NYSE$ACVA
ACV Auctions Inc · Q4 2025 earnings
Q4 2025 earnings · · After market close · Investor relations
Briefing
ACV Auctions reported Q4 2025 earnings in its Q4-25 earnings press release.
ACV delivered a strong fourth quarter with revenue of $184 million and Adjusted EBITDA of $8 million, driven by market share gains and the continued adoption of dealer solutions. Despite a GAAP net loss of $20 million, the company showed significant year-over-year improvement in operating efficiency and set an optimistic outlook for fiscal year 2026 with expected revenue growth of 11% to 13%.
- Fourth quarter revenue grew 15% year-over-year to $184 million, driven by an 11% increase in Marketplace and Service revenue.
- Adjusted EBITDA of $8 million exceeded the high end of the company's previous guidance range.
- Marketplace Units increased 5% year-over-year to 192,757 units, while GMV grew 2% to $2.3 billion.
- The company provided 2026 full-year guidance expecting revenue between $845 million and $855 million, representing 11-13% growth.
Headline financials
Revenue & EPS history
ACV Auctions · Revenue · Quarterly
$184M
Revenue by segment
ACV Auctions · $119M total across 2 segments · Q3 2023
- Marketplace and Service$105M+15.1%87.8%
- Customer Assurance$14.5M-0.6%12.2%
Forward guidance
ACV expects continued growth and margin expansion in 2026, with revenue projected to grow 11% to 13% and Adjusted EBITDA expected to reach $73 million to $77 million.
Tailwinds
- Full-year 2026 revenue guidance of $845 million to $855 million.
- Projected 2026 Adjusted EBITDA growth of approximately 28% at the midpoint.
- Q1 2026 revenue expected to grow 9% to 12% year-over-year.
- Expected revenue growth to outpace non-GAAP operating expense growth by 300 basis points.
- Anticipated achievement of non-GAAP net income in 2026.
Headwinds
- GAAP net loss expected to continue in 2026, ranging from ($54) to ($50) million.
- Expectation of $68 million in stock-based compensation expense for the full year 2026.
- Q1 2026 GAAP net loss projected between ($14) and ($12) million.
- Guidance assumes normal seasonal patterns which may be subject to macro volatility.
- Wholesale price depreciation expected to follow seasonal patterns, potentially impacting GMV.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2025
+3.7%
Avg return
Earnings day
+4.4%
Avg return
5 days after
+7.2%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+23.9%
Q2 2022
Best reaction
-14.9%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.3% | +13.0% | +4.8% | |
| Q4 2025 | -14.9% | -14.4% | -23.8% | |
| Q3 2025 | +6.7% | +7.9% | +60.1% | |
| Q1 2025 | +4.4% | +7.7% | +5.3% | |
| Q4 2024 | -10.0% | -20.3% | -25.9% | |
| Q3 2024 | +5.2% | +8.2% | +16.7% | |
| Q2 2024 | +19.6% | +17.4% | +20.3% | |
| Q1 2024 | -1.6% | -2.0% | +0.4% | |
| Q4 2023 | +16.9% | +16.7% | +36.4% | |
| Q3 2023 | -3.7% | -4.6% | -1.7% | |
| Q2 2023 | +0.7% | -4.0% | +0.4% | |
| Q1 2023 | +22.5% | +26.5% | +31.0% | |
| Q4 2022 | +20.5% | +15.9% | +18.5% | |
| Q3 2022 | +19.1% | +23.2% | +26.5% | |
| Q2 2022 | +23.9% | +23.8% | +35.2% | |
| Q1 2022 | -7.1% | -4.5% | -18.1% | |
| Q4 2021 | +11.6% | +12.7% | +27.8% | |
| Q3 2020 | -4.2% | +3.3% | -0.7% | |
| Q3 2021 | -4.2% | +3.3% | -0.7% | |
| Q2 2021 | -8.6% | -11.9% | -16.9% | |
| Q4 2020 | -5.5% | -10.3% | -19.3% | |
| Q1 2021 | -5.5% | -10.3% | -19.3% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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