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 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $50.84M | $76.49M | $63.01M | - | $68.04M | $26.40M | $25.39M | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | ($591.0K) | $1.48M | $2.08M | - | $3.58M | $4.18M | $2.47M | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $19.33M | $27.01M | $27.67M | - | $24.78M | $3.07M | $3.92M | - | - | - |
| Total Operating Expenses | $25.07M | $41.96M | $31.15M | - | $29.44M | $23.18M | $61.22M | - | $255.2K | $253.7K |
| D&A | $2.02M | $2.36M | $1.79M | - | $78.0K | $95.0K | $100.0K | - | - | - |
| Operating Income | ($25.66M) | ($40.48M) | ($29.07M) | - | ($27.42M) | ($19.00M) | ($59.21M) | - | ($255.2K) | ($253.7K) |
| Interest Expense | $302.0K | $594.0K | $617.0K | - | $104.0K | $184.0K | $149.0K | - | - | - |
| Income Tax | $0 | $0 | $0 | - | $0 | $0 | $0 | - | $10.5K | $92.6K |
| Net Income | ($24.30M) | ($34.91M) | ($24.84M) | - | ($3.48M) | ($7.21M) | ($15.02M) | - | ($167.2K) | $144.8K |
| EPS - Basic | ($0.21) | ($0.31) | ($0.22) | - | ($0.01) | $0.00 | - | - | - | - |
| EPS - Diluted | ($0.21) | ($0.31) | ($0.22) | - | ($0.03) | $0.00 | - | - | - | - |
Balance Sheet
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $84.81M | $70.02M | $75.33M | $75.03M | $57.50M | $83.58M | $74.36M | $2.21M | $429.6K | $590.8K |
| Accounts Receivable | $4.79M | $10.01M | $6.92M | $8.21M | $8.83M | $5.41M | $9.32M | $4.13M | - | - |
| Inventory | $13.06M | $31.89M | $46.09M | $40.98M | $58.14M | $47.47M | $9.31M | $11.20M | - | - |
| Accounts Payable | $2.24M | $3.93M | $7.91M | $6.35M | $9.82M | $8.78M | $9.42M | $6.28M | - | - |
| Current Assets | $160.04M | $206.26M | $217.21M | $249.85M | $277.35M | $318.36M | $273.52M | $25.86M | $619.6K | $652.9K |
| Total Assets | $210.54M | $255.25M | $308.80M | $290.29M | $313.30M | $348.13M | $326.60M | $28.20M | $311.52M | $311.76M |
| Current Liabilities | $46.49M | $68.97M | $52.37M | $49.86M | $46.05M | $57.08M | $25.57M | $33.65M | - | $165.6K |
| Long-term Debt | - | - | - | - | - | - | $1.25M | $3.00M | - | - |
| Total Liabilities | $76.77M | $98.64M | $118.52M | $76.78M | $87.71M | $122.46M | $97.49M | $41.44M | $10.78M | $10.86M |
| Stockholders' Equity | $133.77M | $156.61M | $190.28M | $213.51M | $225.59M | $225.66M | $229.11M | ($30.80M) | $5.00M | $5.00M |
| Retained Earnings | ($157.96M) | ($133.66M) | ($98.75M) | ($73.92M) | ($59.74M) | ($56.26M) | ($49.06M) | ($34.04M) | $3.46M | $3.63M |
Cash Flow
| Line item | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | ($31.66M) | - | - | - | ($19.60M) | - | - | - |
| Investing Cash Flow | - | - | $37.53M | - | - | - | ($219.49M) | - | - | - |
| Financing Cash Flow | - | - | ($5.89M) | - | - | - | ($1.71M) | - | - | - |
| CapEx | - | - | $4.09M | - | - | - | $10.0K | - | - | - |
| Free Cash Flow | - | - | ($35.76M) | - | - | - | ($19.61M) | - | - | - |
Ratios
| Metric | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 | Q2 '21 | Q1 '21 | Q4 '20 | Q3 '20 | Q2 '20 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | -1.2% | 1.9% | 3.3% | - | 5.3% | 15.8% | 9.7% | - | - | - |
| Operating margin | -50.5% | -52.9% | -46.1% | - | -40.3% | -72.0% | -233.2% | - | - | - |
| EBITDA margin | -46.5% | -49.8% | -43.3% | - | -40.2% | -71.6% | -232.8% | - | - | - |
| Net margin | -47.8% | -45.6% | -39.4% | - | -5.1% | -27.3% | -59.2% | - | - | - |
| Free cash flow margin | - | - | -56.7% | - | - | - | -77.2% | - | - | - |
| FCF / Net income | - | - | 1.44 | - | - | - | 1.31 | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 38.0% | 35.3% | 43.9% | - | 36.4% | 11.6% | 15.4% | - | - | - |
| Effective tax rate | - | - | - | - | - | - | - | - | - | 39.0% |
| Return on assets | -11.5% | -13.7% | -8.0% | - | -1.1% | -2.1% | -4.6% | - | -0.1% | 0.0% |
| Return on equity | -18.2% | -22.3% | -13.1% | - | -1.5% | -3.2% | -6.6% | - | -3.3% | 2.9% |
| Return on invested capital | - | - | - | - | - | - | -20.3% | - | - | - |
| Liquidity | ||||||||||
| Current ratio | 3.44 | 2.99 | 4.15 | 5.01 | 6.02 | 5.58 | 10.70 | 0.77 | - | 3.94 |
| Quick ratio | 3.16 | 2.53 | 3.27 | 4.19 | 4.76 | 4.75 | 10.33 | 0.44 | - | 3.94 |
| Cash ratio | 1.82 | 1.02 | 1.44 | 1.50 | 1.25 | 1.46 | 2.91 | 0.07 | - | 3.57 |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | 0.01 | -0.10 | - | - |
| Debt / Assets | - | - | - | - | - | - | 0.00 | 0.11 | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | -85.0x | -68.2x | -47.1x | - | -263.6x | -103.3x | -397.4x | - | - | - |
| Equity multiplier | 1.57 | 1.63 | 1.62 | 1.36 | 1.39 | 1.54 | 1.43 | -0.92 | 62.30 | 62.35 |
| Liabilities / Assets | 0.36 | 0.39 | 0.38 | 0.26 | 0.28 | 0.35 | 0.30 | 1.47 | 0.03 | 0.03 |
| Efficiency | ||||||||||
| Asset turnover | 0.24 | 0.30 | 0.20 | - | 0.22 | 0.08 | 0.08 | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 34d | 48d | 40d | - | 47d | 75d | 134d | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | - | - | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -25.3% | 189.8% | 148.2% | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | -64.6% | -15.9% | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 6.4% | -113.0% | 50.9% | - | -10643.0% | -7390.5% | -6226.1% | - | 4.9% | 6.4% |
| Net income growth (YoY) | -599.1% | -384.5% | -65.3% | - | -1979.0% | - | - | - | - | -87.6% |
| EPS growth (YoY) | -600.0% | - | - | - | - | - | - | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | -82.3% | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -40.7% | -30.6% | -16.9% | - | 4411.9% | 4413.3% | 4482.2% | - | -0.0% | -0.0% |
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%
Peer comparison
Same SIC group: Retail-Auto Dealers & Gasoline Stations
Comparing CarLotz against the 5 most active filers in the same SIC group.