Filing Flows › ACV Auctions (ACVA) › Q3 2025
ACV Auctions (ACVA) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
ACV Auctions (ACVA) reported revenue of $200M for the third quarter 2025 (Q3 2025), +16% from a year earlier and +3% from the quarter before. Operating margin was -11.9%, net loss $24.5M (12.3% of revenue).
ACV Auctions, Q3 2025: revenue $200M (+16% year over year), operating margin -11.9%, net loss $24.5M, operating cash flow $10.3M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | +3% | +16% |
| Operating profit | −$23.7M | — | — |
| Net earnings | −$24.5M | — | — |
| Operating cash flow | $10.3M | -25% | -51% |
| Free cash flow | $7.7M | -30% | -62% |
What changed
Revenue was $199.6M in Q3 2025, up 16% year over year and up 3% from the previous quarter. Auction marketplace revenue was the largest line at 44% of revenue. Other marketplace revenue added $17.5M year over year (up 28%), 62% of the total change.
Operating costs exceeded revenue by $23.7M, an operating margin of -11.9%. Total costs grew 18% against revenue growth of 16%. The fastest-growing cost line was SG&A (+32%). The quarter ended with a net loss of $24.5M, wider than the previous quarter's $7.3M loss.
Operating cash flow was $10.3M (down 51% year over year). Non-cash charges added back $11.0M of depreciation and amortization and $11.3M of share-based compensation. Working capital and other items added $12.4M. Capital expenditures of $2.6M left free cash flow of $7.7M.
Questions
What was ACV Auctions' revenue in the third quarter 2025?
ACV Auctions (ACVA) reported revenue of $200M for the third quarter 2025 (Q3 2025), +16% from a year earlier and +3% from the quarter before.
Was ACV Auctions profitable in the third quarter 2025?
Operating loss was $23.7M (-11.9% of revenue) and net loss $24.5M.
Source: ACV Auctions 10-Q on SEC EDGAR.