Cars.com Inc.

Listed Company

CARSCIK 0001683606NYSELarge AcceleratedServices-Computer Processing & Data PreparationDelawareFY ends Dec 31

Period

FY 2025

Revenue

$723.24M

Net Income

$20.05M

Total Assets

$1.06B

Equity

$472.53M

Shares Out

58.64M

Op. Cash Flow

$151.64M

Business

Cars.com Inc. is an audience-driven technology company that empowers the automotive industry by simplifying car buying and selling through integrated digital platforms. It offers an automotive marketplace, digital retail and website solutions, trade-in and appraisal technology, and an automotive commerce media network. The business is organized around four brands—Cars.com marketplace, Dealer Inspire digital experience, AccuTrade trade and appraisal, and Cars Commerce Media Network—providing interconnected products and services. Cars.com distributes its solutions to dealers, OEMs and consumers across the U.S. and Canada through web, mobile and media channels.

Summary from filing dated 2025-02-27

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	723	719	689	654	624
Cost of revenue and operations	123	124	122	115	114
Product and technology	117	118	102	89	77
Marketing and sales	239	232	237	222	208
General and administrative	91	84	73	68	74
Depreciation and amortization	92	107	101	94	102
Total operating expenses	663	666	635	588	575
Operating income	60	53	54	66	48
Interest expense, net	−30	−32	−32	−35	−39
Other income (expense), net	4	41	−4	−8	−126,000
Total nonoperating (expense) income, net	−26	8	−36	−43	−39
Income before income taxes	34	62	18	23	9
Income tax expense (benefit)	14	14	−100	5	−1
Net income	20	48	118	17	11
Basic (shares)	62	66	67	68	69
Diluted (shares)	63	67	68	70	71
Basic (per share)	0.32	0.73	1.77	0.25	0.16
Diluted (per share)	0.32	0.72	1.74	0.25	0.15

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	56	51	39	32	39
Accounts receivable, net	132	134	125	108	99
Prepaid expenses	15	14	13	8	8
Other current assets	8	16	1	605,000	2
Total current assets	212	214	178	149	147
Property and equipment, net	35	41	44	45	43
Goodwill	167	143	147	103	26
Intangible assets, net	527	586	669	707	769
Deferred tax assets, net	89	101	113	48,000	—
Investments and other assets, net	33	27	21	21	21
Total assets	1,062	1,112	1,172	1,025	1,007
Accounts payable	28	33	22	18	15
Accrued compensation	38	36	32	19	24
Other accrued liabilities	48	47	69	54	46
Total current liabilities	113	117	146	106	94
Long-term debt, net	452	455	460	458	457
Deferred tax liabilities, net	6	7	9	1	31
Other noncurrent liabilities	19	21	66	75	58
Total noncurrent liabilities	477	483	535	534	515
Total liabilities	590	600	680	640	609
Commitments and contingencies	—	—	—	—	—
Preferred Stock at par, $0.01 par value; 5,000 shares authorized; no shares issued and outstanding as of December 31, 2025 and 2024, respectively	0	0	0	0	0
Common Stock at par, $0.01 par value; 300,000 shares authorized; 58,636 and 64,391 shares issued and outstanding as of December 31, 2025 and 2024, respectively	586,000	643,000	659,000	662,000	692,000
Additional paid-in capital	1,414	1,474	1,500	1,512	1,545
Accumulated deficit	−941	−962	−1,010	−1,128	−1,145
Accumulated other comprehensive loss	−556,000	−2	951,000	0	−2
Total stockholders' equity	473	511	492	384	398
Total liabilities and stockholders' equity	1,062	1,112	1,172	1,025	1,007

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	29	27	22	16	16
Amortization of intangible assets	63	81	79	78	86
Stock-based compensation	31	31	28	22	21
Deferred income taxes	11	12	−114	1	−3
Provision for doubtful accounts	2	3	3	2	164,000
Amortization of debt issuance costs	2	2	3	3	3
Unrealized (gain) loss on foreign currency denominated transactions	−2	4	−2	0	0
Changes in fair value of contingent consideration	0	−33	6	8	0
Gain on sale of equity investment	0	−11	0	0	—
Other, net	2	662,000	143,000	1	1
Accounts receivable	601,000	−12	−16	−9	−5
Prepaid expenses and other assets	−2	−5	−5	−423,000	6
Accounts payable	−6	11	4	3	−1
Accrued compensation	880,000	5	12	−4	5
Other liabilities	−714,000	−10	−1	−8	−9
Net cash provided by operating activities	152	153	137	129	138
Payments for acquisitions, net of cash acquired	−25	−216,000	−76	−65	−20
Capitalization of internally developed technology	−22	−21	−20	−18	−18
Purchase of property and equipment	−4	−3	−1	−2	−1
Proceeds from sale of equity investment	9	0	0	—	—
Purchase of convertible note receivable	−8	0	0	—	—
Net cash used in investing activities	−49	−25	−97	−84	−39
Proceeds from Revolving Loan borrowings	10	0	45	45	0
Payments of Revolving Loan borrowings and long-term debt	−15	−30	−36	−41	−120
Payments for stock-based compensation plans, net	−5	−7	−9	−6	−7
Repurchases of common stock	−87	−49	−31	−49	0
Payments of contingent consideration	0	−27	0	0	—
Payments of debt issuance costs and other fees	0	−2	0	0	−9,000
Net cash used in financing activities	−97	−116	−32	−51	−127
Effect of exchange rate changes on Cash and cash equivalents	−55,000	−494,000	−439,000	0	0
Net increase in Cash and cash equivalents	6	11	7	−7	−29
Cash paid for income taxes	3	6	18	545,000	−8
Cash paid for interest	30	33	30	33	38

Filings

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