CARG · Cargurus, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $243.56M | - | $238.70M | $234.03M | $225.16M | - | $231.36M | $218.69M | $215.80M | - |
| Cost of Revenue | $18.93M | - | $25.16M | $29.65M | $25.45M | - | $48.81M | $36.25M | $40.84M | - |
| Gross Profit | $224.62M | - | $213.53M | $204.38M | $199.71M | - | $182.55M | $182.44M | $174.96M | - |
| R&D | $37.67M | - | $36.32M | $34.37M | $36.25M | - | $36.36M | $36.58M | $35.55M | - |
| SG&A | $26.48M | - | $28.46M | $27.06M | $26.78M | - | $28.19M | $27.43M | $28.07M | - |
| Total Operating Expenses | $184.54M | - | $158.86M | $179.54M | $153.95M | - | $155.12M | $276.03M | $148.68M | - |
| D&A | $7.17M | - | $4.71M | $4.14M | $6.55M | - | $2.33M | $2.23M | $7.48M | - |
| Operating Income | $40.08M | - | $54.67M | $24.84M | $45.76M | - | $27.43M | ($93.58M) | $26.28M | - |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $8.92M | - | $11.85M | $5.07M | $9.51M | - | $7.55M | ($21.70M) | $8.38M | - |
| Net Income | $32.23M | - | $44.72M | $22.34M | $39.05M | - | $22.51M | ($68.72M) | $21.30M | - |
| EPS - Basic | $0.34 | - | $0.46 | $0.23 | $0.38 | - | $0.22 | ($0.66) | $0.20 | - |
| EPS - Diluted | $0.34 | - | $0.45 | $0.22 | $0.37 | - | $0.21 | ($0.66) | $0.20 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $72.05M | $190.52M | $178.83M | $231.23M | $172.86M | $304.19M | $246.75M | $216.17M | $246.34M | $291.36M |
| Accounts Receivable | $44.57M | $41.94M | $39.61M | $41.03M | $40.70M | $44.25M | $44.54M | $39.76M | $44.30M | $39.96M |
| Inventory | - | - | $0 | $963.0K | $810.0K | $338.0K | $345.0K | $459.0K | $391.0K | $331.0K |
| Accounts Payable | $30.69M | $29.11M | $30.35M | $32.74M | $29.89M | $26.41M | $47.24M | $46.11M | $46.47M | $47.85M |
| Current Assets | $161.87M | $282.95M | $269.39M | $308.97M | $251.97M | $391.21M | $326.64M | $288.33M | $323.82M | $391.19M |
| Total Assets | $519.61M | $661.90M | $660.47M | $726.12M | $689.12M | $824.54M | $778.16M | $753.33M | $870.80M | $918.93M |
| Current Liabilities | $97.95M | $100.54M | $93.86M | $97.20M | $94.51M | $93.05M | $110.59M | $112.04M | $116.32M | $115.18M |
| Long-term Debt | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $282.49M | $287.70M | $285.02M | $290.64M | $287.06M | $282.85M | $294.69M | $301.26M | $302.44M | $302.07M |
| Stockholders' Equity | $237.13M | $374.20M | $375.45M | $435.48M | $402.05M | $541.69M | $483.47M | $452.07M | $568.36M | $616.85M |
| Retained Earnings | $229.81M | $362.38M | $367.19M | $418.64M | $396.49M | $375.12M | $329.24M | $306.73M | $375.45M | $354.15M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $69.85M | - | - | - | $67.88M | - | - | - | $51.96M | - |
| Investing Cash Flow | ($6.69M) | - | - | - | ($7.63M) | - | - | - | ($13.15M) | - |
| Financing Cash Flow | ($181.01M) | - | - | - | ($191.48M) | - | - | - | ($83.04M) | - |
| CapEx | $391.0K | - | - | - | $2.24M | - | - | - | $28.66M | - |
| Free Cash Flow | $69.46M | - | - | - | $65.64M | - | - | - | $23.30M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 92.2% | - | 89.5% | 87.3% | 88.7% | - | 78.9% | 83.4% | 81.1% | - |
| Operating margin | 16.5% | - | 22.9% | 10.6% | 20.3% | - | 11.9% | -42.8% | 12.2% | - |
| EBITDA margin | 19.4% | - | 24.9% | 12.4% | 23.2% | - | 12.9% | -41.8% | 15.6% | - |
| Net margin | 13.2% | - | 18.7% | 9.5% | 17.3% | - | 9.7% | -31.4% | 9.9% | - |
| Free cash flow margin | 28.5% | - | - | - | 29.2% | - | - | - | 10.8% | - |
| FCF / Net income | 2.16 | - | - | - | 1.68 | - | - | - | 1.09 | - |
| R&D / Revenue | 15.5% | - | 15.2% | 14.7% | 16.1% | - | 15.7% | 16.7% | 16.5% | - |
| SG&A / Revenue | 10.9% | - | 11.9% | 11.6% | 11.9% | - | 12.2% | 12.5% | 13.0% | - |
| Effective tax rate | 21.7% | - | 20.9% | 18.5% | 19.6% | - | 25.1% | - | 28.2% | - |
| Return on assets | 6.2% | - | 6.8% | 3.1% | 5.7% | - | 2.9% | -9.1% | 2.4% | - |
| Return on equity | 13.6% | - | 11.9% | 5.1% | 9.7% | - | 4.7% | -15.2% | 3.7% | - |
| Return on invested capital | 13.2% | - | 11.5% | 4.7% | 9.2% | - | 4.2% | -16.4% | 3.3% | - |
| Liquidity | ||||||||||
| Current ratio | 1.65 | 2.81 | 2.87 | 3.18 | 2.67 | 4.20 | 2.95 | 2.57 | 2.78 | 3.40 |
| Quick ratio | 1.65 | 2.81 | 2.87 | 3.17 | 2.66 | 4.20 | 2.95 | 2.57 | 2.78 | 3.39 |
| Cash ratio | 0.74 | 1.89 | 1.91 | 2.38 | 1.83 | 3.27 | 2.23 | 1.93 | 2.12 | 2.53 |
| Leverage | ||||||||||
| Debt / Equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / Assets | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debt / EBITDA | 0.00 | - | 0.00 | 0.00 | 0.00 | - | 0.00 | - | 0.00 | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.19 | 1.77 | 1.76 | 1.67 | 1.71 | 1.52 | 1.61 | 1.67 | 1.53 | 1.49 |
| Liabilities / Assets | 0.54 | 0.43 | 0.43 | 0.40 | 0.42 | 0.34 | 0.38 | 0.40 | 0.35 | 0.33 |
| Efficiency | ||||||||||
| Asset turnover | 0.47 | - | 0.36 | 0.32 | 0.33 | - | 0.30 | 0.29 | 0.25 | - |
| Inventory turnover | - | - | - | 30.79 | 31.42 | - | 141.47 | 78.97 | 104.44 | - |
| Days sales outstanding | 67d | - | 61d | 64d | 66d | - | 70d | 66d | 75d | - |
| Days inventory outstanding | - | - | 0d | 12d | 12d | - | 3d | 5d | 3d | - |
| Days payable outstanding | 592d | - | 440d | 403d | 429d | - | 353d | 464d | 415d | - |
| Cash conversion cycle | - | - | -380d | -327d | -351d | - | -280d | -393d | -337d | - |
| Valuation | ||||||||||
| P / E | 100.1x | - | 82.7x | 152.1x | 78.7x | - | 143.0x | - | 115.4x | - |
| P / B | 13.7x | - | 9.9x | 7.7x | 7.6x | - | 6.5x | 6.0x | 4.4x | - |
| P / S | 13.3x | - | 15.6x | 14.3x | 13.6x | - | 13.6x | 12.4x | 11.6x | - |
| EV / EBITDA | 67.0x | - | 59.5x | 107.7x | 55.2x | - | 97.7x | - | 67.0x | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 8.2% | - | 3.2% | 7.0% | 4.3% | - | 5.4% | -8.8% | -7.0% | - |
| Revenue CAGR (3y) | 1.6% | - | -17.6% | -22.9% | -19.4% | - | 1.2% | 0.1% | 8.0% | - |
| Revenue CAGR (5y) | 7.3% | - | 10.1% | 19.8% | 7.4% | - | 9.0% | 8.6% | 9.8% | - |
| Gross profit growth (YoY) | 12.5% | - | 17.0% | 12.0% | 14.1% | - | 11.1% | 11.2% | 12.9% | - |
| Operating income growth (YoY) | -12.4% | - | 99.3% | - | 74.1% | - | 18.8% | - | 87.0% | - |
| Net income growth (YoY) | -17.5% | - | 98.6% | - | 83.3% | - | 0.9% | - | 32.0% | - |
| EPS growth (YoY) | -8.1% | - | 114.3% | - | 85.0% | - | 23.5% | - | 100.0% | - |
| EPS CAGR (3y) | 50.4% | - | 47.6% | - | - | - | -4.4% | - | 1.7% | - |
| EPS CAGR (5y) | 12.3% | - | 9.2% | 29.7% | 27.5% | - | 18.5% | - | 12.7% | - |
| FCF growth (YoY) | 5.8% | - | - | - | 181.7% | - | - | - | -63.6% | - |
| FCF CAGR (5y) | 10.3% | - | - | - | 49.0% | - | - | - | 103.1% | - |
| Book value growth (YoY) | -41.0% | -30.9% | -22.3% | -3.7% | -29.3% | -12.2% | -32.6% | -35.5% | -18.3% | -16.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Geographic
$906.98M totalUS$827.30M · 91.2%
Non Us$79.68M · 8.8%
Peer comparison
Same SIC group: Services-Computer Processing & Data Preparation
Comparing CarGurus against the 5 most active filers in the same SIC group.