FINHUB Insights

CVNA · Q2 FY25 · Apr 1 – Jun 30, 2025

Carvana Q2 FY25: where the revenue came from and where it went

Carvana Q2 FY25: revenue $4.8B (+42% year over year). Net profit $0.2B. Largest cohort Used Vehicle Sales $3.4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Apr 1 – Jun 30, 2025
Reported
Jul 30, 2025 10-Q
Sankey diagram of Carvana's income statement for Q2 FY25: revenue of $4.8 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$4.8B +42% year over year
Gross profit$1.1B 22% margin
Operating profit$0.5B 11% margin
Net profit$0.2B 4% margin

The numbers

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
ItemValueShare of revenueYear over year
Revenue 4.8 100% +42%
Used Vehicle Sales 3.4 71% +41%
Wholesale Sales and 1 21% +42%
Product and Service Other 0.4 8% +47%
Cost of revenue−3.879%
Gross profit1.122% margin+1pp
SG&A−0.611%−2pp
Operating profit0.511% margin+3pp
Interest & other costs−0.3
Net profit0.24%+3pp
Filing on EDGAR More quarters of CVNA

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

Older quarters