CarGurus Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), CarGurus Inc. reported revenue of $907.0M (+1.4% year on year) and net income of $196.7M.
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $907.0M | $894.4M | $914.2M | $1.7B |
| Cost of revenue | $65.5M | $155.4M | $262.8M | $997.5M |
| Gross profit | $841.5M | $738.9M | $651.5M | $657.6M |
| Sales and marketing | $340.9M | $322.2M | $304.1M | $336.7M |
| Product, technology, and development | $138.3M | $144.4M | $146.2M | $123.8M |
| General and administrative | $101.4M | $112.1M | $152.8M | $73.1M |
| Impairment | $499.0K | $134.5M | — | — |
| Depreciation and amortization | $16.0M | $12.3M | $15.8M | $15.5M |
| Total operating expenses | $597.1M | $725.5M | $618.8M | $549.1M |
| Income from continuing operations | $244.4M | $13.4M | $32.6M | $108.5M |
| Interest income | $9.2M | $12.2M | $18.4M | $3.8M |
| Other (expense) income, net | ($762.0K) | ($944.0K) | $630.0K | ($961.0K) |
| Total other income, net | $8.4M | $11.2M | $19.1M | $2.9M |
| Income from continuing operations before income taxes | $252.8M | $24.7M | $51.7M | $111.4M |
| Provision for income taxes | $56.1M | $3.7M | $29.6M | $32.4M |
| Net income from continuing operations | $196.7M | — | — | — |
| Net loss from discontinued operations, net of tax benefits | ($40.8M) | — | — | — |
| Consolidated net income | $155.9M | $21.0M | $22.1M | $79.0M |
| Net loss attributable to redeemable noncontrolling interest | $0 | $0 | ($14.9M) | ($5.4M) |
| Net income attributable to CarGurus, Inc. | $155.9M | $21.0M | $36.9M | $84.4M |
| Deemed dividend on redemption of noncontrolling interest | $0 | $0 | $5.8M | — |
| Net income attributable to common stockholders | $155.9M | $21.0M | $31.1M | $193.8M |
| Continuing operations | $1.99 | — | — | — |
| Consolidated | $1.58 | $0.20 | $0.27 | $1.64 |
| Continuing operations | $1.96 | — | — | — |
| Consolidated | $1.55 | $0.20 | $0.19 | $0.62 |
| Basic | 98.8M | 104.5M | 113.2M | 118.5M |
| Diluted | 100.4M | 106.3M | 114.2M | 128.2M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $251.0M | $243.6M | $238.7M | $234.0M |
| Cost of revenue | $19.9M | $18.9M | $25.2M | $29.7M |
| Gross profit | $231.1M | $224.6M | $213.5M | $204.4M |
| Sales and marketing | $97.6M | $97.5M | $89.4M | $84.3M |
| Product, technology, and development | $38.1M | $37.7M | $36.3M | $34.4M |
| General and administrative | $28.2M | $26.5M | $28.5M | $27.1M |
| Impairments | $450.0K | $19.2M | $0 | $29.6M |
| Depreciation and amortization | $3.7M | $3.7M | $4.7M | $4.1M |
| Total operating expenses | $168.1M | $184.5M | $158.9M | $179.5M |
| Income from continuing operations | $63.0M | $40.1M | $54.7M | $24.8M |
| Interest income | $956.0K | $1.7M | $2.3M | $2.1M |
| Other (expense) income, net | ($448.0K) | ($606.0K) | ($399.0K) | $430.0K |
| Total other income, net | $508.0K | $1.1M | $1.9M | $2.6M |
| Income from continuing operations before income taxes | $63.5M | $41.1M | $56.6M | $27.4M |
| Provision for income taxes | $14.3M | $8.9M | $11.8M | $5.1M |
| Net income from continuing operations | $49.2M | $32.2M | — | — |
| Net loss from discontinued operations, net of tax benefits | $0 | $0 | — | — |
| Consolidated net income | $49.2M | $32.2M | — | — |
| Continuing operations | $0.55 | $0.34 | — | — |
| Consolidated | $0.55 | $0.34 | $0.46 | $0.23 |
| Continuing operations | $0.54 | $0.34 | — | — |
| Consolidated | $0.54 | $0.34 | $0.45 | $0.22 |
| Basic | 90.1M | 94.1M | 98.2M | 98.9M |
| Diluted | 91.1M | 95.1M | 99.7M | 100.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $190.5M | $304.2M | $291.4M | $469.5M |
| Accounts receivable, net of allowance for doubtful accounts of $600 and $696, respectively | $41.9M | $44.2M | $40.0M | $46.8M |
| Prepaid expenses, prepaid income taxes and other current assets | $35.3M | $27.9M | $25.2M | $22.0M |
| Deferred contract costs | $15.2M | $12.5M | $11.1M | $8.5M |
| Restricted cash | $0 | $2.0M | $2.6M | $5.2M |
| Current assets of discontinued operations | $0 | — | — | — |
| Total current assets | $282.9M | $391.2M | $391.2M | $557.4M |
| Property and equipment, net | $133.0M | $130.0M | $83.4M | $40.1M |
| Intangible assets, net | $3.3M | $11.8M | $23.1M | $53.1M |
| Goodwill | $28.4M | $46.2M | $157.9M | $157.5M |
| Operating lease right-of-use assets | $115.5M | $121.5M | $169.7M | $56.9M |
| Deferred tax assets | $81.2M | $106.7M | $73.4M | $35.5M |
| Deferred contract costs, net of current portion | $13.6M | $13.2M | $13.0M | $8.9M |
| Other non-current assets | $4.1M | $4.0M | $7.4M | $8.5M |
| Non-current assets of discontinued operations | $0 | — | — | — |
| Total assets | $661.9M | $824.5M | $918.9M | $927.1M |
| Accounts payable | $29.1M | $26.4M | $47.9M | $32.5M |
| Accrued expenses, accrued income taxes and other current liabilities | $38.4M | $36.0M | $33.7M | $39.2M |
| Deferred revenue | $23.6M | $21.7M | $21.3M | $12.2M |
| Operating lease liabilities | $9.5M | $9.0M | $12.3M | $14.8M |
| Current liabilities of discontinued operations | $0 | — | — | — |
| Total current liabilities | $100.5M | $93.1M | $115.2M | $98.7M |
| Operating lease liabilities | $181.4M | $183.7M | $182.1M | $51.7M |
| Deferred tax liabilities | $442.0K | $26.0K | $58.0K | $54.0K |
| Other non–current liabilities | $5.4M | $6.0M | $4.7M | $5.3M |
| Non-current liabilities of discontinued operations | $0 | — | — | — |
| Total liabilities | $287.7M | $282.8M | $302.1M | $155.7M |
| Common stock | $95.0K | $104.0K | $108.0K | $118.0K |
| Additional paid–in capital | $10.3M | $169.0M | $263.5M | $413.1M |
| Retained earnings | $362.4M | $375.1M | $354.1M | $323.0M |
| Accumulated other comprehensive income (loss) | $1.4M | ($2.5M) | ($901.0K) | ($1.6M) |
| Total stockholders’ equity | $374.2M | $541.7M | $616.9M | $734.6M |
| Total liabilities and stockholders' equity | $661.9M | $824.5M | $918.9M | $927.1M |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $122.1M | $72.0M | $178.8M | $231.2M |
| Accounts receivable, net of allowance for doubtful accounts of $850 and $600, respectively | $43.7M | $44.6M | $39.6M | $41.0M |
| Prepaid expenses, prepaid income taxes and other current assets | $21.4M | $30.1M | $36.1M | $19.1M |
| Deferred contract costs | $15.3M | $15.1M | $14.8M | $14.5M |
| Total current assets | $202.6M | $161.9M | $269.4M | $309.0M |
| Property and equipment, net | $129.6M | $129.5M | $132.9M | $130.3M |
| Intangible assets, net | $2.7M | $3.0M | $3.5M | $4.3M |
| Goodwill | $27.9M | $28.0M | $28.4M | $28.4M |
| Operating lease right-of-use assets | $98.0M | $99.2M | $116.7M | $117.5M |
| Deferred tax assets | $76.1M | $80.2M | $92.7M | $120.0M |
| Deferred contract costs, net of current portion | $13.4M | $13.3M | $12.8M | $13.0M |
| Other non-current assets | $4.9M | $4.5M | $4.0M | $3.7M |
| Total assets | $555.1M | $519.6M | $660.5M | $726.1M |
| Accounts payable | $36.1M | $30.7M | $30.4M | $32.7M |
| Accrued expenses, accrued income taxes and other current liabilities | $38.7M | $33.0M | $30.5M | $31.9M |
| Deferred revenue | $25.0M | $24.7M | $23.6M | $23.4M |
| Operating lease liabilities | $9.8M | $9.6M | $9.3M | $9.2M |
| Total current liabilities | $109.5M | $98.0M | $93.9M | $97.2M |
| Operating lease liabilities | $175.3M | $178.4M | $183.9M | $186.0M |
| Deferred tax liabilities | $0 | $438.0K | $26.0K | $26.0K |
| Other non–current liabilities | $6.0M | $5.7M | $7.2M | $7.4M |
| Total liabilities | $290.8M | $282.5M | $285.0M | $290.6M |
| Common stock | $90.0K | $90.0K | $96.0K | $99.0K |
| Additional paid-in capital | $6.8M | $6.8M | $6.8M | $15.4M |
| Retained earnings | $257.4M | $229.8M | $367.2M | $418.6M |
| Accumulated other comprehensive income | $126.0K | $447.0K | $1.4M | $1.4M |
| Total stockholders’ equity | $264.4M | $237.1M | $375.4M | $435.5M |
| Total liabilities and stockholders' equity | $555.1M | $519.6M | $660.5M | $726.1M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Consolidated net income | $155.9M | $21.0M | $22.1M | $79.0M |
| Depreciation and amortization | $28.3M | $25.4M | $48.5M | $45.3M |
| Gain on sale of property and equipment | $0 | $0 | ($460.0K) | — |
| Currency loss (gain) on foreign denominated transactions | ($404.0K) | $971.0K | ($283.0K) | $155.0K |
| Other non-cash (income) expense, net | ($101.0K) | ($816.0K) | $88.0K | — |
| Deferred taxes | $25.9M | ($33.3M) | ($37.9M) | ($22.1M) |
| Provision for doubtful accounts | $2.4M | $2.1M | $378.0K | $1.8M |
| Stock-based compensation expense | $50.4M | $62.3M | $63.7M | $54.8M |
| Amortization of deferred financing costs | $515.0K | $515.0K | $515.0K | $136.0K |
| Amortization of deferred contract costs | $16.4M | $14.0M | $11.8M | $11.1M |
| Impairment | $32.6M | $144.4M | — | — |
| Accounts receivable | $675.0K | ($4.9M) | $11.0M | $153.0M |
| Inventory | $338.0K | ($112.0K) | $2.0M | $14.4M |
| Prepaid expenses, prepaid income taxes, and other assets | ($7.8M) | ($1.6M) | ($1.5M) | ($6.6M) |
| Deferred contract costs | ($19.2M) | ($15.7M) | ($18.4M) | ($13.7M) |
| Accounts payable | $3.6M | ($4.7M) | $2.1M | ($35.0M) |
| Accrued expenses, accrued income taxes, and other liabilities | $336.0K | $3.9M | ($3.4M) | ($25.1M) |
| Deferred revenue | $1.9M | $362.0K | $9.1M | ($525.0K) |
| Lease obligations | $3.6M | $41.8M | $15.2M | ($546.0K) |
| Net cash provided by operating activities | $295.3M | $255.5M | $124.5M | $256.1M |
| Purchases of property and equipment | ($6.4M) | ($75.2M) | ($24.6M) | ($5.9M) |
| Proceeds from sale of property and equipment | $0 | $0 | $460.0K | — |
| Capitalization of website development costs | ($22.9M) | ($18.8M) | ($16.6M) | ($11.3M) |
| Purchases of short-term investments | $0 | ($494.0K) | ($98.0M) | — |
| Sale of short-term investments | $0 | $21.2M | $77.5M | — |
| Advance payments to customers, net of collections | $0 | $259.0K | ($259.0K) | — |
| Net cash used in investing activities | ($29.3M) | ($73.0M) | ($61.6M) | $72.7M |
| Proceeds from issuance of common stock upon exercise of stock options | $474.0K | $4.9M | $74.0K | $721.0K |
| Payment of withholding taxes on net share settlements of restricted stock units | -30.4M | -24.9M | -15.6M | -16.0M |
| Repurchase of common stock | ($351.9M) | ($146.2M) | ($208.5M) | ($14.4M) |
| Payment of excise taxes on repurchases of common stock | ($680.0K) | ($1.6M) | — | — |
| Payment of finance lease obligations | ($81.0K) | ($75.0K) | ($70.0K) | ($68.0K) |
| Payment of tax distributions to redeemable noncontrolling interest holders | $0 | $0 | ($38.0K) | ($19.9M) |
| Acquisition of remaining interest in CarOffer, LLC | $0 | $0 | ($25.0M) | — |
| Change in gross advance payments received from third-party transaction processor | ($1.2M) | ($822.0K) | ($4.5M) | ($40.3M) |
| Net cash used in financing activities | ($383.8M) | ($168.6M) | ($253.6M) | ($92.6M) |
| Impact of foreign currency on cash, cash equivalents, and restricted cash | $2.1M | ($1.6M) | $475.0K | ($364.0K) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | ($115.7M) | $12.3M | ($190.2M) | $235.9M |
| Cash, cash equivalents, and restricted cash at beginning of period | $306.2M | $293.9M | $484.1M | $248.3M |
| Cash, cash equivalents, and restricted cash at end of period | $190.5M | $306.2M | $293.9M | $484.1M |
| Cash paid for income taxes | $19.8M | $40.8M | $74.8M | $61.0M |
| Cash paid for operating lease liabilities | $20.7M | $15.4M | $19.5M | $17.5M |
| Cash paid for interest | $590.0K | $772.0K | $566.0K | $64.0K |
| Unpaid purchases of property and equipment and capitalized hosting arrangements | $606.0K | $1.5M | $18.1M | $1.9M |
| Capitalized stock-based compensation expense in website development and internal-use software costs and hosting arrangements | $6.7M | $6.5M | $5.5M | $4.5M |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Consolidated net income | $81.4M | $32.2M | $106.1M | $61.4M |
| Depreciation and amortization | $15.1M | $7.2M | $20.6M | $13.2M |
| Currency loss (gain) on foreign denominated transactions | $165.0K | $129.0K | ($446.0K) | ($457.0K) |
| Deferred taxes | $4.7M | $1.1M | $14.0M | ($13.3M) |
| Provision for doubtful accounts | $1.5M | $935.0K | $2.0M | $1.1M |
| Stock-based compensation expense | $26.6M | $13.3M | $38.6M | $25.9M |
| Amortization of deferred financing costs | $258.0K | $129.0K | $387.0K | $258.0K |
| Amortization of deferred contract costs | $9.7M | $4.7M | $12.0M | $7.8M |
| Impairments | $20.2M | $19.7M | $32.6M | $32.6M |
| Accounts receivable | ($3.4M) | ($3.7M) | $3.4M | $2.2M |
| Inventory | $0 | $0 | $338.0K | ($373.0K) |
| Prepaid expenses, prepaid income taxes, and other assets | $13.0M | $4.7M | ($8.5M) | $8.9M |
| Deferred contract costs | ($9.7M) | ($4.4M) | ($13.7M) | ($9.4M) |
| Accounts payable | $6.5M | $1.2M | $4.2M | $6.7M |
| Accrued expenses, accrued income taxes, and other liabilities | ($182.0K) | ($7.1M) | ($6.1M) | ($3.2M) |
| Deferred revenue | $1.4M | $1.1M | $1.9M | $1.7M |
| Lease obligations | ($2.8M) | ($1.3M) | $4.8M | $6.0M |
| Net cash provided by operating activities | $164.4M | $69.8M | $212.2M | $141.0M |
| Purchases of property and equipment | ($953.0K) | ($391.0K) | ($5.2M) | ($3.8M) |
| Capitalization of website development costs | ($12.6M) | ($6.3M) | ($17.4M) | ($11.7M) |
| Net cash used in investing activities | ($13.6M) | ($6.7M) | ($22.6M) | ($15.5M) |
| Proceeds from issuance of common stock upon exercise of stock options | $55.0K | $55.0K | $429.0K | $404.0K |
| Payment of withholding taxes on net share settlements of restricted stock units | -13.6M | -6.6M | -22.7M | -15.3M |
| Repurchases of common stock | ($202.1M) | ($174.4M) | ($294.9M) | ($184.6M) |
| Payment of excise tax for repurchase of common stock | ($2.7M) | — | ($682.0K) | ($682.0K) |
| Payment of finance lease obligations | ($43.0K) | ($20.0K) | ($60.0K) | ($40.0K) |
| Change in gross advance payments received from third-party transaction processor | $0 | $0 | ($1.1M) | ($281.0K) |
| Net cash used in financing activities | ($218.4M) | ($181.0M) | ($319.0M) | ($200.5M) |
| Impact of foreign currency on cash, cash equivalents, and restricted cash | ($847.0K) | ($613.0K) | $2.1M | $2.1M |
| Net decrease in cash, cash equivalents, and restricted cash | ($68.4M) | ($118.5M) | ($127.4M) | ($72.9M) |
| Cash, cash equivalents, and restricted cash at beginning of period | $190.5M | $190.5M | $306.2M | $306.2M |
| Cash, cash equivalents, and restricted cash at end of period | $122.1M | $72.0M | $178.9M | $233.3M |
| (Refunds) or cash paid for income taxes, net | ($356.0K) | ($5.5M) | — | — |
| Cash paid for operating lease liabilities | $11.5M | $5.8M | $14.5M | $9.0M |
| Cash paid for interest | $309.0K | $283.0K | $490.0K | $316.0K |
| Unpaid purchases of property and equipment and capitalized hosting arrangements | $1.0M | $1.0M | $1.2M | $842.0K |
| Capitalized stock-based compensation expense in website development and internal-use software costs and hosting arrangements | $2.9M | $1.5M | $5.2M | $3.5M |
| Unpaid repurchases of common stock | $2.2M | $614.0K | $454.0K | — |
| Unpaid excise tax on repurchases of common stock | 1.7M | 4.2M | 2.3M | 1.4M |
| Obtaining a right-of-use asset in exchange for an operating lease liability | $0 | $0 | $1.1M | $201.0K |
CarGurus Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.