ACV Auctions Inc

For the period ended Jun 30, 2024. Filed Aug 7, 2024.

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.

Jun 30, 2024 · Filed Aug 7, 2024

ACVA$10.500.0%Stored close · as of Oct 15, 2026

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Contents

Condensed Consolidated Statements of Operations

	Three months ended June 30,		Six months ended June 30,
	2024	2023	2024	2023
Revenue:
Marketplace and service revenue	$144,126	$109,360	$273,940	$214,223
Customer assurance revenue	16,498	14,857	32,373	29,620
Total revenue	160,624	124,217	306,313	243,843
Operating expenses:
Marketplace and service cost of revenue (excluding depreciation & amortization)	64,253	50,229	119,946	97,804
Customer assurance cost of revenue (excluding depreciation & amortization)	14,558	13,474	27,372	25,617
Operations and technology	39,694	35,303	77,763	71,048
Selling, general, and administrative	51,912	41,180	105,765	82,892
Depreciation and amortization	8,848	3,821	16,635	7,106
Total operating expenses	179,265	144,007	347,481	284,467
Loss from operations	(18,641)	(19,790)	(41,168)	(40,624)
Other income (expense):
Interest income	2,329	4,720	5,360	8,016
Interest expense	(606)	(451)	(1,141)	(766)
Total other income (expense)	1,723	4,269	4,219	7,250
Loss before income taxes	(16,918)	(15,521)	(36,949)	(33,374)
Provision for income taxes	145	61	585	408
Net loss	$(17,063)	$(15,582)	$(37,534)	$(33,782)
Weighted-average shares - basic and diluted	164,383,588	159,463,851	163,636,615	159,090,377
Net loss per share - basic and diluted	$(0.10)	$(0.10)	$(0.23)	$(0.21)

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.