CarGurus, Inc.

For the period ended Mar 31, 2026. Filed May 7, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 7, 2026

CARG$34.59+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	As ofMarch 31,2026	As ofDecember 31,2025
Assets
Current assets
Cash and cash equivalents	$72,049	$190,518
Accounts receivable, net of allowance for doubtful accounts of $800 and $600, respectively	44,568	41,936
Prepaid expenses, prepaid income taxes, and other current assets	30,142	35,259
Deferred contract costs	15,113	15,235
Total current assets	161,872	282,948
Property and equipment, net	129,535	132,952
Intangible assets, net	2,985	3,253
Goodwill	28,030	28,397
Operating lease right-of-use assets	99,237	115,481
Deferred tax assets	80,154	81,201
Deferred contract costs, net of current portion	13,322	13,563
Other non-current assets	4,478	4,102
Total assets	$519,613	$661,897
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$30,690	$29,115
Accrued expenses, accrued income taxes, and other current liabilities	32,984	38,393
Deferred revenue	24,656	23,562
Operating lease liabilities	9,621	9,469
Total current liabilities	97,951	100,539
Operating lease liabilities	178,374	181,364
Deferred tax liabilities	438	442
Other non–current liabilities	5,722	5,354
Total liabilities	282,485	287,699
Commitments and contingencies (Note 9)
Stockholders’ equity
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding	—	—
Class A common stock, $0.001 par value per share; 500,000,000 shares authorized; 75,673,609 and 80,667,475 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	76	81
Class B common stock, $0.001 par value per share; 100,000,000 shares authorized; 14,216,250 and 14,216,250 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	14	14
Additional paid-in capital	6,776	10,297
Retained earnings	229,815	362,380
Accumulated other comprehensive income	447	1,426
Total stockholders’ equity	237,128	374,198
Total liabilities and stockholders’ equity	$519,613	$661,897

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.