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ACV Auctions (ACVA) earnings and revenue breakdown

Latest: Q2 2026 · 10-Q filed Aug 10, 2026 · ACV Auctions (ACVA) Q2 2026 earnings results →

Q2 2026 Revenue up 10% year over year to $214M · 4¢ of every $1 of revenue lost · operating margin -2.8%

ACV Auctions made $214M in Q2 2026 (+10% Y/Y): Marketplace and service $189M, Customer assurance $24.7M. Operating margin -2.8%, net loss $8.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 10, 2026.

Revenue$214M
Year over year+10%
Operating margin-2.8%
Net earnings−$8.2M
Operating cash flow−$35.5M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $213.9M in Q2 2026, up 10% year over year and up 5% from the previous quarter. Auction marketplace revenue was the largest line at 43% of revenue. Other marketplace revenue added $12.9M year over year (up 17%), 64% of the total change.

Operating costs exceeded revenue by $6.0M, an operating margin of -2.8%. Total costs grew 10% against revenue growth of 10%. The fastest-growing cost line was Other operating costs (+12%). The quarter ended with a net loss of $8.2M, narrower than the previous quarter's $10.9M loss.

Operating cash flow was −$35.5M. Non-cash charges added back $12.0M of depreciation and amortization and $14.8M of share-based compensation. Working capital and other items used $54.1M. Capital expenditures of $3.1M exceeded it, leaving free cash flow of −$38.6M.

Quarterly history

ACV Auctions revenue by quarterACV Auctions revenue by quarter$160MQ4 2024$183MQ1 2025$194MQ2 2025$200MQ3 2025$184MQ4 2025$204MQ1 2026$214MQ2 2026
ACV Auctions net earnings by quarterACV Auctions net earnings by quarter−$26.1MQ4 2024−$14.8MQ1 2025−$7.3MQ2 2025−$24.5MQ3 2025−$19.6MQ4 2025−$10.9MQ1 2026−$8.2MQ2 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q2 202610-QAug 10, 2026$214M+10%-2.8%−$8.2M−$35.5M
Q1 202610-QMay 6, 2026$204M+12%-4.5%−$10.9M$76.5M
Q4 202510-KFeb 23, 2026$184M+15%-9.7%−$19.6M−$12.4M
Q3 202510-QNov 5, 2025$200M+16%-11.9%−$24.5M$10.3M
Q2 202510-QAug 11, 2025$194M+21%-3.7%−$7.3M$13.7M
Q1 202510-QMay 7, 2025$183M+25%-7.9%−$14.8M$66.6M
Q4 202410-KFeb 19, 2025$160M+35%-16.2%−$26.1M−$3.2M

Charts

ACV Auctions: revenue growth, year over year and quarter over quarterACV Auctions: revenue growth, year over year and quarter over quarterY/YQ/Q+35%Q4 2024+25%+15%Q1 2025+21%+6%Q2 2025+16%+3%Q3 2025+15%-8%Q4 2025+12%+11%Q1 2026+10%+5%Q2 2026
Latest (Q2 2026): Y/Y +10%, Q/Q +5%.
ACV Auctions: where the cash came from (+) and went (−), TTM to Q2 2026ACV Auctions: where the cash came from (+) and went (−), TTM to Q2 2026Other financing−$60.7MOperating cash flow$38.9MNet borrowing (+) / repaid (−)$18.5MCash drawn (+) / kept (−)$16.1MCapital spending−$9.8MOther investing−$4.5MShares issued$1.7MExchange rates−$169K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
ACV Auctions: profit against cash, quarter by quarterACV Auctions: profit against cash, quarter by quarterNet incomeOperating cash flow−$16.0M$21.1MQ3 2024−$26.1M−$3.2MQ4 2024−$14.8M$66.6MQ1 2025−$7.3M$13.7MQ2 2025−$24.5M$10.3MQ3 2025−$19.6M−$12.4MQ4 2025−$10.9M$76.5MQ1 2026−$8.2M−$35.5MQ2 2026
Latest (Q2 2026): Net income −$8.2M, Operating cash flow −$35.5M.
ACV Auctions: diluted shares by fiscal year (split-adjusted)ACV Auctions: diluted shares by fiscal year (split-adjusted)108MFY2020125MFY2021157MFY2022160MFY2023165MFY2024171MFY2025
+58.0% since FY2020: more shares outstanding (issuance, stock pay); earlier years scaled for the 5-for-1 split before FY2021.
ACV Auctions in its industry: growth against margin (87 companies, SIC 7389)ACV Auctions in its industry: growth against margin (87 companies, SIC 7389)revenue growth, year over year →↑ operating marginmedian +8%median 7%ACNUBERVMELIMAPYPLFISVDASHAMTMFISGPNEBAYCNXCLYFTBRCPAYFOURRBAMMSTNETAKAMCARTWUCSGPADVMSCIWEXZGCBZETSYFICOTICEXLSCNDTRELYALITMBGLQNSTMAXPAYHQYPAYOPRTHCTEVXMTRFLYWGETYANDGNUTXXBPSEZLIMXILQDTPHRRMNIRPAYRGPSCORJANLCASSAMWLSGRPDHXBAERPAYSOPRXNOTEHGBLPOWWRSSSDVLTPAYDQMCIINVUTGLASFHCJMBOLBXHLDFTFTDBMMCNFNSRCOGBUXWASTBCRDACVA (+10%, -3%)
Services-Business Services, NEC; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

About ACV Auctions

Our mission is to build and enable the most trusted and efficient marketplace for buying and selling used vehicles with transparency and comprehensive data that was previously unimaginable. We provide a highly efficient and vibrant marketplace platform ("marketplace platform" or "marketplace") for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information to our customers. Our marketplace platform leverages data insights and technology to power our digital marketplace and data services, enabling our dealers and commercial partners to buy, sell, and value vehicles with confidence and efficiency. Our marketplace platform is also supported by remarketing centers in various locations throughout the United States.

In its own words, from its 10-K, filed Feb 23, 2026.

ACV Auctions against its Services-Business Services, NEC peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +10% against the peers' median +10%. Operating margin: -2.8% against the peers' median 9.8%.

CompanyQuarterRevenueY/YOp. margin
ACVA ACV AuctionsQ2 2026$214M+10%-2.8%
ACN AccentureQ4 FY26$18.7B+6%15.3%
UBER Uber TechnologiesQ3 2026$14.8B+10%9.8%
V VisaQ4 FY26$12.1B+13%59.8%
MELI MercadoLibreQ3 2026$10.8B+45%6.3%
MA MastercardQ3 2026$9.8B+14%59.8%
PYPL PayPal HoldingsQ3 2026$8.6B+2%16.3%
FISV FiservQ3 2026$5.2B-1%-105.7%
DASH DoorDashQ3 2026$4.6B+34%9.6%

Source: ACV Auctions 10-Q on SEC EDGAR · CIK 1637873 · Services-Business Services, NEC

13F: who owns ACVA and who is buying

Largest holders of ACVA (13F)Largest holders of ACVA (13F)Vanguard Group$124MBlackRock$101MAtreides Management, LP$71.2MVanguard Capital Management LLC$53.7MVanguard Portfolio Management LLC$53.0MBrown Advisory$49.8MCramer Rosenthal McGlynn LLC$43.2MFrontier Capital Management Co LLC$41.8MFirst Trust Capital Management L.…$35.9MIridian Asset Management LLC$32.0M
Funds' net buying of ACVA by quarter (13F)Funds' net buying of ACVA by quarter (13F)−$49.3M2024-09$52.8M2024-12$182M2025-03$51.9M2025-06−$57.5M2025-09−$66.6M2025-12−$3.0M2026-03$28.6M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on ACVA

History

Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results

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