FINHUB Insights

CVNA · Q1 FY26 · Mar 31, 2026

Carvana Q1 FY26: where the revenue came from and where it went

Carvana Q1 FY26: revenue $6.4B (+52% year over year). Net profit $0.3B. Largest cohort Used Vehicle Sales $4.8B. The whole income statement as a sankey diagram from the SEC filing.

Period
Mar 31, 2026
Reported
Apr 29, 2026 10-Q
Sankey diagram of Carvana's income statement for Q1 FY26: revenue of $6.4 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$6.4B +52% year over year
Gross profit$1.3B 20% margin
Operating profit$0.6B 9% margin
Net profit$0.3B 4% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
ItemValueShare of revenueYear over year
Revenue 6.4 100% +52%
Used Vehicle Sales 4.8 75% +62%
Wholesale Sales and 1.1 17% +25%
Product and Service Other 0.5 8% +35%
Cost of revenue−5.281%
Gross profit1.320% margin−2pp
SG&A−0.711%−2pp
Operating profit0.69% margin+0pp
Interest & other costs−0.3
Net profit0.34%−1pp
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