Carvana (CVNA) Revenue — Quarter Ended Dec 31, 2025
Revenue for the quarter was essentially flat compared to the prior quarter, as the sequential change was slightly negative. On a year-over-year basis, revenue remained significantly higher than the same quarter one year earlier.
Key takeaway
Quarter ended Dec 31, 2025 · FY2025 Q4
Revenue for the quarter was essentially flat compared to the prior quarter, as the sequential change was slightly negative. On a year-over-year basis, revenue remained significantly higher than the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.6B
Revenue reported for this quarter.
Quarter-over-quarter
-0.8%
Change from the immediately preceding quarter.
Year-over-year
+58.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$20.3B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2025 | $4.2B | +38.3% |
| Jun 30, 2025 | $4.8B | +41.9% |
| Sep 30, 2025 | $5.6B | +54.5% |
| Dec 31, 2025 | $5.6B | +58.0% |
Revenue performance
Reported revenue declined marginally from the immediately preceding quarter, representing a near-flat sequential trend. The modest dip follows three consecutive quarters of strong sequential growth.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was substantially higher. This year-over-year expansion is consistent with the elevated growth rates observed throughout the fiscal year.
What to watch
Monitor whether the near-flat sequential trend persists or if growth reaccelerates in upcoming quarters.