Carvana (CVNA) operating expenses was $2.3B in FY2025 (+23% YoY). The tables below show the complete quarterly and annual operating expenses history, sourced from SEC EDGAR 10-K and 10-Q filings.
Annual Operating Expenses
Fiscal Year
Operating Expenses
YoY
2025
$2.3B
+23%
2024
$1.9B
+5%
2023
$1.8B
-50%
2022
$3.6B
Recent Quarterly Operating Expenses
Quarter
Operating Expenses
Q2 2026
$704M
Q1 2026
$690M
Q4 2025
$627M
Q3 2025
$596M
Q2 2025
$553M
Q1 2025
$535M
Q4 2024
$503M
Q3 2024
$470M
Q2 2024
$456M
Q1 2024
$457M
Q4 2023
$440M
Q3 2023
$434M
Source: CVNA on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.