Below are the financial statements of ACV Auctions, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenue | — | — | — |
| Marketplace and service revenue | 572.97a | 422.53a | 361.59a |
| Customer assurance revenue | 64.19a | 58.71a | 59.94a |
| Total revenue | 637.16a | 481.23a | 421.53a |
| Operating expenses | — | — | — |
| Marketplace and service cost of revenue (excluding depreciation & amortization) | -248.21a | -192.71a | -183.97a |
| Customer assurance cost of revenue (excluding depreciation & amortization) | -56.23a | -51.75a | -52.69a |
| Operations and technology | -162.7a | -140.96a | -136.52a |
| Selling, general, and administrative | -217.44a | -166.51a | -143.64a |
| Depreciation and amortization | -36.69a | -18.99a | -10.93a |
| Total operating expenses | -721.26a | -570.91a | -527.74a |
| Loss from operations | -84.11a | -89.68a | -106.21a |
| Other income (expense) | — | — | — |
| Interest income | 9.34a | 16.51a | 5.08a |
| Interest expense | -4.24a | -1.57a | -0.98a |
| Total other income (expense) | 5.09a | 14.94a | 4.1a |
| Loss before income taxes | -79.01a | -74.74a | -102.11a |
| Provision for income taxes | -0.69a | -0.53a | -0.09a |
| Net income (loss) | -79.7a | -75.26a | -102.19a |
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