Short answer
ACV Auctions Inc. (ACVA) filed its fiscal 2025 10-K annual report with the SEC on Feb 23, 2026. It reported revenue of $760M (+19.2% year over year) and net income of −$66M.
- Top risk flagged: Legal risk from Tricolor Holdings Chapter 7 bankruptcy, $18.6M finance receivables exposure with uncertain recovery outcome
FY2025 key financial metrics · XBRL
- Revenue
- $760M
- +19.2% YoY
- Net income
- −$66M
- +17.0% YoY
- Operating margin
- -8.3%
- +4.9 pp YoY
- EPS (diluted)
- −$0.39
- +18.7% YoY
- ROE
- -15.4%
- +2.7 pp YoY
- Operating cash flow
- $78M
- +19.6% YoY
Source: XBRL data from the ACV Auctions Inc. (ACVA) FY2025 10-K on SEC EDGAR. USD.
ACV Auctions Inc. FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: digital marketplace platform for wholesale used vehicle transactions with integrated data services and vehicle condition transparency
- New AI-powered ClearCar suite added to enhance dealer trade-in process and inventory management system ACV MAX upgraded with predictive analytics
- Strategic emphasis on seamless end-to-end transaction journey including expanded value-added services: ACV Transportation, ACV Capital financing, and Customer Assurance
- Marketplace GMV $10.4B (up 9%), 22,062 active buyers (+5%), and 14,905 active sellers (+4%), with over 3,200 employees including 800+ vehicle condition inspectors
- Virtual Lift and Apex proprietary sensor technology introduced to provide enhanced digital undercarriage and engine diagnostics, boosting transparency and trust
Management Discussion & Analysis
- Forward-looking statements present, but no specific guidance or risk details given
Risk Factors
- Legal risk from Tricolor Holdings Chapter 7 bankruptcy, $18.6M finance receivables exposure with uncertain recovery outcome
- Macroeconomic threat from higher interest rates increasing vehicle costs, potentially reducing retail consumer used car demand
- Supply chain vulnerability in transportation relies on third-party carriers, impacting vehicle delivery and cost structure
- Competitive risk from other digital wholesale automotive marketplaces capturing dealer transactions, challenging market share growth
- Financial risk from significant stock-based compensation expenses: $56.9M in 2025, impacting operating leverage and profitability
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