LOTZ · Carlotz, 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 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Revenue | $118.63M | $118.63M | $102.49M | $58.35M | - |
| Cost of Revenue | - | - | - | - | - |
| Gross Profit | $10.59M | $11.26M | $8.71M | $5.64M | - |
| R&D | - | - | - | - | - |
| SG&A | $93.08M | $17.55M | $18.30M | $11.66M | - |
| Total Operating Expenses | $147.67M | $18.11M | $932.8K | $12.25M | - |
| D&A | $341.0K | $341.0K | $504.0K | $338.0K | - |
| Operating Income | ($137.08M) | ($6.85M) | ($932.8K) | ($6.61M) | - |
| Interest Expense | $1.59M | $518.0K | $651.0K | $466.0K | - |
| Income Tax | $10.0K | $10.0K | $1.12M | $3.0K | - |
| Net Income | ($39.88M) | ($6.55M) | $3.48M | ($6.56M) | - |
| EPS - Basic | ($0.11) | - | - | - | - |
| EPS - Diluted | ($0.11) | - | - | - | - |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Cash & Equivalents | $75.03M | $2.21M | $1.60M | - | $9.19M |
| Accounts Receivable | $8.21M | $4.13M | $3.26M | - | - |
| Inventory | $40.98M | $11.20M | $7.63M | - | - |
| Accounts Payable | $6.35M | $6.28M | $2.13M | - | - |
| Current Assets | $249.85M | $25.86M | $1.82M | - | - |
| Total Assets | $290.29M | $28.20M | $311.66M | - | - |
| Current Liabilities | $49.86M | $33.65M | $214.8K | - | - |
| Long-term Debt | - | $3.00M | - | - | - |
| Total Liabilities | $76.78M | $41.44M | $10.91M | - | - |
| Stockholders' Equity | $213.51M | ($30.80M) | $0 | - | ($854.0K) |
| Retained Earnings | ($73.92M) | ($34.04M) | $3.48M | - | - |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Operating Cash Flow | ($111.28M) | ($4.59M) | ($2.06M) | ($11.76M) | - |
| Investing Cash Flow | ($146.51M) | ($1.23M) | ($304.31M) | ($362.0K) | - |
| Financing Cash Flow | $334.35M | $4.53M | $307.95M | $4.50M | - |
| CapEx | $10.15M | $154.0K | $235.0K | $474.0K | - |
| Free Cash Flow | ($121.43M) | ($4.75M) | ($2.29M) | ($12.23M) | - |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 8.9% | 9.5% | 8.5% | 9.7% | - |
| Operating margin | -115.6% | -5.8% | -0.9% | -11.3% | - |
| EBITDA margin | -115.3% | -5.5% | -0.4% | -10.7% | - |
| Net margin | -33.6% | -5.5% | 3.4% | -11.2% | - |
| Free cash flow margin | -102.4% | -4.0% | -2.2% | -21.0% | - |
| FCF / Net income | 3.04 | 0.72 | -0.66 | 1.87 | - |
| R&D / Revenue | - | - | - | - | - |
| SG&A / Revenue | 78.5% | 14.8% | 17.9% | 20.0% | - |
| Effective tax rate | - | - | 24.4% | - | - |
| Return on assets | -13.7% | -23.2% | 1.1% | - | - |
| Return on equity | -18.7% | 21.3% | - | - | - |
| Return on invested capital | - | - | - | - | - |
| Liquidity | |||||
| Current ratio | 5.01 | 0.77 | 8.46 | - | - |
| Quick ratio | 4.19 | 0.44 | -27.03 | - | - |
| Cash ratio | 1.50 | 0.07 | 7.45 | - | - |
| Leverage | |||||
| Debt / Equity | - | -0.10 | - | - | - |
| Debt / Assets | - | 0.11 | - | - | - |
| Debt / EBITDA | - | - | - | - | - |
| Interest coverage | -86.2x | -13.2x | -1.4x | -14.2x | - |
| Equity multiplier | 1.36 | -0.92 | - | - | - |
| Liabilities / Assets | 0.26 | 1.47 | 0.04 | - | - |
| Efficiency | |||||
| Asset turnover | 0.41 | 4.21 | 0.33 | - | - |
| Inventory turnover | - | - | - | - | - |
| Days sales outstanding | 25d | 13d | 12d | - | - |
| Days inventory outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - |
| Valuation | |||||
| P / E | - | - | - | - | - |
| P / B | - | - | - | - | - |
| P / S | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - |
| Growth | |||||
| Revenue growth (YoY) | 0.0% | 15.7% | 75.6% | - | - |
| Revenue CAGR (3y) | 26.7% | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - |
| Gross profit growth (YoY) | -5.9% | 29.3% | 54.3% | - | - |
| Operating income growth (YoY) | -1900.6% | -634.5% | 85.9% | - | - |
| Net income growth (YoY) | -508.7% | - | - | - | - |
| EPS growth (YoY) | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - |
| FCF growth (YoY) | -2458.6% | -107.2% | 81.3% | - | - |
| FCF CAGR (5y) | - | - | - | - | - |
| Book value growth (YoY) | - | - | - | - | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Product / service
$516.08M totalVehicle Sales$258.04M · 50.0%
Retail Vehicle Sales$217.44M · 42.1%
Wholesale Vehicle Sales$31.76M · 6.2%
Finance And Insurance$8.84M · 1.7%
Stability scores
Altman Z′
FY 2021 · bankruptcy risk
0.39
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2021 · 9-point quality
2/9
Weak
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✗Cash flow > net income
- -Long-term debt decreased
- ✓Current ratio improved
- -No share dilution
- ✗Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing CarLotz against the 5 most active filers in the same SIC group.