ACVA ACV Auctions Inc.

Overview and Growth

Fiscal 2025 results for ACV Auctions Inc. combined $759.61M of revenue with net loss of $66.14M and an operating cash inflow of $78.23M. The $759.61M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $637.16M in fiscal 2024, revenue recorded a 19.2% year-over-year increase. On a per-share basis, diluted EPS was -$0.39, which connects the reported earnings outcome with the company’s diluted share count. A diluted share base of 170.58M links the aggregate earnings figure to diluted EPS and helps frame the per-share comparison. At period end, total assets were $1.09B, framing the scale of the company’s operating and financing commitments. Asset turnover was 0.7x, relating the company’s annual revenue directly to the total assets reported at the period end.

Profitability

Operations produced a $63.19M operating loss before non-operating and tax effects. Relative to revenue, the operating deficit measured 8.3%, showing the shortfall after operating costs. The bottom-line result was a net loss of $66.14M after operating, financing, tax, and other recognized items. Net margin was -8.7%, reflecting a loss equal to 8.7% of reported revenue. The company reported negative EBITDA of $19.47M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. The company reported a pretax loss of $64.80M, before the effect of income taxes. Measured against revenue, the pretax deficit represented 8.5%. Income tax expense totaled $1.34M, providing the reported tax component that separates pretax and after-tax earnings. The net loss equaled 15.4% of period-end equity, showing the deficit relative to book capital. The loss-to-assets relationship was 6.1%, placing the bottom-line deficit against the company’s resource base. Compared with a $79.70M net loss in fiscal 2024, the current loss improved to $66.14M.

Liquidity and Capital Structure

The company held $1.09B of assets against $655.93M of liabilities and $429.68M of equity, revealing how the asset base was financed. The near-term balance sheet paired $673.50M of current assets with $420.85M of current liabilities at the reporting date. At 1.6x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Cash and equivalents totaled $271.50M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 64.5% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. Equity equaled 39.6% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 60.4%, complementing the separate equity-based view of the company’s capital structure. Cash and equivalents equaled 25.0% of total assets, showing the liquid cash component within the company’s broader resource base. The asset base changed 10.3% from $984.15M in fiscal 2024, leaving current total assets higher year over year. Book equity was 2.3% lower than fiscal 2024 equity of $440.00M, showing how shareholder capital changed year over year. The reported cash balance changed 21.2% from $224.06M in fiscal 2024, ending higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $78.23M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. Capital expenditures used $9.10M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 11.6% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $69.13M, leaving a positive amount after capital expenditures. Free cash flow represented 9.1% of revenue, linking post-investment cash generation with the company’s operating scale. Measured against total assets, free cash flow represented 6.4%, showing the cash productivity of the company’s assets.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Oct 21, 2026.