CarGurus, Inc.

For the period ended Sep 30, 2025. Filed Nov 6, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 30, 2025 · Filed Nov 6, 2025

CARG$34.59+0.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Unaudited Condensed Consolidated Balance Sheets

(in thousands, except share and per share data)

	As ofSeptember 30,2025	As ofDecember 31,2024
Assets
Current assets
Cash and cash equivalents	$178,834	$304,193
Accounts receivable, net of allowance for doubtful accounts of $1,186 and $788, respectively	39,612	44,248
Inventory	—	338
Prepaid expenses, prepaid income taxes, and other current assets	36,078	27,868
Deferred contract costs	14,843	12,523
Restricted cash	21	2,036
Total current assets	269,388	391,206
Property and equipment, net	132,934	130,010
Intangible assets, net	3,493	11,767
Goodwill	28,409	46,167
Operating lease right-of-use assets	116,665	121,484
Deferred tax assets	92,706	106,672
Deferred contract costs, net of current portion	12,842	13,196
Other non-current assets	4,035	4,034
Total assets	$660,472	$824,536
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$30,350	$26,410
Accrued expenses, accrued income taxes, and other current liabilities	30,546	35,975
Deferred revenue	23,643	21,661
Operating lease liabilities	9,317	9,005
Total current liabilities	93,856	93,051
Operating lease liabilities	183,944	183,739
Deferred tax liabilities	26	26
Other non–current liabilities	7,197	6,031
Total liabilities	285,023	282,847
Commitments and contingencies (Note 10)
Stockholders’ equity
Preferred stock, $0.001 par value per share; 10,000,000 shares authorized; no shares issued and outstanding	—	—
Class A common stock, $0.001 par value per share; 500,000,000 shares authorized; 81,908,990 and 89,002,571 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	82	89
Class B common stock, $0.001 par value per share; 100,000,000 shares authorized; 14,216,250 and 14,986,745 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively	14	15
Additional paid-in capital	6,776	169,013
Retained earnings	367,187	375,119
Accumulated other comprehensive income (loss)	1,390	(2,547)
Total stockholders’ equity	375,449	541,689
Total liabilities and stockholders’ equity	$660,472	$824,536

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.