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Carvana (CVNA) Cash Flow Waterfall

Trace Carvana's cash from operations down to free cash flow, then see where FCF goes — capex, buybacks, dividends, and debt repayment.

TTM

Operating CF

$911.00M

Capex

−$171.00M

Free Cash Flow

$740.00M

FCF Margin

+81.2%

Cash flow waterfall for Carvana (CVNA) — TTM through Q1 2026

Free cash flow: $740.00M

Cash flow breakdown for Carvana (CVNA) — TTM through Q1 2026

  • Operating Cash Flow$911.00M
  • Capital Expenditure−$171.00M
  • Free Cash Flow$740.00M
  • Acquisitions−$147.00M
  • Other Investing$92.00M
  • Net Debt Change−$581.00M
  • Other Financing & FX$504.00M
  • Net Cash Increase$608.00M
Want to see what drove the FCF change?Free Cash Flow Bridge

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Data & methodology