ACV Auctions Inc.

For the period ended Jun 30, 2025. Filed Aug 11, 2025.

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, 2025 · Filed Aug 11, 2025

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

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Contents

Condensed Consolidated Statements of Operations

(in thousands, except per share data)

	Three months ended June 30,		Six months ended June 30,
	2025	2024	2025	2024
Revenue:
Marketplace and service revenue	$175,995	$144,126	$341,932	$273,940
Customer assurance revenue	17,708	16,498	34,468	32,373
Total revenue	193,703	160,624	376,400	306,313
Operating expenses:
Marketplace and service cost of revenue (excluding depreciation & amortization)	74,319	64,253	143,721	119,946
Customer assurance cost of revenue (excluding depreciation & amortization)	16,909	14,558	30,886	27,372
Operations and technology	45,801	39,694	89,991	77,763
Selling, general, and administrative	52,972	51,912	111,990	105,765
Depreciation and amortization	10,897	8,848	21,438	16,635
Total operating expenses	200,898	179,265	398,026	347,481
Loss from operations	(7,195)	(18,641)	(21,626)	(41,168)
Other income (expense):
Interest income	2,152	2,329	4,041	5,360
Interest expense	(2,286)	(606)	(4,196)	(1,141)
Total other income (expense)	(134)	1,723	(155)	4,219
Loss before income taxes	(7,329)	(16,918)	(21,781)	(36,949)
(Benefit from) provision for income taxes	(31)	145	334	585
Net loss	$(7,298)	$(17,063)	$(22,115)	$(37,534)
Weighted-average shares - basic and diluted	170,472	164,384	169,415	163,637
Net loss per share - basic and diluted	$(0.04)	$(0.10)	$(0.13)	$(0.23)

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.