ACV Auctions Inc
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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, 2024 · Filed May 8, 2024
ACVA$10.500.0%Stored close · as of Oct 15, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
| Three months ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Revenue: | ||
| Marketplace and service revenue | $129,814 | $104,863 |
| Customer assurance revenue | 15,875 | 14,763 |
| Total revenue | 145,689 | 119,626 |
| Operating expenses: | ||
| Marketplace and service cost of revenue (excluding depreciation & amortization) | 55,693 | 47,575 |
| Customer assurance cost of revenue (excluding depreciation & amortization) | 12,814 | 12,143 |
| Operations and technology | 38,069 | 35,660 |
| Selling, general, and administrative | 53,853 | 41,797 |
| Depreciation and amortization | 7,787 | 3,285 |
| Total operating expenses | 168,216 | 140,460 |
| Loss from operations | (22,527) | (20,834) |
| Other income (expense): | ||
| Interest income | 3,031 | 3,296 |
| Interest expense | (535) | (315) |
| Total other income (expense) | 2,496 | 2,981 |
| Loss before income taxes | (20,031) | (17,853) |
| Provision for income taxes | 440 | 347 |
| Net loss | $(20,471) | $(18,200) |
| Weighted-average shares - basic and diluted | 162,889,642 | 158,694,919 |
| Net loss per share - basic and diluted | $(0.13) | $(0.11) |
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