ACV Auctions Inc.

Listed Company

ACVACIK 0001637873NYSELarge AcceleratedServices-Business Services, NecDelawareFY ends Dec 31

Period

FY 2025

Revenue

$759.61M

Net Income

$-66.14M

Total Assets

$1.09B

Equity

$429.68M

Shares Out

174.07M

Op. Cash Flow

$78.23M

Business

ACV Auctions Inc. operates a technology-driven wholesale vehicle marketplace that facilitates buying, selling, and valuation of used vehicles. It offers core products and services including online auctions, vehicle inspections and condition reports, transportation, short-term inventory financing (ACV Capital), customer assurance (Go Green), and inventory management and analytics tools. The company’s key business components include its digital marketplace, remarketing centers that support onsite and online auctions, and data services and technology platforms such as True360 Reports, ACV MAX, and sensor-driven inspection tools. It serves dealers and commercial partners across the United States through mobile apps, web interfaces, APIs, and physical remarketing centers.

Summary from filing dated 2025-02-19

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenue	760	637	481	422	358
Operations and technology	183	163	141	137	101
Selling, general, and administrative	235	217	167	144	121
Depreciation and amortization	44	37	19	11	8
Total operating expenses	823	721	571	528	435
Loss from operations	−63	−84	−90	−106	−77
Interest income	8	9	17	5	129,000
Interest expense	−10	−4	−2	−979,000	—
Total other (expense) income	−2	5	15	4	−653,000
Total loss before income taxes	−65	−79	−75	−102	−77
Provision for income taxes	1	688,000	526,000	87,000	724,000
Net loss	−66	−80	−75	−102	—
Weighted-average shares - basic (in shares)	171	165	160	157	125
Weighted-average shares - diluted (in shares)	171	165	160	157	125
Net loss per share - basic (in dollars per share)	−0.39	−0.48	−0.47	−0.65	−0.62
Net loss per share - diluted (in dollars per share)	−0.39	−0.48	−0.47	−0.65	−0.62

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	271	224	183	281	566
Marketable securities	0	46	229	—	—
Trade receivables (net of allowance of $3,829 and $6,372)	197	169	164	169	223
Finance receivables (net of allowance of $29,026 and $4,191)	180	139	119	78	44
Other current assets	24	15	13	11	11
Total current assets	674	593	707	755	857
Property and equipment (net of accumulated depreciation of $6,589 and $5,227)	13	8	5	6	5
Goodwill	184	180	103	92	79
Acquired intangible assets (net of amortization of $40,202 and $28,972)	81	91	34	19	18
Internal-use software costs (net of amortization of $67,874 and $38,499)	82	69	56	—	—
Other assets	53	43	18	6	6
Total assets	1,086	984	923	915	983
Accounts payable	391	346	306	324	396
Accrued payroll	9	17	12	10	12
Accrued other liabilities	21	19	16	15	15
Total current liabilities	421	381	334	348	423
Long-term debt	190	123	115	76	500,000
Other long-term liabilities	45	40	17	5	3
Total liabilities	656	544	466	429	427
Commitments and Contingencies (Note 8)	—	—	—	—	—
Preferred stock; $0.001 par value; 20,000 shares authorized; 0 and 0 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively	0	0	0	0	0
Additional paid-in capital	997	945	881	837	801
Accumulated deficit	−568	−502	−423	−347	−245
Accumulated other comprehensive income (loss)	1	−3	−2	−4	−40,000
Total stockholders' equity	430	440	457	486	556
Total liabilities and stockholders' equity	1,086	984	923	915	983

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation and amortization	44	37	19	11	9
Stock-based compensation expense, net of amounts capitalized	57	68	50	39	23
Provision for bad debt	34	10	11	11	5
Other non-cash, net	4	741,000	−1	−57,000	656,000
Trade receivables	−31	17	14	47	−120
Other operating assets	−11	−424,000	−310,000	−1	−3
Accounts payable	47	16	−35	−73	243
Other operating liabilities	916,000	−4	−500,000	−7	6
Net cash provided by (used in) operating activities	78	65	−18	−75	85
Net increase in finance receivables	−76	−22	−45	−38	−37
Purchases of property and equipment	−9	−5	−2	−3	−3
Proceeds from sale of real estate	0	14	0	0	—
Capitalization of software costs	−36	−30	−26	−20	−11
Purchases of marketable securities	−29	−36	−146	−270	−14
Maturities and redemptions of marketable securities	26	89	136	67	—
Sales of marketable securities	49	130	2	0	—
Acquisition of businesses (net of cash acquired)	0	−156	−30	−19	−65
Net cash used in investing activities	−74	−16	−111	−283	−129
Proceeds from long term debt	424	492	420	275	5
Payments towards long term debt	−357	−484	−381	−200	−10
Proceeds from exercise of stock options	1	9	4	1	2
Payments for debt issuance and other financing costs	−3	−2	0	0	−1
Payment of RSU tax withholdings in exchange for common shares surrendered by RSU holders	−27	−27	−16	−5	—
Proceeds from employee stock purchase plan	5	4	3	2	0
Other financing activities	0	−66,000	−169,000	0	0
Net cash provided by (used in) financing activities	43	−8	31	73	376
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	277,000	−166,000	43,000	−21,000	0
Net increase (decrease) in cash, cash equivalents, and restricted cash	47	41	−98	−285	332
Interest expense	8	3	989,000	493,000	368,000
Income taxes	764,000	769,000	715,000	388,000	261,000
Stock-based compensation included in capitalized software development costs	8	6	3	2	472,000

Filings

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