ACV Auctions (ACVA) Financials

$5.74 +0.10 (+1.68%)

Closing price 03:59 PM Eastern

Extended Trading

$5.70 -0.04 (-0.75%)

As of 04:06 PM Eastern

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

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

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

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

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

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

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%

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 (ACVA) has shown some revenue growth and solid gross margins over the last several quarters, but continues to report quarterly net losses and rising leverage. Below are the top trends drawn from the last four years of quarterly statements, highlighting what may matter for investors.

Revenue trend and gross margins - Operating revenue rose from about $145.7M in Q1 2025 to roughly $199.6M in Q3 2025, with Total Gross Profit of about $106.6M in Q3 2025 (gross margin around 53%). In Q4 2025, revenue was about $183.6M with gross profit around $89.8M (gross margin near 49%).
Positive cash flow from operations in several 2025 quarters - Net cash from continuing operating activities was about $66.6M in Q1 2025, $13.7M in Q2 2025, and $10.3M in Q3 2025, before turning negative in Q4 2025 (approximately -$12.4M).
Debt financing provided liquidity - The company raised significant cash via debt in 2025: Issuance of debt around $70.0M in Q2 2025 and about $133.5M in Q3 2025, contributing to liquidity in those quarters.
Solid cash balance in 2025 - Cash and equivalents remained sizable, with examples such as about $291.9M in Q1 2025, $258.4M in Q2 2025, and $265.3M in Q3 2025, indicating a solid liquidity cushion despite losses.
Asset growth and balance sheet size - Total assets grew to roughly $1.16B by Q3 2025 from around $1.03B in Q3 2024, with total liabilities near $732M and total equity in the mid-$400Ms (approximately $434–$446M across 2025 quarters).
Persistent net losses amid improving gross profitability - Net income was negative in all recent quarters (e.g., Q4 2025 net income around -$19.6M; Q3 2025 around -$24.5M), reflecting ongoing costs (SG&A, depreciation) that exceed gross profit despite healthy gross margins.
Operating cash flow volatility - While 2025 showed positive operating cash flow in several quarters, cash from operations fluctuated and turned negative in Q4 2025, highlighting variability in working capital and non-cash items.
Investing cash outflows remain substantial - Net cash used in investing activities was negative in most quarters (e.g., Q4 2025 and Q3 2025), driven by continued capital expenditures and investments in PPE and securities.
Rising long-term debt and high leverage - Long-term debt rose to about $220M by Q3 2025 (vs. $186.5M in Q2 2025), contributing to higher leverage as the company funds operations and investments through debt.

05/14/26 04:07 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.

In the past 6 years, ACV Auctions' net income has ranged from -$102.19 million in 2022 to -$41.02 million in 2020, and is currently -$66.14 million as of their latest financial filing in 2025. Check out ACV Auctions' forecast to explore projected trends and price targets.

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%.

Related Companies

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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ACV Auctions (ACVA) Financials

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ACV Auctions (ACVA) Financials

Annual Income Statements for ACV Auctions

Quarterly Income Statements for ACV Auctions

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Quarterly Cash Flow Statements for ACV Auctions

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Quarterly Balance Sheets for ACV Auctions

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Quarterly Metrics And Ratios for ACV Auctions

Financials Breakdown Chart

Key Financial Trends

ACV Auctions Financials - Frequently Asked Questions

When does ACV Auctions' financial year end?

How has ACV Auctions' net income changed over the last 6 years?

What is ACV Auctions' operating income?

How has ACV Auctions' revenue changed over the last 6 years?

How much debt does ACV Auctions have?

How much cash does ACV Auctions have?

How has ACV Auctions' book value per share changed over the last 6 years?

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