Filing Flows › ACV Auctions (ACVA) › Q1 2025
ACV Auctions (ACVA) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
ACV Auctions (ACVA) reported revenue of $183M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +15% from the quarter before. Operating margin was -7.9%, net loss $14.8M (8.1% of revenue).
ACV Auctions, Q1 2025: revenue $183M (+25% year over year), operating margin -7.9%, net loss $14.8M, operating cash flow $66.6M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $183M | +15% | +25% |
| Operating profit | −$14.4M | — | — |
| Net earnings | −$14.8M | — | — |
| Operating cash flow | $66.6M | — | +55% |
| Free cash flow | $65.3M | — | +56% |
What changed
Revenue was $182.7M in Q1 2025, up 25% year over year and up 15% from the previous quarter. Auction marketplace revenue was the largest line at 49% of revenue. Auction marketplace revenue added $22.7M year over year (up 34%), 61% of the total change.
Operating costs exceeded revenue by $14.4M, an operating margin of -7.9%. Total costs grew 17% against revenue growth of 25%. The fastest-growing cost line was Other operating costs (+21%). The quarter ended with a net loss of $14.8M, narrower than the previous quarter's $26.1M loss.
Operating cash flow was $66.6M (up 55% year over year). Non-cash charges added back $10.5M of depreciation and amortization and $16.6M of share-based compensation. Working capital and other items added $54.3M. Capital expenditures of $1.3M left free cash flow of $65.3M.
Questions
What was ACV Auctions' revenue in the first quarter 2025?
ACV Auctions (ACVA) reported revenue of $183M for the first quarter 2025 (Q1 2025), +25% from a year earlier and +15% from the quarter before.
Was ACV Auctions profitable in the first quarter 2025?
Operating loss was $14.4M (-7.9% of revenue) and net loss $14.8M.
Source: ACV Auctions 10-Q on SEC EDGAR.