% 6.21% 24.87%
Net Income Growth		 0.00% 46.88% -90.59% -30.71% 26.35% -5.90% 17.01%
EPS Growth		 0.00% 54.76% 67.37% -4.84% 27.69% -2.13% 18.75%
Operating Cash Flow Growth		 0.00% 114.31% 722.63% -188.14% 76.21% 465.65% 19.63%
Free Cash Flow Firm Growth		 0.00% 0.00% -25.33% -393.56% 2.25% -20.93% 48.05%
Invested Capital Growth		 0.00% 0.00% -928.81% 378.47% 148.19% 82.84% 18.87%
Revenue Q/Q Growth		 0.00% 0.00% 14.88% -0.52% 4.43% 6.90% 3.28%
EBITDA Q/Q Growth		 0.00% 0.00% -25.26% -1.03% 5.67% 8.59% 31.42%
EBIT Q/Q Growth		 0.00% 0.00% -22.73% -1.53% 0.58% 1.14% 11.18%
NOPAT Q/Q Growth		 0.00% 0.00% -21.70% -1.53% 0.58% 1.14% 11.18%
Net Income Q/Q Growth		 0.00% 0.00% -21.91% 1.73% 1.66% -3.77% 9.04%
EPS Q/Q Growth		 0.00% 0.00% 83.42% -66.67% 0.00% 0.00% 7.14%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 8.69% 4.16% -304.52% 55.26% -10.46%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 1.91% -34.15% 13.37% 5.01%
Invested Capital Q/Q Growth		 0.00% 0.00% 7.65% -3.52% 31.47% 3.33% 2.88%
Profitability Metrics		 - - - - - - -
Gross Margin		 22.53% 45.74% 42.88% 43.86% 49.20% 52.22% 52.42%
EBITDA Margin		 -72.48% -16.03% -19.17% -22.50% -14.63% -7.42% -2.56%
Operating Margin		 -74.20% -19.51% -21.43% -25.20% -18.63% -13.20% -8.32%
EBIT Margin		 -74.20% -19.51% -21.61% -25.20% -18.63% -13.20% -8.32%
Profit (Net Income) Margin		 -72.27% -19.69% -21.81% -24.24% -15.64% -12.51% -8.71%
Tax Burden Percent		 100.04% 101.21% 100.93% 100.09% 100.70% 100.87% 102.06%
Interest Burden Percent		 97.36% 99.72% 100.00% 96.14% 83.34% 93.94% 102.55%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% -359.45% -55.86% -25.99% -13.80%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% -353.88% -52.38% -16.59% 5.37%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 339.83% 39.89% 8.21% -1.41%
Return on Equity (ROE)		 0.00% 29.37% -37.55% -19.62% -15.97% -17.78% -15.21%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% -251.09% -140.98% -84.56% -31.05%
Operating Return on Assets (OROA)		 0.00% -10.05% -11.17% -11.19% -9.76% -8.82% -6.11%
Return on Assets (ROA)		 0.00% -10.14% -11.27% -10.77% -8.19% -8.36% -6.39%
Return on Common Equity (ROCE)		 0.00% 29.37% -37.55% -19.62% -15.97% -17.78% -15.21%
Return on Equity Simple (ROE_SIMPLE)		 0.00% -18.10% -14.06% -21.04% -16.49% -18.11% 0.00%
Net Operating Profit after Tax (NOPAT)		 -55 -28 -54 -74 -63 -59 -44
NOPAT Margin		 -51.94% -13.66% -15.00% -17.64% -13.04% -9.24% -5.82%
Net Nonoperating Expense Percent (NNEP)		 0.00% 18.29% -11.05% -5.57% -3.48% -9.39% -19.17%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -13.25% -10.98% -10.46% -7.14%
Cost of Revenue to Revenue		 77.47% 54.26% 57.12% 56.14% 50.80% 47.78% 47.58%
SG&A Expenses to Revenue		 58.44% 31.14% 33.80% 34.08% 34.60% 34.13% 30.94%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 96.73% 65.25% 64.30% 69.05% 67.84% 65.42% 60.74%
Earnings before Interest and Taxes (EBIT)		 -79 -41 -77 -106 -90 -84 -63
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -77 -33 -69 -95 -70 -47 -19
Valuation Ratios		 - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 5.27 2.67 5.36 8.23 3.21
Price to Tangible Book Value (P/TBV)		 0.00 0.00 6.38 3.47 9.29 36.16 16.64
Price to Revenue (P/Rev)		 3.87 1.99 8.18 3.08 5.08 5.68 1.82
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 13.60 13.42 11.86 3.73
Enterprise Value to Revenue (EV/Rev)		 0.00 2.65 6.56 2.08 4.47 5.45 1.71
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 53.16 27.57 0.00 0.00 53.12 16.61
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - -
Debt to Equity		 0.00 -0.03 0.00 0.16 0.25 0.28 0.44
Long-Term Debt to Equity		 0.00 -0.03 0.00 0.16 0.25 0.28 0.44
Financial Leverage		 0.00 -0.98 -1.06 -0.96 -0.76 -0.49 -0.26
Leverage Ratio		 0.00 -2.90 3.33 1.82 1.95 2.13 2.38
Compound Leverage Factor		 0.00 -2.89 3.33 1.75 1.63 2.00 2.44
Debt to Total Capital		 0.00% -3.58% 0.09% 13.45% 20.12% 21.85% 30.66%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% -3.58% 0.09% 13.45% 20.12% 21.85% 30.66%
Preferred Equity to Total Capital		 0.00% -271.64% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 103.58% 99.91% 86.55% 79.88% 78.15% 69.34%
Debt to EBITDA		 0.00 -0.14 -0.01 -0.80 -1.63 -2.60 -9.77
Net Debt to EBITDA		 0.00 6.85 8.43 4.44 4.21 3.11 4.19
Long-Term Debt to EBITDA		 0.00 -0.14 -0.01 -0.80 -1.63 -2.60 -9.77
Debt to NOPAT		 0.00 -0.17 -0.01 -1.02 -1.83 -2.09 -4.30
Net Debt to NOPAT		 0.00 8.04 10.77 5.67 4.72 2.50 1.84
Long-Term Debt to NOPAT		 0.00 -0.17 -0.01 -1.02 -1.83 -2.09 -4.30
Altman Z-Score		 0.00 1.56 4.41 1.90 3.19 3.90 1.32
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - -
Current Ratio		 0.00 2.13 2.03 2.17 2.12 1.56 1.60
Quick Ratio		 0.00 2.08 2.00 2.14 2.08 1.52 1.54
Cash Flow Metrics		 - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -26 -33 -162 -158 -192 -100
Operating Cash Flow to CapEx		 -1,099.04% 116.69% 607.96% -321.32% -63.49% 324.42% 175.20%
Free Cash Flow to Firm to Interest Expense		 0.00 -41.39 -41.99 -165.55 -101.23 -45.14 -10.34
Operating Cash Flow to Interest Expense		 0.00 16.38 109.07 -76.79 -11.43 15.41 8.13
Operating Cash Flow Less CapEx to Interest Expense		 0.00 2.34 91.13 -100.69 -29.43 10.66 3.49
Efficiency Ratios		 - - - - - - -
Asset Turnover		 0.00 0.52 0.52 0.44 0.52 0.67 0.73
Accounts Receivable Turnover		 0.00 2.00 2.19 2.15 2.89 3.83 4.15
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 42.42 72.94 79.34 90.56 101.60 74.19
Accounts Payable Turnover		 0.00 0.74 0.75 0.66 0.78 0.93 0.98
Days Sales Outstanding (DSO)		 0.00 182.43 166.44 169.49 126.19 95.32 87.93
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 490.65 488.39 554.96 469.97 390.52 371.88
Cash Conversion Cycle (CCC)		 0.00 -308.23 -321.95 -385.47 -343.78 -295.20 -283.94
Capital & Investment Metrics		 - - - - - - -
Invested Capital		 0.00 -2.25 -23 65 160 293 348
Invested Capital Turnover		 0.00 -184.96 -28.19 20.38 4.28 2.81 2.37
Increase / (Decrease) in Invested Capital		 0.00 -2.25 -21 88 96 133 55
Enterprise Value (EV)		 0.00 551 2,352 878 2,149 3,474 1,299
Market Capitalization		 414 414 2,931 1,299 2,446 3,621 1,381
Book Value per Share		 $0.00 ($6.47) $3.57 $3.07 $2.83 $2.62 $2.50
Tangible Book Value per Share		 $0.00 ($8.01) $2.95 $2.37 $1.63 $0.60 $0.48
Total Capital		 0.00 -135 557 561 572 563 620
Total Debt		 0.00 4.83 0.50 76 115 123 190
Total Long-Term Debt		 0.00 4.83 0.50 76 115 123 190
Net Debt		 0.00 -229 -579 -421 -296 -147 -81
Capital Expenditures (CapEx)		 6.59 8.89 14 23 28 20 45
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -46 -146 -90 -38 -58 -19
Debt-free Net Working Capital (DFNWC)		 0.00 188 434 407 373 212 253
Net Working Capital (NWC)		 0.00 188 434 407 373 212 253
Net Nonoperating Expense (NNE)		 22 13 24 28 12 21 22
Net Nonoperating Obligations (NNO)		 0.00 137 -579 -421 -296 -147 -81
Total Depreciation and Amortization (D&A)		 1.84 7.24 8.75 11 19 37 44
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -22.09% -40.66% -21.38% -7.97% -9.11% -2.48%
Debt-free Net Working Capital to Revenue		 0.00% 90.09% 121.10% 96.45% 77.50% 33.28% 33.26%
Net Working Capital to Revenue		 0.00% 90.09% 121.10% 96.45% 77.50% 33.28% 33.26%
Earnings Adjustments		 - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($0.62) ($0.65) ($0.47) ($0.48) ($0.39)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 156.27M 156.99M 159.95M 164.85M 170.58M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($0.62) ($0.65) ($0.47) ($0.48) ($0.39)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 156.27M 156.99M 159.95M 164.85M 170.58M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 ($0.62) $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 125.33M 158.80M 163.89M 168.77M 174.07M
Normalized Net Operating Profit after Tax (NOPAT)		 -55 -28 -54 -74 -63 -59 -44
Normalized NOPAT Margin		 -51.94% -13.66% -15.00% -17.64% -13.04% -9.24% -5.82%
Pre Tax Income Margin		 -72.24% -19.45% -21.61% -24.22% -15.53% -12.40% -8.53%
Debt Service Ratios		 - - - - - - -
EBIT to Interest Expense		 0.00 -64.21 -99.05 -108.49 -57.30 -19.82 -6.57
NOPAT to Interest Expense		 0.00 -44.95 -68.75 -75.94 -40.11 -13.87 -4.60
EBIT Less CapEx to Interest Expense		 0.00 -78.25 -116.99 -132.39 -75.30 -24.57 -11.21
NOPAT Less CapEx to Interest Expense		 0.00 -58.99 -86.69 -99.84 -58.11 -18.62 -9.24
Payout Ratios		 - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% -3.54% -5.34% -21.29% -34.04% -40.62%

Quarterly Metrics And Ratios for ACV Auctions

This table displays calculated financial ratios and metrics derived from ACV Auctions' official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 174,071,580.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 174,071,580.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - -0.06
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.90% 20.83% 21.79% 29.31% 43.96% 34.75% 25.40% 20.59% 16.48% 15.13% 11.77%
EBITDA Growth		 21.75% 17.56% 15.58% 38.46% 57.15% 22.36% 73.48% 137.98% -72.86% 57.70% 168.73%
EBIT Growth		 11.17% 1.92% -8.13% 5.81% 23.10% 3.62% 35.85% 61.40% -38.38% 30.82% 36.09%
NOPAT Growth		 11.17% 1.92% -8.13% 5.81% 23.10% 3.62% 35.94% 61.40% -38.38% 30.82% 36.00%
Net Income Growth		 22.94% 5.20% -12.48% -9.50% 12.11% -12.46% 27.62% 57.23% -52.63% 25.16% 26.49%
EPS Growth		 26.67% 0.00% -18.18% 0.00% 9.09% 0.00% 30.77% 60.00% -40.00% 20.00% 33.33%
Operating Cash Flow Growth		 -434.82% -19,873.13% -0.01% 123.01% 243.27% 87.85% 55.03% 203.70% -51.47% -283.97% 14.84%
Free Cash Flow Firm Growth		 35.61% -7.07% -485.79% -1,010.95% -146.07% -31.80% 84.27% 82.12% 58.77% 55.05% 1.21%
Invested Capital Growth		 82.14% 148.19% 378.35% 264.88% 132.63% 82.84% 9.29% 12.06% 19.39% 18.87% 9.72%
Revenue Q/Q Growth		 -4.19% -0.54% 23.07% 10.25% 6.66% -6.90% 14.53% 6.02% 3.02% -7.98% 11.19%
EBITDA Q/Q Growth		 -8.44% -15.63% 25.96% 33.71% 24.50% -109.51% 74.71% 194.93% -443.67% 48.74% 141.10%
EBIT Q/Q Growth		 -12.62% -20.10% 15.84% 17.25% 8.06% -50.52% 43.98% 50.21% -229.63% 24.75% 48.25%
NOPAT Q/Q Growth		 -12.62% -20.10% 15.84% 17.25% 8.06% -50.52% 44.06% 50.14% -229.63% 24.75% 48.25%
Net Income Q/Q Growth		 -17.05% -27.43% 11.92% 16.65% 6.06% -63.06% 43.31% 50.75% -235.23% 20.05% 44.32%
EPS Q/Q Growth		 -10.00% -36.36% 13.33% 23.08% 0.00% -50.00% 40.00% 55.56% -250.00% 14.29% 50.00%
Operating Cash Flow Q/Q Growth		 24.86% -79.69% 262.19% -89.49% 367.78% -115.24% 2,169.71% -79.41% -25.24% -220.55% 719.01%
Free Cash Flow Firm Q/Q Growth		 -245.01% -62.13% -80.99% -9.74% 23.58% 13.16% 78.41% -24.76% -76.22% 5.30% 52.55%
Invested Capital Q/Q Growth		 50.73% 31.47% 50.94% 21.99% -3.90% 3.33% -9.78% 25.09% 2.38% 2.88% -16.72%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 49.26% 48.77% 52.98% 50.93% 52.58% 52.43% 54.36% 52.90% 53.42% 48.90% 51.61%
EBITDA Margin		 -14.45% -16.80% -10.11% -6.08% -4.30% -9.68% -2.14% 1.91% -6.38% -3.56% 1.31%
Operating Margin		 -18.73% -22.61% -15.46% -11.61% -10.00% -16.17% -7.90% -3.71% -11.88% -9.72% -4.52%
EBIT Margin		 -18.73% -22.61% -15.46% -11.61% -10.00% -16.17% -7.91% -3.71% -11.88% -9.72% -4.52%
Profit (Net Income) Margin		 -15.32% -19.63% -14.05% -10.62% -9.36% -16.39% -8.11% -3.77% -12.26% -10.65% -5.33%
Tax Burden Percent		 100.01% 100.51% 102.20% 100.86% 99.15% 100.93% 102.53% 99.58% 102.01% 102.74% 105.11%
Interest Burden Percent		 81.83% 86.39% 88.92% 90.76% 94.32% 100.38% 100.00% 101.86% 101.12% 106.68% 112.19%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 -64.01% -67.78% -37.56% -23.51% -20.59% -31.84% -14.73% -5.88% -19.68% -16.12% -8.92%
ROIC Less NNEP Spread (ROIC-NNEP)		 -63.33% -66.53% -36.11% -22.07% -19.04% -28.20% -12.32% -4.27% -13.83% -9.94% -6.13%
Return on Net Nonoperating Assets (RNNOA)		 50.95% 50.66% 24.87% 13.19% 10.68% 13.95% 5.38% 1.32% 4.17% 2.61% 2.23%
Return on Equity (ROE)		 -13.06% -17.12% -12.69% -10.32% -9.91% -17.89% -9.35% -4.56% -15.51% -13.51% -6.70%
Cash Return on Invested Capital (CROIC)		 -125.13% -140.98% -174.59% -147.57% -109.13% -84.56% -29.90% -25.83% -33.69% -31.05% -23.92%
Operating Return on Assets (OROA)		 -9.28% -11.84% -7.69% -6.48% -5.98% -10.81% -4.85% -2.44% -7.94% -7.13% -2.96%
Return on Assets (ROA)		 -7.60% -10.28% -6.99% -5.93% -5.59% -10.95% -4.98% -2.48% -8.19% -7.82% -3.49%
Return on Common Equity (ROCE)		 -13.06% -17.12% -12.69% -10.32% -9.91% -17.89% -9.35% -4.56% -15.51% -13.51% -6.70%
Return on Equity Simple (ROE_SIMPLE)		 -16.39% 0.00% -16.92% -17.27% -16.84% 0.00% -16.85% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -16 -19 -16 -13 -12 -18 -10 -5.04 -17 -12 -6.47
NOPAT Margin		 -13.11% -15.83% -10.82% -8.12% -7.00% -11.32% -5.53% -2.60% -8.32% -6.80% -3.17%
Net Nonoperating Expense Percent (NNEP)		 -0.68% -1.26% -1.45% -1.44% -1.56% -3.64% -2.41% -1.61% -5.85% -6.18% -2.80%
Return On Investment Capital (ROIC_SIMPLE)		 - -3.28% - - - -3.21% -1.67% -0.79% -2.54% -2.02% -1.02%
Cost of Revenue to Revenue		 50.74% 51.23% 47.02% 49.07% 47.42% 47.57% 45.64% 47.10% 46.58% 51.10% 48.39%
SG&A Expenses to Revenue		 34.28% 36.10% 36.96% 32.32% 32.09% 35.54% 32.30% 27.35% 36.49% 27.32% 27.54%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 67.98% 71.38% 68.44% 62.54% 62.59% 68.60% 62.26% 56.62% 65.30% 58.62% 56.14%
Earnings before Interest and Taxes (EBIT)		 -22 -27 -23 -19 -17 -26 -14 -7.20 -24 -18 -9.24
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -17 -20 -15 -9.76 -7.37 -15 -3.91 3.71 -13 -6.53 2.68
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 5.22 5.36 6.61 6.58 7.42 8.23 5.41 6.18 3.93 3.21 1.71
Price to Tangible Book Value (P/TBV)		 8.23 9.29 20.10 25.81 15.97 36.16 12.78 26.87 19.41 16.64 4.53
Price to Revenue (P/Rev)		 5.30 5.08 5.97 5.54 5.68 5.68 3.53 3.92 2.32 1.82 0.94
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 17.19 13.42 11.64 9.66 11.34 11.86 8.34 8.04 4.76 3.73 2.06
Enterprise Value to Revenue (EV/Rev)		 4.55 4.47 5.55 5.24 5.39 5.45 3.27 3.76 2.19 1.71 0.76
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 239.57 0.00 0.00 456.03 76.30 53.12 24.74 27.04 18.42 16.61 6.78
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.22 0.25 0.27 0.24 0.25 0.28 0.38 0.42 0.51 0.44 0.46
Long-Term Debt to Equity		 0.22 0.25 0.27 0.24 0.25 0.28 0.38 0.42 0.51 0.44 0.46
Financial Leverage		 -0.80 -0.76 -0.69 -0.60 -0.56 -0.49 -0.44 -0.31 -0.30 -0.26 -0.36
Leverage Ratio		 1.92 1.95 2.17 2.09 2.16 2.13 2.45 2.37 2.47 2.38 2.74
Compound Leverage Factor		 1.58 1.69 1.93 1.89 2.04 2.14 2.45 2.42 2.50 2.54 3.08
Debt to Total Capital		 18.35% 20.12% 21.43% 19.38% 20.13% 21.85% 27.47% 29.36% 33.62% 30.66% 31.70%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 18.35% 20.12% 21.43% 19.38% 20.13% 21.85% 27.47% 29.36% 33.62% 30.66% 31.70%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 81.65% 79.88% 78.57% 80.62% 79.87% 78.15% 72.53% 70.64% 66.38% 69.34% 68.30%
Debt to EBITDA		 -1.41 -1.63 -1.85 -1.79 -2.22 -2.60 -4.57 -8.11 -7.76 -9.77 -15.53
Net Debt to EBITDA		 4.63 4.21 3.20 2.64 3.34 3.11 4.81 5.14 3.39 4.19 10.94
Long-Term Debt to EBITDA		 -1.41 -1.63 -1.85 -1.79 -2.22 -2.60 -4.57 -8.11 -7.76 -9.77 -15.53
Debt to NOPAT		 -1.66 -1.83 -1.95 -1.74 -1.93 -2.09 -3.13 -4.13 -4.42 -4.30 -4.93
Net Debt to NOPAT		 5.47 4.72 3.38 2.58 2.90 2.50 3.29 2.62 1.93 1.84 3.47
Long-Term Debt to NOPAT		 -1.66 -1.83 -1.95 -1.74 -1.93 -2.09 -3.13 -4.13 -4.42 -4.30 -4.93
Altman Z-Score		 3.27 3.42 3.23 3.35 3.64 4.10 2.18 2.66 1.60 1.45 0.76
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.02 2.12 1.62 1.49 1.51 1.56 1.50 1.60 1.62 1.60 1.47
Quick Ratio		 1.97 2.08 1.59 1.46 1.47 1.52 1.46 1.56 1.56 1.54 1.43
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -71 -114 -207 -227 -174 -151 -33 -41 -72 -68 -32
Operating Cash Flow to CapEx		 -206.77% -361.33% 500.41% 49.41% 247.22% -40.39% 661.15% 113.72% 89.11% -112.26% 669.09%
Free Cash Flow to Firm to Interest Expense		 -160.71 -317.74 -386.96 -374.88 -161.19 -74.42 -17.05 -17.77 -28.83 -23.05 -11.40
Operating Cash Flow to Interest Expense		 -33.59 -73.60 80.33 7.45 19.61 -1.59 34.88 6.00 4.13 -4.20 27.13
Operating Cash Flow Less CapEx to Interest Expense		 -49.83 -93.97 64.27 -7.63 11.68 -5.52 29.61 0.72 -0.50 -7.95 23.08
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.50 0.52 0.50 0.56 0.60 0.67 0.61 0.66 0.67 0.73 0.65
Accounts Receivable Turnover		 2.86 2.89 2.48 3.08 3.20 3.83 2.91 3.38 3.48 4.15 3.05
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 84.16 90.56 75.37 83.59 91.00 101.60 82.36 80.25 74.78 74.19 70.62
Accounts Payable Turnover		 0.74 0.78 0.65 0.78 0.80 0.93 0.74 0.83 0.83 0.98 0.76
Days Sales Outstanding (DSO)		 127.60 126.19 146.95 118.35 114.07 95.32 125.32 107.98 104.88 87.93 119.75
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 491.14 469.97 562.75 467.65 456.78 390.52 493.51 439.30 438.23 371.88 482.83
Cash Conversion Cycle (CCC)		 -363.54 -343.78 -415.80 -349.30 -342.71 -295.20 -368.18 -331.33 -333.35 -283.94 -363.09
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 122 160 242 295 283 293 264 331 338 348 290
Invested Capital Turnover		 4.88 4.28 3.47 2.89 2.94 2.81 2.66 2.26 2.37 2.37 2.82
Increase / (Decrease) in Invested Capital		 55 96 191 214 162 133 22 36 55 55 26
Enterprise Value (EV)		 2,095 2,149 2,814 2,850 3,214 3,474 2,203 2,656 1,610 1,299 597
Market Capitalization		 2,440 2,446 3,030 3,013 3,387 3,621 2,378 2,775 1,706 1,381 738
Book Value per Share		 $2.91 $2.83 $2.81 $2.77 $2.74 $2.62 $2.60 $2.62 $2.52 $2.50 $2.48
Tangible Book Value per Share		 $1.84 $1.63 $0.93 $0.71 $1.27 $0.60 $1.10 $0.60 $0.51 $0.48 $0.94
Total Capital		 572 572 583 568 571 563 606 635 654 620 631
Total Debt		 105 115 125 110 115 123 167 187 220 190 200
Total Long-Term Debt		 105 115 125 110 115 123 167 187 220 190 200
Net Debt		 -345 -296 -216 -163 -173 -147 -175 -118 -96 -81 -141
Capital Expenditures (CapEx)		 7.13 7.33 8.59 9.14 8.55 7.97 10 12 12 11 11
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 -76 -38 -75 -71 -71 -58 -89 -29 -25 -19 -77
Debt-free Net Working Capital (DFNWC)		 374 373 266 202 217 212 253 275 291 253 264
Net Working Capital (NWC)		 374 373 266 202 217 212 253 275 291 253 264
Net Nonoperating Expense (NNE)		 2.64 4.50 4.70 4.01 4.03 8.08 4.72 2.26 7.86 7.07 4.43
Net Nonoperating Obligations (NNO)		 -345 -296 -216 -163 -173 -147 -175 -118 -96 -81 -141
Total Depreciation and Amortization (D&A)		 5.09 6.88 7.80 8.88 9.77 10 11 11 11 11 12
Debt-free, Cash-free Net Working Capital to Revenue		 -16.47% -7.97% -14.85% -13.00% -11.87% -9.11% -13.20% -4.16% -3.43% -2.48% -9.86%
Debt-free Net Working Capital to Revenue		 81.24% 77.50% 52.47% 37.14% 36.41% 33.28% 37.50% 38.92% 39.54% 33.26% 33.79%
Net Working Capital to Revenue		 81.24% 77.50% 52.47% 37.14% 36.41% 33.28% 37.50% 38.92% 39.54% 33.26% 33.79%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.11) ($0.15) ($0.13) ($0.10) ($0.10) ($0.15) ($0.09) ($0.04) ($0.14) ($0.12) ($0.06)
Adjusted Weighted Average Basic Shares Outstanding		 160.43M 159.95M 162.89M 164.38M 165.72M 164.85M 168.35M 170.47M 171.35M 170.58M 173.36M
Adjusted Diluted Earnings per Share		 ($0.11) ($0.15) ($0.13) ($0.10) ($0.10) ($0.15) ($0.09) ($0.04) ($0.14) ($0.12) ($0.06)
Adjusted Weighted Average Diluted Shares Outstanding		 160.43M 159.95M 162.89M 164.38M 165.72M 164.85M 168.35M 170.47M 171.35M 170.58M 173.36M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 161.44M 163.89M 165.09M 166.59M 167.64M 168.77M 171.06M 172.11M 172.17M 174.07M 174.58M
Normalized Net Operating Profit after Tax (NOPAT)		 -16 -19 -16 -13 -12 -18 -10 -5.04 -17 -12 -6.47
Normalized NOPAT Margin		 -13.11% -15.83% -10.82% -8.12% -7.00% -11.32% -5.53% -2.60% -8.32% -6.80% -3.17%
Pre Tax Income Margin		 -15.32% -19.53% -13.75% -10.53% -9.44% -16.23% -7.91% -3.78% -12.02% -10.37% -5.07%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 -50.77 -74.35 -42.11 -30.76 -15.91 -12.73 -7.57 -3.15 -9.55 -6.07 -3.28
NOPAT to Interest Expense		 -35.54 -52.05 -29.47 -21.53 -11.14 -8.91 -5.29 -2.20 -6.69 -4.25 -2.29
EBIT Less CapEx to Interest Expense		 -67.01 -94.72 -58.16 -45.84 -23.85 -16.67 -12.84 -8.42 -14.19 -9.81 -7.33
NOPAT Less CapEx to Interest Expense		 -51.78 -72.41 -45.53 -36.61 -19.07 -12.85 -10.56 -7.48 -11.32 -7.99 -6.35
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -17.33% -21.29% -25.15% -28.48% -31.62% -34.04% -43.01% -49.25% -42.75% -40.62% -28.67%

Financials Breakdown Chart

Key Financial Trends

ACV Auctions (NYSE: ACVA) showed solid top-line growth in Q1 2026, but profitability remains pressured. Revenue rose to $204.2 million from $183.6 million in Q4 2025 and $182.7 million in Q1 2025, continuing a multiyear trend of steady sales expansion. However, the company still posted an operating loss of $9.2 million and a net loss of $10.9 million in the quarter.

Profitability improved from the prior quarter and from a year ago, but ACVA is still not consistently in the black. Gross profit in Q1 2026 was $105.4 million, with gross margin of roughly 51.6%, up from about 48.9% in Q4 2025 and 52.0% in Q1 2025. Operating expenses were well above gross profit, largely because of sizable other operating expenses, keeping the company in the red.

Cash generation remains a bright spot. ACV produced $76.5 million in operating cash flow in Q1 2026, a strong improvement from -$12.4 million in Q4 2025 and up from $66.6 million in Q1 2025. That indicates the business can still convert earnings into cash even while reporting accounting losses.

The balance sheet looks fairly liquid, but leverage is meaningful. As of March 31, 2026, ACVA had $341.0 million in cash and equivalents, $824.3 million in current assets, and $1.24 billion in total assets. Total liabilities were $804.5 million, including $200.0 million of long-term debt. Total common equity stood at $430.9 million.

Here are the main takeaways for investors:

  • Revenue growth remains intact, with Q1 2026 revenue up about 11% from Q4 2025 and up modestly from Q1 2025.
  • Operating cash flow was strong at $76.5 million, signaling healthy underlying cash generation.
  • Cash and equivalents of $341.0 million provide a sizable liquidity cushion.
  • Gross profit improved year over year, suggesting the core business is still scaling.
  • ACVA still relies on debt financing; Q1 2026 included $85.0 million of debt issuance and $75.0 million of repayments.
  • Shares outstanding remain elevated, with weighted average diluted shares at 173.4 million in Q1 2026 versus 168.3 million in Q1 2024, which can limit per-share earnings growth.
  • The company remains unprofitable, with a net loss of $10.9 million in Q1 2026.
  • Operating expenses exceeded gross profit, keeping operating income negative at $9.2 million.
  • Other operating expenses remain high and continue to be the largest drag on profitability.
  • Current liabilities are heavy, including $526.6 million in accounts payable and $560.4 million in total current liabilities, which investors should monitor closely.

Over the longer term, ACV Auctions has clearly grown its business. Quarterly revenue has climbed from $119.6 million in Q1 2023 to $204.2 million in Q1 2026. The bigger issue is that expenses have also grown, and the company has not yet turned that revenue growth into sustained profitability. For retail investors, ACVA looks like a company with improving scale and decent liquidity, but one that still needs meaningful margin expansion before the earnings story becomes stronger.

06/03/26 06:09 PM ETAI Generated. May Contain Errors.

ACV Auctions Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ACV Auctions' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

The last 5 years of ACV Auctions' net income performance:
  • 2021: -$78.18 million
  • 2022: -$102.19 million
  • 2023: -$75.26 million
  • 2024: -$79.70 million
  • 2025: -$66.14 million
Find out what analysts predict for ACV Auctions in the coming months.

ACV Auctions' total operating income in 2025 was -$63.19 million, based on the following breakdown:
  • Total Gross Profit: $398.20 million
  • Total Operating Expenses: $461.39 million

Over the last 6 years, ACV Auctions' total revenue changed from $106.85 million in 2019 to $759.61 million in 2025, a change of 610.9%.

ACV Auctions' total liabilities were at $655.93 million at the end of 2025, a 20.5% increase from 2024, and a 268.7% increase since 2020.

In the past 5 years, ACV Auctions' cash and equivalents has ranged from $182.57 million in 2023 to $565.99 million in 2021, and is currently $271.50 million as of their latest financial filing in 2025.

Over the last 6 years, ACV Auctions' book value per share changed from 0.00 in 2019 to 2.50 in 2025, a change of 249.6%.


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Financial statements for NYSE:ACVA last updated on 5/9/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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