ACV Auctions Inc
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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 Balance Sheets
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Current Assets: | ||
| Cash and cash equivalents | $252,524 | $182,571 |
| Marketable securities | 35,228 | 228,761 |
| Trade receivables (net of allowance of $7,005 and $2,868) | 203,728 | 164,009 |
| Finance receivables (net of allowance of $3,557 and $3,428) | 130,785 | 119,034 |
| Other current assets | 16,967 | 12,524 |
| Total current assets | 639,232 | 706,899 |
| Property and equipment (net of accumulated depreciation of $4,615 and $4,462) | 7,932 | 4,918 |
| Goodwill | 177,899 | 103,379 |
| Acquired intangible assets (net of amortization of $26,235 and $17,534) | 98,971 | 34,192 |
| Capitalized software (net of amortization of $32,333 and $17,059) | 66,249 | 55,771 |
| Other assets | 44,070 | 17,765 |
| Total assets | $1,034,353 | $922,924 |
| Liabilities and Stockholders' Equity | ||
| Current Liabilities: | ||
| Accounts payable | $385,696 | $305,845 |
| Accrued payroll | 15,044 | 12,245 |
| Accrued other liabilities | 21,502 | 15,851 |
| Total current liabilities | 422,242 | 333,941 |
| Long-term debt | 115,000 | 115,000 |
| Other long-term liabilities | 40,899 | 17,455 |
| Total liabilities | 578,141 | 466,396 |
| Commitments and Contingencies (Note 5) | ||
| Stockholders' Equity: | ||
| Preferred Stock; $0.001 par value; 20,000,000 shares authorized; 0 and 0 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | — | — |
| Common Stock - Class A; $0.001 par value; 2,000,000,000 shares authorized; 157,720,580 and 138,637,352 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 158 | 139 |
| Common Stock - Class B; $0.001 par value; 160,000,000 shares authorized; 9,325,487 and 23,205,487 shares issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 9 | 23 |
| Additional paid-in capital | 932,392 | 880,510 |
| Accumulated deficit | (476,178) | (422,615) |
| Accumulated other comprehensive loss | (169) | (1,529) |
| Total stockholders' equity | 456,212 | 456,528 |
| Total liabilities and stockholders' equity | $1,034,353 | $922,924 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.