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Cars.com (CARS) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 7, 2025

Cars.com (CARS) reported revenue of $179M for the second quarter 2025 (Q2 2025), -0.1% from a year earlier and -0.2% from the quarter before. Operating margin was 8.5%, net earnings $7.0M (3.9% of revenue).

Revenue$179M
Year over year-0.1%
Quarter over quarter-0.2%
Operating margin8.5%
Net earnings$7.0M

Cars.com, Q2 2025: revenue $179M (-0.1% year over year), operating margin 8.5%, net earnings $7.0M, operating cash flow $26.2M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$179M-0.2%-0.1%
Operating profit$15.2M+136%+60%
Net earnings$7.0M—-38%
Operating cash flow$26.2M-11%-26%
Free cash flow$18.2M—-37%

What changed

Revenue was $178.7M in Q2 2025, roughly flat year over year and roughly flat from the previous quarter.

Operating profit was $15.2M, a 8.5% margin (up 3.2 points year over year). Total costs fell 3% while revenue was flat. Net earnings were $7.0M, down 38% year over year. The effective tax rate was 29.7%.

Operating cash flow was $26.2M (down 26% year over year), 374% of net earnings. Non-cash charges added back $24.9M of depreciation and amortization and $6.7M of share-based compensation. Working capital and other items used $12.3M. After capitalization of internally developed technology ($5.5M) and purchase of property and equipment ($2.5M), free cash flow as the company reports it was $18.2M.

Questions

What was Cars.com's revenue in the second quarter 2025?

Cars.com (CARS) reported revenue of $179M for the second quarter 2025 (Q2 2025), -0.1% from a year earlier and -0.2% from the quarter before.

Was Cars.com profitable in the second quarter 2025?

Operating profit was $15.2M (8.5% of revenue) and net earnings $7.0M.

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Source: Cars.com 10-Q on SEC EDGAR.