FINHUB Insights

CVNA · Q3 FY25 · Jul 1 – Sep 30, 2025

Carvana Q3 FY25: where the revenue came from and where it went

Carvana Q3 FY25: revenue $5.6B (+55% year over year). Net profit $0.2B. Largest cohort Used Vehicle Sales $4B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jul 1 – Sep 30, 2025
Reported
Oct 29, 2025 10-Q
Sankey diagram of Carvana's income statement for Q3 FY25: revenue of $5.6 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$5.6B +55% year over year
Gross profit$1.1B 20% margin
Operating profit$0.6B 10% margin
Net profit$0.2B 3% margin

The numbers

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
ItemValueShare of revenueYear over year
Revenue 5.6 100% +55%
Used Vehicle Sales 4 71% +57%
Wholesale Sales and 1.2 21% +50%
Product and Service Other 0.5 9% +45%
Cost of revenue−4.580%
Gross profit1.120% margin−2pp
SG&A−0.611%−2pp
Operating profit0.610% margin+1pp
Interest & other costs−0.4
Net profit0.23%+0pp
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.

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