ACV Auctions Inc

For the period ended Sep 30, 2024. Filed Nov 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.

Sep 30, 2024 · Filed Nov 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 September 30,		Nine months ended September 30,
	2024	2023	2024	2023
Revenue:
Marketplace and service revenue	$155,908	$104,537	$429,848	$318,760
Customer assurance revenue	15,421	14,477	47,794	44,097
Total revenue	171,329	119,014	477,642	362,857
Operating expenses:
Marketplace and service cost of revenue (excluding depreciation & amortization)	67,064	47,928	187,010	145,732
Customer assurance cost of revenue (excluding depreciation & amortization)	14,176	12,464	41,548	38,081
Operations and technology	42,539	35,132	120,302	106,180
Selling, general, and administrative	54,973	40,797	160,738	123,689
Depreciation and amortization	9,716	4,980	26,351	12,086
Total operating expenses	188,468	141,301	535,949	425,768
Loss from operations	(17,139)	(22,287)	(58,307)	(62,911)
Other income (expense):
Interest income	2,050	4,489	7,410	12,505
Interest expense	(1,077)	(439)	(2,218)	(1,205)
Total other income (expense)	973	4,050	5,192	11,300
Loss before income taxes	(16,166)	(18,237)	(53,115)	(51,611)
(Benefit from) provision for income taxes	(137)	1	448	409
Net loss	$(16,029)	$(18,238)	$(53,563)	$(52,020)
Weighted-average shares - basic and diluted	165,723,168	160,427,987	164,337,209	159,541,286
Net loss per share - basic and diluted	$(0.10)	$(0.11)	$(0.33)	$(0.33)

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.