ACV Auctions Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 7 fiscal years, taken from the XBRL data ACV Auctions Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	107	208	358	422	481	637	760
Selling, general and administrative	62.4	64.9	121	144	167	217	235
Selling and marketing	3.6	2.3	5	5.2	4.6	5.8	6.2
Operating expenses	186	249	435	528	571	721	823
Operating income	-79.3	-40.6	-76.8	-106	-89.7	-84.1	-63.2
Interest expense	0	0.63	0.78	0.98	1.57	4.24	9.62
Other non-operating income	2.09	0.12	-0.65	4.1	14.9	5.09	-1.61
Pre-tax income	-77.2	-40.5	-77.5	-102	-74.7	-79	-64.8
Income tax	0.03	0.49	0.72	0.09	0.53	0.69	1.34
Net income	-77.2	-41	-78.2	-102	-75.3	-79.7	-66.1
EBITDA	-77.4	-33.4	-68.1	-94.8	-70.4	-47.3	-19.4
EPS, basic	-4.20	-1.90	-0.62	-0.65	-0.47	-0.48	-0.39
EPS, diluted	-4.20	-1.90	-0.62	-0.65	-0.47	-0.48	-0.39
Shares, basic (weighted)	18.4	21.6	125	157	160	165	171
Shares, diluted (weighted)	18.4	21.6	125	157	160	165	171

Balance sheet

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	182	234	566	281	183	224	271
Short-term investments					229	46	0
Receivables		104	223	169	164	169	197
Other current assets		8.04	10.6	11.3	12.5	15.3	24.3
Total current assets		354	857	755	707	593	674
Property, plant and equipment		4.91	4.92	5.71	4.92	7.63	12.9
Lease right-of-use assets		2	3.26	4.41	16.9	41.4	46.4
Goodwill	16.1	21.8	78.8	91.8	103	180	184
Intangible assets		11.5	18.1	19.3	34.2	90.8	81
Other non-current assets		2.15	5.82	6.4	17.8	43.5	52.5
Total assets		405	983	915	923	984	1,086
Accounts payable		152	396	324	306	346	391
Accrued liabilities		8.11	12	10.1	12.2	16.7	9.31
Deferred revenue					4.2	4.5	5.6
Total current liabilities		167	423	348	334	381	421
Lease liabilities		1.32	2.05		15	37.3	41.8
Other non-current liabilities		5.05	3	5.48	17.5	40	45.1
Total liabilities		178	427	429	466	544	656
Total debt		4.83	0.5	75.5
Paid-in capital		27.3	801	837	881	945	997
Retained earnings		-167	-245	-347	-423	-502	-568
Other comprehensive income		-0.06	-0.04	-3.78	-1.53	-2.74	1.34
Shareholders' equity	-106	-140	556	486	457	440	430
Total equity	-106	-140	556	486	457	440	430
Total liabilities and equity		405	983	915	923	984	1,086
Shares outstanding							173

Cash flow statement

	FY2019	FY2021	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	-77.2	-41	-78.2	-102	-75.3	-79.7	-66.1
Depreciation and amortization	1.84	7.24	8.75	11.4	19.3	36.8	43.7
Stock-based compensation	1	5.71	23.2	39.3	49.6	68	56.9
Deferred income tax	0	0.38	0.21	-0.55	0	0.11	0.56
Change in receivables	-52	-29.2	-120	47.2	14.4	17.5	-31
Change in payables	46.4	66.2	243	-73.1	-34.6	16.2	46.8
Cash from operations	-72.5	10.4	85.3	-75.2	-17.9	65.4	78.2
Capital expenditures	-3.37	-3.5	-2.57	-3.21	-2.33	-4.54	-9.1
Acquisitions	-14.8	-5.5	-64.5	-18.9	-29.6	-156	0
Purchases of investments	0	0	-13.8	-270	-146	-36	-28.9
Sales and maturities of investments			0	67	136	88.7	26.4
Cash from investing	-24.7	-19.7	-129	-283	-111	-15.9	-74.1
Debt issued	0	6.79	5.25	275	420	492	424
Debt repaid	0	-1.98	-9.58	-200	-381	-484	-357
Stock issued	0.27	1.82	1.63	1.21	4.27	9.44	1.44
Cash from financing	162	60.8	376	72.9	30.6	-7.87	43
Exchange rate effect		0	0	-0.02	0.04	-0.17	0.28
Net change in cash	64.4	51.5	332	-285	-98.2	41.5	47.4
Free cash flow	-75.8	6.87	82.7	-78.4	-20.2	60.9	69.1
Interest paid	0	0.17	0.37	0.49	0.99	3.05	7.86
Income taxes paid	0.03	0.06	0.26	0.39	0.72	0.77	0.76

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $10.46 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	-7.1%	Operating income / revenue.
EBITDA margin	-1.3%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	-7.6%	Pre-tax income / revenue.
Net margin	-7.9%	Net income / revenue.
FCF margin	3.6%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	4.9%	Cash from operations / revenue.
Return on equity (ROE)	-16.2%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	-5.9%	Net income / average total assets.
Return on invested capital (ROIC)	-30.4%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
SG&A / revenue	29.1%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	6.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.2%	Capital expenditures / revenue.
D&A / revenue	5.8%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	19.2%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	21.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	29.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	19.6%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	49.8%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	13.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	58.7%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	-2.3%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-4.0%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y	10.3%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	5.9%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	21.8%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	3.5%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	2.8%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	51.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	1.52x	Current assets / current liabilities.
Quick ratio	1.04x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.55x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	63.9%	Total liabilities / total assets.
Interest coverage	-4.96x	Operating income / interest expense.
Working capital	$228.3M	Current assets - current liabilities.
Goodwill and intangibles / assets	16.9%	(Goodwill + intangible assets) / total assets.
Tangible book value	$207.0M	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.74x	Revenue / average total assets.
Fixed asset turnover	55.8x	Revenue / average property, plant and equipment.
Receivables turnover	3.71x	Revenue / average receivables.
Days sales outstanding	98 days	365 x average receivables / revenue.
Capex / operating cash flow	25.2%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	-$0.37	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$4.69	Revenue / diluted weighted shares.
FCF per share	$0.17	Free cash flow / diluted weighted shares.
Operating cash flow per share	$0.23	Cash from operations / diluted weighted shares.
Book value per share	$2.31	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$1.22	Tangible book value / shares outstanding.
Cash per share	$1.43	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$1.78B	Share price x shares outstanding.
Enterprise value	$1.53B	Market cap + total debt - cash - short-term investments.
P/S	2.22x	Market cap / revenue.
P/B	4.56x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	8.58x	Market cap / tangible book value, when positive.
P/FCF	61.0x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	45.7x	Market cap / cash from operations, when positive.
EV/Sales	1.91x	Enterprise value / revenue.
EV/FCF	52.7x	Enterprise value / free cash flow, when both are positive.
FCF yield	1.6%	Free cash flow / market cap.
Earnings yield	-3.6%	Net income / market cap (the inverse of P/E).

What was ACV Auctions Inc.'s revenue in fiscal 2025?

ACV Auctions Inc. reported revenue of $759.6M for fiscal 2025, 19.2% higher than the year before.

Was ACV Auctions Inc. profitable in fiscal 2025?

No. It reported a net loss of $66.1M.

How much free cash flow did ACV Auctions Inc. generate in fiscal 2025?

Cash from operations of $78.2M minus capital expenditures of $9.1M left free cash flow of $69.1M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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