ACV Auctions Reports $199.6 Million Revenue in Q3 2025, Despite Net Loss

ACV Auctions Inc. reported a total revenue of $199.6 million for the third quarter of 2025, marking a 16.4% increase from $171.3 million in the same period last year. The growth was driven by a rise in both marketplace and service revenue, which reached $176.5 million, up from $155.9 million, and customer assurance revenue, which increased to $23.1 million from $15.4 million. Despite the revenue growth, the company recorded a net loss of $24.5 million, compared to a loss of $16.0 million in the prior year, reflecting ongoing investments in growth and increased operational costs.

For the nine months ending September 30, 2025, ACV Auctions reported total revenue of $576.0 million, a 20.5% increase from $477.6 million in the same period of 2024. The company’s marketplace and service revenue accounted for 90% of total revenue, remaining consistent with the previous year. The increase in revenue was attributed to higher auction marketplace revenue, which rose to $270.0 million from $227.7 million, and other marketplace revenue, which increased to $223.4 million from $177.7 million. The volume of Marketplace Units sold also grew, reaching 636,519 for the nine months, up from 559,511 in the prior year.

Operationally, ACV Auctions has seen significant changes, including the impact of the Tricolor Holdings bankruptcy, which resulted in a $18.7 million provision for credit losses on finance receivables. The company also benefited from a $7.9 million settlement from a class action lawsuit against a data services vendor, which was recognized as a reduction in costs. The total number of Marketplace Units transacted increased, indicating higher customer engagement, while the average revenue per unit also rose due to increased buyer fee rates and additional ancillary services.

As of September 30, 2025, ACV Auctions had cash and cash equivalents of $265.3 million and marketable securities of $50.7 million, providing a solid liquidity position to support ongoing operations and growth initiatives. The company has indicated plans to continue investing in its marketplace platform and expanding its service offerings, which may impact short-term profitability but is expected to drive long-term growth. The outlook remains cautiously optimistic, with expectations of increased marketplace participation and revenue growth as the company navigates the evolving automotive auction landscape.