Carvana (CVNA) Cost of Revenue (2016 - 2026)

Carvana's Cost of Revenue history runs 11 years deep, the most recent figure standing at $5.2 billion for Q1 2026.

• In Q1 2026, Cost of Revenue rose 56.25% year-over-year to $5.2 billion; the TTM figure through Mar 2026 stood at $18.0 billion (up 54.67% YoY), while the FY2025 annual figure was $16.1 billion, up 49.39% from the prior year.
• Cost of Revenue was $5.2 billion for Q1 2026 at Carvana, up from $4.6 billion in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $5.2 billion in Q1 2026 to a low of $2.0 billion in Q4 2023.
• Historically, Cost of Revenue has averaged $3.1 billion across 5 years, with a median of $2.8 billion in 2024.
• The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 4164.52% in 2022, then decreased 29.21% in 2023.
• A 5-year view of Cost of Revenue shows it stood at $2.6 billion in 2022, then dropped by 23.52% to $2.0 billion in 2023, then soared by 37.69% to $2.8 billion in 2024, then surged by 63.51% to $4.6 billion in 2025, then grew by 13.38% to $5.2 billion in 2026.
• The last three Cost of Revenue figures came in at $5.2 billion (Q1 2026), $4.6 billion (Q4 2025), and $4.5 billion (Q3 2025), per Business Quant data.