ACV Auctions Reports 20.6% Revenue Growth to $193.7 Million in Latest Quarter

ACV Auctions Inc. reported significant financial performance improvements in its latest quarterly filing, with total revenue reaching $193.7 million for the three months ended June 30, 2025, a 20.6% increase from $160.6 million in the same period last year. The company's marketplace and service revenue rose to $176.0 million, up from $144.1 million, driven by increased auction activity and higher buyer fee rates. Customer assurance revenue also saw a 7.3% increase, totaling $17.7 million compared to $16.5 million in the prior year. Despite these gains, ACV reported a net loss of $7.3 million, an improvement from a loss of $17.1 million in the same quarter of 2024.

In the first half of 2025, ACV's total revenue increased by 22.8% to $376.4 million, compared to $306.3 million in the first half of 2024. The growth was attributed to a rise in auction marketplace revenue, which climbed to $182.3 million from $142.8 million, and other marketplace revenue, which increased to $143.1 million from $114.9 million. The number of Marketplace Units sold also grew, reaching 418,454 for the six months ended June 30, 2025, compared to 361,157 in the same period last year, indicating enhanced customer engagement.

Operationally, ACV Auctions has expanded its workforce and capabilities, with a focus on enhancing its technology and service offerings. The company reported an increase in personnel-related costs, reflecting headcount growth from prior acquisitions. As of June 30, 2025, ACV had cash and cash equivalents of $258.4 million and marketable securities of $46.4 million, providing a solid liquidity position to support ongoing operations and future growth initiatives. The company also completed four acquisitions in 2024, which have contributed to its expanded service offerings and revenue growth.

Looking ahead, ACV Auctions anticipates continued growth in Marketplace Units and revenue as it capitalizes on the ongoing digital transformation in the wholesale automotive market. The company aims to increase its market share by attracting new buyers and sellers to its platform while enhancing customer satisfaction through improved service offerings. However, ACV acknowledges potential challenges, including macroeconomic conditions and competition, which could impact its growth trajectory. The company remains committed to investing in its technology and expanding its marketplace capabilities to drive long-term profitability.