ACV Auctions Inc.
Business
ACV Auctions Inc. operates a digital marketplace platform for wholesale vehicle transactions, connecting dealers and commercial partners to buy, sell, and value used vehicles. The company offers core auction services, data services including vehicle inspection reports and pricing intelligence, and value-added services such as transportation financing and customer assurance. The platform operates nationwide through a digital marketplace, physical remarketing centers, and integrated technology tools that support the entire used-vehicle transaction lifecycle.
Summary from 10-K filed 2026-02-23
Financials
Consolidated Statement of Income
| Concept | Trend | 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
| Concept | Trend | 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
| Concept | Trend | 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
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is ACV Auctions Inc.'s CIK number?
ACV Auctions Inc.'s SEC CIK number is 0001637873 (1637873). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find ACV Auctions Inc.'s SEC filings?
All of ACV Auctions Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did ACV Auctions Inc. last report earnings?
ACV Auctions Inc. (ACVA) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001637873-26-000019). This is ACV Auctions Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is ACV Auctions Inc.'s most recent earnings 8-K?
ACV Auctions Inc.'s latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001637873-26-000019. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View ACV Auctions Inc.'s latest earnings 8-K →
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