CarGurus, Inc.
Consumer CyclicalNASDAQ:CARG · NASDAQ Global Select
-$0.51 today
Vol 1.07M · Avg 1.31M
Income Statement
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Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Earnings Waterfall
Revenue to Net Income
Key Ratios
Analysis
$957.4M of revenue converted into $149.1M of net income for the selected period. Gross margin is 89.9% and net margin is 15.5%, showing how much revenue survives after costs and taxes. EPS is $1.52, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $939.0M +5.0% | $894.4M -2.2% | $914.2M -44.8% | $1.7B +74.0% | $951.4M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $103.4M -33.5% | $155.4M -40.9% | $262.8M -73.7% | $997.5M +239.3% | $294.0M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $835.5M +13.1% | $738.9M +13.4% | $651.5M -0.9% | $657.6M +0.0% | $657.4M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 89.0% +6.4pp | 82.6% +11.4pp | 71.3% +31.5pp | 39.7% -29.4pp | 69.1% | 9.8% | 28.9% | 38.3% |
| Research & Development | $155.7M +7.8% | $144.4M -1.2% | $146.2M +18.1% | $123.8M +16.3% | $106.4M | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $442.3M +1.8% | $434.3M -4.9% | $456.8M +11.5% | $409.8M +5.6% | $388.3M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $641.1M -11.6% | $725.5M +17.2% | $618.8M +12.7% | $549.1M +7.9% | $509.1M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $32.3M +27.4% | $25.4M -47.7% | $48.5M -14.1% | $56.4M +11.4% | $50.6M | $374.2M | $1.2B | $631.8M |
| EBITDA | $235.1M +35.7% | $173.3M +73.0% | $100.2M -40.3% | $167.8M -16.1% | $200.0M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 25.0% +5.7pp | 19.4% +8.4pp | 11.0% +0.8pp | 10.1% -10.9pp | 21.0% | 5.6% | 46.3% | 42.0% |
| Operating Income | $194.4M +1349.4% | $13.4M -58.9% | $32.6M -69.9% | $108.5M -26.8% | $148.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 20.7% +19.2pp | 1.5% -2.1pp | 3.6% -3.0pp | 6.6% -9.0pp | 15.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $9.2M -24.9% | $12.2M -33.9% | $18.4M +379.3% | $3.8M +3104.2% | $120.0K | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $0 | $0 | $0 | $0 | $0 | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $8.4M -25.3% | $11.2M -41.0% | $19.1M +560.9% | $2.9M +164.1% | $1.1M | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $202.8M +722.5% | $24.7M -52.3% | $51.7M -53.6% | $111.4M -25.4% | $149.4M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 21.6% +18.8pp | 2.8% -2.9pp | 5.7% -1.1pp | 6.7% -9.0pp | 15.7% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $43.0M +1065.7% | $3.7M -87.6% | $29.6M -8.6% | $32.4M -16.9% | $39.0M | $1.3B | -$1.6B | $745.2M |
| Net Income | $155.9M +643.4% | $21.0M -32.6% | $31.1M -83.9% | $193.8M +77.4% | $109.2M | $4.9B | $4.8B | $4.7B |
| Net Margin | 16.6% +14.3pp | 2.3% -1.1pp | 3.4% -8.3pp | 11.7% +0.2pp | 11.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +695.0% | $0 +5.3% | $0 -88.4% | $2 +126253.8% | -$0 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +675.0% | $0 +5.3% | $0 -87.4% | $2 +116253.8% | -$0 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $95.3M -8.8% | $104.5M -7.7% | $113.2M -4.4% | $118.5M +1.1% | $117.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $96.8M -8.9% | $106.3M -6.9% | $114.2M -10.9% | $128.2M +9.4% | $117.1M | $1.2B | $924.4M | $678.0M |
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How much revenue does CARG generate?
CarGurus, Inc. (CARG) reported $938.98M of revenue in fiscal 2025.
Is CARG profitable?
CarGurus, Inc. (CARG) reported $155.90M of net income, with a net margin of 16.6%.
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