Short answer
Copart (CPRT) filed its fiscal 2025 10-K annual report with the SEC on Sep 26, 2025. It reported revenue of $4.6B (+9.7% year over year) and net income of $1.6B.
- Top risk flagged: Cybersecurity risk with potential IT outages impacting operations and reputation, governed by Audit Committee with quarterly and annual CISO updates
FY2025 key financial metrics · XBRL
- Revenue
- $4.6B
- +9.7% YoY
- Net income
- $1.6B
- +13.9% YoY
- Operating margin
- 36.5%
- −0.6 pp YoY
- EPS (diluted)
- $1.59
- +13.6% YoY
- ROE
- 16.9%
- −1.2 pp YoY
- Operating cash flow
- $1.8B
- +22.2% YoY
Source: XBRL data from the Copart (CPRT) FY2025 10-K on SEC EDGAR. USD.
Copart FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: global online auctions and vehicle remarketing services mainly for insurance companies' total loss vehicles
- New emphasis on proprietary AI-based tools Co.ai for salvage valuation and IntelliSeller for auction decision automation introduced in 2025
- Strategic focus expansion on international facilities with 6 new operational openings in UK, Spain, and US during fiscal 2025
- Revenues $4.6 billion and operating income $1.7 billion for fiscal 2025; 69.8% of US vehicles sold cross-state or internationally by buyer location
- Notable disaster response in 2024 managed flood-damaged vehicles post Hurricanes Helene and Milton with rapid mobilization and remarketing
Management Discussion & Analysis
- Revenue $4.65B ($3.97B service revenues + $0.68B vehicle sales) in FY2025, up 9.6% from $4.24B in FY2024
- Operating margin 36% in FY2025 vs 37% FY2024; net margin 33% vs 32% with effective tax rate lowering to 18.3% from 20.5%
- Best segment: US service revenues up $325.5M (10.4%); worst: International vehicle sales down $62.4M (18.5%)
- Operating cash flow $1.80B up 22%, capex $570M up 15.6%, cash increased $1.27B to $2.78B; financing cash inflow $52.1M driven by stock option proceeds
- Management cautious of weather-related catastrophe costs ($56M impact), expects growth via facility expansions and acquisitions, monitors used car pricing and repair cost trends
Risk Factors
- Cybersecurity risk with potential IT outages impacting operations and reputation, governed by Audit Committee with quarterly and annual CISO updates
- No specific regulatory or legal risk named, focus on cybersecurity governance without mention of law, case, or agency
- No explicit geopolitical or macroeconomic threat detailed in the section provided
- No named competitors or market disruption risks mentioned, technology risk limited to cybersecurity incident exposure
- Incident response team dependency on CISO and cross-functional leadership for timely recovery and regulatory notification compliance
Generated from the filing text; verify against the original. How to read a 10-K
Ask about this 10-K
Compare years, dig into a risk factor or check the numbers against insider trades and fund holders.