Filing Flows › ACV Auctions (ACVA) › Q2 2025
ACV Auctions (ACVA) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
ACV Auctions (ACVA) reported revenue of $194M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +6% from the quarter before. Operating margin was -3.7%, net loss $7.3M (3.8% of revenue).
ACV Auctions, Q2 2025: revenue $194M (+21% year over year), operating margin -3.7%, net loss $7.3M, operating cash flow $13.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $194M | +6% | +21% |
| Operating profit | −$7.2M | — | — |
| Net earnings | −$7.3M | — | — |
| Operating cash flow | $13.7M | -79% | +204% |
| Free cash flow | $10.9M | -83% | +299% |
What changed
Revenue was $193.7M in Q2 2025, up 21% year over year and up 6% from the previous quarter. Auction marketplace revenue was the largest line at 48% of revenue. Auction marketplace revenue added $16.8M year over year (up 22%), 51% of the total change.
Operating costs exceeded revenue by $7.2M, an operating margin of -3.7%. Total costs grew 12% against revenue growth of 21%. The fastest-growing cost line was Other operating costs (+16%). The quarter ended with a net loss of $7.3M, narrower than the previous quarter's $14.8M loss.
Operating cash flow was $13.7M (up 204% year over year). Non-cash charges added back $10.9M of depreciation and amortization and $15.5M of share-based compensation. Working capital and other items used $5.3M. Capital expenditures of $2.9M left free cash flow of $10.9M.
Questions
What was ACV Auctions' revenue in the second quarter 2025?
ACV Auctions (ACVA) reported revenue of $194M for the second quarter 2025 (Q2 2025), +21% from a year earlier and +6% from the quarter before.
Was ACV Auctions profitable in the second quarter 2025?
Operating loss was $7.2M (-3.7% of revenue) and net loss $7.3M.
Source: ACV Auctions 10-Q on SEC EDGAR.